Soupman Inc. (fka SOUPQ)

[OMMB]

Level 2 is market depth. If you don't subscribe to level 2 then all you can see is the highest BID and lowest ASK. If you do subscribe to level 2 then you can see all the bids and all the asks. That's why some people will say "there is a wall at .03" that we will need to break through. Current bid ask could be 0.27/0.28 and people with level 2 can see that there are millions of shares on the ask at 0.30. So they know there are a lot of people looking to sell slightly higher. That means they can also see a solid bottom where people are waiting to buy a lot of shares so the price probably wouldn't drop below that level.