Morning gfp, Those large bid/asks you sometimes see are often just head fakes put out there my market makers/players that want a stock to "appear" one way or another, showing strength, or weakness, depending on current action. I have seen them for years in many stocks, including last week at least 3 I saw with my own eyes.... in one case a 9300 share ask would appear, and then disappear as soon as I put an order in... then within a few minutes it would reappear. This happened for hours.
Cor had 5300 shares total traded this morning and the price after 5300 shares was .83, then after 7500 shares total traded for the day, they were back at .92. Pretty big swing and once again, imo, showing that it would be very difficult to exit in this environment without getting hurt.
I like looking at charts, and have done so since before there was a windows 3.0, but all the charts in the world, again jmo, won't show you how a thinly traded stock is really trading until you start watching the orders going in and out. Charts are great, but making REAL money means going up against humans, and gauging if you can get a big enough position, in and OUT to make it worth your while in that given trading environment.
OT, surf posted on his hotbiotechs board this morning that all of the fund money that was in genentec, will have to be redistributed among the remaining bio's, as roche is not considered a bio, hence the need for redistribution. If it is a biotech fund then likely they have limits and rules about sticking mostly with bios, so it makes sense that the money would have to find a new home should roche be successful. Might be a plus for big bio shares.
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