One Step Ahead

[rtnoel]

GEMM trading last week....did anyone notice???

One thing that was very interesting this week with the GEMM trading was that every time NITE, JEFF and some other MM's tried to raise the ASK, BSIC would move the ASK down, hence keeping the pps of GEMM down.

Why would BSIC lurk and then jump in to keep the pps down when the BAD boys NITE, JEFF and boys would try to run the pps?

To me, NITE, JEFF and boys wanted to run the PPS to get people to sell and they knew that not many wanted to sell at .08 area and they tried to RUN it but guess what, BSIC said NO NO NO boys you can't do it.

The old saying Fight Fire with Fire is happing with the MM's imo.

By BSIC jumping in and keeping the ASK down it prevented the run up of GEMM. I believe that everyone believed GEMM would run like the wind just like UCAD did before the pay date and BSIC said I don't think so.

I believe that the BSIC maneuvers put even MORE pressure on the MM's to cover CMKX.

Also did everyone notice that CMKX traded in almost a normal number day, not near as many 900000 or 999999 trades went through? Varok said maybe the MM's are now realizing that the SEC is lurking.

Looks like GEMM will run when BSIC says so and not a minute sooner.

What do you think????