NeoMedia Technologies, Inc (NEOM)

[brewskih]

I have to laugh every time I hear someone say the buyers are lining up.

The fact is when the majority of the trades are executing off the bid that is not buyers lining up, thats MMs refilling their inventory. In other words there arent any retail buyers unless you see the trades executing off the ask.

The MM buys on the bid and sells to the public off the ask. Thats how they make their spread or profit. And as I pointed out yesterday NITE has been controlling the ASK for 2 days now solid and they have tried to stay on top of the bid for the past 2 days as well.

So how it works is NITE will bid say .40 for your shares, and then they sell them on the ask side for .405 and make .005 per share.

So if the majority of executions are occurring on the bid side, that means retailers are selling to the MMs for their bid price, not buyers lining up as is suggested. So it means theres a lot of selling going on right now by the retail investor, to the MM who will then use those shares to control the ask price later.