Bear camp 2 fighting for cheapies As mentioned be
Post# of 39368
Bear camp 2 fighting for cheapies
As mentioned before, there's 2 camps of bears on TECO. Bear camp 1 wants to wreck the stock, and camp 2 just wants some cheap shares. Notice for example that CDEL, ETRF, and NITE have lightly pinned the ask around 3 cents yet occupy the top 3 slots on bid showing over 560,000 with probably more behind it. Further down in the 2.7's there's more non retail MM's bidding.
With 50 minutes left in trading lets see what happens. There were a lot of games earlier with the high volume exchange between bid and ask and some whacks. There's too much bid volume though in my opinion showing at .0275 at this moment so chances are we see a close back at 3 cents.
[IMG]http://i.imgur.com/WrrzR.png[/IMG]