Posted On: 08/26/2015 7:46:02 PM
Post# of 1674
Trading Summary - August 26
When buyers didn't buy on the ask at .0006 against the MMs acting for the convertible debt holder, they initially sold a small amount into the bid at .0005 which built up again.
Thereafter, it became evident that they clearly had a larger quota to get rid of today. In addition to several large trades of 5 x 9M, 7.4M and 5.6M into the bids at .0005 and .0004, there were again large lots sold for 5-decimal place prices without detracting from the bid:
14:22: 46,893,929 at .000428
14:32: 18,342,500 at .000396
15:53: 12,541,197 at .000396
Total volume today was 175M+.
I wish I knew who was buying this big lots at discounted 5-decimal place prices. Normal retail bids at .0004 did not all fill in order and were bypassed - only one of mine filled.
I look forward to tomorrow with interest - once it is confirmed that the convertible debt is totally finished, REDG should rise quickly on the run-up to the GSL launch.
When buyers didn't buy on the ask at .0006 against the MMs acting for the convertible debt holder, they initially sold a small amount into the bid at .0005 which built up again.
Thereafter, it became evident that they clearly had a larger quota to get rid of today. In addition to several large trades of 5 x 9M, 7.4M and 5.6M into the bids at .0005 and .0004, there were again large lots sold for 5-decimal place prices without detracting from the bid:
14:22: 46,893,929 at .000428
14:32: 18,342,500 at .000396
15:53: 12,541,197 at .000396
Total volume today was 175M+.
I wish I knew who was buying this big lots at discounted 5-decimal place prices. Normal retail bids at .0004 did not all fill in order and were bypassed - only one of mine filled.
I look forward to tomorrow with interest - once it is confirmed that the convertible debt is totally finished, REDG should rise quickly on the run-up to the GSL launch.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
