Uptick you are right about being on the radar, correct me if I'm wrong but I believe volume precedes increased PPS. I received several volume alerts and the tweets are adding up, going to get some new blood in the water. Also got some additional info on MAXM from my broker.
For those of you that have not had the opportunity to check out section 2.b of 6460
Rule 6460 -- Display of Customer Limit Orders
[/bb. Exceptions . The requirements in paragraph (a) of this section shall not apply to any customer limit order:
1. That is executed upon receipt of the order.
2. That is placed by a customer who expressly requests, either at the time that the order is placed or prior thereto pursuant to an individually negotiated agreement with respect to such customer?s orders, that the order not be displayed.
3. That is an odd-lot order.
4. That is a block size order, unless a customer placing such order requests that the order be displayed.
5. That is delivered immediately upon receipt to a national securities exchange or national securities association-sponsored system, or an electronic communications network that complies with the requirements of Rule 242.602(b)(5)(ii) with respect to that order.
6. That is delivered immediately upon receipt to another exchange member or OTC market maker that complies with the requirements of this section with respect to that order.
7. That is an ?all or none? order.
c. Exemptions. The Commission may exempt from the provisions of this section, either unconditionally or on specified terms and conditions, any responsible broker or dealer, electronic communications network, national securities exchange, or national securities association if the Commission determines that such exemption is consistent with the public interest, the protection of investors and the removal of impediments to and perfection of the mechanism of a national market system.
Adopted by SR-FINRA-2009-054 eff. May 9, 2011.
Selected Notice: 10-42.
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