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Post by caveman on Nov 6, 2008 13:11:06 GMT -5
ok so i was playing around and i put in an order i think that one was around .40 for 100 shares and it didn't fill so i think i changed it to 500 shares then i got a message pop up on my screen saying "Market maker protection is in progress" and then my order disapeared (cancelled). I waited a minute and then tried a similar order again and got filled. like whhaat does "market maker protection is in progress" mean?
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Post by murph66 on Nov 6, 2008 13:50:01 GMT -5
The Market Maker Protection Tool is aimed at preventing too many simultaneous trade executions on quotes. So it is basically a counter and there were too many trades input simultaneously.
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Post by caveman on Nov 6, 2008 14:01:22 GMT -5
thanks murph. something else interesting is i tried to buy enough shares to take out the .39 ask because there wasn't very many there and the next ask is .45 and then .60 well the second my order was filled there were more shares added to the .39 ask is this timing or market makers keeping the price from rocketing?
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Post by murph66 on Nov 6, 2008 15:27:00 GMT -5
That is just timing. All that the market maker program does is slow down the placement of orders in order to prevent duplicates from being entered or orders from being mistakenly filled twice, that's all. An investment house must be keeping a close eye on it because the price will probably drop a few cents before it comes back up and they are trying to make a little bit of a profit. We are all long holders so we are not too interested in the games.
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