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Baron Capital Enterprise, BCAP
Posted On: 03/29/2012 1:02:49 PM
Post# of 16816
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Posted By: RobInvest

I just wanted to point something out for new investors.  If you have L2 access and saw the recent buys coming in you will see why you cannot assume the L2 is thin.  The ask was around 13 million and we saw much more than 13 million in buys, yet much of the shares just traded were still 2's.  This happens because the L2 doesn't show the AON (all or none) orders.  There were people still willing to sell at the ask at 2, but their orders were not listed on the L2 with the 13 million.  Just an FYI. 














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