EE PatronJan 7th 2014, 17:31:42
I think there is a preference for SO's at exactly the right price because my SO's at $21 got filled and the one at $25 that sat there for a long time didn't. I don't know if its true, its a hypothesis based on what I saw with my SO's.
and Xinhuan, B&C were mine. I was testing what I thought was a bug; I thought there might be some maximum to which it would fill an SO at that point so I set SO's at 1 & 2m (at $21), plus one for $25 that didn't get filled.
Later, when I got the 3.3m barrel SO filled I realized that there was a maximum total amount being sold each time, that that amount varied, and that it was unrelated to the SO's in place even though nothing ever hit the public market.
and Xinhuan, B&C were mine. I was testing what I thought was a bug; I thought there might be some maximum to which it would fill an SO at that point so I set SO's at 1 & 2m (at $21), plus one for $25 that didn't get filled.
Later, when I got the 3.3m barrel SO filled I realized that there was a maximum total amount being sold each time, that that amount varied, and that it was unrelated to the SO's in place even though nothing ever hit the public market.