Hi All, just got back from NYC. Well, it looks like today was the first day that the mm's let this stock rise on buys. When I first bought in, the price was .105x.13. I bought at .13, and so did some others, so they DROPPED the ask to .125. I bought more at .125, as did others, and they DROPPED it to .10x.12. There was one day when the spread was .09x.11 or .08x.11, the high and low for the day was .11, and the volume was about 106,000. So all buys, and no change in the spread. This seems to have continued all the way up until today (I can't be sure about Monday afternoon, since, I was gone) Finally, today, with the spread starting out at .06x.08, and 92,500 shares bought, none sold, they RAISED the spread to .07x.09. I hope this signals some upward bias on the mm's part. It would be a nice change of pace :-)
Rob. |
