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HokieHead

10/07/09 12:03 PM

#901 RE: zaida #900

Probably was not a large fill? MM's playing games here imo but nice buy.

ArtieB

10/07/09 12:05 PM

#902 RE: zaida #900

This happened to me yesterday as well.

jibberjabber

10/07/09 12:13 PM

#903 RE: zaida #900

I understand wanting to support your investment. However, getting filled @ .093 was a good thing for you. You saved yourself some money. .007 adds up big time. That is how you want to invest.

Now, the reason, it got filled between the bid and the ask. someone placed an order to sell between the bid and the ask and you, you, you were the lucky one to get filled @ .093. Some MMs would have swooped in and picked up that order @ .093 and turned around and immediately sold it to you for .10. That is where we as retail get the wool pooled over our eyes. If we have a sell out there between the bid and ask, it should show up, but only the MMs see it. The same with bids. MMs have to make some money somehow and that is usally how they make money, playing the spreads.

I hope it makes sense. That is my take on it.