Wait Until Thursday BID | Orders | Volume | Price Range | | 12 | 151,000 | 0.47000-0.49000 | | ASK | Price Range | Volume | Orders | | 0.49500-0.53000 | 357,000 | 30 | |
Bid - 12 orders - 151,000 shares - 0.47-0.49
Ask - 30 orders - 357,000 shares - 0.495-0.53
This tells me that, until news hits, share prices will hold firm at current levels.
The problem is that there are too many sellers willing to sell low.
Let's hope that they regret this weak amount of profit-taking.
We are set to open at 50 cents this morning (in premarket orders as of 8:30AM).