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sjussju

03/14/14 9:12 AM

#23606 RE: mikeysox21 #23604

Far more than 60,000 left at 2's.

Most MM's that brokerage won't put out their full volume until after market open. Some of the MM's will only ever show you 10k bids at a time, but keep replenishing these. They do this so you don't know the volume they're bidding/asking at anytime but do tons of 10k trades, the rest do not put the full volume out until after market open.

Check your 0.0002's again after the market opens and you'll see the millions from those that put their volume up after market open and that won't even include the others hiding their volume with 10k trades on L2. If you don't have Level 2 access then you might not see them since it could go to the 0.0003-0.0004 range again today if it keeps up with the past 3 days. In fact you can check any otc stock before trading hours and after open to see the change in volume.

That being said, I doubt much will happen in the 0.0002 range if this accumulation keeps up like it has the past 3 days. More likely it will be able to hold in the 0.0003-0.0004 range for now if it keeps up.