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To: * Thumper * who wrote (651)1/11/1999 11:34:00 AM
From: Ernest R. DeSaye Jr.  Read Replies (3) | Respond to of 1664
 
Thumper, Excellent observation. MM's have to bring the bid/ask down at least a couple of times per day when volume is high like this. Often times in a buying surge, they will continue to fill the buy orders even if they have no shares in inventory. Then after they get to a point that they are short shares and are no longer comfortable selling they start walking the bid /ask down to scare out the weak hands and those satisfied with their current gains.
Regards,
Ernie