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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Winix who wrote (26027)	2/15/2007 2:22:26 PM
From: Carl Worth	Respond to of 78749

if you use limit orders at the ask or below, i don't see how the market makers can steal pennies from you based on an expectation of paying the ask i never use market orders at any broker so i'm not sure if that is what you are doing, and they are giving you poor fills as a result i would suggest that if you are seeing a difference in the quality of fills in terms of trying to hit the ask with a market order, and what you get as a result, it may simply be that the american markets have much higher volume, and with penny pricing, the shares on the ask don't just sit there for minutes at a time, so whereas several hundred shares on the ask in brazil may be easy to buy, several hundred shares of a high volume stock on the ask in america may be gone before you can even click buy looking at my quotes screen right at the moment, almost every stock has a bid/ask spread of a penny...if you use a limit order to buy those stocks, there isn't much a market maker can do to take your money