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Re: Acme Investments post# 221796

Friday, 07/12/2024 7:25:07 AM

Friday, July 12, 2024 7:25:07 AM

Post# of 228161
Of course it was. I was one of the sellers, and sold over 100M during that run. And, it was all at a limit, and that means MM's had to pay me what I asked. As the buying increased, the share price increased, and the mm's spreads changed. I'd set my sell up above anyone's spread and wait for it to get there.
MM'S HAVE NOTHING TO DO WITH SHARE PRICE.
They are not traders. They are simply facilitators, much like cashiers in retail. The ONLY time an MM buys or sells shares is when the market is dead. Then, the MM's buy and sell among themselves, thus giving them their name, market makers. Otherwise, they don't buy shares unless they are offered within the bid. Or, at market, the spread is not used, because selling at market means you will take whatever you can get. Market orders fulfill instantly, but you don't know what you will pay or get for shares.