RE:RE:RE:RE:Level 2 isn't PrettyI hope you are right about the close, would like to see this back in the high 30's again soon. As I am sure you read, I am not an expert by any means. But when I repeatedly see bids pile up by the hundreds of thousands and then watch them get filled 5K, 10K at a time by bringing the ask down over and over again I just had a hunch.
For example
Currently (as I type)
Bid .235 62000 shares
Ask .24 1000 shares and .245 32000
I will see that 32000 shares @ .245 get knocked down a couple thousand shares at a time until they are gone, then the new bid will be .23, then .225, then .22 and so on.
So when I said that this will touch .21 I am seeing bids piling up between .23 and .21 (hundreds of thousands) than then it drops right off. 300K ask price of .21, then a whopping 14K @ .205
I see this all day long, bidders and sellers do not budge but then misteriously an ask shows up (usually a couple thousand shares) and those "firm" asks start to drop
bigstar10 wrote: Hey Nukzzz I'll bet ya it closes over .245 today, learn a bit more about Level 2 before trying to predict opens & closes with it, lol
Shorts are playing a game of hot potato right now