Dennis: Your statement regarding bid/ask size is similar to my layman's interpretation. That is, those two size indicators are a gauge of demand. Once the bid size starts to routinely exceed ask size this says to me that we've reached a relative support level(ie. the buyers are more than happy to step up and start offering to purchase) while those folks willing to sell have become, by comparison, small. Soooooo, using the commentary provided by Ram as an example, if the bid size was 120(120,000) shares, while the ask size was 10(1000)....wellll.....supply and demand theory kicks in, no?
Of course this thinking does nothing to account for MM shenanigans, but that be something else again.
Now let's see how tomorrow goes with VLNC. I don't think, given recent days volume, that much is happening right now although it's struggling to stay at its trend line of ~$7. But even so I ain't concerned about the way it's behaving because in light of little news it's actually doing rather well for a speculative issue. I'm using any/all dips into the $6's as an opportunity to add more. As for my SEC "harangue," well, ya gotta go with hard data and project out based on that. Besides, a potential wait of an additional 3 months after all this time ain't bad(once I reign in my impatience).
Hey Mark, I notice you said nothing about the end of 1st qtr of their fiscal year 2000 SEC commentary. Should we imply from the lack of a statement from you regarding this weee tidbit that you are conceding the potential efficacy of VLNC at this point? Heh!
John~ |
