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nasdaqqq

08/01/07 9:39 PM

#64101 RE: nasdaqqq #64100

The more I think & analyze the volume today, the more I start believing my below theory.

Some one had to put in a large limit order to buy and to make a match their was a lot of selling and scrambling around to fill a large order at the MM level.

The reason why I believe this theory is because we are still at .0004.

It was a wash to us and the MM made a nice profit. That is why you see the buys at .0003.

They flipped these shares to execute the limit order to buy.

This is the only thing that makes sense to me.

Other wise we would have been below .0004 today.

It took all morning to fill the order, that is why you see differ. amounts of shares be traded, instead of one lump sum.

The order was filled 100% around 12:30ish. That is why trading stopped.

Everybody else was to freaked out to place any trades after the party.

I think we might have a large buyer & a Hungry MM.

NASDAQQQ




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Average Guy

08/01/07 9:40 PM

#64102 RE: nasdaqqq #64100

Hello Nasdaqqq--that's a lot of moola even at .0003 though....WOW!! Thanks for sharing your theory and possibly shedding some light on this...It was definitely not me who bought the shares...I'm tapped out right now and no one has a torch to me thank goodness.