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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?


To: Logistics who wrote (15469)5/7/1998 11:36:00 AM
From: musicguy  Read Replies (3) | Respond to of 34592
 
TSIG might be huge, and I believe it will, but it does me NO good if I cant buy a share...

I just got off the phone with NASDAQ customer complaints, and as I feared, there is nothing I can do.. there are basically NO rules for the MM's on BB stocks...

A MM does not have to display (fill) your limit order, he can buy or sell for himself and let yours go, and market orders , while guaranteeing a fill, must be placed in a "prompt" manner... so if I place a market order, it will fill today at 3:59 when the price is $3.. there is NO definition of prompt!

I'd like to know if there is a night course in MMing I can take, or if all i need is a mask to conceal my identity..

I cannot believe that this situation exists... I have had an order in at 19/32 since 9:45... the price was under .45.... it STILL has not filled (or of it has I have nt been told- they have 3 DAYS!! to let me know)

I may never play a BB again..

MG