InvestorsHub Logo
Followers 274
Posts 32167
Boards Moderated 0
Alias Born 02/14/2014

Re: Southern Gal post# 23998

Tuesday, 10/21/2014 2:45:13 PM

Tuesday, October 21, 2014 2:45:13 PM

Post# of 30951
Because people are patient and will wait for those who are impatient to sell into the bid.

MMs do not want to buy on the ask as they make money by selling as ask and buying on the bid

Plus if they want to accumulate at low PPS they cannot get aggressive on the ask without skyrocketing the price. So they bid sit and occasionally sell into the bid in hopes to crash the price to grab all the low priced shares they can.

That's the game on the otc