Mayer is pretty big...the biggest, actually.
Weinstock is ok, But NITE and ALEX are slugs. Well I'm being unfair to ALEX, I guess. It's just a samll house but .....
That's it? 6 MMs? Can't believe that. NITE goes nowhere unless FAHN has them on a lease.
When you say so many shares are covered I suppose you are presuming this is some sort of short-covering? I do have to say, with Mayer on the bid the stock has some backing as long as MASH stays on board. NITE and ALEX cannot fight MASH.
I'm sure you don't have all the MMs. You are just noting who is on the bid and who is on the offer. An understandable reference.
A "snapshot" is fine for a scalp trader....knowing MASH and the other three are bidding against the two small players is of some help to a day trader, but it's more important to know that the stock is traded by Goldman and Morgan vs being traded by NITE and ALEX when one is speaking of an investment and not a trade.
In other words; if the better houses won't trade it.... well? That should tell you something right away.
For that matter, MASH may only be there because of volume trades by investors using discount brokers. They may as well be on the box, perhaps. It does not mean they have any faith in the issue.
In other words, there are no players on this stock in terms of the box....except MASH. Why not? I think it's because the stock has, well, less credibility amongst the larger houses. And guys like NITE will whip it back and forth, churn it, and you will think the volume means something. But not necessarily so. |
