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Re: wolfgang1997 post# 27013

Wednesday, 02/09/2011 11:49:50 AM

Wednesday, February 09, 2011 11:49:50 AM

Post# of 91121
As I was typing that last note one of the MM's placed a trade for 100 shares..

FYI, Industry thoughts on MM codes from L2

-100 I need shares.
-200 I need shares badly,but do not take the stock down.
-300 Take the price down so I can load shares
-400 Keep trading it sideways.
-500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.