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Re: Chas1961 post# 637

Tuesday, 06/18/2013 6:41:41 PM

Tuesday, June 18, 2013 6:41:41 PM

Post# of 8449
The 10,000 share trade....

I don't fully understand, but I had an order in to sell 1,000 shares at $2.99. When I came home after the market closed I noted that my streamer showed a high of $3.025. When I checked to see if my trade went thru, it had not. I called Ameritrade and was told it was an exchange between two market makers to ensure liquidity for one of them. I asked why my $2.99 which was
3 1/2 cents cheaper wasn't executed, and was then given that explanation. He said that, that sometimes happens that they exchange shares to help each other out. I volunteered you mean manipulation to which he said no, it happens that way and is perfectly legal.
I don't understand why it had to go off so high when I think the bid/ask at that time was around 2.80/2.85..If they need liquidity why pay 20 cents higher?
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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