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Re: ezey post# 119976

Friday, 07/15/2011 7:18:40 PM

Friday, July 15, 2011 7:18:40 PM

Post# of 312015
The reason I ask is because at 3:52 I placed an order to buy 5000 shares at the ask at 1.97. I chased the ask all the way up to 2.03 with two minutes left of trading before I gave up. I wasn't sure if others came in to buy at the same time I did and we were competing for shares, or if the MM's were covering their short positions with the shares at the ask before filling retail orders.

Sure is "funny" how sometimes you can pile in for thousands of shares at the ask and see the MM's actually drop the price afterward, but then other times they seemingly run away from a 5000 share order.