GREY:GPLDF - Post by User
Comment by
mrpiggy5on Nov 02, 2006 6:37pm
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Post# 11606813
RE: funny day for gpr
RE: funny day for gpriceburg orders are LARGE orders that only show a small percentage of the shares that are in the sell or buy order . ie a sell order could be for 600,000 shares at $2.00 ( that would spook the market) so 3000 show up on the ask...as soon as most of them are gone the "ask" is refilled to make up the difference.
The advantage of this is that the seller holds his place in line for all 600,000 shares because its all one order and date stamped the same.
It can work the same for a buy order , but that is not what RBC was doing today.
TSE introduced this option a couple of years ago, its called ICEBURG ORDER because like the real thing it' 95% is unseen .
HOPE this helps
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V 2006-11-02 13:45:35 1.98 -0.01 500 2 RBC 33 Canaccord K
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