Re: Is there a purpose for this spread from the MM’s. .099 - .10 Thanks
in response to
by
posted on
Apr 02, 2009 07:18AM
Some have said it's a code between the mm's. Others say it's just about what the market-what people will sell for or pay. When you think about it in % terms it is like a spread on a stock that is $100.00 with a bid of say 99.90 and ask of 100.00. Of course we are not at $100.00 or even at $10.00 ( yet ). What I'm noticing is the spread from 0.099 to 0.105 which is rather large and the fact that the volume is so low. That's what I'm wondering those two things are about. I guess there aren't many who want to sell that low and not many who want to pay that high.