Shake Out Yesterday was a good shake out of flippers. Now the bids outweigh the asks which indicates a consolidation here. That makes perfect sense. Of course there are some flippers who bought at .12 - .14 recently but they'll only cash out if they need to indicating that they might be more patient swingers. It's the run on any news for a good V stock that the days prey on and we get less of a true market determined SP value when they are around.
Here's the current b/a
# Orders | Shares | Bid | Ask | Shares | # Orders |
2 | 30000 | 0.115 | 0.120 | 19500 | 1 |
9 | 155000 | 0.110 | 0.125 | 102000 | 4 |
7 | 401000 | 0.105 | 0.130 | 35000 | 2 |
14 | 620000 | 0.100 | 0.135 | 93000 | 4 |
6 | 121500 | 0.095 | 0.140 | 128000 | 7 |