Replies to post #49570 on Chemtura Corp (fka CHMT)

[jaxstraw]

We saw a pretty solid amount of 10k and the like size blocks all day long going out at the bid. Well over a million if I had to guess.

The difference is that this time for a good part of the day institutional MM's were sitting at the top of the bid.

The saying 'For every seller there's a buyer ' doesn't hold true when MM's buy for inventory. They have to wait for a buyer to unload that inventory.

This time they were buying for an interested party IMO.

So those 'sells' are actually a good thing today in the long run.

And might actually be the reason the PPS didn't drop because of them.