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Re: None

Thursday, 08/12/2010 12:52:36 PM

Thursday, August 12, 2010 12:52:36 PM

Post# of 72584
Note: On Level 2 the Buyer at the BID is the MM AUTO and the seller at the BID is the MM AUTO. (This may be the market maker themselves selling or someone selling through them)

It seems as if AUTO is trying to cover and has put a false cap on OTOW. (This is why a few shares bought at the ASK takes out the ASK). If you were nice enough to sell shares to AUTO the only thing you would be doing is helping this MM (or someone shorting through them) cover their shorts.

Eventually AUTO will have to cover if we just wait.

The clock is ticking against this shorter.