GREY:CVHIF - Post by User
Comment by
ChaseYourDreamon Nov 28, 2016 12:26pm
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Post# 25522244
RE:Holding Pattern
RE:Holding PatternCompare merged bid-ask after half a day of trading up from .115 to.125:
Reduced numbers of bids (47 from 54) due to completed trades, but with larger current volume (1.0m up to 1.2m at higher Bid)
Mosdest increase in Ask volumes and numbers of bids, but (again) after many asks have already been bought at lower SP, so these might mostly be static ones now counted in 5-price-level totals.
.13 was briefly the active ask around 10:30
Total volume 385k higher than Friday's total, but still much lower than average of last two weeks
Bid-Ask at 12:26:
Bid Size
228000
Bid
0.12
Ask
0.125
Ask Size
65000
Last
0.12
BID | Orders | Volume | Price Range | | 47 | 1,169,500 | 0.10500-0.12500 | | ASK | Price Range | Volume | Orders | | 0.11500-0.14000 | 604,500 | 41 | |
ChaseYourDream wrote: Still 2:1 ratio on merged bidding volumes, but total volumes half that of last week
Massive imbalance on the low side of the spread. Ask at .12 sure to be bigger, buit how much bigger?
Wheh trading volumes decline that usually exposes the SP to erosion, but we have seen that the resilience of a genuine demand on the bid side has persisted at every price point over the last 2 weeks, so the shorter's perennial cry may not be fulfilled.
Bid Size
241000
Bid
0.11
Ask
0.115
Ask Size
11500
Last
0.11
BID | Orders | Volume | Price Range | | 54 | 994,500 | 0.09000-0.11000 | | ASK | Price Range | Volume | Orders | | 0.11500-0.13500 | 496,500 | 27 | |
GLTAL CYD
Bid Size
241000
Bid
0.11
Ask
0.115
Ask Size
11500
Last
0.11