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Re: rb611 post# 10793

Monday, 09/28/2009 5:45:37 PM

Monday, September 28, 2009 5:45:37 PM

Post# of 26430
Interesting Observation.

After the close, all MM's on L2 reduced their ask size to 5k. I've not seen this in the past 2 months. ARCA, LAFC, and at times DOMS, have had outrageous ask sizes. Some in the range of 500k or more. This could obviously change at the open tomorrow, but in the past the ask sizes have carried over from the day before. What does it mean? probably nothing, it will probably go back to the way it was with huge asks at the open tomorrow. What would I like it to mean?... That the MM's know they have loaded up all they can get at .0001 and have reduced the ask sizes in order to let it fly. You need buy orders for that to happen of course.
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