Ive rarely if ever see MM's fighting in PM and AH trading on this stock, especially on low volume, no news days. They always allow ISEG to be the lowerst ask, and usualy the highest bidder. This boxes in trades, making it hard to fill anything outside this range. It seems weird to me the respect other MM's give this range, almost like they feel confident on that day, the stock is going where ISEG will allow it to go. Maybe they feel since that is the case, ISEG, on low volume days, with no news, has more shares to make sure their agenda is the one for the day. Now, if you noticed the last time it was touching .32, I was laughing to other posters how funny it was to see the MM's jumping to a higher bid, finally. You knew that was the bottom. Now there is no order, and they get greedy. But if a MM thinks ISEG can get it to .34, .32, .33, why not wait till there to buy, why interfere with that? Remember, their goal is buy as low as possible. Sometimes they maybe even jump on and help this process. Nothing illgeal in theory on there end, thats for sure. IF you have the money and the pull, and you start your own MM service(broker) you can do some damage to these guys. But its a private party, and your not invited. Your only invited in as the ARCA and NASDAQ trade, and your second fiddle. Notice how NASDAQ and ARCA gets treated. They are very active, but ISEG jumps up and will steal NASDAQ sellers all the time. Then let it fill down.
Whats happening is a transfer of shares for dumb money to smart money. If you see heavy ISEG and CINN and BATS buying, then you know its going up eventually. If you see them dumping in mass amounts, then you know they are either shorting to keep a range, or dumping shares to book profits. Sometimes Im sure, even a little of both.
Last edited by relmor2003; 06-20-2009 at 04:07 PM.
http://img221.yfrog.com/i/28375655.gif/
This is way too funny
that link goes to show there are smart people invested in siri, nice splice of the pics, that tells it all.
Where are we on the downloads now?
I swear to God it's going to take a fracking SIRI implant to get this thing over .50 ...
NEWSFLASH!
This should send the sp skyhigh!
http://www.examiner.com/x-448-SF-Rad...ir-on-XMSirius
Gay music? What is gay music, ABBA? Maybe I'll listen and find out.