Posted On: 09/10/2014 12:12:55 PM
Post# of 56323
A day trader would have to buy 500000 shares to make 1k if the PPS goes from .063 to .065. Its not day traders causing this little back and forth. MM's just shaking the trees a little. Making $ on commissions. When there is a slight bit of uncertainty they love it! Makes them big $.
Just a scenario: Opens at .066 and hangs there for a bit. Then the price drops to .0618 which I think it did. Some doubtful share owners are like "Shit! I shoulda sold this morning. Now I am down a couple of g's." Price goes back up to .065 and those peops see their chance to sell. MM's sit back and collect. Rinse and repeat. They make a hellava lot more $ when the PPS acts like this rather than has a range of .066 to .067 all day.
Just a scenario: Opens at .066 and hangs there for a bit. Then the price drops to .0618 which I think it did. Some doubtful share owners are like "Shit! I shoulda sold this morning. Now I am down a couple of g's." Price goes back up to .065 and those peops see their chance to sell. MM's sit back and collect. Rinse and repeat. They make a hellava lot more $ when the PPS acts like this rather than has a range of .066 to .067 all day.
(0)
(0)Scroll down for more posts ▼
