Posted by nanoman > 2013-05-16 09:47 | Report Abuse

I have been watching AM's CWs for some time, their bid spread is just too wide. An example will be this CM, bid from 0.11 to 0.16, giving me the impression that market making is not their first priority but selling the issue to public & profit from it is their top most priority

traders wanna buy at low price, they are willing to sell at 0.16 only.
traders wanna cut loss, they are willing to buy at 0.11 only.

this kind of issuer is the best left alone, let them shiok sendiri & they will eventually die off