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RyanTH

09/07/11 11:22 PM

#173200 RE: JP1980 #173199

I can only guess that some of the 504 goes through through Fidelity and they are able to sell large blocks directly instead of flooding other MMs and hitting the bid. I saw this before when I had large blocks last year. I would get filled very quickly...as soon as they see large bids, they like to fill them. I have more at 7 if they want to hit those too. I think generally speaking though..it depends on what MM your orders go through and then at a certain level whomever gets there first in line gets the first crack. So if your MM moves around a lot, by being active with other orders, you may not be as lucky to get bid orders. Lots of factors at play here - and Im sure there are other explanations.

Bottom line though - I am willing to take the risk on WNBD and it will not kill my current cash flow or future retirement if it fails, but will quite worth it if they make it big.