News Focus
News Focus
Followers 28
Posts 2132
Boards Moderated 1
Alias Born 11/04/2005

Re: tedwitt post# 180371

Sunday, 11/19/2006 5:16:30 PM

Sunday, November 19, 2006 5:16:30 PM

Post# of 311080
tedwitt, ABLE was being portrayed as giving strong bid support and buying all those shares for wessal or someone.

First look at the monthly trade volume here:

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=sljb&SortBy=volume&Month=1...

Those are buys and sells month by month, ABLE wasn't buying anything unusual but was often showing a bid size of 100,000 on L2's while all the other MM's were showing a bid size of 100 or 1. SLJB is an unsolicited pinksheet, that is why you see bid size of 100 or 1 where as you would normally see 5000.

Someone was showing fake bid support by using ABLE's trading platform IMO it was an insider from SLJB.

L2's are a great tool if you know how to read them and how to read the BS the MM's play on them. L2 screens in the hands of an amateur is the same as showing a novice charts and saying look it's going to fly.

Shizoku

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y