Spotting dilution
Many will watch level 2 to see what market makers are on the ask. Certain market makers are notorious for being used mostly for dilution. Top Retail Dilutors : ACAP, AGIS, BAMM, BMAK, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN. Other market makers, like NITE, are very large and cater to both retail investors and companies looking to dilute[color=red]. A very low share count by a market maker on the ask that never seems to fill is about the best indicator you could spot.I saw BMIC several times tday with only 10,000 showing in a row.
Then at about 10 mins or more before close there was a 40 million sell order came thru at .001501 then he disappeared..