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Re: Seasound post# 15424

Thursday, 04/25/2013 6:40:24 PM

Thursday, April 25, 2013 6:40:24 PM

Post# of 29204
as if the MMs didn't want it to close at .90 or above

I think Capt's stuff will give a clue. If MMs are trying to stifle a rally, the short sales ought to spike up, percentage wise.
Depending on which exchange(s), it might not show until tomorrow. Of course, with the take down and rebound we saw today, and a couple other higher-volume minutes with "big" (relatively) price moves, shorts might come higher from those actions.

OTOH, note the nice improvement from 10:30 nasty b:s, the brief near-neutral at 14:45 and then the improvement again into the (adjusted by me) 16:00 close. They way I'm interpreting this is that the MMs ceased pecking the bid with conviction to move the price lower - either capitulation to the trend or they didn't really care (they had accomplished their goals earlier?) - and allowed the market to operate, more or less.

The thing to remember is that they make $ regardless of direction as long as their portfolio is not severely out of a "market neutral" position too far and there is some volume. I believe the exceptions occur when a "large important customer" says do X for me, because the MM want to keep their business and/or when the MMs portofolio is too far from market-neutral.

Regarding this latter situation, I also believe they will cause this when they see the opportunity to garner more profits and it looks "safe".

MHO,
Bill

Un- Run'g Raw
Time Buy Sell known Total b:s
10:30 95026 14694 1200 110920 6.47:1
10:45 129862 44148 8060 182070 2.94:1
11:00 131862 119196 8060 259118 1.11:1
11:15 133387 130196 8260 271843 1.02:1
11:30 145587 140166 8260 294013 1.04:1
11:45 153925 144766 8260 306951 1.06:1
12:00 161425 148466 8260 318151 1.09:1
12:15 163525 159066 8360 330951 1.03:1
12:30 265367 190262 8360 463989 1.39:1
12:45 280867 191462 8360 480689 1.47:1
13:00 329467 206162 8460 544089 1.60:1
13:15 335567 224862 8460 568889 1.49:1
13:30 340067 236511 8460 585038 1.44:1
13:45 343167 250662 8560 602389 1.37:1
14:00 347467 279201 8560 635228 1.24:1
14:15 350017 285451 8560 644028 1.23:1
14:30 353067 292903 8560 654530 1.21:1
14:45 356467 394403 8560 759430 1:1.11
15:00 362467 307585 10102 680154 1.18:1
15:15 363369 310053 11618 685040 1.17:1
15:30 385002 315561 13918 714481 1.22:1
15:45 404402 315661 14618 734681 1.28:1
16:00 499193 350679 15284 865156 1.42:1

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