Posted On: 10/08/2012 12:07:12 PM
Post# of 16816
When $BCAP pink current hits officially, there's a new group of buyers at $0.0005 and higher.
I assume the ask will shrink again as one-tick flippers pull their orders for higher price points.
It's much more telling that no-one wants to sell $BCAP at $0.0004. Maybe it means the effective bid is already $0.0005, just has to be realized by moving one-tick higher. This is price discovery in reverse (usually the shorts effect price discovery, but since they're caught short hundreds of millions of shares that role is in the hands of the longs for now).
I assume the ask will shrink again as one-tick flippers pull their orders for higher price points.
It's much more telling that no-one wants to sell $BCAP at $0.0004. Maybe it means the effective bid is already $0.0005, just has to be realized by moving one-tick higher. This is price discovery in reverse (usually the shorts effect price discovery, but since they're caught short hundreds of millions of shares that role is in the hands of the longs for now).
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