Thursday, November 11, 2010 5:02:37 PM
He has an order in to support the mkt---it will only fill if there are people who want to sell on the bid---The MM is not buying for inventory ,, nor is he selling from inventory---he, the MM is flat when you fill on the bid--the pps will go no lower as long as he or someone is there with a bid----
A large bid under the mkt acts like a safety net---it is the reverse of trying to punch out a seller sitting on the ask with a large position---
If he wasn't there, and there were no bidders at all,, just the MM,,you might just see trip zeros--
With a good PR and news and no big seller sitting in our way, we go to single zero pps---because the MM will not be hindering us as many of you seem to think--
cheers,, Art
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