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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: H James Morris who wrote (16548)4/15/1998 8:58:00 AM
From: slipnsip  Read Replies (1) | Respond to of 25960
 
"David, 95% of MM's never take a position in a stock one way or another"

Couldn't agree with you more. This supports my theory that yesterday, there were alot of market makers who were short stock by mid day. All of the big orders were buys, with not nearly enough small sells to help them buy the shares back. Spread way to thin for the MM's to have made any money.... They were probably short all day till then end. This is using the assumption that they came into the day flat.

For the record, I got greedy and didn't manage to get out of my trading shares at yesterdays close. Tried for that extra 1/16... Will be watching the flow intensly today....