RE: Terrier545 Nov 2013 09:09
Hi Pablo
Ok, 5-1 means we have 5 Mm's quoting a bid price of 0.41 atm. Obviously the more MM's quoting the bid price means that they want to buy the shares. If it was 1-5 it would mean only one MM wanted to give the bid price and 5 wanted to sell them, clearly at this point any decent sells would pull the ask back.
If the sells that are transacted show at greater than the bid price it's a good indicator that the MM's have an order to fill or that they feel sentiment/bullish over the price moving north again and will need them to sell.
Interesting that a reasonable sell is now showing from 8.0am at 0.416p and the bid never moved. A definite good sign.
Stay long.
ATB