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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: yard_man who wrote (11528)8/22/2002 3:45:14 PM
From: The Vet  Read Replies (1) of 16631
 
The MMs on GMXX have been trying to keep a lid on this stock all day, running it down as soon as orders backed off and keeping the spread as wide as 50 cents. In the past few minutes the bid has run up from $5.40 to $5.80 without attracting a single seller. Buyers keep nibbling at $5.90, but as those are short shares, the short MMs are digging themselves a deeper hole....
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