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Re: yaadmon post# 9511

Friday, 07/15/2011 11:58:12 AM

Friday, July 15, 2011 11:58:12 AM

Post# of 32960
Can someone explain why is this

I can, when you sold, there were orders sitting at .018 and .0185 bid/ask. When you slapped the bid, this is what probably happened. An order to buy most likely came in at .0183 about the same time as your sell order and even though the size of the .0183 bid was almost assuredly different than yours, the M&M made up the difference which could have been larger or smaller than your order, but probably larger. What was left of the .0183 buy order was then sold by that M&M at .0185 which immediately followed your .0183 order.

As I stated in a previous post, the big order is being chipped away at and now is gone. Based on the chart and volume last few days, your reasoning to sell was flawed and you made an error that many inexperienced traders make. This stock has stabilized and is trending up on steadily increasing volume.