Imagine a stock is priced on level2 as such;;....
abcd 9 1/2 zyas 10
xyas 9 sdfdf 11
poer 8 tsdf 12
Now, you are firm abcd,...you want stock...you are bidding 9 1/2. Thenext firm is 9.....you say to yourself, hey, lets drop the thing to 9 1/16.....we stillhave priority, we can always come back to 9 1/2...and in dropping it, we might setup stops and stop limits anywhere from 9 1/2 to 9 1/8.....
Now you take in stock at 9 1/16, 9 1/8...fill your coffers, then pop up to 9 1/2 again.
The question to ask, is..."if I give my firm a OTCstop order, does it become live once the stock's bidprice falls to my level or prints at my level.".
In the example above, the stock could fall to 9 1/16....noone sells there because its too low........after getting border and seeing it didn't work the firm goes back to 9 1/2....if you need a print at 9 1/8, your limit, this gimmick won't work. I would specific that the stock print at your stop before they take you out. That way,you arent the first print at that pricing, establishing the new low.
Regards,
Steve@yamner.com |
