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Re: allenc post# 181956

Tuesday, 05/09/2023 7:02:25 AM

Tuesday, May 09, 2023 7:02:25 AM

Post# of 183781
All trades are double counts with MM

Pink is not a listed exchange, all trades are made with MM, no direct trades between Buyer and Sellers like on Nasdaq or NYSE.

And in the Conversion swap the Purple trades and you have Triple counts in many instances.

The MM are "Short" on the ASK which is normal, they take those trades and have the cash but will need to cover the trade by end of the day. They are doing that during the day and you can see the exact double trade sizes many times, one at .0005 and the other at .00045 for example.

End of day we see the Purple Tape, the T - Trade if after hours, which is made lower than the BID which is why it is recorded Purple. That is the Covering of the Conversion trade.

They have moved the daily Conversion Volume up significantly the past few week and it looks like 18 Million shares is the daily limit for them.

5/8 - 18M
5/4 - 17M
5/3 - 2M (vol only 5M)
5/2 - 4M
5/1 - 18M
4/28 - 4.3M
4/26 - 18M
4/25 - 16.6M

You get the idea, and with 170M converted by Mammoth we have to done soon.