RE:Green day tomorrow???Currently consolidated lots and medium sized bids about 30 levels deep. On the other side are 98% single lots with low/weak asks up to a little speed bump at $4.20 then another bump at $4.50 and $4.75 . There are asks all the way up to $200.00/share (at about 200 levels deep 2 lots 7000 shares) and everything in between. Brokers are supposed to be responsible enough to disallow extremely far reaching bids or asks because it can seriously skew selling VS buying pressure. Basically, at the moment, all signs point to UP right out of the gate, but judging the direction of a stock based on market data (albeit 24hr streaming data) 12 hrs before the market opens isn't the best practice lol
Anyway, at about 10 PM EST the MMED depth data will be upside down and backwards as it has been every day, then 15 minutes before opening it will flip back and the show will begin. What's my point you ask? Well, I don't really have one, but this thing should soon begin to float between $4.00-$5.00 (ish) for a while while we consolidate and settle some of the new financial structure. Even if she dips down a bit and runs over some rolling hills along the way, MMED is heading in the right direction. Anything available to purchase below $3.75 should be condidered a gift...
I'm definitely not an expert and, I am most definitely a novice...... So don't listen to me...... ;)
V
Buddy1959 wrote: Three days of heavy selling we need a green day!!!
Any thoughts on tomorrow??