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Re: Emergcy post# 144662

Wednesday, 11/19/2014 2:36:10 PM

Wednesday, November 19, 2014 2:36:10 PM

Post# of 165854
Its an open order for one of the market makers - ADTF I believe off the top of my head.

Market Makers have to show the best bid/ask. So on the bid size they will show the highest price they offer with any volume, and on the ask side they will show lowest price they have to offer.

So this market maker has an open order for 1.7 million shares at 18. If they have another for 17 the `17 shows and the 18 remains. So once all shares priced below 18 in their trades are exhausted the 18's will return to get chewed through.

IMO