Let me slip in a dumb question before lots of people start following this thread. I've figured out some of the common acronyms used in this day and age of saving minutes and seconds, but for the life of me, I cannot figure out FUD. Usually the context gives away these oft-used shorthand phrases, and I've spent days trying to decipher this one, but I keep coming up empty. My guess is 'F#$@!* Up Distortion', but this seems too convoluted. Please, someone help me, before this sends me off to Bellevue.
And now, maybe a more pertinent question. The action in the last fifteen minutes of cymer had many swings in the 'bid x ask' quantity. I would see it at 90x14 one minute, and 25x90 the next. My understanding is that when the bid quantity is higher, the MMs want the stock, and therefore it is short-short term bullish for the stock, and vice versa if the ask quantity is higher. Does this ring right with anyone else, is it exactly the opposite of what I'm presenting here, or is the bid/ask balance for the most part immaterial even in the most evanescent of timespans?
TIA, barry |
