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Re: JDLewis post# 46551

Thursday, 11/24/2011 7:19:56 AM

Thursday, November 24, 2011 7:19:56 AM

Post# of 95214
TD AMeritrade,
From previous efforts to support the bid I figured out you need more than a 5000 lot bid. They would sell you 500 or less shares , knock you off the bid and then drop it to where they want it.
So I went with 6000 lot @.46, and they chipped away at that, enough to get me off the bid and dropped it to .42 again. So I added back to a 5500 lot at .46.
That .42 .52 spread is just ugly!

Just trying to stabilize the bid, and if I fail, I do get some cheapies thrown my way. It works much better than putting a bid in for 2500 shares @.44, they will still blow right past you and fill a 200 lot order for .42.

So I support the bid, and when the MM's have enough of me supporting the bid they throw some cheapies my way.