T&S - MM action
posted on
Aug 14, 2008 12:32PM
Partial day's action with MM interest:
I'll start at 10:32. (There was 1,000 at the bid of .09 then... and I'm not including trades earlier in the day)
Time Bid Ask Size (Traded)
10:33:11 .085 .090
10:33:12 .090 .090 30,000 (recoded traded at the bid..note 1 second difference from previous)
10:44 .085 .095
10:54 .087 .095
11:17 .086 .095
11:44 .086 .090
11:57 .086 .095
11:59 .086 .095 6,000 (at the bid at .086)
12:45 .090 .095
12:53 .090 .095 5,072 (at the bid at .090)
The rest of the day the bid remained .090 and the ask at .095, and all trades were at the bid for the reaminder of the day.
Draw your own conclusions, but it looks like below .090 is fishing for shares.