Well I must confess that I saw the very same thing today. Put in a 25K order limit at .16. Yes I was the guy this morning who got 5K at .15 :0) Anyways, then it jacked up. Changed the order at 9:40 with a limit at .22. Waited at least 45 minutes through much lower levels and it wasn't until we went from 37,500 to something like 173,000 that I got filled. And yes I was also the guy who got shares at .20 :o)
Please notice I'm still smiling. Heck, .20 ain't going to be nothing in a month or so.
Anyway, I saw some awful slow filling today. Unfortunately, I can't see BB stocks on my level II, but I'm guessing one guy was low on the ask and the rest were up in the .20's. One guy was getting all the action and slowing the muck down. Interesting enough, if you slow it down enough, people will look at it like, hey, it ain't moving . . . I'm not going to mess with it. Or it ain't moving something else must be up.
To substantuate my theory: I was utilizing my NDB account who gives priority for it's orders to Sherwood who is a MM on LONE. If Sherwood was anywhere near my price I would have had immediate execution. Additionally, I have gotten immediate execution before.
I like the volume today. Personally I'd perfer a slow rise over a month rather than a huge jump. With the huge jump you bring in the daytraders and honestly, I hate competing with daytraders because it does nothing but mess up the stock price. Don't know if it was more or less than the other release. To me it really doesn't matter. The recovery plan was the future . . . this release let us out of jail so we can have a future.
Fair enough?
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