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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Mike Hardy who wrote (910)3/20/1998 5:18:00 PM
From: Rande Is  Read Replies (1) of 4715
 
Those big blocks at closing time are typically the Market Makers "squaring off." They trade between themselves. Those who need more buy from those that have too many. Sometimes one will sell off to others, because he chooses to no longer make market in a stock. Likewise a new MM will come along and buy-in from other MMs.

Sometimes squaring off occurs the night before a possible run-up in price. Either way, this is common. These trades occur throughout the day as well. Sometimes as much as 75 percent of volume in a day is between MMs, though normally about half.

Rande Is
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