How Is This Going To Help?? strong rise in the price per share I hope they can do it, In other word's guy's buy what you can But It Look's it may Drop a Bit More,,???
The "ax" is a market maker who currently has the greatest control over the stock's trading. They are who daytraders commonly look for on their Level II's. They are commonly seen supporting the bid and working to increase the bid. They could also be negatively controling the movement of the stock and selling heavily into the bid, driving the bid and price per share down. The ax may also be working to keep the price trading sideways or near the same price. Keeping the bid and ask very tight.
The ax does not exists at all times, but it is good to be aware of them when they do. They are often heavily controling the stock you are trading or looking to trade.
Commonly the ax can be found while the S-8 is in the process of completing. You should see an ax jump in and support the bid when the S-8 is close to completion. Then, of course with a strong S-8, this is accompanied with a S-8 Bounce, or strong rise in the price per share.
Artie
I just wish that I had the tool's that I have now, I would not be in this mess,