Redify Group (fka RDFY)

[Potse]

db7...bid/ask sizes.....

don't know how close u watch but there have been several very large bids come and go... also a 500k ask at .04 if i recall correctly

i 'think' someone is/was trying to scare some shares into the bid

I pay almost no attention anymore to things like bid/ask sizes, Level II, etc. I can't even recall the last time I looked at a Level II lineup before buying/selling a stock. Sometimes I feel like I must be one of the few people on IHUB who doesn't watch/utilize that kind of information. But I've just never been able to figure out a way to use it in a manner that would produce consistently successful results.

I recall several years ago a Level II expert/trader asked me why I was buying so much of a certain shell when the Level II looked "horrible". Shortly later I think the stock tripled or something, and the same person asked me why I wasn't selling my position because the Level II looked "horrible". Shortly later I think the stock did another triple or something, and the same person asked me why I was selling my shares at that time because the Level II looked "fantastic".

In this day of electronic trading, conditional orders, and low-cost commissions, it has become quite easy for even small retail investors to manipulate stocks by "faking" support/resistance levels.

As you mentioned above, the actual true intent of a buyer or seller is about as important piece of information as there is. But how a person is supposed to correctly decipher what is going on in a buyer's/seller's mind when orders can be entered, changed, or cancelled so quickly is a little beyond my comprehension.