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Strategies & Market Trends : Lizard King's Trading Swamp

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To: shasta23 who wrote (6523)5/1/1998 12:24:00 AM
From: ElGator  Read Replies (1) of 7396
 
The APSG nonsense today happened very fast and was all during the last hour, it was in low 12s all day. MMs brought bid down to 11-3/8 quickly, and brought it back up again pretty fast. I am not an expert on this, but it looked like a stop hunting expedition as sells at bid were all small lots and the larger lots were buys at the ask. I have seen them do this before, and that's exactly what it looked like.

Beginning to wonder if maybe this whole situation is just a game to replenish inventory at low cost.
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