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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?


To: John Hunt who wrote (658)6/9/1998 7:22:00 PM
From: RobbRacer  Read Replies (2) | Respond to of 1086
 
Lamar,
I belive I know why you saw such a ridiculus number. When market makers do not want to be trade in a stock at this time but still want to remain a market maker in the stock, they will place a price very far away from the market. This way they do not have to watch it and worry about getting caught with their pants down.Thay must post some price in order to be a market maker. And in the unlikely event they inside price does hit that number they would be verry happy. Although that would very very very rarely happen.
Robb