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Re: NicPlatoNic post# 45422

Saturday, 06/02/2012 8:45:57 PM

Saturday, June 02, 2012 8:45:57 PM

Post# of 52575
I'm addicted.. couldn't help myself and needed to check the board again lol

For a definition of ax check out this link.

Most important part and definition from that link:

The "ax" is a market maker who currently has the greatest control over the stock's trading. They are who daytraders commonly look for on their Level II's. They are commonly seen supporting the bid and working to increase the bid. They could also be negatively controling the movement of the stock and selling heavily into the bid, driving the bid and price per share down. The ax may also be working to keep the price trading sideways or near the same price. Keeping the bid and ask very tight.

The ax does not exists at all times, but it is good to be aware of them when they do. They are often heavily controling the stock you are trading or looking to trade.



As to what JSteel is talking about;
Different Market Makers trade on different boards. You would find different MM's for stocks that trade on the Nasdaq and different ones with pink sheet stocks for example. If Tivus is moving to a different exchange then we will probably see a host of different market makers.

Sorry JSteel.. couldn't keep it short wink

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