Avid Bioservices Inc (CDMO)

[ElSid18]

So here is the conversation between a portfolio manager (PM)
and his market maker (MM).....

PM: we want 125,000 shares of AVID...what's on your books?
MM: I've got 45,000 to sell for $6.80, so if you want a fill
I'm going to have to overshoot $7.00, say bring her up to $7.20
and loosen up enough hands to sell on a spike...then the sell
orders start bunching up and I'll collect the little fishes to maybe
give us what we need...
PM: do you think the overshoot is enough to get this block filled...
MM: If not it will be harder than I thought...
PM: do what you can...if you get more than my order, we'll take it
all...............
MM: gotcha...