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Message: My Theory is Accumulation

My Theory is Accumulation

posted on Dec 20, 2007 10:27AM

I've been watching the level 2's today and it seems like we've been wedged in some sort of holding pattern. There is major support surrounding the $4.00 mark and only 2 fairly substancial walls up to the $4.50 mark. It looks to me as though someone is holding us in a certain price range so they can either dump their position or most likely accumulate a ton of shares at a reasonable price.
Either way, I haven't been able to put all the pieces together but obviously if I could I'd know what the next move was going to be.
Here are the realtime Level 2s and the Time&Sales for anyone who's interested.

Cheers.
Gamblor.

Market-By-Price REALTIME
Time # Size Bid
15:19 2 7400 4.00
11:23 2 7000 3.98
11:29 1 2000 3.96
09:44 7 10200 3.95
14:57 2 3000 3.92
13:15 3 20400 3.91
09:46 6 26000 3.90
09:30 1 1900 3.88
09:32 1 1000 3.87
12/19 2 1200 3.86
11:21 2 12200 3.85
11:19 5 16300 3.80
12:20 2 11000 3.76
12:01 4 2300 3.75
11:15 2 1460 3.70
09:53 1 1000 3.68
12/19 1 1500 3.67
07:34 1 1000 3.65
12/19 1 500 3.60
12:08 2 2200 3.50
12/03 1 1000 3.24
12/10 1 3000 3.14
11/26 1 1000 3.10
12/18 1 10000 3.01
12/04 2 12000 3.00
12/07 2 2300 2.95
07:05 1 1000 2.83
10:29 1 1000 2.80
12/14 7 30000 2.50
12/07 1 10000 2.35
Ask Size # Time
4.00 30 1 11:12
4.02 9500 5 14:14
4.05 3400 4 15:17
4.06 25000 1 14:05
4.08 6000 2 12:21
4.09 1000 1 13:52
4.10 19900 5 14:56
4.11 2300 1 09:30
4.12 1000 1 10:52
4.13 1000 1 09:38
4.15 1000 1 11:14
4.18 500 1 08:00
4.19 1200 1 12/19
4.20 7100 3 09:52
4.22 2000 1 15:02
4.24 2700 1 09:30
4.25 5000 4 08:45
4.29 700 1 12/18
4.30 1500 2 07:33
4.37 1000 1 12/19
4.39 1000 1 12/18
4.42 1000 1 12/19
4.45 5400 2 12/19
4.47 1000 1 12/19
4.50 20000 2 12/19
4.52 1000 1 12/19
4.54 1000 1 12/17
4.55 20100 8 12/19
4.57 2000 2 12/19
4.58 4000 1 12/18
Time & Sales REALTIME
Price Size Time Buy Sell
4.00 5900 15:18:45
007
033
4.00 4100 15:18:45
080
033
4.00 1200 15:18:14
080
001
4.01 300 15:16:38
124
001
4.00 1000 15:16:24
080
079
4.00 3000 15:14:52
007
007
4.00 4500 15:12:31
080
019
4.00 1700 15:07:15
080
019
4.00 1100 15:07:15
002
019
4.01 200 15:07:15
009
019
4.01 200 15:02:14
009
001
4.00 2500 14:55:46
002
007
4.00 1400 14:55:23
002
007
4.01 100 14:51:48
009
007
4.01 1000 14:51:44
007
007
4.01 5000 14:50:54
033
007
4.02 1000 14:50:45
007
080
4.02 1000 14:50:26
007
007
4.02 800 14:50:26
007
080
4.00 200 14:48:13
007
001
4.00 100 14:48:13
080
001
4.00 500 14:41:25
080
019
4.00 2600 14:39:20
007
007
4.00 2400 14:39:20
080
007
4.00 5000 14:28:47
007
007
4.00 9500 14:22:07
080
083
4.01 500 14:22:07
007
083
4.01 500 14:20:45
007
007
4.00 49900 14:16:11
033
001
4.00 1500 14:16:10
007
001
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