Monday, May 05, 2014 10:34:46 PM
But what was interesting was the action of market maker BKRT- Buckman, Buckman & Reid. From what I understand it is institutional. It pushed the ask down the entire day, in a strange way. It would push down and back off like .50, then push down again, and back off. Until it sat at 36. Then it backed off completely back up to 38, and then NITE shows up with a 5000 share bid at 36 toward the end of the day. Note that that represents $180,000, and a much larger order than I have ever seen.
Also, there were quite a few more market makers in general here than usual.
Now, I am not the most versed in MM activity, but this was very unique movement for MUEL. And of course, I bought more under 36, gladly. This pullback was interesting to see, and I'm not complaining.
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