Xcelplus International, Inc. (XLPI)

[The_radman]

They're mirrored or as the industry calls them "double prints" because the MM is holding sell orders at a lower price. Thus when one places an "ask" order the MM fills and then prints at lower offered price making the "spread" as their profit. You'll find with "block sale orders" there will be many double prints after the fact. This predetermined trading masks the fact that there are significant orders well below the current offer and allows the MM's to make big money. The MM's have level III which gives them not only depth of market but a relatively accurate count of the amount of shares for sale. certain MM's get accustomed to regular block orders coming to them (eg: CLYP, NITE) thus they expect them on a regular basis so they adjust the market to maximize their profits.