InvestorsHub Logo
icon url

uncommoncents

09/24/09 3:41 PM

#34952 RE: Gwinner #34950

you have to question them...

if not, they won't answer you

lol
icon url

Dan Sz

09/24/09 3:51 PM

#34953 RE: Gwinner #34950

F.Y.I Here's how these MM's work on IDGI. We saw the Ask at .006 and our Bid at .0058 moments ago. (Thanks Bid sitters for the upping.)

If you have orders in for a lower price, they'll move and jump it back down the first chance they get. IE: The Bid sitters order was filled.

So the question you have to ask is yourself is, do I want the price to go down?

If that answer is no, you should than cancel that lower price order after the Bid surpasses it. Than the MM have no reason to lower the prices.

We were sucessful on the run up to .02 when we constantly kept the bid at a .0005 margin below the Ask. IE: Ask .007, Bid at .0065. Except EOD last couple minutes, we parked it .0001 less, IE: .007 Ask, Bid .0069.

I hope this answers your questions. Thus it helps when we all talk openly on here so we can work as a team and get positive results.

Thanks Team Inca.

Dan Sz