It used to be easier to recognise dilution (in L2 on the mm) but I find that it is more difficult these days to recognise dilution, when dilution begins and when dilution ends, as I have the feeling that almost every MM can now dilute and then all a trader can do is wait for the weekly updates in the OTC market and compare whether the companies are diluting or not
or can you tell me another strategy ? How do you recognise that dilution has ended ? How do you go about it these days so that you can see where dilution begins and where dilution ends ?