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Re: Gsdubb post# 6243

Wednesday, 03/19/2014 11:53:28 AM

Wednesday, March 19, 2014 11:53:28 AM

Post# of 106844
No sweat. Info is good, more info is always better. This ain't our mom n pops stock market anymore- that much is for certain. It helps for people to understand who/what people like an "Asher" are, or how these private networks can be used, or what it might mean when you see some of these broker/dealer house name/symbols pop up on level II and how much power than can wield around (It wasn't that long ago- that the "little guys" weren't even allowed to see Level II, or you had to pay a small fortune to buy a subscription to get access to it- so at least we got that "fairness" and leveling of the playing field now). But remember, whatever we can see/know if trading actively- a firm like "Asher" or any pro-street firm has 100X the info and speed and access that a retail investor will ever have. Remember the day it went to .063 faster than people could blink? That had to be, in my opinion, one of these big boy firms "cleaning house" or doing whatever it is they do- and the little guys were standing there essentially blind as that "flash crash" happened in minutes. That's a lot of power when they can drop a stock so hard, so fast and no one knows were they short, or selling for someone- or what the heck happened. If we had the same info and speed they had- we'd have all bought that bottom and gone long in a blink- but it's hard to even get orders to fill sometimes when it's moving so fast- you'll see that complaint pointed out here a lot of the time. How people put up an order and these brutal broker/dealers just sit on it, until they can get you up or down to the price and "spread" they want to "make their cut"- it's a brutal game they play. Companies don't get in bed with um cause they're nice guys- it's just that sometimes you gotta do what ya gotta do as times are tough. Good luck.