Calypte Biomedical Corp (fka CYPT)

[sower]

chucker

I remember a few weeks ago when the price was moving up to .70 cents, the MMs were climbing on top of each other on the bid to buy as many shares as they could. Very bullish.
The buying on the ask is what fueled it. I imagine when you see the orders coming in and your a MM you can tell what nature the buys are. They can sense if a buyer is desparate to get shares or is the buyer reserved and calculated.

I know what I have experienced, when I was chasing shares. I put an order in and didn't get a fill. I would cancel the order and raise the limit higher.
They see all this behind the scenes.
We just haven't had the kind of buying that is willing to chase the price.

Also...
I wonder what happens when MMs have been shorting a stock on the BB and the company changes to a major exchange like the AMEX.
I think if I was a MM and I needed to cover I would want the pps to go lower so I could buy all my shares before the switch took place. When a company graduates to a major exchange you probably won't see those prices again.
Just a thought...

sower