I often see specialist prints right before the price is about to change it's direction. The only problem is that those prints are often on the wrong side from my prospective... Of course specialists make mistakes more often these days when the flow is fragmented and 90% or so of all trades are done by Hybrid, but not so often unless I see it just plain wrong. Example: 20.01 x 20.05 1 x 1 50s20.04 <- specialist print with price improvement 20.01 x 20.05 1 x 1 20.03 x 20.07 3 x 1 ... and the price is going up from now on. or 20.01 x 20.05 1 x 1 50s20.05 <- specialist supplements the size on offer 20.01 x 20.05 1 x 1 20.03 x 20.07 3 x 1 ... Question: in the examples above the specialist has to be contra-party of the trade, so he's selling from the inventory right before the stock surges upward. What am I missing?