Mark,
Certainly. I have not been following DBDY but always watch the activity in GRNO. I have set up L2 and Time & Sales screens for DBDY and will try to keep an eye on the action there as well.
I jot down GRNO MM activities when I can and particularly those of ALLN and anyone else on the bid. Tough to keep up with AND focus my attention on my "day"trading job, but did note last Wed - Fri ALLN was all over the high bid most of the time. They seemed to key on the 5 7/8, 6 level and picked up (sells TO them by the public) a substantial amount of the shares that were traded in the high 5's low 6's range. There is definitely some interesting activity to watch that does not necessarily occur on other stocks. Yes, MM action does not always follow the straight-up supply and demand theory based on the buying and selling going on, but generally they parallel one another. On the contrary, I see ALLN bopping around on the bid, at times leapfrogging over the current high bidder during periods when no trading has occurred. No explanation, just an observation.
Also, over the past three days, only saw them on the ask once and maybe 600-1500 shares (can't read my notes!) were executed while they were there.
I will certainly increase my diligence over the next week (except Tuesday, for I'll be on the links and then off to the O's game unless Ronbo volunteers to come over and babysit my machine!, Ron?) If you have specific trades/criteria you wish me to be watchful of let me know.
For any thread newbies perplexed by all this ALLN talk, I have re-posted the LINK (on advice of counsel <g>) to the Forbes article that gives a little insight into Allen & Company and why they are not IMO your typical Nasdaq MMs.
forbes.com
Lotta length and girth here, guess I could've just said "yes" to your question, Mark! (no pun)
Agree with the others, Mark, that your TA is well appreciated here.
See you all in the AM.
L2 and Long and LP Mark
(I may be dense here, but what is the =+=+= ?) |
