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Avid Technology, Inc. Message Board

  • semper_spqr semper_spqr Jan 16, 2003 10:17 AM Flag

    On balance vol

    This running balance is already negative, and the stock is up.


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    • I have to leave now as my favorite show, Jerry Springer, is coming on.

      Before I go, let's review Level II high-jinx:

      The MMs watch as stooges enter bids galore at 22.10 while the last trade is still 22.60

      When these low bids are stacked high enough, the MMs swoop in and sell into them all.....let's say they sell 20,000 shares at the 22.10 bid.

      To keep prices high, they immediately fill 2,000 shares at the ask...that is, they buy 2,000 shares at the ridiculous 22.60 ask and the price climbs.

      This is stealth distribution; they do it all the time.

      Eventually, they finish transferring their worthless shares to Iman and friends.

      Then they stop the over...single digits.

8.11+0.06(+0.75%)Sep 23 4:00 PMEDT