hey guys, I have a stock question maybe someone in this forum is familiar with...
On a lot of these 0.0001-0.0005 stocks I've noticed a pattern which I need help identifying with...
I will watch a stock at let's say 0.0003 x 0.0004 with a bid at 1M shares and the ask will be at 100M shares. But, what I will notice is that the bid will start to increase in increments of 1M every five minutes after the first fifteen minutes of trading (9:45) and will continue to do this until the bid has 15M on it...
I've noticed it at varies times, not always the same. But, what gets me is the constant huge block on the Ask like a wall and the steady increase on the bid... What does this identify as taking place or what do you think is taking place when you see this happening on a particular stock?
Thoughts?
Thanks,
(Disclaimer: Every word I write is my opinion & intended as humor and should not be used as advice in buying or selling of any stocks. Posts read beyond the first 15 minutes are subject to change and should not be used as trading advice.)
~Ssb22