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Rich I think the most useful part of level 2 for this share is to watch the live trades going through and see how close or far they are away from the published spread. Then you can estimate how hungry the MMs are.
Rich
Put the sword away - no need to fall on it - your a valuable contributor IMO
Skindalous day today with our customer Integumen - Mr GB must be hovering over a tweet - if not already?
I'm sure the joined up thinking and the co will do well with Affimer tech involved so will keep on watch list after a modest profit taken today.
Cheers and GLA
OMG
Cave sulking
Thanks, Ophidian.
I only asked what anybody else would read into the numbers.
Sounds like I may as well keep my level two opinions to myself and leave the board.
All the best everybody.
See you at the party at The Wetherby Whaler
Cave Exigo
Good info from all sides thanks For taking the time I’m here to learn as much as I can.
Ramping Deramping Data theories sentiment greed anger volume and many different ways of looking at the same thing all have weight, just how much who knows.
GLA
I know even less
But I do know the sp has been falling a lot recently and rise slightly today
So imo the mm's don't need shares
Ophidian,
I have a lot of respect for people who say 'I'm not an expert'.
This usually means that they know enough to know what they don't know, if you know what I mean?
Rich in am I filtered? Why do they need shares when they've been scooping them up all week?
Richob - as long as you are aware. I have an adequate working knowledge to let me do what I want to do and I have my own ideas and interpretations of level 2 but I'm not an expert and I wouldn't wish to start a conversation or debate on interpreting what can be seen. The auctions can be enlightening sometimes but without the full order book depth (especially for shares on SETSq) you never really get a full picture from the level 2 data on LSE for example.
Good luck with your investments and thanks for your contributions
Ophidian
Similar question to Phantom.
I do understand that, Ophidian but this has worked for me since March.
I am more than happy with other perspectives but are you sure they alter what I have said that much?
I fully appreciate all of your clinical inputs and more than welcome any sp inputs.
What is your view on the numbers that I have commented on?
All the best to you and yours .
Cave Exigo
PS - I don't expect people to follow what I say but I do. Buy and hold.
Bang on Ophidian
Richob - not wanting to be pedantic about it but strictly speaking it isn't "what they have available to sell"
The MMs quote a price that they will buy at and a price that they will sell at and they quote that against the EMS (Exchange Market Size) it used to be called NMS (normal Market Size)
That doesn't mean they only have 5000 to sell for example - they might have millions they might have only 5001. You need the RSP full order book view from IG or something similar to get all the info.
Ophidian
@richob, this is the first blue day we've had all week, every time you appear from your cave you say the mm's need shares
How on earth can they when clearly there has been a lot of sells all week?
And apparently RK et Al are ramping
Thanks Rochob.
Much appreciated.
Here are the numbers and what I read into them as requested.
Sell side
157 10000
156 5000
155 5000
155 5000
154 5000
153 5000
152 1000
151 5000
145 200
This is what they have available to sell
Buy side
158 5000
160 5000
160 5000
160 5000
162 5000
165 5000
166 5000
100 7000
190 7000
200 3000
What do I think this means?
1) They need shares
2) They will try and shake it down (without news)
3) They will try and shake it up (without news)
4) News (of any positive kind) and the sp rises
5) There is a clear positive upward trend
6) There are fewer day traders and 5% seekers
7) Buy and hold is the l9gical option
Happy to here other views on these numbers.
Cave Exigo