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clawmann

12/30/09 6:33 AM

#204244 RE: Uhhhhdel #204208

Uhhhhdel, I have got to agree that it would appear to be impossible for a very small 5000 share limit buy order at .02 (only $100) to go off at .02 when the ask was 40%+ below that number.

Whenever I have put in a limit buy order above the ask (I have done this when purchasing a substantial number of shares and want it filled completely before others have the opportunity to raise their asks) the first fills I get are at the ask that was in place when I submitted the order.

So I don't see how a 5,000 share .02 buy order for this stock could possibly, in a normal world, go off at .02 when the ask was around .011.

Had to have been an MM trade. What were they doing? Trying to suck us in to buying at higher levels? Anyone know who was the MM on that trade? Was it NITE?

I have submitted the question to a guy I know who used to be in the MM business.