Replies to post #12776 on 02 Secure Wireless, Inc. (OTOW)

[octagramt]

basically you are following the support/resistance on level 2 with taking volume traded at each level into consideration and the available quantity of shares changing at those levels while they are being traded there. It's more useful with day trading. Are you looking to day trade? If not, then don't bother. Do you find starting at Level 2 all day fascinating? If not then don't bother. Also, it is not a high quality practice any more because most orders are computerized and the quanity of stock available at the bid/ask being displayed is not real. An ECN might be showing the order of 2 million shares available at the bid, but in reality it's actually 10,000, thus the illusion of strength in the stock is being facilitated, drawing suckers to buy the stock, where actually the same company is on the asking, tricking you into filling their sell order on the ask, where the entire intention is for them to exit the stock, not enter. Which leads me to point out that taking the ask is a sucker's game, also known as chasing a stock; professionals enter on bids, letting the stock come down to the price they wish to purchase at, thus they are in control of what they are doing. This technique you are asking about takes many many hours of experience and having someone sit next to you in real time is preferable, not asking someone on the net to teach you. Perhaps you are thinking that this reply is of no help, but me discouraging you is a favor, the same as telling someone to stay away from drugs or the like.

[Think or Swim]

I'll give you one example for bid support. The bid/ask was tilted towards the ask most of the day with MM's stacked and no volume. The mm's walked it down on next to no volume to initiate selling. That's the time for bid support. A buy order in just below high bid provides bid support and may prevent the mm's from dropping it on a 5k share trade.

Remember the mm's use automated trading platforms so if you understand L2 you can use it to your advantage. MM's are in business to make money on the trade, if there is no volume to buy with and the ask is stacked they will walk it down to initiate sellers.

[shawnzai]

Yes, buy more OTOW....the money will flow to you.

[olandug]

Considering OTOW has the potential to generate revenue of $3,800.000 a month with its expansion of service in Florida it makes no difference what price you buy OTOW at right now.

When OTOW gets to .10 and beyond and heads up to a $1.00 as revenue reports start coming in, .0055 or .0065 makes no difference, you will likely become independently wealthy either way.

From yesterday's PR:

O2 Secure Wireless will be providing high speed 4G wireless (LTE) service for a considerably populated territory encompassing the city of Palm Coast Florida, representing a market potential in the range of 38,000 households. The packages are designed to be priced competitively with the median revenue per client to be estimated at $90 to $100 per month.