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Smalls

05/04/11 8:33 AM

#9792 RE: ~MulaGreen~ #9785

I would agree in most cases however I saw UBSS sit on the ask for over two and a half hours yesterday selling millions of shares. And for one of those hours there was literally 1 sell in that whole hour. It was the first time I've ever seen a MM sit on the ask for that long selling that many shares. It was pretty ridiculous.
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bgraichen

05/04/11 8:34 AM

#9796 RE: ~MulaGreen~ #9785

I completely agree.
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Randizzle

05/04/11 8:36 AM

#9799 RE: ~MulaGreen~ #9785

What held the price at .0114 yesterday with all those buys?
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drugtester

05/04/11 8:58 AM

#9810 RE: ~MulaGreen~ #9785

I will have to partially disagree with you Cent. The makers do at times manipulate the trades to create a false appearance of weakness/strength. It has happened to me numerous times. I have had buy orders at the ask and they end up filling them on the bid, then they drop the bid/ask. That tactic creates the appearance of weakness and can induce further selling.

It generally only happens to me on Pinks and OTCBB.