RE:RE:RE:Big Bids Gone??Ciao,
The data is from Canada Stockwatch.
The information is good but ultimately, Tropical is correct, the market depth can change very quickly. Right now, there is not enough demand and as we have seen over the past few days, the depth has changed from high demand to not so high demand and the bids have dropped back to the mid $.60's from the low $.70's. What does this mean? The bids are not committed buyers at this time. In other words, they may want to buy the stock but they would prefer that someone sell it to them at their preferred bid price rather than going out and buying the stock from a seller at the ask price. We also know that can change quickly as well.
The bottom line is that the demand changes on a dialy basis and tomorrow is another day. It really is up to the company via the news wire to change the supply demand equation. Maybe that will happen tomorrow. What I can say is that the demand out of the US is not there on a consistent basis. Jenene Thomas is not doing her job with regards to getting those "high net worth US investors" into the stock, that is pretty obvious.