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Message: RE: imo...

RE: imo...

posted on Jan 13, 2005 07:42AM
Sorry Paul, but DABOSS is right. And the two online brokers I use accept market orders for EDIG, though I`ve never done it (having seen MMs play it to the hilt in a fairly obvious fashion, upping the PPS with a bunch of 100 share trades, filling a big order, then dropping it back down immediately, or more blatantly with the buy going through way higher than the current ask.). If I recall correctly, Moxa uses market orders to buy EDIG to get a fast execution.

Having read all the speculation this morning, IMO what`s going on is that FLCR got their desired ``core quantity`` (with their seeming total control of the market for this security) and are now assuming a little more risk, which is now offset by a better price. FLCR is still in play and at the current bid (with their ask - a head fake IMO - of .335 still in place). They haven`t ``gone away`` yet. As for their ``picking the bottom`` difficulty; gee, I`ve never had that problem - the bottom is where the PPS goes right after I execute a buy! And why is FLCR willing to assume a little more risk today? Maybe they were expecting an EDIG Thursday that didn`t come, and suspect (as most of US would) that any news in the offing won`t come till next Tuesday at the earliest. I suspect they backed off a little yesterday afternoon, thinking maybe they were ``done``, let chips fall, and are now back in the game (but without the apparent control they enjoyed before).

But, I KNOW nuttin`!

SGE

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