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To: dtech114 who wrote (6429)6/3/1999 6:28:00 PM
From: David Smith  Read Replies (1) | Respond to of 9236
 
Your observation is absurd. $250,000?? That's CHUMP CHANGE for a stock like this and is more suitable to a daytrader using margin.

1) MM's don't care if a stock is cheap or expensive....they execute orders for their clients.

2) Instead of someone going long, the "buy order" you saw could have just as easily have been someone covering a small portion of a short position.

Then again, what you saw could also have been (and probably was) a late print of a seller's stock.