Comment Re:Someone bought those shares today. (Score 1) 368
See "market maker" at wikipedia (http://en.wikipedia.org/wiki/Market_maker):
"... U.S. exchanges, most prominently the NASDAQ Stock Exchange, employ several competing official market makers in a security. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers."
Basically, these market makers have to buy, even when everyone else is selling.
"... U.S. exchanges, most prominently the NASDAQ Stock Exchange, employ several competing official market makers in a security. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers."
Basically, these market makers have to buy, even when everyone else is selling.
