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BigPayOut
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Does anyone know what it means when you see a sell or buy go through for pennies:

100
200
300
400
500

I know its the MMs, but do the certain range of numbers mean anything??

Posts: 575 | From: Lawrenceburg | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
jack85
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Supposedly these are what they mean

100-I need shares
200-I need shares badly but dont take it down to get them
300-Take the price down to get shares
400-Trade it sideways based on Supply and Demand
500-Gap One way or the other, usually to the direction of the 500 trade

I dont know how accurate/true these signals are being that pennys are volatile

Posts: 171 | From: berkeley, il | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
yes
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I think it's just daytraders trying to start something. Dont you agree? I mean, if you get enough people believing something, why not manipulate them? Besides MMs can just pick up the phone if they need something done...

I used to believe in MM signals til I heard a site admin mention they used to know a MM and that it was all rubbish..

<shrugs>

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macdrsirules
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I do often wonder what the less than 1000 share transactions are for micropennies, dont you guys? Do you really think someone would buy or sell 500 shares of a stock that PPS is .005? I could not fathom that.
Posts: 539 | From: BIG D | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
metal1
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the small orders could also be part of a larger order.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

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