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Non-Tech : APCO Automobile Protection Company
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To: Ken Reidy who wrote (3208)3/16/1999 4:10:00 PM
From: ChrisJP  Read Replies (1) of 3351
 
Hi Ken,

What happens is the MMs get the price down to a number that has a lot of stop losses. So when the bid hits it, it triggers the stop losses and the stock falls rapidly. Buyers (either watching or with buy orders) trade the bounce. With MTON, it happened on each dollar and it happened BIG TIME when it hit 12 1/2 a few days ago. So it got slammed down to 11 1/2, buyer came it and took it back into the 12's.

You gotta be fast and be glued to a screen.

Hope that helps.
Chris
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