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Re: mm107 post# 33772

Thursday, 04/12/2012 5:46:30 PM

Thursday, April 12, 2012 5:46:30 PM

Post# of 92769
Should be a good thing. NITE could be doing 3 different things with that 10m bid @ .0012.

1. Could actually be buy orders from investors @ .0012.

2. Could be NITE looking to pick up shares to block us with later.

3. Could be a FAKE bid, used to manipulate investors and will disappear or move at some point.

or a combination of the above.

Only number 2 is really bad.

We all hate the games that MM's play, but they do serve a purpose by creating liquidity in the market, they stablize the pps and do process the trades through the DTCC. Can we imagine no MM's? Every stock would run hard, of course the market would implode!

GO AFPW

"The cynic knows the price of everything, but the value of nothing"