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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Bilow who wrote (3341)8/28/1999 6:59:00 PM
From: Saulamanca  Respond to of 18137
 
Carl,

Since GRIN was not marginable, I would guess the demand by traders was on the buy side. If I understand the NASD rules correctly, MM's can sell an unlimited amount of shares as long as the buying demand is there. All in the name of keeping a liquid market of course.
That's what I meant by expanding the float.

--Jim



To: Bilow who wrote (3341)8/28/1999 9:46:00 PM
From: Dominick  Read Replies (1) | Respond to of 18137
 
Bilow:

With regards to the increasing number of shares. it is my understanding that if a MM had to buy 50,000 shares for a client in 5,000 share increments, you would see 10 orders of 5,000 shares he bought and one order of 50,000 he sold.

This shows 100,000 shares for total volume when he only bought 50,000 shares for his client.

Am I correct on this?

Dominick