Posted On: 10/26/2016 12:23:03 PM
Post# of 75357
Filling the gap...for those unfamiliar
When a stock gaps up at the open, as RMHB did this morning....then MMs may need lower priced shares to make up for the shares they sold (possibly short) at the higher opening price.
That's why its not unusual to see a stock pull back to the previous day's close after a gap up......allowing MMs to buy back the shares they sold higher after the opening bell.
When a stock gaps up at the open, as RMHB did this morning....then MMs may need lower priced shares to make up for the shares they sold (possibly short) at the higher opening price.
That's why its not unusual to see a stock pull back to the previous day's close after a gap up......allowing MMs to buy back the shares they sold higher after the opening bell.
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