Yesterday from my post:
Re: Those creeps! They didn't fill my order at $1.75
Posted by: Edgy on February 13, 2008 01:09PM
Time Bid Lots Bid Ask Ask Lots Last Trade Change Volume High Low
10:58 15 1.77 1.78 3 1.78 0.01 46,500 1.80 1.76 My bid
11:00 15 1.77 1.79 64 1.78 0.01 46,500
11:02 15 1.77 1.79 64 1.78 0.01 46,500
11:04 15 1.77 1.78 20 1.78 0.01 46,500
11:05 68 1.76 1.77 21 1.77 0.02 48,000 My buy
As I placed my bid, three lots were pulled from the next Ask position just seconds afterwards. It was an obvious attempt not to lose them to me should I decided to chase and served as a block from larger sized Asks. I think it is evidence of what you both said. Alone it means next to nothing but I have seen it so many times and yesterday spent most of the morning playing cat and mouse with those small lot offers.
Anyways I get a thrill when I manage to swipe a few of those offers.
Cheers.