JeffG and all,
They certainly seem to be grappling with the $2 level.
Those two trades at 1.9375 were reported as SOLD trades (reported out of sequence after the 90 second time limit). Sort of resembles an NBA game with boxing rules, lots of juking, headfakes, and bobbin and weaving. Have seen the quote dropped several times seemingly without regard to supply/demand. But then, MMs do have that power (shakeouts) to test the players.
Here is a VERY interesting, lengthy, and detailed 1996 article from Fortune. Interestingly, one mistake the company in the article made was not taking delivery of the certs.
pathfinder.com@@HnVYawQAHQZ9eTDw/fortune/magazine/1996/960722/sel.html
Good luck guys and gals, it sure is fun watching!
BTW, BKRT (Mercer, Bokert, Buckman & Reid) and HILL (Hill, Thompson, Magid $ Co) seem to be the most active MMs on the inside quote today.
Mark |
