RE:HEXO LEVEL 2Level 2 doesnt mean jacksh1t. Theres something called a market maker that provides liquidity. When Im in a hurry and I smash the bid or ask (market order) i get more shares at that given level than what was offered up. Why do walls of asks/bids dissapear for no reason even though no order went through? Level 2 is a worthless indicator.
quinlash wrote: those keeping track of the level 2 reports will see that the support at .90 ramped up over yesterday. Investors are slowly but surely coming in to bid on the shares. Some will hold their bids at .90 or lower, some will step up and start taking the shares out at the asking levels. Between all those trades the market will set the price.
My own view on the shareprice today (considering its Friday) is a ramp in volume going into close with ramp up in price. This is based on the level of support we have between .89 and current shareprice and lack of resistance on the ask side. Short sellers not risking news after close or on monday will opt to buy out / cover their shares prior to the market closing.
Expecting shareprice on close to be between .95 and .98, depending on the level of covering going into close the price may run higher. Last 10 minutes of trading will tell us.
It's a common play on a friday.
JMHO
Q Level 2 Quote
Level two quotes - Bid | Number of Shares | Bid Price |
| 394,500 shares | 394,500 | 0.910 |
| 623,500 shares | 623,500 | 0.900 |
| 204,500 shares | 204,500 | 0.890 |
| 224,500 shares | 224,500 | 0.880 |
| 54,500 shares | 54,500 | 0.870 |
| 71,500 shares | 71,500 | 0.860 |
| 85,500 shares | 85,500 | 0.850 |
| 28,500 shares | 28,500 | 0.840 |
| 14,000 shares | 14,000 | 0.830 |
| 25,000 shares | 25,000 | 0.820 |
Level two quotes - Ask | Ask Price | Number of Shares |
| 0.920 | 227,000 | 227,000 shares |
| 0.930 | 198,000 | 198,000 shares |
| 0.940 | 345,500 | 345,500 shares |
| 0.950 | 237,000 | 237,000 shares |
| 0.960 | 204,500 | 204,500 shares |
| 0.970 | 139,500 | 139,500 shares |
| 0.980 | 313,500 | 313,500 shares |
| 0.990 | 248,500 | 248,500 shares |
| 1.000 | 275,000 | 275,000 shares |
| 1.010 | 38,000 | |