Cynic -- or realist? Remember that years ago I knew a guy who had worked as a junior trader at one of the big firms. He said that the junior traders met after work at bars and agreed on what the signals were -- both size of bid or ask, and exact price could be signals.

Remember those out-to-7-places "trades" we have seen? Guess what those were?

Also we hardly ever saw trades out to more than 3 places. Then suddenly we're seeing things like 565 shares at .6804. Gimme a break. 0.0004 is going to make a big difference for someone's small "investment"