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PCM Fund, Inc. Common Stock Message Board

  • blockfrom3062 blockfrom3062 Jun 4, 2013 12:34 PM Flag

    Games being played you can see on level 2 screen

    PCM always has an ask for a 100 share lot 1 or 2 cents below what is probably the real ask price. This seems to be a way to keep sales prices down a little? Sellers might be inclined to set their limit prices below this price thereby giving the market buyer a lower price. This would be effective for a market maker looking to purchase at a couple of cents below what he should be purchasing at. I'm sure this is done for many stocks, but for PCM it seems to be done all the time.

 
PCM
9.59-0.01(-0.10%)10:16 AMEDT