Somebody {?Teamlasvegas} posted earlier today that NITE was back sitting on the ASK. If you're not familiar, the MM NITE has historically been the leading "badboy" of pennyland MMs and has been busted and punished {if you can call a tongue-lashing "punishment"} many times over the years for various infractions involving penny stocks. Having NITE on the ASK means "he" is selling shares. Trust me, if NITE is selling, DNAG is being shorted. Naked? I don't have a clue. Doesn't matter as virtually EVERY stock out here has/is been shorted most likely by NITE at some time. My point is, when I watch level II or III and I see NITE on the BID, I take that as a "good" sign. If he is selling, I tend to be very skeptical. I'm not talking about intraday trading either. All MMs tend to bounce from the BID to the ASK depending on how fluid and active the stock is. I'm talking about when a MM is "setting up camp" on a particular side for an extended period.
JMHO
Theo;-)
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