This is a response to a private message. I am posting it here in case it helps some one or generates some dialog.
When I look at the level II window, I see the bid and I say to myself, all those bids, from the best bid down to the last; small size, large size, it is all money. The bid is all cash looking for stock.
The offer, on the other hand, is all stock... stock looking to get unloaded for cash.
Every single print i see go by, priced at the best bid or the best ask, in between or outside, they are all the same to me, they are all TRADES.
A buyer and a seller made a deal.
This is exactly what i think about the whole thing.
I am all ears, critique me. What would you add?
A very happy new year to everyone.
I wish friend and foe alike a prosperous '99.
funk |
