Chih, Kathleen, Bateman (?), and others who may be confused,
MU trades on the NYSE which is an auction market. That means you or I can insert our bid/ask into the crowd and it takes the floor if noone is ahead of us at that price. It is not a market maker system like the Naz, so Level II is irelevant. One only sees size on the NYSE although that number may be suspect on occasion. That's what tape reading is all about.
Therefore, no market maker manipulation exists, and the stock is way too liquid for any one participant to really control the price swings. Mo' traders like Larry will jump on the trends when they flash a signal, and alot of shares can be influenced in that way. 20,000 blocks are quite common, from my experience. It's the 100,000+ that really let you know when the big boys are moving!
Cheers,
Peter Shaw |
