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Posted On: 04/24/2018 5:42:13 PM
Post# of 72444
I’m not saying large bids at 41 cents won’t support the SP. I just wanted to point out that buying pressure at the ask wasn’t enough to keep the SP from dropping.
The way I see about buying at the ask is I, or any long, take away the trading shares so MMs have less shares to play with. That’s a good thing for the stock because the float just decreased.
The way I see about buying at the ask is I, or any long, take away the trading shares so MMs have less shares to play with. That’s a good thing for the stock because the float just decreased.
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