This has been my view for some time

It is beyond my ability to divine the significance of exactly what the every day trading is telling us

We know that there are only about 30% of the issued shared that are even eleigible to be traded, discounting insiders and committed longs

And we see various trades offered that we know cannot possibly be driven by the facts as we know them

...and they are not driven by facts concerning our investment

...they are driven by the facts that make up the high frequency trading algorithms directed at every issue in the market place

...they don't need to be rational, and they aren't

..the brokerages have license to steal with these methods and they do

...a fraction of a cent on every trade, by enough millions, that's real bucks

So the whole level 2 thing in my opinion is simply a pinball machine