A safety net for MNDO

As it is the case for all postings in this blog, my standard disclaimers apply for this posting.  However, since this posting discusses investments, I urge you to review the disclaimers laid out in the About section with extra diligence. Moreover, even if you have already reviewed these disclaimers in the past, you need to review them again, as they are subject to change without notice.  Do it now, and remember that whatever I say in this blog posting is simply my opinion — it is not science, it is not advice, and it is not an attempt to make you act in any way whatsoever.

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This posting is the second in a series of trading peculiarities observed during the period of the last weeks of August of 2013 (go here for the first posting.)

On August 22nd, 2013, I published a brief posting (here), containing a Level II image for MNDO, a NASDAQ traded equity for Mind CTI Ltd., an Israeli company that I have written about at length in the past (for a recent posting about Mind CTI Ltd., go here.)

Generally, the image showed a buffering of MNDO by BID/ASK pairs of more than 45 thousand shares. In one end of the buffer was a BID block of 47,700 shares at $1.68 per share.

Having over the last week observed the level II activity for MNDO, I have formed the view that the 47,700 shares BID block is a constant. Today, for instance, the block was still there:

MindCTI August 29 2013

A persistent BID block of a fixed and significant size can, of course, mean anything or nothing. Regardless of its meaning, however such BID block does create a tentative Browder Life Safety Net, which can help solidify buy decisions.

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