Tuesday, December 22, 2009 10:35:36 AM
I see a few bid squatters on Level 2....I dont know why people do this....all it does is LOWER THE PRICE. You think youre getting in cheaper but what ends up happening is because someone is selling to you at the bid, the market makers will take this down along with you...so your bid at .020 will soon become the ASK...
HIT THE ASK...this is a low floater with a thin ask and moves easy. It makes no sense not to.
you buy at the ask, ask moves up - price moves up. you buy at the bid, ask moves down - price moves down.
Trading 101 people...this is a gem here with a clear breakout of consolidation
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