When it was $.04 ask, I put in that price for 12,000 shares.
No fill for several minutes.
They then dropped the ask to $.039, and waited at least anouther 20 minutes leaving my order at $.04 ask price. Nothing.
They then dropped the ask to $.038, and I waited about another 15 minutes - nothing.
Then I dropped my price to $.039 for several minutes while it remained on the $.038 ask price. Nothing.
Then I dropped my price to $.038 for nearly 20 minutes while it remained on the $.038 ask price. A few other small orders were filling, not mine.
I put in an A/N order, not letting them sell more small lots. The A/N order may have been my problem.
Before that I put in an order for 20,000 at the $.04 price, which was the ask price and it didn't fill, A/N.
They dropped it to $.036, and I was about to drop my buy price to $.038. Before I COULD ... the order filled at $.036!
Go figure! Not complaining ... but I've never had anything happen like this in a long, long time.
I'm a novice at this, but I'm guessing some of the posters are right. Shorts trying to cover. Make sense?