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Thursday, February 17, 2011 12:19:26 PM
The more trades go through at the ask, the more the price will go up, because it means fewer people are willing to sell their shares to the bid. So the bid will likewise rise as the price goes up because the people who want shares have to bid higher in hopes of getting some (either that, or they have to buy at the ask).
Makes sense?
Also, keep in mind that there are certain MM's that most likely represent retail traders (like us). Those retail MM's are NITE, ETMM, UBSS, CSTI, and AUTO. They can also trade for their institutions, of course, but I've seen all of them represent myself at times. Some of the other MM's represent finance or larger investment institutions. So, when they come into play, they can be a little more "serious". If they are buying on the way up, that's good, because it means big money getting involved. But if they start squashing the price down and down, it can be because of financing (dilution) and that is a good signal to watch out.
Hope that helps.
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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