I sure hope so!
This is where I have some questions that maybe you can add some clarity to. At this point L2 has changed on the ask:
MPID Ask Price Size Date/Time
ETRF 0.0065 100000 12:23
CDEL 0.0069 250000 12:30
NITE 0.009 164833 12:23
BMAK 0.0106 10000 10:56
So BMAK is one of four other MM's playing the game here at the top. In order for us to get past a penny, we (at the moment) have to eat up 100K @ .0065, $.0069 at 250K, and 164K @ $.009
My question is, why do we often see MM's selling say 200K shares, yet on the bid for 10K shares at a much lower price? What do they gain from that, it would seem they only feed into the driving the price down.
I'm still yet to understand the string of 10-20K buys unless they're part of a larger order.
Thanks
