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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5 -- Ignore unavailable to you. Want to Upgrade?

To: elmstreet who wrote (71130)	1/30/2008 4:08:48 PM
From: rogerover	Read Replies (1) \| Respond to of 120415

My pleasure. I NEVER use all-or-none orders on thinly traded stocks, because that forces an MM to go out on a limb by filling your entire order without knowing whether he will be able to assemble a series of orders on the other side of the trade. Often, the order just sits there if the MM has other things to occupy himself. Of course, there's no point whatsoever in saying "all or none" for a more liquid stock. The whole thing is going to get filled, anyway, whether in one piece or multiple pieces. In all cases, on the BB or the Pinks, you MUST take care in choosing a limit price. I can't quite figure out why the MM took your entire 8150 EROX rather than just the first 2500, unless he just figured that he had to buy the 2500 anyway, so what the hell. You can see on the tape that 2500 was journaled over to a buyer later -- obviously that was a guy who had put in an order to buy 2500 at .63, which was the reason the MM was bidding at that price in the first place. And now he's willing to unload the remaining 5650 shares at breakeven, just to make the commission on his next trade (and keeping your brokerage firm happy with his service may very well have been a factor).