Baytex Energy Corp T.BTE

BTE L2 9:20 - ALL LOOKS NORMAL?

[riddler]

11	17100	5.48
8	27800	5.47
2	4100	5.46
10	40400	5.45
1	2000	5.44
2	3500	5.43
3	2800	5.42
1	2800	5.41
9	14400	5.40
1	15000	5.39

Level 2 quotes summary

Ask	Total size	# of ordersNumber of orders
5.48	11400	13
5.50	2200	5
5.51	26800	1
5.52	9000	2
5.53	54200	6
5.54	10500	3
5.55	9300	12
5.56	53400	9
5.57	36000	6
5.58	16500

[Kelvin]

Thanks riddler, OK I'll take a stab at it but I'm just learning about level 2 which is what day traders use to predict price action and volumes. To me it looks like no major impediments on sp increase. So we may see higher volumes as some investors take profits as others jump in. Anyway here is where I started learning about level 2: https://www.investopedia.com/articles/trading/06

[Nextlegup]

Kelvin.. I just noticed your comments... Beware of using level 2 quotes as an indication of market direction....Large savy traders with specifically put up additional bids and offers in behind in hopes of influencing the sentiment of other traders to try to coerce others....Watching level 2 live I can see trading house putting in walls, floors and other levels without actually wanting to trade

[Kelvin]

Nextlegup, Thanks for the heads-up!  It sounds like 3-D chess. I struggle with the pros playing 2-D chess. So I guess that they play with people's expectations. They create headlines and 2nd level corraboration to create a rally that they sell into. Then after the rally, down the sp goes again. They buy in again, rinse and repeat. But at some point the fundamentals gotta trump these

[Nextlegup]

Kelvin I think you're on the right track... Myself, my back ground is Commerce having graduated with a degree in finance long ago, and let me tell you...perception is reality! ...regardless of fundamentals. and perception is driven by all sorts of things. Like an emotional school boy dating girls for the first time....one minute you think you've found a catch, next minute you're out

[Kelvin]

Nextlegup, You're background is finance and commerce? Grear! Then you obviously know about Reflexivity Theory. I recently learned about it after watching a youtube video on George Soros a while back. I followed up on a lot of stuff in the video. The following cut and paste exactly articulates what you just posted:  What Is Reflexivity? Reflexivity in economics is the theory that a

[Greenday]

Looks like a political strategist from the DNC wrote the Soros' profile.  

[Nextlegup]

George was the Master of gravitating towards chaos and finding the value and exploiting it... When something in the world had a volatile move, he would sometimes hop in and either buy or sell the "over-reaction" by the market...

[Kelvin]

Like when he shorted the Thai Baht in 1998 triggering the Asian tiger crisis that he purportedly made $2 billion on in 1998 dollars. And didn't he previously almost break the Bank of England in 1992? Anyway someone associated him with the Dems. I saw him in an interview with CBC (with Peter Mansbridge I think it was) where he said that he was apolitical because the nation state is dead anyway

[OLIVIER1951]

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