That's fine, I kinda don't want to spend all night creating my own thread anyway. Although I may do one soon, especially if BANY and WCAP pan out tomorrow.
Now back to ANYI: Subject - MM action today
Can anyone shed any light on the MM action late today? They scooped down to $1.15 at 2:50 p.m. to get a bunch of shares, I assume the shares were at a "stop" price. After the gobbled 'em up, they came back up to 1.28 - 1.31. I just happened to know someone who had a limit order in at $1.25 at ~2:30 p.m. whose order went unfilled. This persons order had to be raised to 1.31 before it could be filled, at the end of the day. However, if you look at Mike's ticker (which BTW appears to be off by one hour?) you see that all the orders for the end of the day appear as MMs buying shares, but not selling them to anyone. My order was filled, but the price was always 1.28 at the end of the day, no 1.31 orders are shown.
Also, after the close, volume was ~214K, then at ~4:10 it changed to ~229K. Wonder were those 15K shares went, and for how much.
I have learned alot about how MMs work, but I am still mostly baffled. Does anyone here use a MM to trade BB shares? If so, which one?
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