Thursday, June 08, 2006 8:11:52 PM
Are not supporting bids! One of the first things taught about the Specialists is that the market on a stock moves in the direction of the Specialists Book. MMs as a group are just like a Specialists Book. Orders below the MMs bid lowers the pps automatically in MMs eyes. "What they are wanting to pay".
Orders at or just above the bid are retail support. IMO
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