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Re: gmcdonald34 post# 7702

Tuesday, 05/08/2012 10:23:18 AM

Tuesday, May 08, 2012 10:23:18 AM

Post# of 8575
That $0.22 was me trying an experiment

Earlier, I saw a bid for 10K @ $0.201 via MPID ETMM, and wanted to see what would happen if I put in a bid for $0.21, which was also routed via ETMM. Within 30 seconds of placing my bid, the other bidder raised theirs to $0.21.

I wanted to see if that 10K bid was being placed by a trading program, so I pulled my order and waited a minute to see if the remaining 10K would fall back to $0.201. When it didn't I placed the order at $0.22 to see if it would follow.

When it didn't after a couple of minutes, I pulled my order.

I don't have any buys or sell set at this time, though if we get more hits at $0.40, I might try to sell another 5K-6K.
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