Here look everything happened just like I said by reading the bid on L2. You can do the same thing on the ASK. Like TAKI does. To fight against it you need volume of buys. When everyone panics and you have lots of profit taking you get today. Not saying it's all that bad, I'm just saying it happens.
Posted by: owgur Date: Wednesday, July 29, 2009 9:53:42 AM
In reply to: fivestar who wrote msg# 28583 Post # of 28902
Well then it's good old fashioned bid stacking. I've never tried the stop loss in a otc before. But there is quit a few bids stacked 20k and that will bring price down in low volume.
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Posted by: owgur Date: Wednesday, July 29, 2009 9:56:00 AM
In reply to: ziptied who wrote msg# 28586 Post # of 28902
See the 20k stack at 0.015. If the volume stays low we will hit it. Come on volume........lol
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Posted by: owgur Date: Wednesday, July 29, 2009 10:52:37 AM
In reply to: None Post # of 28902
If we reach the 15K bid stack at 0.015 and the stack jumps to 0.014 then you know there is someone bid stacking.