Copy of a post by me on iHub to a long who was ask
Post# of 1674
Posted On: 06/08/2016 2:56:10 PM
Copy of a post by me on iHub to a long who was asking my opinion on whether he might get a bid placed 10 days ago filled at .0003.
It depends which MM accepted your buy order from your broker and where you are in their queue - although at present the visible bid from each isn't too different - 1 x 10M and 2 x 7M.
There are also relatively large All Or Nothing (AON) orders of 5M+. On days when the convertible debt seller wants to meet his quota and does some larger sells 6M or 7M, some of those get filled without detracting from the visible bid. This happened on May 31 on the 67M trade day.
It also depends which MM on the bid decides to accept a particular sell order.
If you've been in the queue for 10 days, you might be lucky.
I placed a few more "flipper denial orders" after my initial batch from May 2 and May 17 filled and they have since filled - but they were with a MM who is not currently visible at .0003.
It depends which MM accepted your buy order from your broker and where you are in their queue - although at present the visible bid from each isn't too different - 1 x 10M and 2 x 7M.
There are also relatively large All Or Nothing (AON) orders of 5M+. On days when the convertible debt seller wants to meet his quota and does some larger sells 6M or 7M, some of those get filled without detracting from the visible bid. This happened on May 31 on the 67M trade day.
It also depends which MM on the bid decides to accept a particular sell order.
If you've been in the queue for 10 days, you might be lucky.
I placed a few more "flipper denial orders" after my initial batch from May 2 and May 17 filled and they have since filled - but they were with a MM who is not currently visible at .0003.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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