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Re: None

Wednesday, 02/22/2012 11:02:38 AM

Wednesday, February 22, 2012 11:02:38 AM

Post# of 37818
Regarding the whacks and paints, no disrespect meant, but I think people are loosing perspective here. Both whacks and paints serve a purpose, the 2000 share to .0021 enables the MM's to more easily fill the bid order sitting out at .0021. That whack could either be made by the MM or person with the bid order themselves. The paints as they are called, #1 drive the PPS and also benefit the charts. Remember, if no one painted or bought at the ask, stocks would go no where.

I'm not upset that someone is trying to get 500,000 shares @.0021, because my guess is its a long and will hold those shares. Now if this was flippable, which it's not right now, I'd say don't let them pickup those cheaper shares, only because we wouldn't want the flippers taking control.

Yesterday EOD paint for 10,000 (not 500) shares brought the close up 3 ticks, the MM's allowed this, don't think for a second they didn't know it would happen. I really don't care if this drops during the trading day so other can pickup shares on the bid, it's where we close that matters more.

"The cynic knows the price of everything, but the value of nothing"