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Non-Tech : Win $5 million USD with ABET
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To: Aj-Ruk who wrote (52)11/22/1999 12:06:00 PM
From: Dave Gore  Read Replies (2) of 61
 
LEVEL 2 points out MM manipulation today. What do you suppose they are up to? Shaking the tree before the news comes on the lottery site opening?

Looks like the MM's decided to play games today.
At 10:52:18 the bid/ask was .875 x .938.

Look what happened next:
10:56:18 1,000 share SELL at .938 (hmmmm) - not a buy but a sell at the ASK...it came across in red not green
10:56:56 bid/ask lowered to .75 x .938
10:57:34 1500 share SELL at .75

Then mostly all BUYS
10:57:41 .875 BUY of 2500 shares

10:58:17 Bid/Ask lowered to .75 x .875

10:58:47 .875 BUY of 2,200 sh
10:59:47 .875 BUY of 800 sh
10:59:49 .875 BUY of 2300 sh
11:02:41 .875 BUY of 5,000 sh

11:02:43 Bid/Ask strangely lowered to .688 x .875

11:02:51 Bid /ask lowered again to .688 x .813
11:03:05 .75 SELL of 2500 sh
11:04:01 .813 BUY of 1,000
11:110:52 .813 BUY of 3,000
11:22:10 .813 BUY of 300
11:23:46 Bid/Ask lowered again to .688 x .75

Since then 7,000 shares of buying and 1,000 of selling.
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