RE: MM intentions/actions
Let's face it. Not all MM intentions are obvious. But if you are a MM and you have a client that wants to buy 500,000 shares in a stock that only trades 100,000 shares a day, how are you going to hide that? Are you going to buy 100,000 per day for 5 days, and hope it doesn't move the stock? Are you going to use ISLD and INCA in the hope that no one catches on? Institutional clients dictate market moves these days, and the market makers are just the little roaches that are scrambling for the crumbs...
...the important judgement to make, and you have to make it on the fly, is whether the signals you are receiving are real or fake. We've all seen the odd share sizes, etc, and the jumping from Bid to Ask, etc. Funny, when I see that stuff, I tend to think a MM has something to hide and deserves a closer look. The MM that just quietly goes on trading is the hard one to catch... |
