Wednesday, October 18, 2017 10:42:22 AM
"No one sold into the .160, so why would the bid drop to .1575 -- if the bidder wanted shares?
"
The bid at .160 was TAKEN. That's why the ask went to .160 at the same time. there was a bidder at .160, and another at .1575. There was a seller at .163. then, someone came in and decided to sell at .160 and take that bid. they took the shares someone wanted to buy at .160, and they still had more shares on their order. So, they became the ask at .160, waiting for a second buyer to come along for the remainder of their shares. IN the meantime, the next highest bid, at .1575, became the new bid.
That make sense?
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