Douglas,
I would agree entirely with that sentiment. But what exactly are the MMs up to? I assume, because I do not know enough about their antics, that the aim is for them to make as much money as possible.
What are the various methods they use. I know that a wide spread makes them more money but surely if the spread gets too wide they deter buyers completely and therefore lose volume and money.
I also saw graphically illustrated for the first time in a share I own, how they walked the bid down on basically 500 share sales and some other sales, from 1.343 x 1.468 down to 1.125 x 1.156 which seemed to shake out some sellers at the 1.125 and then the bid ask suddenly goes to 1.218 x 1.312........
Are they also trying to accumulate some inventory as cheaply as possible and how do you work it out ? Do you print off the sales only report from level II and then tick the sales off against the transaction log, add up the sales, take them away from the total volume for the day and then if you have an imbalance, i.e. purchases markedly higher than sales, then can you safely assume inventory accumulation.
Sorry, Douglas, you do not need to answer this !, I am just extremely curious to apply some sort of logic to yesterdays action. Hopefully my questions and if we get some answers, will also help others on the thread to achieve some comfort !!
regards,
del.
Thanks Grupo Brad for the print. I should be able to do this for the thread but I am still learning Trakker !! |
