@zukaus, It was my understanding that the Phase II price is made off of the average of all the bids places, with weight given to the larger bids over smaller bids, so if you place a 1000 share order at 25 and someone else puts a 10 share order at 35 your order will weight more heavily on the price than theirs will.
In general I find the pay off is not worth tying up my money for that long, so I wait for phase II to roll around before I take positions on stocks.
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It was my understanding that the Phase II price is made off of the average of all the bids places, with weight given to the larger bids over smaller bids, so if you place a 1000 share order at 25 and someone else puts a 10 share order at 35 your order will weight more heavily on the price than theirs will.
In general I find the pay off is not worth tying up my money for that long, so I wait for phase II to roll around before I take positions on stocks.