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Arena Pharmaceuticals, Inc. Message Board

  • indianabraden indianabraden May 8, 2013 8:47 AM Flag

    Understand the 100s and 200s in pre-trade

     

    When there are pockets of supply and demand (bid-ask), the market maker, prop desks short, institutions accumulating are all working to move the bid-ask down temporarily. The key to understanding that it is a move away from the true bid-ask is to see the 100 lots and 200 lots. They move a 100 or 200 share lot to as close to the last price as possible or they move it down further if there is a pocket in the bid. The lower they can move the ask down, it means they can position the bid down as well. Here's the point. It's temporary and it is an effort to slow down momentum, and it is an effort to convince retailers to not scrutinize this strategy and accept that bid-ask as legitimate. Pay attention and you won't be fooled into selling positions during these tactics. Quickly, you'll notice the true bid-ask comes in again. We see it pre-trade and intraday. Take advantage of these tactics on low volume. We're going to go through the 200MDA, and with sustained covering, we're heading to a golden cross near-term. VVUS should be looking at $10 shortly based on poor numbers today. NO MARKETING IN THIS WORLD IS TO SAIL ADRIFT.

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