Tuesday, July 20, 2010 9:04:36 PM
Now in pinky land, Market Makers do not like to be caught off guard by big news that suddenly comes out from some lowly pinky. In my experience in the pinks, todays PR was ENTI's way of letting the market makers know that big news was coming.The mm's have now been alerted in a very subtle way, as a courtesy of the company, and can have no beefs with a lowly pinky ambushing them with some huge news. Some here may think that is crazy, but it is business as usual on the pinks.
NITE is usually always the big boy on the pinks and wields the most control because they trade the most shares. The other mm's will usually fall in line with NITE. They don't want to interfere too much with the big guy on the block. So when you see NITE drop down on the BID, they are usually signaling the other mm's that they should not get to frisky. I have seen this happen hundreds of times.
ENTI putting out this PR with a postscript heads up about the Spokesperson being signed, was directed more specifically to the market makers than to shareholders. The market makers have now been given advance notice that a major PR may be coming up.
This is of course all my own opinion, learned from some very savvy people in the business. I could be totally wrong. Just wanted to give you something to think about when trading. Watch the bid. Forget about the ask. Who is on the bid key. NITE is usually the boss and moves the action.
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