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creede

06/04/10 12:10 AM

#16311 RE: Robsct #16310

Rob,

bid support is limit orders in to BUY. The orders get reflected on the BID. That is exactly what has been occurring on LBWR for at least a week now. The buyer started with limit orders at about .005, and then just keeps raising his price. I wasn't clairvoyant when I told you days ago this was probably heading up if they persist - I was just watching the BID.

At the close today our mystery shopper was at .012. If they raise the Bid tomorrow, and their order is not completely filled, then LBWR will close green again tomorrow.

That is BID support at it's finest.