GREY:CLLZF - Post by User
Comment by
Rebels65on Oct 29, 2014 11:26pm
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Post# 23075161
RE:RE:OMFG DO YOU BELIEVE THIS BS
RE:RE:OMFG DO YOU BELIEVE THIS BS
First of all latimer is an investment house so they pay little or no fees to do a trade.I`m comvinced Latimer does this for two reason. 1- Setting highs and lows with next to no shares traded screws up investment software that retailers use ( especiallly retailers with no level 2 ) by giving a distirted sense of SP direction. As a retailer if I have limited resources all I see is a close at the high or low of the day, I would see that the trade was only 10 shares or so, 2- I firmly believe latimer is trying to tick off retailers and discourage retail participation. Think about this, latimer pays nothing to make a trade, I pay 9.95..Now let`s say I make a bid for 10k shares and my bid comes up in lime at the end of the day. latimer puts in a sell order for 25 shares and my order gets a partial fill. So I just paid $9.95 to get 25 of 10000 shares. so next day if my order is still open I have to pay another 9.95 to get it filled.