Replies to post #23661 on Pharmagen Inc (PHRX)

[kronosx8]

You're better off trying to figure out how the pump and dumps work. L2's don't really tell you a whole lot because they themselves can be manipulated and often are. You will see 5000 sitting at one level, watch 50k get sold, and still see that 5k sitting there. MM's hide their share counts and other tricks to manipulate the price. With the volatility the L2 can only help you out so much, but basically if you got major bid support the price is going to move up and vice versa, but of course, this isn't always accurate.

[DontStopMeNow]

Yea you get it, L2 isn't a do all-end all way of trading, it's just an indicator as to what the MM's are doing... if you see them starting to sell off their shares then you better freakin do the same! ALLLWAYS remember to take profit on the way up, cause when they start their little selling spree its real real real hard to sell your shares.