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Re: jims406ss post# 6782

Thursday, 01/27/2011 3:31:57 PM

Thursday, January 27, 2011 3:31:57 PM

Post# of 10165
I think ETMM is facilitating the majority of the retail buys and sells for this stock, probably some for NITE too. This would explain why he is always lead MM on the bid and ask. I don't believe it's one large seller routing through ETMM like some think, rather its the majority of retail orders routing through ETMM.

For example, 20 retail sell orders at .0002 for between 3 & 5 million shares would give the appearance of 60 - 100 million shares bought at the ask off ETMM with no movement. Does not mean that it is one big seller. As the float slowly swishes around from the many weak hands to the strong hands who are holding tight, and therefore lowering the amount of shares that are 'churning', we will slowly move up and up. Not all going to happen in one day, I like the slow, steady bursts of volume, soaking up the various retail orders. Key is, nobody has been getting .0001's anymore for a while now. .0002's will dry up soon, then on to .0003 and repeat.

My opinion. Could be wrong.





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