Wednesday, June 22, 2016 7:48:16 PM
Someone buying and paying more than they need to is how MMs make the money. The "up" would be recognized by the increasing bid and not a spread of 30%.
You can tell from the trade sizes that the buy was for 100K and 90K of them went at .0044(the ask) but the person was smart since they wanted 100K and the ask did not contain that number they placed their order at .0001 above the ask. This allowed them to get their whole order filled.
But since the bid just sat still there is no true buying pressure.
The person who sold at .0044 is now bottom fishing again but maybe they will raise the bid tomorrow to reload.
There are quite a few million shares available down here. Still some profit to be made if you feel like waiting for the 50-100k share days to make some profits.
Get that bid up around the ask and it may be time to play again.
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