SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Copia who wrote (21840)3/15/2000 10:04:00 AM
From: Dave Gore  Read Replies (2) of 25711
 
Market Maker Slowdown Tactics/Ways to Get Your Limit Order Through More Quickly

Have anyone of you seen this trend? MM's are not filling orders very quickly or at all on many OTC/BB stocks, especially at the open, but also during the trading day. Locked bid and asks are also becoming more common (i.e. bid and ask the same which means that no trading will occur). Either they are short and overwhelmed (temporarily) by buying, they are trying to "hide" momentum, or they are trying to panic people out of shares with their (temporary) inactivity so they can pick up cheap shares. What they really want are Market order buys and sells of course.

I have even seen great news come out on stocks at the open, only to see the MM's process only a few sell orders. I saw this with FVSN, in particular a couple weeks ago when it was at 68 cents or so (only to hit $1.50 a week or two later).
Sometime 2-3 hours go by and then all of a sudden massive amounts of buy orders are finally filled.

Just be aware. MM's are getting caught a bit lately and may not fill orders for a long time.

If anybody else has any other observations, by all means share.

IF YOUR LIMIT BUY ORDER IS NOT FILLING:
Call your broker and ask them to route your order through another Market Maker. Many will do this. Most use Knight and he has not been getting orders through very well the last few weeks, at least of some stocks. This strategy works! I've used it several times. SPREAD THE WORD!

Just my observations, FWIW
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News