MM's and bears desparately trying to create a pani
Post# of 39368
MM's and bears desparately trying to create a panic sell off. Look at the bids creep down to the 2's as the ask pinning continues. All the did was bidwhack the remaining guys right at 3 cents. Too bad there is no panic selling.
I've been in Panic selling pennies and it's very obvious. The entire time and sales goes red non stop for the entire day and you get an entire month's worth of volume, if not more, for a day. That is what the MM's are used to seeing but it ain't happening so they must be worried going into Friday when they are so exposed to the short side.