posted
I was just wondering if anyone can explain why there is always an MM on both the bid and ask in a very extreme location. Not just penny stocks even in the big boards. For example there was an MM on YHOO today sitting at .01 on the bid and 9,000 on the ask. What is the goal of doing this as they do it on every stock in every exchange...just wondering.
Thanks in advance.
-------------------- Money often costs too much. - Emerson
**ALL POSTS ARE IMHO, DO YOUR OWN REASEARCH.**
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posted
if that quote was during trading hours it just means that MM isn't doing anything in that stock right now. ie..no orders, no position and doesn't want any action in it
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