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troutisout - Tue, 03 Jan 06 :

Red,

Not so sure it is as simple as it seems. I think that was a buy order from a good client, put to the MMs when spread was 26.5-27.25p, they raised the bid immediately and the trade went through minutes later. I may be totally wrong, but one thing we do know is the MMs are short of stock and if someone had sold 150k, I would have thought that would have been a good time to drop the price to shake out some more sellers, not to start raising it.
IMHO and I don't pretend to know how MMs minds work.

Trout.


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