Replies to post #15225 on Tivus, Inc. (TIVU)

[nathanial]

L2 gives depth of bid-ask.

[PianoMan75]

You don't, if all you want is the current highest bid/lowest ask. L2 will show you how many MMs are on the bid and ask, and at what prices. People who have been doing this a while know what seeing certain MMs on the ask (or bid) means.