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L1ving

04/25/12 12:52 AM

#27808 RE: perchy #27317

Ive seen market maker signals a lot (If thats what they really are) and they seem to be right a lot of the time but I was thinking that it could also just be an average Joe trying to manipulate other investors with hope or fear. It does cause a significant reaction with unexperienced investors. Could be a small price to pay to get a couple of people from dumping and closing red for the day. I was watching L2 for a couple of days on a stock where MMs were clearly shaking out weak hands and at EOD you would see
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minutes before close. One day it stopped and price soared the next day. Maybe they got their shares. I don't know how I feel about it but I do know that for ICPA we've had 2 911s and two sets of news.