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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: Charles J. Wajciechowski who wrote (14609)2/22/2000 7:34:00 PM
From: Carl Worth  Read Replies (2) of 59879
 
Charles-

I own the same stock (can tell by the prices you cite) so I am a little familiar with what happened but as a general rule, there are no rules in BB stocks. The MM's have 30 minutes to fill a market order and the size of the so called bid and ask are basically irrelevant. I have found that with Brown I normally get filled right away at the bid or ask when I put in a market order (see the trade go through on E-signal) but every now and then I get a squirrelly fill and I usually stay away from that stock from then on or if I play it again I use a limit order to protect my rear end. Brown is good about getting bad fills corrected for the most part whereas NDB basically tells you you are out of luck because of the weird BB market and they won't go to bat for you one iota to help you on a bad fill.

Anyway, the BB market is red hot right now and there is tons of money to be made but you have to step lively in the minefield as they've got the traps set for unwary traders.

By the way, your order in a BB stock would never be represented in the spread as they don't have the same rules about showing your bid or offer as the Nasdaq has. Just another inefficiency of the BB market vs. Nasdaq or even Amex where I've put in orders and seen them represented on the bid or ask.

Carl
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