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Re: first mike post# 23544

Thursday, 06/09/2011 9:20:21 PM

Thursday, June 09, 2011 9:20:21 PM

Post# of 294069
Yet another way to make a charitable contribution to the market maker!

Set a trade trigger to sell @ $1 for one share to trigger a buy 101 shares at $0.90.

Your friendly market maker sees that as he/she sees all trade trigger orders.

So while it's trading at $.30 he has a buddy enter a "decimal error" buy at $1 which takes your sell and then when your buy @ $0.90 is triggered he sells you shares at $0.90 for a quick 200% profit.

Oh well, at least you get a tax deduction out of it.

Did you not notice the trade at $0.027 yesterday, nor how after that executed how the market maker cleaned out a lot of stop losses all the way back up? How very convenient that "decimal error" was for the market maker!
Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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