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Re: savy1 post# 6411

Thursday, 05/26/2011 3:05:19 PM

Thursday, May 26, 2011 3:05:19 PM

Post# of 31709
savy1, it looks like the computer that drives E*trade pro considers the ask to be that price which has the most shares offered, even if there is an offer below that price. I looked earlier and 3 MM's were at .05 with a total of 108K shares offered. But ETMM had 50K at .049. A trade went off at .049, clearly the ask, and e*trade marked it as a down tick. I see the last 3 trades...at the same .049 price, are marked with an uptick because the .049 price had the highest number of shares on the offer.

You are correct when a trade goes off at the ask it should be considered a buy.