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Re: Lonewolf1 post# 704

Tuesday, 01/01/2013 5:59:08 PM

Tuesday, January 01, 2013 5:59:08 PM

Post# of 13200
"Level 2 does not show the real picture even though the buying pressure forces them to show higher prices."

That's not the way it works. Actual bids and offers from real live people will be displayed when they equal or exceed the minimum order size to be displayed.

"There was 32,555 shares offered at .0047 but when I bought 5K at that price L2 still showed the same number of shares offered - not likely."

There are several perfectly fine explanations for this. One possibility is that your own brokerage, or the market maker it deals with, filled the order itself (sold the shares short to you) without going into the market and then went on the bid to cover. We are not talking about a lot of money, after all. It is also possible that someone had an "all or none" order in to sell 5,000 shares -- AON orders are not displayed publicly.

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