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Re: Deano361 post# 20679

Friday, 03/07/2014 11:50:27 AM

Friday, March 07, 2014 11:50:27 AM

Post# of 36804
Deano, while I agree that in many instances the MMs don't show their real size, I would disagree that 100 million shares is a "normal" size to hide. I have noticed that when a day order I've put in at .0001 expires that the order size is reduced accordingly. So my experience is that things are highly biased towards a lower bid size than actually exists.

I had to chuckle at Orangeman's statement that he would bail at .0001 if the bid size drops below 250 million shares. As you've stated, there could actually be a billion shares bid at .0001 that they're just not showing, although I doubt there are that many currently on the bid. HOWEVER, I do believe that there will be at least a billion shares bought at .0001 before it would go to no bid. So a word to the wise..... panic selling at .0001 may be a sucker bet.