Its great in theory jcool. But in reality the setting of future higher sells has no affect on any current activity by the MMs. The only time it comes into play is if the price starts trading there. Its been a myth for along time on message boards that doing htis has some affect. It has no more affect to place bids at .001 to get .01s filled, than $1 to get .10s filled. Stop losses show MMs where they can go down to and actually pick up shares. Sells set a lot higher shows them nothing that they will ever see or get a buyer. So low bids and high buys set do nothing. Unless its an advantage to an MM, they are very short sighted in the trading game. The really only good thing about setting very high sells, is the euphoria that sets in when a holder sees the massive amounts listed for the sell if those orders ever trigger. When you set up 500k for $1, and your online brokerage system shows $500,000 minus your commission as the profit or loss, it looks very nice to the customer. Outside of that, the other really is just a myth. There are some real things you can look for in Level II, and Level III. Because of some of them, others have found their way into the beliefs because its not all wrong or all right. So it allows for some to believe what they want. But there is zero affect on setting a $1 or the league minumum at .0001 when the pps is .012. But either way, nothing more, nothing less.
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