Share price
posted on
Mar 16, 2011 04:19PM
What do you expect when people insist on buying at the bid? That only serves to drive the price down. MM can sell shares at any price they choose. They don't have to have shares in inventory to sell shares. Naked short sells are legal for MM's. If the only buyers are at the bid then they sell at the bid and lower the bid further. Yet, this is a cherished tradition for the followers on Agoracom.