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utmostbastard

11/19/07 2:28 PM

#34754 RE: moneytalksbswalks #34753

Yeah man... MM's got rocked when Syed bought all those shares.

Non-Retail MM's would be the first to gutter this down to .0001 on the ask to kill it.

This thing is a powder keg. I couldn't imagine not owning some .0001's to see what happens.
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mAjOr dAmAgE

11/19/07 2:42 PM

#34757 RE: moneytalksbswalks #34753

Alot of mm games with it, I agree. My associates couldn't buy at .0002 over a million, reduced it to 500k and .0001, and got filled by NITE.

Once I receive permission from my other clients, we'll test it with some other mms and brokers.


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mAjOr dAmAgE

11/19/07 3:10 PM

#34763 RE: moneytalksbswalks #34753

My clients have two orders in, one routed to HDSN and the other to NITE, both for 999999 shares via Track Data. I don't have level IIs on right now, so let me know if you see them.

I do note that Track's quoting, 15 min. delay, showed the bid at .0001 before we placed orders.

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moneytalksbswalks

11/22/07 9:52 PM

#35004 RE: moneytalksbswalks #34753

I still have not got filled on my test bid of 500k at .0001. The order was submitted on 11/19 at 1:20pm.

Why would the MM's hide the bid or not fill it for that matter