Query ordering question

I'm interested in sorting my query by time descending, with the
highest percent by latest time shown first, and then every other
record associated with column name sorted by time descending,
following the first record. Does that make sense?

The first query is the best I've come up with. The second, is how I'd
like it took.

Any suggestions?

Thanks in advance.

db=# SELECT name,date,percent,price,time,amount FROM name WHERE amount
>= '1000000' AND date='$today' ORDER BY percent DESC;

 name |    date     | percent        |  price  |   time   |  amount
--------+------------+----------------+---------+----------+----------
 BOB   | 2012-07-02 |          63.77 |    8.86 | 14:59:00 | 26975372
 BOB   | 2012-07-02 |          63.77 |    8.86 | 15:01:00 | 27001372
 BOB   | 2012-07-02 |          64.06 |  8.8755 | 15:04:00 | 27145552
 BOB   | 2012-07-02 |          63.77 |    8.86 | 14:57:00 | 26946338
 GIL   | 2012-07-02 |          38.72 |  0.6789 | 14:55:00 |  1012880
 GIL   | 2012-07-02 |          38.74 |   0.679 | 14:59:00 |  1026190
 GIL   | 2012-07-02 |          38.74 |   0.679 | 14:57:00 |  1017480
 GIL   | 2012-07-02 |          38.95 |    0.68 | 15:01:00 |  1027590
 BUB   | 2012-07-02 |           22.8 |  4.1262 | 14:57:00 |  7300694
 BUB   | 2012-07-02 |          22.02 |     4.1 | 14:59:00 |  7346968
 BUB   | 2012-07-02 |          22.47 |   4.115 | 15:01:00 |  7371456
 BUB   | 2012-07-02 |          22.02 |     4.1 | 15:04:00 |  7406511
 BUB   | 2012-07-02 |          23.84 |  4.1611 | 14:55:00 |  7221402
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:02:00 | 71965920
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:05:00 | 71986544
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:00:00 | 71943280
 SAL   | 2012-07-02 |          21.52 |   41.34 | 14:55:00 | 71903096
 SAL   | 2012-07-02 |           21.5 |  41.335 | 14:58:00 | 71921496

 name |    date     | percent        |  price  |   time   |  amount
--------+------------+----------------+---------+----------+----------
 BOB   | 2012-07-02 |          64.06 |  8.8755 | 15:04:00 | 27145552
 BOB   | 2012-07-02 |          63.77 |    8.86 | 15:01:00 | 27001372
 BOB   | 2012-07-02 |          63.77 |    8.86 | 14:59:00 | 26975372
 BOB   | 2012-07-02 |          63.77 |    8.86 | 14:57:00 | 26946338
 BOB   | 2012-07-02 |          63.96 |    8.87 | 14:55:00 | 26935038
 GIL   | 2012-07-02 |          38.95 |    0.68 | 15:01:00 |  1027590
 GIL   | 2012-07-02 |          38.74 |   0.679 | 14:59:00 |  1026190
 GIL   | 2012-07-02 |          38.74 |   0.679 | 14:57:00 |  1017480
 GIL   | 2012-07-02 |          38.72 |  0.6789 | 14:55:00 |  1012880
 BUB   | 2012-07-02 |          22.02 |     4.1 | 15:04:00 |  7406511
 BUB   | 2012-07-02 |          22.47 |   4.115 | 15:01:00 |  7371456
 BUB   | 2012-07-02 |          22.02 |     4.1 | 14:59:00 |  7346968
 BUB   | 2012-07-02 |           22.8 |  4.1262 | 14:57:00 |  7300694
 BUB   | 2012-07-02 |          23.84 |  4.1611 | 14:55:00 |  7221402
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:05:00 | 71986544
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:02:00 | 71965920
 SAL   | 2012-07-02 |           21.5 |  41.335 | 15:00:00 | 71943280
 SAL   | 2012-07-02 |           21.5 |  41.335 | 14:58:00 | 71921496
 SAL   | 2012-07-02 |          21.52 |   41.34 | 14:55:00 | 71903096