Wondering if anyone can provide interpretation as to how to read the Level II quotes. I see trades happening but the price and lots on the L2 not changing. See the table below (hope it remains a table once published)
Does this mean that the action is happening between the prices?
Are they refering to the total size being the number of lots or acutal shares? If its shares, it does not look like we are much away swinging into either the Statosphere or into the Pit of Despare.
Guess the # of orders is refering to the number of biders making up the total size?
Level ll Quote for MANNKIND CP (MNKD: NASDAQ)
Enjoy the ride next hill climb is a coming,
OOG
Bid Ask Price Total Size # of Orders Price Total Size # of Orders
| $6.65 |
5700 |
1 |
$6.66 |
3429 |
1 |
| $6.64 |
6000 |
1 |
$6.70 |
500 |
1 |
| $6.50 |
2750 |
1 |
$6.71 |
300 |
1 |
| $6.49 |
100 |
1 |
$6.81 |
100 |
1 |
| $6.44 |
100 |
1 |
$6.86 |
100 |
1 |
| $6.27 |
300 |
2 |
$6.97 |
100 |
1 |
| $6.18 |
300 |
3 |
$7.01 |
100 |
1 |
| $6.14 |
100 |
1 |
$7.04 |
100 |
1 |
| $4.87 |
100 |
1 |
$7.10 |
200 |
2 |
| $4.86 |
100 |
1 |
$7.14 |
100 |
1 |
