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tradernation

01/29/09 10:28 AM

#19792 RE: doggone #19789

Morning Doggone. What is your take on the price drop and the major share increase the other day. I called the TA and they said there have been no issuance's as of recent.
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Manti

01/29/09 11:18 AM

#19801 RE: doggone #19789

No. I think it's the same seller. The seller is willing to take the .0019, but the mm's want .002 from retail so they can make a buck. Typically when I see t trades, I view it as a buy to cover for shares sold short during the day, almost always at a slight discount so the mm can pocket the difference for his services. The seller will get .0019 from the mm when he covers what he was able to sell short at .002. The mm won't short more than he has available to cover from his client.