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New Oriental Energy & Chemical Corp Message Board

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  • little2late0 little2late0 Jan 18, 2008 11:01 AM Flag

    L2 is very interesting. Showing a big upmove

    For one thing, L2 Bids and Asks don't give you the resistance level. Secondly, the boys NEVER show all the trades on their Order Books so you are only seeing part of the orders at any one time in L2. Thirdly, my L2 shows the biggest Ask at $8.00 with 35,252 shares to be sold.

    I agree that the news from the President, if he doesn't screw it up, and he talks about an economic stimulus pkg, then we should see a bit of a rally. That, on top of the options expiring today show take us well into the green on the charts.

    FWIW, I'm long but only with 4K shares.