A telltale sign of where the SPP could be heading is Level 11 Quotes:
Level ll Quote
| Bid
|
Ask
|
| Price
|
Total Size
|
# of Orders
|
Price
|
Total Size
|
# of Orders
|
| $0.57 |
2000 |
2 |
$0.60 |
500 |
1 |
| $0.55 |
4500 |
3 |
$0.62 |
15500 |
2 |
| $0.54 |
500 |
1 |
$0.63 |
1500 |
2 |
| $0.53 |
14500 |
5 |
$0.64 |
500 |
1 |
| $0.52 |
25500 |
3 |
$0.65 |
500 |
1 |
| $0.51 |
13500 |
6 |
$0.66 |
3000 |
2 |
| $0.50 |
15500 |
5 |
$0.67 |
7500 |
2 |
| $0.495 |
5000 |
1 |
$0.68 |
2500 |
1 |
| $0.49 |
11000 |
1 |
$0.72 |
13000 |
1 |
| $0.48 |
1000 |
1 |
$0.74 |
2500 |
1 |
On the ASK side, the shares total 47K at an average ask price of 66.1 cents
On the BID side, the shares total 93K at an average bid price of 51.8 cents
So the BIDs have it. The ASKs need to hand tough to maintain a higher SPP going forward.
Just saying/IMO ... Koo
