No, I am not looking at the "last" bids...I am looking, instead, at the 14th and 15th bids on L2; there are 15 standard bids/asks that show on the AMTD L2, and that gauge actually is informative here. When the bids on that start to fall under .01, it has not boded well for the pps here. The fact that there now are TWO under .01 on the standard bid/ask list is disconcerting, not the "last" bids. If you don't have an issue with the pricing activity here, then I find that incredible.
Oh, and it further is noteworthy that now SEVEN asks are under .03, when all of last week there were consistently only three. The perception of MMs apparently has shifted here with the continued lack of news, and there is greater selling pressure now being exerted.
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