Replies to post #248553 on Plastic2Oil Inc (PTOI)

[arvitar]

there was a long who snagged 50,000 shares @ 31c

More accurately, there was an anonymous person on the internet who made an unverifiable claim about doing such.

Ho hum.


GOOD GRIEF!!! Don't believe everything you read on the internet!


*snort*





SPLAT

[the big guy]

Enlighten me... and I am not a lvl 2 trader...

how does anybody maintain Control by being best on the Bid and Ask?

If I want shares I beat the Bid... or go somewhere in between... and that moves the bid up.

If the MM snaps up my new Bid to maintain Control, that would imply that they take all the shares at that price, and hence the Bid remains where it was (at the lower price, before I put my bid in).

So they have Control, but they just lost money. The same argument can be nmade at the other end of the spread.

Last time I looked, most MMs were doing OK.

This is not even a complicated arbitrage argument, it is just common sense.

[fourkids_9pets]

JBII >> 11.6.13


20131106|JBII|32534|0|115051|O 28.27%

JBII >> trades >> 11.6.13 (Wednesday)

spot the obvious .. and my apologies if i missed anyone's buy

 $0.31 500 OTO 15:53:01 
  
 $0.305 385 OTO 15:35:18 
  
 $0.30 385 OTO 15:35:09 
 $0.30 1,500 OTO 15:35:06  
  
 $0.305 5,000 OTO 15:35:05 ** long's buy  
  
 $0.31 500 OTO 15:22:24 
 $0.31 500 OTO 15:22:18 
  
 $0.309 1,784 OTO 15:07:46 
 $0.309 300 OTO 15:07:41 
  
 $0.305 100 OTO 15:07:41 
  
 $0.309 300 OTO 15:07:40 
  
 $0.305 300 OTO 15:07:40 
  
 $0.305 300 OTO 15:07:38 
  
 $0.309 300 OTO 15:07:38 
  
 $0.309 300 OTO 15:07:34 
  
 $0.305 300 OTO 15:07:34 
  
 $0.309 300 OTO 15:07:29 
  
 $0.305 300 OTO 15:07:29 
  
 $0.309 300 OTO 15:07:05 
  
 $0.305 300 OTO 15:07:05 
  
 $0.309 300 OTO 15:07:03 long's buy  
  
 $0.309 2,789 OTO 13:57:17 
 $0.309 2,200 OTO 13:48:40 
  
 $0.309 2,700 OTO 13:37:06 
  
 $0.30 8,000 OTO 13:32:06 
 $0.30 165 OTO 13:26:49 
  
 $0.309 100 OTO 12:31:55 
  
 $0.3001 2,000 OTO 12:02:16 
  
 $0.309 300 OTO 11:37:17 
  
 $0.3001 3,500 OTO 11:22:10 
  
 $0.305 4,500 OTO 11:21:10 
 $0.305 2,000 OTO 11:14:26 
 $0.305 3,000 OTO 10:58:58 
  
 $0.309 2,509 OTO 10:51:55 ** long's buy  
 $0.309 600 OTO 10:40:44 
 $0.309 7,000 OTO 10:35:35 
 $0.309 3,125 OTO 10:16:25 
  
 $0.305 100 OTO 10:03:44 
  
 $0.309 1,000 OTO 09:48:15 
  
 $0.315 2,500 OTO 09:47:34 
  
 $0.32 15,325 OTO 09:47:24 
 $0.32 1,800 OTO 09:46:58 
  
 $0.315 4,200 OTO 09:46:12 
 $0.315 7,500 OTO 09:46:00 
 $0.315 7,000 OTO 09:45:57 
 $0.315 6,884 OTO 09:39:23 
  
 $0.31 5,000 OTO 09:37:49 
 $0.31 900 OTO 09:35:06 
 $0.31 1,600 OTO 09:30:24 
  
 $0.309 2,500 OTO 09:30:23

===
4kids
all jmo