Replies to post #11274 on Soupman Inc. (fka SOUPQ)

[OMMB]

Level 2 is market depth. If you don't subscribe to level 2 then all you can see is the highest BID and lowest ASK. If you do subscribe to level 2 then you can see all the bids and all the asks. That's why some people will say "there is a wall at .03" that we will need to break through. Current bid ask could be 0.27/0.28 and people with level 2 can see that there are millions of shares on the ask at 0.30. So they know there are a lot of people looking to sell slightly higher. That means they can also see a solid bottom where people are waiting to buy a lot of shares so the price probably wouldn't drop below that level.

[dinogreeves]

Particular market maker facilitating the order for the trader or investor. However, under different circumstances market makers fill orders for themselves, when they get filled it's never good. For example, market makers are in it to make a few bucks here and there, so if a retail investors sells on the small blocks it adds to the market maker pile, thus they turn around and sell it for only a couple of ticks up, thus, that's why it makes it harder for to this to run because bid whackers sell in to the bid. In some instances, where there is the same market maker is on both ask and bids and when someone bid whacks, that same market maker will add to his pile on the ask. When someone sells into the bid to the market maker with large or small blocks, it only makes it harder to go up because the psychology of OTC is if there is large block on the ask after market maker got his order fills on the bid is that is a big block to slap thus hinders the move to the upside and incites more sellers into the bid.

[OBE]

L2 is actually "Market Depth" on your platform.

You might have to petition your brokerage to avail it to you.

There will probably be a cost.

I'm with Schwab. They give it to you for free HOWEVER

for the OTC (or most of it) they display only NBBO (Nat'l Best Bid and Offer) so you see the high BID and low ASK