Posted On: 10/19/2013 1:04:30 PM
Post# of 5115
What was more interesting than the 21k share trade at $0.0188 was what happened after: there were three MM's on the bid $0.0189, $0.0190 and $0.0195. No-one wanted to sell a single share into the bid. The next trade was at the ask $0.0245.
Lessons:
- There is going to be a large bid/ask spread. Anyone who wants to dump can do it at a very low Bid price, anyone who wants to sell can put their shares up on the Ask.
- Probably next to none of the shares being acquired at the Bid are being flipped at the current price points (can't rule it out absolutely, but there's no huge Ask, which would be indicative).
- The wash trading from last month and before has virtually been wiped out.
Lessons:
- There is going to be a large bid/ask spread. Anyone who wants to dump can do it at a very low Bid price, anyone who wants to sell can put their shares up on the Ask.
- Probably next to none of the shares being acquired at the Bid are being flipped at the current price points (can't rule it out absolutely, but there's no huge Ask, which would be indicative).
- The wash trading from last month and before has virtually been wiped out.
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