Well the bid is .041 but the ask is .08 currently. I don't
Well the bid is .041 but the ask is .08 currently. I don't look at pre-open bid/ask because on a lot of stocks its kind of skewed. I have been watching the Level II and at the bid for the last few days there was almost a couple 100k at .07 and .075. Those are probably people wanting to buy below ask price. It seemed to have swooped down and filled those orders. Only thing I can think of is somebody put in a market order sell for 100k plus shares (not limit) and it sold at all different prices. Of course it could just be the market maker playing games as well. Level II now shows 16,600 shares bid side, at .041, 10,000 of which are mine. the ask is still .08 and there is 105k shares sitting at .08 up to .0895. Those are probably sell orders waiting to be filled.
Just started watching Level II, not an expert. I
I believe the stock will settle at about .07 today.
I would be surprised if my 10k order gets filled at .041 on the bid side.
Thinking a P.R. will take this to double these levels based on what is said.
There is not a mass sell situation going on here so that is extremely promising. Indicates to me that most shareholders are waiting patiently and the day traders and pump and dumpers are not in this stock.
Think the market maker is trying to stir things up.
Keys for this stock to rise and stay up.
1. Another larger corporation slowly and methodically accumulating shares in perhaps an attempt to buy it out.
2. Scientists spreading the word that this is the best invention since Penicillan and stock price slowly rises.
3. A news release with Journal info as well as projected sales. (Journal info alone will be good but temporary). Need sales potential, growth, alliances, etc.
2
1
Nanologix Inc (NNLX) Stock Research Links
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