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To: sandstuff who wrote (22265)8/18/1998 4:51:00 PM
From: macker  Respond to of 50264
 
they dont necessarily cover at the bid, they cover in between, or they will buy at the ask if they have enough profit in the sale already, if they know it is going much higher they will buy at the ask or sell at the ask depending on their position. either way if the price is going much higher, they dont want to get caught short and have to cover at higher prices later. and remember, no honor among thieves, although the mm's will do each other a favor. you notice that no matter what came through the bid and ask didnt change until the very last trade. if that would of been you and i buying and/or selling like that they would of moved the price all over the place.

to answer your last question, yep its going higher in my opinion.

bullish movement.

macker



To: sandstuff who wrote (22265)8/18/1998 11:12:00 PM
From: Texan  Respond to of 50264
 
Did I get it?
Texan


Guess not