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Re: nomonet post# 2099

Monday, 06/29/2009 11:54:35 PM

Monday, June 29, 2009 11:54:35 PM

Post# of 330178
Right. My point is that even if the trade was at the ask, which does indicate that a buyer was anxious enough to pay the extra fraction of a penny rather than wait for someone to hit his bid, there was still a real live seller on the offer who didn't want that $75,000 worth of shares anymore.

I bought a couple hundred thousand shares of this thing today and it's going higher, IMO, but whoever sold 'em to me didn't agree. Although my trade was through a market maker (NITE, to be specific), market makers don't maintain "inventory" so there was a human being at the other end of the trade selling to me.