The MMs ALWAYS know. They're the smart money.
We have seen this many times with PWTC and thousands of times with other stocks.
Either the brokers get wind of increased demand from the Retail side through the brother-in-law effect or the brokers
learn of pending news through other sources and soon after the MMs know what's happening because all trades must ultimately go through them.
Whether they are Long, Short, or Even, they start to "position" themselves for whatever the upcoming action will be; positive or negative. Their "position" is reflected in their Bids and Asks.
We common folk can see that to some degree with Level II but I understand that as long as their MM ID is in capital letters, the amount shown is NOT their actual "book".
Is this collusion, information, conspiracy?
Answer D: All of the above.
They are the market "makers".
I only know what I read........and only half of what I see...
........................or something like that. Ha. <g>
The Ask jumped to .10 and then back to .09 at 15:30 with the Bid staying at .07 and no trades in the last half hour with a penny and a half spread.
Something soon I say.
IMHO
Bill O>
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