<<No, you are a beginner. I suppose MM's were "making a market" in MZON in the mid-30's Wednesday afternoon, when their inventories were depleted, holding it back for 15 minutes before finally capitulating and being forced to cover? TSCO was a prime example. He was forced to cover, jumped from the ask to the bid, and the stock took off to 59. Market Makers work for investment banks, and their sole purpose is to create profits for their respective employers. No successful market maker plays the spread in high-volume, fast-moving stocks such as MZON Wednesday and SKYM Thursday; they take a position and use all leverage and advantage in their possession in order to bolster it.>>
Goldfinger, do yourself a favor and STOP trying to pretend that you know what went on, trust me, you don't. I traded MZON on Wednesday (go to my profile and look up the posts) very successfully, and believe me, Knight, Troster Singer and Sherwood were playing the long side, for the most day. Dain Rauscher was shorting for some hedge funds (during Wednesday I thought DAIN was shorting in his own acct but find out otherwise later) and RAGN was doing the same earlier.
Where were your posts about MZON during Wednesday? I am very curious to see what other stories you've been dreaming up in your lalaland fantasy.
I did make a mistake for being too bullish on MZON on Wed evening, but I did at least took 1/2 off the table before the close.
You have made numerous absurd posts about SKYM as well -- I will point them out in the next post. It never ceases to amaze me how uninformed amateurs brag and pretend to know the extremely complex and intriguing activities of market makers. |
