Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: Jonathan Brown who wrote (5314)	12/9/1997 2:57:00 PM
From: Que	Read Replies (1) of 10368

(revised/edited) JB, you didn't specify bids and asks so I don't fully understand your question... so i'll make up one of my own. lets say the board looks like this MM Bid Volume MM Ask Volume ISLD 5 7/8 500 NITE 6 300 MASH 5 7/8 300 HRZG 6 1/16 1000 WEIN 5 13/16 100 MASH 6 1/16 500 NITE 5 3/4 400 SHWD 6 1/8 1200 NFSC 5 3/4 200 WEIN 6 1/8 500 etc... etc... Now lets say you have a stop on 2,000 shares at 5 3/4. To throw the stop, an enterprising MM would, in quick succession, sell 500 @ 5 7/8 to fill the ISLD bid, 300 @ 5 7/8 to MASH, 100 @ 5 13/16 to WEIN. Then the bid is at 5 3/4 - to get the price to 5 3/4 he would need to sell some shares to either NITE or NFSC, say 100 shares @ 5 3/4 to NITE. Your shares would then become available and he would try to snap up as many of them as he could. If he was your broker he could get all 2,000, if your broker clears through the ISLD (like Datek, I beleive the shares would be equally available to all comers. Unless other MMs were asleep at the wheel he would have to move very fast - otherwise they would put more bids in his way so they could get cheap shares off him as he tries to knock out the bids. This is my understanding of how this works. If I am in error somebody please inform me. live long and prosper

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