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Re: braden post# 21767

Friday, 07/10/2009 3:23:13 PM

Friday, July 10, 2009 3:23:13 PM

Post# of 47790
Even though that high a number CLEARLY means "we're not selling any right now"...you're probably right about it being a signal to other MMs as well. Those guys do seem to communicate with eachother... and I'd LOVE to have an opinion of what such an absurdly high ask might mean from someone who would have a reason to KNOW what it means. I HOPE that it means that they have reason to believe that the SP might move up a lot.... therefore letting other MMs have a clue. I am just guessing here.... but it does seem like a message... I mean... they COULD have just done like others and put the ask at $1.00 instead of $1,000 and change.
ANYbody have an MM source who might explain what this might mean, if anything?