InvestorsHub Logo
Followers 56
Posts 1134
Boards Moderated 1
Alias Born 01/13/2017

Re: Pussim post# 41517

Wednesday, 01/25/2017 9:23:16 AM

Wednesday, January 25, 2017 9:23:16 AM

Post# of 203913
I'm a former MM, although I never made markets in any stocks/ETFs that traded below $40 a share.

MAXM as of 7:35 has 100 at $2.00. Yes, they are sitting out.

ARCA (great guys btw) have 3200 at 0.80 as of 9:01. They were at $1 earlier.

VFIN's $1.00 is from 1/3, so they are obviously sitting out too.

INTL has 100 at $1.27 as of 7:35. Sitting it out, or a vote of confidence?

There are all sorts of manipulations that MMs can do. If you look closely, you can tell if they are just trading, acquiring or disposing. I don't have a Bloomberg terminal so I can't do in depth research, but it seems to me most of them are actively trading the stock and some are actually acquiring.

Also MM"s that want to stay out of active trading usually place their bids and ask a bit away out of the action..I saw people here yesterday commenting on where these were and it was a sign of what is to come....again...not true...

I am a former broker/agent, and have my series 7 securities license. I taught people how to daytrade in the past and understand how the markets work and the games mm's play. A good friend of mine works for Goldman Sachs...he told me that a lot of the times during the day MM's specifically go after intra day traders to shake shares lose..