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Non-Tech : Havana Republic (HVAR)
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To: iraj who wrote (519)4/26/1999 8:53:00 AM
From: SgtPepper  Read Replies (1) of 686
 
I know less about this area that you inquire of. In general, bid/ask size is not as important for OTC-BB stocks. This is because you are dealing with the market maker directly, no other investors involved really. (Unlike regular NASDAQ stocks where recent changes to the system permit all to see individual investor's bids and offers. There, big size makes a difference.) Generally, for BBs you see 500 shares as the bid/ask size for higher priced BBs, and 5000 for low priced. Rarely, maybe on a new issue, size may become important.

On the other hand, the number of market makers "on or near the [best] bid" is very important for finding support levels, and it shows competition amongst MMs for stock. I attach a similiar level of importance to the number of MMs selling at or near the best ask. Too many indicate formidable resistance to any move higher.

Any one else want to jump in here with their opinions? Would welcome some feedback, as these are mainly "self-taught" skills.
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