TSX:CSH.UN - Post by User
Comment by
dildonmeon Apr 10, 2009 10:18am
292 Views
Post# 15910259
RE: RE: NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RE: RE: NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Market depth on this stock means nothing. if there is a market order the MM can see it coming before you and I can and he puts his order in accordingly to fill it at his price. You can have your stock up for sale say to pick a number $4.80 and he will fill the market order at 4.79 or if it is a sale say at 4.80 he will fill the market order at 4.81 now let say you put in a buy at 4.80 and a market order to sell comes in. what happens?
Well if he sees that after your bid there is another large gap he will promptly wheel down the bid so that your shows and then will short the stock to you only to place a bid much lower to buy the market sell order and viola a tidy profit for him and your lucky if the next ask is at your price.
Of course if a market buy order comes in the above scenario is done in reverse how else do you see the bid/ask spreads you see. The stock trades by appointment only and thus he can do this at his peril everyday. The best laughable trade is the 4:10pm.
When someone asks me where is CSH going to close at say 5 minutes to 4 I laugh and say.."just wait 15 minutes I'll tell you"..lol.....
make use of that link below it's your company.