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JDoggs_Money

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JDoggs_Money

Re: r2g2 post# 2778

Tuesday, 09/27/2016 3:10:52 PM

Tuesday, September 27, 2016 3:10:52 PM

Post# of 3758
The price action today wasn't based on bid support, but rather timing. I've seen this many times. Right at the start of the day, the MMs becoming live slowly. Sometimes a market order is in the night before and triggers before all the MMs come up for the day (about a 15 second lag sometimes). That creates a quick spike down (or up). It doesn't impact strength of the stock, just a timing thing. As you will notice, the bid and ask are the same as before. So any buy or sell will reset the price to 'normal' levels.

"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.

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