Re: Engaging Reality
Are the MMs playing games with us?
Please, please, please let's not start this nonsense. Every time a seriously speculative stock declines, we hear about the evil market makers. In the case of Questec, the bid/ask spread has to be around 10% because of the low price and relative illiquidity of the stock.
Compound the market realities with legitimate skepticism about the status of new contracts (e.g. is there really an imminent contract with Fox, or are they still "testing?"), and it's a wonder the stock declined no further on Friday.
If there is one common cycle on S.I., it's the, "greatest thing since sliced bread," "oooooh, those evil market makers," "why isn't the company informing us better," "how could the company have done this to us?" script. I am not saying that this is the case with QSTI, but the precedent for it is considerable.
Pý
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