TSXV:ABV - Post Discussion
Post by
AlphaMiner on Dec 21, 2012 2:06pm
Gonna move explosively
The asks are very sticky and are not giving in. Bids are not being placed even though the buyers are watching. At this point buyers need to bite the bullet and take the asks out. Then this will move quickly. Monday's open will be very strong after this stock is looked at over the weekend. 2 hours to take a positiion and its not getting cheaper.
Level 2 looks solid but is probably not telling the whole story because buyers are not placing bids hoping sellers will feel threatened and take profit. I am actually surprised by how tight the shares are being held. We have buyers, tight sellers, and low float. 3 ingredients for explosive movement.
| Orders | Volume | Price Range | | 22 | 511,000 | 0.055-0.075 | | ASK | Price Range | Volume | Orders | | 0.080-0.110 | 328,000 | 7 | |
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