Is this fair? Is it common? I want to know.

Biggest size goes first.

 

You can be "sized out" by the rules, and/or left out of a previous order filled at a different price....any stock that trades that little may have left over orders from an hour or a week ago.

The rule is simply that you cannot be "traded through" your price.

Don

 

and we all know, the rules are followed at all times. /sarcasm

 

From the STC Series 7 study manual:

"According to NYSE rules, specialists may never compete with public orders. They can bid higher or offer lower to reduce the spread between a bid and ask on a stock."


Yeah, I was laughing when I read this too.

 

Specialists are acting like the hurt animals they are, they cannot survive, and they know it. Until they're gone, I'd rather trade naz.

 

you put it well. I don't know how long they will be able to carry it off, or what they will morph themselves into. But scared animal is a fitting image I think.

 

i prefer to be in control of my orders at all time.

 

that is most definitely an <i>edge.</i>

 

Sort of like this...

<a href ="http://www.geocities.com/wolfpies/animaltopics/animalsymbol.html">
<img src= "http://www.geocities.com/wolfpies/animaltopics/Cowfunny.mpeg" dynsrc="http://www.geocities.com/wolfpies/animaltopics/Cowfunny.mpeg" loopdelay="9" controls loop="infinite">

</a>

 

You might have to click the box and then hit the "back" button.

OK, I'm sorry, specialists. It's a joke. And, I'm sorry too, cows.