Thanks, Jack.
The sellers edged us out a little today 28,000 shares at the offer and 31,000 at the bid. Until about noon it was 19,700 offer and 6,300 bid. No 5k+ blocks.
Michael,
I tried posting to your 11am question several times but my computer or ISP was on the fritz. Almost always, the spread moves by, at most, half the area covered by the spread. Usually, when there's a change of trading range, the next trade or two usually come from the preceeding range if the time of the trade is within a minute of the change. It's not exact but when the range is more than a couple of sixteenths, if it's on the high side of the range, isn't it a buy? If it's not a buy, I know an MM that's giving away a bridge. Usually, a trade is right on the bid or offer, though. If it's close to the middle and only 10% or so are, then I just don't count it as a buy or sell.
WH |
