Just because L2 looks thin, doesn't mean it is thi
Post# of 68
Just because L2 looks thin, doesn't mean it is thin. MM's only need to show their lowest Ask and their highest Bid. They could have thousands, tens of thousands, millions of shares stacked up at every tick, and you just can't see it.
So, when someone declares "We are thin to a penny!", they are just trying to manipulate the ignorant (uniformed/unknowledgable), into buying at the Ask. I wonder how many times, the declarer of the Thin Ask, is really the one selling on the Ask........ oh my.....