*** off topic ***
Dennis -
Interesting observation! You know that Market makers, especially NASDAQ, are free to raise or lower price or keep large BID/ASK spreads, for other reasons. What I stated in my last post was my understanding of how it should work, assuming the market maker is doing his/her duty to match demand and supply of shares by adjusting the price. A market order to buy is at the ASK price, the order goes to the ASK volume. A limit order is different. A limit order to buy VLNC at specific price, goes on the ASK side volume, not the BID volume. Limit orders to sell VLNC at $7, go on the BID side. Confusing? By looking at BID/ASK volume in the quote, we can not tell the percentage of limit orders, etc.
I edited my last post, about the ASK volume for matching the BID volume. You may want to confirm your observations on other stocks in NASDAQ, say NOVL (high momentum this week) or another stock with low volume similar to VLNC, also on NYSE which is more reliable. Ram
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