InvestorsHub Logo

BTH

Followers 16
Posts 4145
Boards Moderated 1
Alias Born 06/11/2010

BTH

Re: Whosetosay post# 6745

Friday, 04/01/2011 2:34:04 PM

Friday, April 01, 2011 2:34:04 PM

Post# of 80490
Level 2, personally, means nothing.

The only thing you can really do is watch the tape and see how the prints are trading.

You can have 10,000,000 shares offered and only be showing 100 shares. Further, you can show a phoney bid and display 10,000,000 shares .02 cents below the best bid, and spook the market into buying, meanwhile, you are actually a seller, offering all yuor stock for sale on the ask. Meanwhile, if your bid starts to get hit, you just pull the phoney bid.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.