RE:On The AskLevel 2 can be deceiving. All about order flow. Big offer is probably legit but after that some are just mimicking him. If first guy shows 100k, second guy may say he has 75k but really just plans on getting it from first guy if an order comes to him. Plus, one of them may want to take in stock at bid and spin it out but doesn't have any now. I use L2 to get a gist of what is happening. If the whole 300k was one MM then I would say it was Baldock trying to sell and be worried. Once you see some orders go thru you'll see the number come down fast.
T