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Re: casios01 post# 5085

Thursday, 07/28/2011 9:53:38 AM

Thursday, July 28, 2011 9:53:38 AM

Post# of 26482
TDAmeritrade pulls all Bid/Ask from their MM’s Book at close of business each day even if the orders are GTC.
Scottrade leaves all Bid/Ask on the Book that are GTC.
That is one of the reasons why you can see a major Bid/Ask fluctuations at open.
The Bids and Asks were there but pending opening bell.
I have a standing Sell order for 1 million shares at double the closing bell highest Bid or 150% of the closing bell Ask; whichever is greater.

Once I thought I was wrong; but I was mistaken.