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chevdawg18

04/22/08 10:34 AM

#61903 RE: tombrady12nh #61901

There are no clients of DR that want to sell any DPDW below 5.00.

There used to be a client wanting to sell at 1.25 for the last couple weeks but they have canceled their order....Intersting....

Must of done some DD on the Flotec acquisition and liked what they saw or maybe DR floated some of their reccommendations to their clients about this acquisition
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nsomniyak

04/22/08 10:36 AM

#61904 RE: tombrady12nh #61901

if someone happens to route them a market buy order, they will fill it at the inflated price, then go out and buy the stock at the real ask from another MM and book a handsome profit. This allows them to not pay attention to DPDW when they don't want to actively work it and to fill any such stray orders without having to carry inventory.