I almost always use market orders. The only time I use limit orders is when I'm trying to catch a large block. I got 2k at 14 flat (low of day) by using at 14.01 limit order. That way he has to fill me. When something is making a move, you have to use market orders. Cause you want in fast. Saving nickles has never been my style.
As for the 100k thing, he was very long, and trying to move it up to sell. So he bid .25 for 100k and opened the offer to .4. He was immediately hit, so he went 100k offer, and tried to dump them. He did this 3 times. The third time, he wasn't hit for the 100k bid. He then went 50k bid at .3. He wasn't hit. He then did 100k at .35, wasn't hit. It sat there like 5 mins, and people too the offer all the way to .49. Then he just swept all the offers all the way to 15.1 when the first size offer appeared. You definately need a l2 screen to see the specialist and read him.
