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rheddle

08/24/09 2:46 PM

#23451 RE: tchalla #23445

If you pay attention to the tape, then how can you not like people supporting the bid?

5 mm's at the bid and 1 at the ask is a better indicator that that a stock will move up in price than if you have 1 MM at the bid and 4 at the ask, because (provided the 1 MM at the ask doesn't have an inexhaustible amount of shares and is just a retail trader) then the 5 retail guys at the bid will get tempted to give the 1 left at the ask a nudge, thus resulting in a rise of the ask price.
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mm107

08/24/09 2:46 PM

#23452 RE: tchalla #23445

the "Tape" can be highly manipulated buy BUYERS and the Sellers AND the MM's...

and a "bashers" job is to get friendly and make you think differently....just imo.

But lets get this POSSITIVE again...