though it printed .0027, the ask was .0032. at the time, the bid was .0024. iow, that trade was inside the spread. most likely reason for that is that the bid had been .0027 and mm's dropped it as they filled the order. a lot of buyers, btw, sit on the bid, and this can be double-edged. though it can help provide support, it can also keep a stock from running.
btw... generally speaking, you don't want to buy at the bell. you want to first see how the stock opens. you'll have questions that will unfold as the day plays out. for example, does it pull back, gap up, or just sit there? is the support weak? is there lots of resistance? do trades at the ask bring it back? and so forth. all of these questions deserve answers that are sometimes not easily discerned. that's why some traders rely on charts, and buy and sell only based on what they see on it.
in any case, if you're looking to buy TCEL tomorrow, and you want to do it early, one thing you might consider doing is to place an order in tonight just below the last bid and see if the stock opens in weakness. you can always change or adjust it. but regardless of what the stock does, you generally don't want to chase the price. you should pick a point where you draw a line in the sand. having targets and a strategy is an important aspect of any play. Johnstown, here, is a very astute trader who watches for unusual volume in stocks that appear to be illiquid. he usually buys at the bid. but he's experienced, and has learned to stay within himself. he also knows how to sell. he's well worth paying attention to.
i, myself, have a small position in TCEL, but my money is tight right now. i would like to add to my position, but i am content to sit on what i have, so i will be looking to buy on the bid. and as i already have shares, i'll play this harder than i would were i first entering. the 5 day moving average, a fast line that serves as support, is at .0018. my order is in at .002. my order isn't large enough that i'm going to worry about the extra 10% that might cost me. and it gives me a better chance to get filled than to play this too hard and chance getting nothing. of course it's just as possible that the low of tomorrow will be higher than the low of today, .0023, but that's the chance i'll take.
my first target here, btw, is the October double top of .005. of course, this could go a lot higher than that, but its a safe target. that said, i may change my mind rather quickly. this stock is thin and .01 is not out of the question.
i hope i didn't come across as condescending and this post is of some help to you. in any case there are lots of good posters here to help in understanding the game that we play.
best of luck to you,
rich
