Newstrike Brands Ltd NWKRF

LEVEL 2 - Expecting another Lurker seeking sub .54

[quinlash]

This is anybody's guess but, looking at the morning volume and price spike, I would not be terribly surprised if we have a buyer who is not posting support and waiting for enough shares to be offered below .55 below placing an order and taking out 2-3 levels of resistance... with that said, if you are looking to exit I would bet if you posted your shares for sale at .54 the order will fill before close of trading...   JHMO... 

Level 2 Quote

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Level two quotes - Bid

Number of Shares		Bid Price
38,000 shares	38,000	0.520
159,500 shares	159,500	0.510
194,500 shares	194,500	0.500
10,500 shares	10,500	0.495
139,000 shares	139,000	0.490
8,000 shares	8,000	0.485
236,500 shares	236,500	0.480
25,000 shares	25,000	0.475
17,500 shares	17,500	0.470
500 shares	500	0.460

Level two quotes - Ask

Ask Price	Number of Shares
0.530	45,000	45,000 shares
0.540	104,000	104,000 shares
0.550	256,500	256,500 shares
0.560	70,000	70,000 shares
0.570	191,500	191,500 shares
0.580	73,000	73,000 shares
0.590	155,000	155,000 shares
0.600	309,500	309,500 shares
0.610	90,000	90,000 shares
0.620	149,500	149,500 shares

 Always Show

[Dealmaker]

Could be the new management trying to get some shares... and the sheep are selling cheap 

[Stockmoves1]

or it could simply be teh MM that took profit at 57-9 is having a hard time breaking it lower.... thus a time delay.... i say better luck next time at 77 lol............

[mystique1]

quin.......remember that when you are looking at level 2, iceberg orders are not shown. This is what funds, institutions and "big buyers" are familiar with and use.

[quinlash]

Hey Mystique1, thanks for the comment.  I had heard of iceburgs before but after looking it up I was surprised to see that you are correct regarding the fact that they are hidden from Level 2 views.. actually I am also disappointed with that too as it seems like another way banks etc can just lure investors into selling their shares.. anywhere there is money there in manipulation I guess

[Stockmoves1]

what changes all this is when one institution takes it to another institution... lol.. thats when the fun begins...truth be known the stock turned bullish.. consolidation is what we presently have until a catalyst changes....... bring on 63-67 and 77-84 again.. patience.. then we can talk about others 5$ predictions..

[flyboy27]

Why do you folks think the volume is so low currently??

[1worker]

This post has been removed in accordance with Community Policy

[Stockmoves1]

why so low volume because the selling has dried up.. so pop or drop always brings volume.. lets pop............

[Stockmoves1]

gooona be nioce to see the A warrant at 30 sooner than later.. come on HIP lets go 71...

[quinlash]

The shareholders that wanted out sold, so did those who were looking to daytrade all or part of their holdings.  For the most part I think we have investors now that feel their shares will be worth more in the near or long term that what they can get for them now.  When this pops again we will see another round of selling and daytrading which will drive volume until the next new level is

[Stockmoves1]

well put.... prior R becomes S when you move up a level.. with 57-9 being R once we push 63-66 57 becomes support.. once we push 71 63 becomes support and so on..

[Ggeeman]

they use the famous ATS Quin...Google it