Have a look at this Level 2 Bid & Ask from 12:44 p.m. EST.
------------------------------------...
SPIDER RESOURCES INC (CA: SPQ) |
Last: |
0.125 |
|
Change: |
0.000 |
|
Volume: |
1,023,300 |
|
Last Trade: |
12:44 |
Level ll Quote |
Bid |
|
Ask |
Price
|
Total Size
|
# of Orders
|
|
Price
|
Total Size
|
# of Orders
|
$0.14 |
0 |
1 |
|
$0.13 |
1409 |
16 |
$0.135 |
0 |
1 |
|
$0.135 |
1176 |
12 |
$0.13 |
0 |
1 |
|
$0.14 |
522 |
8 |
$0.125 |
103 |
5 |
|
$0.145 |
886 |
11 |
$0.12 |
2465 |
25 |
|
$0.15 |
1502 |
18 |
$0.115 |
399 |
12 |
|
$0.155 |
2425 |
8 |
$0.11 |
922 |
15 |
|
$0.16 |
1193 |
22 |
$0.105 |
90 |
2 |
|
$0.165 |
978 |
11 |
$0.10 |
1900 |
26 |
|
$0.17 |
1247 |
21 |
$0.095 |
10 |
1 |
|
$0.175 |
40 |
1 |
|
If you look at the bids, SPQ has probably hit a floor of 12.5 cents. I've tried to buy some at 12 cents - no luck. And the daytraders have gone elsewhere. They are the ones who hammered the price down from the high teens. They want to make the $1000 trades - I want significantly more; and that will take time.
The present situation with sideways trading will continue until there is some news out of Spider or McFaulds. And that could happen at anytime. But remember, the winter 2008 drilling program for SPQ begins in January.
Snug