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Re: stuij post# 1538

Wednesday, 06/16/2010 7:04:09 PM

Wednesday, June 16, 2010 7:04:09 PM

Post# of 3696
Well, that may explain the stupid 35% bid/ask spread. This would be a good thing if there were volume on the buy side, as it would force the MM's to cover. Otherwise, they may keep up the stupid low bid side until they eek out enough shares to cover. Then it will be let go. Plenty (MOST) of the float is still being held at much higher levels, so those folks holding more expensive shares (if they are smart) will not be holding a 75% off sale.