Encore Energy Systems Inc (ENCS)

[ib12u]

ENCS: L2 *updated as at 10:20AM 02/23/2009

As I watch the market, the MM name ‘AUTO’ seems undecided as to whether it wants to be at ‘.0002’ or ‘.0001’.


AUTO seems to be popping back and forth between the two, several times within a minute, as seen above.

Selling still going on though.


If this keeps up, we’ll all soon see ‘.0001 / .0002’ as someone already predicted.

But also as predicted, this will likely be short lived before the bounce.

I gather the buyers at '.0001' are NOW the flippers at '.0002'.

This is kind of a smart MM move as this shakes the '.0001' buyer OUT of the trees. (Freeing up shares for the MMs while lowering the PPS), BUT also creates buyers at '.0002' as the new low for the next run.

Whereas Buyers at ".0001" dumps much harder on the '.001' than the '.0002' buyers would, given the quantity of shares likely owned between the two.