RE: Well, however you look at it - a more cautious look
posted on
Jan 05, 2005 06:37PM
 
I am afraid that contrary to others opionions,  the PPS action of the last few days worries me, perhaps needlessly, that something not so good is going on.  I have never, in all the purchases I have made thru the years, had a 10,000 share order fill at the bid so quickly.  In fact, the only time I have ever gotten filled at the bid was when the bid dropped and I was now above the bid on my limit order.  There is just something that doesn`t feel right.  Why would the same market maker be on the best bid and the best ask?  You don`t often, if ever see that.  I hope my worry is unfounded, after all I did buy more, but the ease with which my order was filled makes me wonder.  How the spread could stay so tight thru so many shares traded mystifies me.
Jay