PHarris, I suspect that's only "spread" action showing a buy at the "ask". If they turned around and sold the shares at the "bid", it would be an instantaneous 25%+ loss. The "bid" would have to increase by over 33% just to break even, considering the impact of a commission.
I personally don't perceive % fluctuations between bid and ask prices to be "real" changes, just representative of what the MM skims off the unsuspecting.
Regards,
Bob
PS: Starting to get a little cool up in the foothills? |
