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Re: eagleagain2002 post# 23811

Wednesday, 08/18/2010 3:32:10 PM

Wednesday, August 18, 2010 3:32:10 PM

Post# of 59550
OOPS, my mistake, the linked article is #23678,

http://www.traders101.com/article-market-makers-1.asp

For what its worth I decided to test the proposition myself and put in a sell order at 14:26 when the ask was .25 and falling. Place the order for 5000 shares at .28. It was filled at 15:11 and 15:14 coming off trades at .26, .27, .273 and .278.

Looks to me like the MMs are grabbing everything in sight right now (within reason) maybe indicating another up day tomorrow barring any bad news. Pretty much like the article suggests. For what its worth.

BTW, they'll probably close it out at a lower number, .26, .27, not at the high if prior patterns hold true.