AI
Friday, December 21, 2012 12:43:19 PM
It doesn't go to .001 after that. It will go to .0007. Why? Because the only real player on the stock is showing their lowest ask. that is .0006 right now. When that is gone, then they will show their next lowest ask, which is .0007. OTHER mm's may not have anyone on the ask until .001, but that doesn't mean anything in this case. the ask was 2 million or so at .0007, and then someone came in with that small order at .0006. So that is lower, and that became what the MM will now show.
Not saying I'm bullish or bearish and this post is not to be positive or negative on the company. Just giving information on the L2 levels and how they work. Hope that helps some.
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