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S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.00%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
87.30
(
-0.04%
)
Bitcoin
54,241.63
(
-4.81%
)
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SLOPE15

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SLOPE15

Re: tubbynu post# 546

Wednesday, 05/26/2010 5:24:22 PM

Wednesday, May 26, 2010 5:24:22 PM

Post# of 880
Sorry - just got back from the gym. If you look at the trade history on an L2, you can see that earlier in the day when the price went down to .0017 and .0015, both were "painted" (each were 5000 share trades which equal about $8) I don't know many traders who would pay a commission to sell shares for $8 or would want to paint in the wrong direction. I would guess this is MM's trying to get people to sell their shares..

If anyone knows more on this, feel free to enlighten us
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