To the "thread,"
Well, the specialist did it again.
Late in the day, the stock was quoted at 10.00 bid, 10.125 offered. Seven hundred traded at 10, and the specialist made the stock 9.50 bid, 10 offered, with only 200 shares bid for.
If management doesn't ask about this behavior, it is not adequately policing the Big Board's responsibility of creating liquidity. After all, the specialist could have gone 9.75 bid, bought 500 shares there, then 9.625 bid, bought another 500 there, and no one would have had any complaint.
To make a 5% discount bid after a 700 share trade is pathetic.
Have a good evening. |
