Why the drop today?Anyone have any ideas? I know that today is an overall down day in the market, but this one seems to be overdone -especially technically. Picked up a few K at $1.60. Based on L2, I think we go up from here....
J$
| Level ll Quote |
| Bid | | Ask |
Price
| Total Size
| # of Orders
| | Price
| Total Size
| # of Orders
|
| $1.60 | 123 | 3 | | $1.61 | 69 | 8 |
| $1.59 | 258 | 8 | | $1.62 | 15 | 2 |
| $1.58 | 226 | 7 | | $1.63 | 106 | 5 |
| $1.57 | 146 | 5 | | $1.64 | 76 | 3 |
| $1.56 | 288 | 5 | | $1.65 | 97 | 6 |
| $1.55 | 219 | 9 | | $1.66 | 66 | 5 |
| $1.54 | 5 | 1 | | $1.67 | 75 | 5 |
| $1.53 | 14 | 1 | | $1.68 | 244 | 3 |
| $1.52 | 95 | 4 | | $1.69 | 25 | 1 |
| $1.51 | 25 | 1 | | $1.70 | 120 | 1 |