SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : CAOL: The Chinese AOL and Internet Lottery
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mitch who wrote (84)5/8/1999 1:55:00 PM
From: Dave Gore  Read Replies (1) of 720
 
Mitch, Market Makers may be short: Check out this thinking on the two 150K trades

Thanks Mitch, I have Level 2 and 99% of the time you can figure out which are buys and sells as they happen.

I have thought about the two 150,000 blocks the other day.... a 150K trade at .84 and another 150K @ .85.

Since the bid was .75 x.85 at the time, I thought they were both buys, but the stock price did not move.

So it is possible that the MM's did a "cross"...meaning that a broker had a client wanting to BUY 150K shares and so they found someone else who was willing to SELL 150K shares, but only if the MM's offered him a price of .84!

Think about it.....

the MM's were short and had to pay .84 to get enough shares to cover the desired buy.

Intersting, huh?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News