Tom, this has been exactly my experience as well with HZRG.
so much so that I don't even really expect to get a fill unless hzrg is on the bid when I'm trying to sell, or on the ask when I'm trying to buy... so I can't buy at the bottom, or sell at the top, because hzrg simply won't fill the order. I've been having to send in multiple buys or sells, at varying limit prices hoping to get an execution on something. Sometimes I make trades I don't really want to make, either selling too soon, or buying too late, just cause hrzg is momentarily on the respective bid or ask, and I can potentially get an execution. Now I'm refocusing on NAZ trades mostly due to these problems..
I see tons of other OTC BB orders filling at prices I can't either buy or sell at, due to no fills thru hrzg.. that is, not being able to buy one moving up, or sell one moving down. There must be some authority appropriate for scrutinizing this market makers trading patterns. If I have a sell order pending even with a limit well below many market makers bids, hrzg often won't fill the sell until the stock shows some kind of upward movement or buying volume.. pretty amazing. |
