Digital Brand Media and Marketing Group Inc (DBMM)

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Market Maker Signals 505

505 – I Am Short On Shares

What does the Market Maker Code 505 Mean? The market maker code 505 signals that I am short on shares.

The broker uses this code when there is no more volume in their favor, meaning they can’t take the price down any further to get rid of stock and pass all incoming orders onto another market maker who has more available shares to fill the order.

This code will only be sent to other market makers if the broker is short on shares and needs them badly.