I see it differently. Non-broker MM's play an opposite game than everyone else. They will sell (ask) first, then cover lower later. Already CDEL jumped NITE on the bid, forcing it up .35 when BMAK showed up on the Ask. I am guessing (IMHO) when BMAK acquires enough stock, they will jump whomever is tops on the bid to cover. Thats my understanding how this works anyway, I may be wrong. Unless there is independent buying right now to drive the bid up - which would be a wild card - and then the MM's need to feel the additional squeeze, but thats how they make money trading for their own accounts.
So eventually, yes, I agree with you, but at some point, they will have to cover, like everyone else, and thats hopefully when the bid jumping craze starts. Independent buying would fuel that IMHO.
