Alot of these MMs make their money by comissions, so they follow the trends closely and try to be at the front of the line when the direction continues/shifts....NITE, SCHB and TDCM have been doing this all week. ETRD a little too, but I suspect they're a little more conservative about playing that game because it can be dangerous when real buyers flood cuz they'll miss the nice profits.
What's most important to me, however, is that the list of buyers within .002 of the last trade is much larger than the list of sellers within .002 of the last trade, which IMO means the MMs are squeezing pennies out of this on the way up.
The demand is high, the supply is getting lower....ah, you gotta love bid'ness
IMO
"A one that is not cold is scarcely a one at all" --Strongbad
