Replies to post #27875 on DealerAdvance Inc. (DLAD)

[nycrew]

Those are Level II quotes that give a more in depth look at the current bid and ask.

.0003 x .0004 11x4 - simply means that there are currently 11 Market Makers (MM's) waiting on the BID side of the trade at .0003, and there are 4 Market Makers waiting on the ASK side of the trade.

Without Level II you would only know that the current Bid was at .0003 and the Ask was at .0004. You wouldn't be able to see how many orders were waiting at each though.

So in this case, if you wanted to buy some shares at .0004, you could see that there are 4 MM's waiting to sell them to you. Conversely, if you wanted to sell some shares at .0003, you would know (from the original #'s I posted) that there were currently 11 MM's ready to buy them from you.

With that being said, for example, you wouldn't have to 'rush' out to sell your shares just because you see .0003 on the Bid. With the Level II info showing 11 MM's on the Bid at .0003, it shows lots of 'support' at that price level. If, for example, there was only 1 MM on the Bid side at .0003, you might have to act fast before the Bid possibly drops to .0002. It's all really a judgement call when you start watching these types of quotes (Level II), but it does give you a little 'heads up' over people without them.

Hope that helps a little. I'm certainly no expert on Level II (2) quotes, but there's lots of information on the internet if you wanted to know more.

Have a good one,
Crew