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jaxstraw

03/29/12 10:28 AM

#70 RE: Superfly15 #68

Yup. With a spread like that you bid sit and hope for some capitulation on either the AXE or a fill at the bid.

Although with this SS the overhang will decrease with every buy fast.

Shares become tighter much faster.

It's hard for this to be a trader or flipper for the same reasons.

Tronox was a great example. The PPS would leap in jumps of .04 to .10 as time went on in the case.

This reminds me of that.