Titan Medical Inc (TMDIF)

[OR Nurse]

What is an Order Imbalance and how does it work...........The easiest way...
to comprehend this on a phone without using level 2 for instance....is picture the price at 1.50 on the bid where there are orders sitting wanting to buy in.

Normally they work like this on level 2 displayed.....This is for after hours and premarket....


On the sell side(ask) picture an order at 1.53, another for 1.59 and one for 1.65...say each one has 1k shares to sell...A buyer logs on and want to buy say 2000 shares and wants it now.That buyer will look at the 1k being offered at 1.53 and the other at 1.59......that gives him 2k shares he is sure he can get that is displayed. So he places an order for 2k shares at 1.59 and he gets 1k for 1.53 and the other 1k for 1.59 His order is filled.

Now,there can or might not be any orders on any other exchanges at that time.So,what I typed is 100% correct. This now only leaves 1k at 1.65 for sell on the ask.....Someone places an order for them and they are sold.Now you have all buyers and no shares listed on level 2

Someone then can put up a sell order for 1.80 on the ask let's say and if it gets sold you move up higher now....This creates the order imbalance or flow.Sometimes deep pocket players that already have a position but are willing to play around and add more shares to create momentum,they will keep buying the shares on the ask creating a volatile situation with the order imbalance.I have seen 1000 times stocks runs dollars like this especially really low float stocks this time of year.

If anyone is interested I will look early tomorrow and throw one up premarket so you can see how it works.Level 2 is a must to comprehend the moving and order flow.

Just thought I'd spew off about order imbalance as we had a minor one here tonight.They happen quite often when no one is willing to post shares for sell......

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