A person that was attempting to bash $DIGX up to y
Post# of 4901
There was some very unusual activity today. $DIGX is one of my favorite stocks as it is a real company, which is expanding, and has improving profits - all held as cash in hand - each quarter ever since it took over the Expressions & Rehab chiropractic offices. Nobody has ever got any significant amount of .0001s this year so I was bidding for .0002s recently.
Suddenly today, someone bought out 26M on the ask at .0003 in 2 distinct batches which in turn was taking out one person who had obtained 20M+ .0002s to flip a few weeks ago (not me). I'm not selling any .0002s at .0003.
Then a 55M bid came in at .0002 x .0004.
Immediately thereafter, there was a 26M+ sell - shorts or convertible debt sellers or people selling for a loss because they didn't realize what was going on but saw the huge (for this) bid - followed by further sells taking out the .0002 bid.
There was then 39M on the ask at .0003. Just after the close, there was a 40M+ transaction at .0002 - shorts covering, late print or more convertible debt selling.
Bottom line, anything could happen tomorrow and the large ask might not be at .0003 anymore if convertible debt sellers went for .0002s.
On the previous few runs this year, $DIGX has been exceptionally thin with only 1M>5M at most .0001 points up to .0013.
Keep on watch - anything under .0006 is a good entry usually.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.