Wide spread and ask sitters thick No action thus
Post# of 5570
Wide spread and ask sitters thick
No action thus far in first 15 minutes of trading. I think that .002 support will continue to be bought by bottom pickers so that million on bid probably is not representative of all those out there waiting should it dip.
Upside is being held down at .0029. The reason for the wide spread is that they want some folks to hit ask on volume, and then try walk them down to discourage buying here on Friday. Usually they need to show less shares on ask for that to work to make it really tempting. Whatever. Like I keep saying, anything under .003 is a steal so get it while it's hot.
[IMG]http://i.imgur.com/WpAm9.png[/IMG]