Baytex Energy Corp T.BTE

Oddly quiet on the ask front today

[BayStreetWolfTO]

Lots of small retail order processed today...interesting still quiet going up.

Strange..normally there is way more activity going up....

[Nothingmatters]

Yeah pauper as retail is the ladt one holding the bag

[BayStreetWolfTO]

So looking back at my records...the last time I noticed this anomoly was after a significant uptick in the short position. In my opinion you have some taking positions looking at the market and macros and taking advantage of the softness. Last time it reversed though it was rocket fuel. It will be interesting to see...If true the longs have held...shorts have increased...and we wait for the

[IndianSparrow]

This is actually a good thing in terms of technicals. This is showing exhaustion on the ask side which signals that a majority of retail has sold. It does not mean that price should shoot up right away. But it will be hard for retail to buy back the volume they sold at these prices. Also, MMs can now quickly move sp higher which in case of BTE is overdue.

[deepblue]

Lol...L2 means nothing. Tomorrow you will see the ask below $7

[BayStreetWolfTO]

Yes just interesting data point... I imagine lots of noise on the board...and people discounting it.