Thursday, February 11, 2021 5:19:25 PM
1.5m volume in a .007 bid is worth= $10.5k total
that bid @ .007 is $5810= one will spend that
that ask @ .017 is $1360= one will sell that
The one that wants to buy isn't willing to buy @ .017
The one that wants to sell isn't willing to sell @ .007
"And is it a good thing or a bad sign?"
Most cases= BAD= lack of liquidity= lack of demand ie;
I hold a garage sale (ask) & am selling cd's @ the price I paid for them= $10.
You the buyer (bid) say I'll give you a buck $1
buy/sell or walk??
If there were a demand for my cd's,
they either pay my ask or offer (bid) $9.90 or so.
If not, the current of said cd's/stock is what someone is willing to pay for it=(bid)
If the demand= volume was good,
the spread would be a lot closer.
Cheers
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