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Bullboard - Stock Discussion Forum KGIC Inc LGLTF

"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."

GREY:LGLTF - Post Discussion

KGIC Inc > Current Depth
View:
Post by BigPapaStock on Feb 23, 2015 1:15pm

Current Depth

Here is the current depth on LOY. Nowhere to go but up really. I saw the support at .40 earlier today. I believe there's another 200-300K on the bid there. If you look at the orders, much more on the buy side than sell side. Great time to buy here and if you're that nervous, set a stop loss at $.40. The way I see it is unlimited upside versus a less than 10% downside if you stick to your stop loss. Easy decision.

V:LOY Depth by Price @13:11:32
Bid Ask
Orders Size Price Price Size Orders
4 32,000 0.425 0.43 44,500 3
17 157,435 0.42 0.435 55,000 5
10 108,500 0.415 0.44 32,000 4
14 135,500 0.41 0.445 150,000 1
9 156,000 0.405 0.45 6,000 1
Comment by 60606060 on Feb 23, 2015 2:10pm
If the buy side was real the HFT would not pull the trades. The ask side price is held by a rotating few. If say $.43 goes it is immediately replaced. You won't see the ask pulled- just replaced. Where is $.46-.47-.49 .Half million trades and nothing changes to the upside.
Comment by Yun321 on Feb 23, 2015 2:37pm
I look at LOY at this way: downside until MA 20 hit below $0.44
Comment by 60606060 on Feb 23, 2015 4:02pm
You should re-think what you said. The 20 MA is $.49 today and the 50MA is $.46. We are not going bankrupt are we!
Comment by Yun321 on Feb 23, 2015 5:44pm
Just my guess, you can ignore this. ( go below $0.40, and go up to $0.50s. And new financing at $0.52.). This is based on nothing, so you can ignore.
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