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Message: Market Makers Positioning?

Market Makers Positioning?

posted on Jul 22, 2009 10:31AM
I think the MMs know something we do not. They're consolidating and moving the SP bid/ask range up faster than the actual SP is moving. This looks to me like they're positioning for something upcoming. The volume is still very low (as a % of float) and the SP fairly volatile, although gaining slowly but surely. There are now only 7 market makers at or below 2 cents. There are now four MMs at or above around 8 cents. Just a few weeks ago, there were 10 or 11 at or below 2 cents. Suggest you carefully watch these trends of where the MMs pricing lay in the Level II table. They can change in a second, meaning all of the above may actually be meaningless.
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