Replies to post #15149 on Capstone Green Energy Corp (fka CGRNQ)

[Wild-bill]

l have been watching ll2 much of the day

It's interesting to pull up the trades screen and watch that. I really paints what's going on with peck,peck on the bid all day. Today at 15:50 buys 434K and sells 723.8K.

That's where the real damage is done. I can't tell you how many times the buy:sell imbalance suggested we should see some hitting the ask, but NOOOO! Just keep hitting the bid.

And then at various times a larger numbber of shares goes off in a single minute or so, e.g. 15:21 74.4K $0.85-$0.8501. I assume this is some MM that is cleaning up after successfully distributing or acquiring orders at the necessary price.

Bill

[gene_genome]

l have been watching ll2 much of the day..

We all enjoy watching Capstone on Level 2..

Here is a short article originally published in the December 2012 issue of Technical Analysis of Stocks & Commodities magazine commenting on level 2..

.."Going way back to the 1990s, the NASDAQ market makers were the only ones who had access to what is called Level 2 or depth of book quotations. In the 2000s, everyone was given access, and the games that were/are played now came into being.

Putting in false bid or offers to bolster what direction we would like to see the stock move is illegal and should not be done.

The addition of the National Market System (NMS) in 2007, where all orders must be routed to the best possible marketplace, made the depth of book even more meaningless. Add to this the unseen “dark pools” of liquidity and subpenny pricing — and well, you get the idea. Don’t waste money on any of these “special services.”


http://traders.com/index.php/sac-magazine/current-contents/q-a-a/aspects-of-trading/1841-on-wasting-your-money