I call a headfake on this. I think someone put in a market buy order and that sucked in a few momos into a self-fulfilling prophecy. Meanwhile the institutions aren't around to sell into it because it's a weak Friday.
We'll see by the end of the day if I've got it wrong, but right now there's no support on the bid side to lend credence to a real advance....
| Level ll Quote |
| Bid |
Ask |
Price
|
Total Size
|
# of Orders
|
Price
|
Total Size
|
# of Orders
|
| $0.375 |
18 |
3 |
|
$0.39 |
30 |
3 |
| $0.37 |
24 |
2 |
|
$0.395 |
44 |
2 |
| $0.365 |
10 |
2 |
|
$0.40 |
116 |
3 |
| $0.36 |
15 |
3 |
|
$0.405 |
60 |
3 |
| $0.355 |
32 |
2 |
|
$0.41 |
38 |
2 |
| $0.35 |
17 |
2 |
|
$0.42 |
80 |
2 |
| $0.345 |
32 |
4 |
|
$0.425 |
50 |
1 |
| $0.34 |
100 |
3 |
|
$0.43 |
7 |
2 |
| $0.33 |
16 |
2 |
|
$0.435 |
11 |
1 |
| $0.325 |
20 |
1 |
|
$0.44 |
20 |
1 |
