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Message: RE: Someone`s buying. Time and sales...MOXA1...

RE: Someone`s buying. Time and sales...MOXA1...

posted on Oct 25, 2005 04:54PM
Nope. I think there has been a pretty good balance of buys and sells (holding us down with depth on the sell side) and, though the volume looks fairly big, in terms of dollars it`s pretty small. But if this goes on day after day after day, my opinion may change. But this is different than during the 33 cent period (so far). One, it`s only been a couple of days (but if it goes for a month....), and two, the PPS is less than a third of .33 (less money involved), and three, now we have multiple MMs involved, not just one continually dominating.

Tomorrow could be interesting, one way or the other. On the bid side, we`ve got one MM at .098, one at .097 (though these are both big broker MMs), then all the way down to .091. On the ask side, we`ve got one at .105, one at .109 (same two big broker MMs), then all the way up to .12. Which way will we go?

But I`m not good at reading the market....especially on EDIG. Somebody gets a wild hair and sells or buys, anything can happen. Likewise with any news.... I placed orders last week, and found myself single-handedly moving multiple MMs around (like right after the order was placed).

Alas, as usual, I KNOW nuttin`!

SGE

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