Replies to post #273505 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[XV19]

that's why I'm asking.

now..granted...I usually don't watch L2 if I'm just playing...Could very well be that the ask gets tanked down to my offer price, then jacked back up.

[brute_force]

according to Brut, you can't buy on the bid...

Phish, ever hear of NASD Rule 2320? One CAN'T "buy on the bid". The "bid" is what the MM makes to YOU to BUY your shares. The MM on the bid has NO shares to offer you and can't take out the MM on best ask, even if he did, which he doesn't, which is why he is ON THE BID! ;0)
What Dave is saying is the ASK can be dropped to reel in suckers. Oh boy, if we still don't know one buys on best ask & one sells on best bid then the idea of discussing FANC is moot. There is not the knowledge base required to do so. Have a great day.

NASD Rule 2320(g)(2) requires a member that displays priced
quotations for the same non-exchange-listed security \6\ in two or more
quotation mediums \7\ that permit quotation updates on a real-time
basis to display the same priced quotation in each system. NASD
established this requirement because members that display differently
priced quotations in different quotation mediums for the same security
can be confusing and misleading to other market participants and, more
importantly, to public investors.\8\ Moreover, NASD believes that
requiring that members display consistently priced quotations in
multiple quotation mediums enhances the ability of other market
participants to ascertain the best inter-dealer market for a
security.