Posted On: 02/05/2016 1:58:52 PM
Post# of 114
Trading update.
Since the r/s, only a few people have sold small amounts at a loss for the equivalent of .0001 (at .05) or by a bid whack lower at .03 on a large spread.
It is evident that, at present, most are not willing to sell for a loss after the recent news.
Quite a few have averaged down by buying at .05. Today, someone set a buy order for 8M+ at .0778 which cleared out the .05s on the ask today and nibbled at the next higher ask.
Thereafter, one or 2 people undercut the ask at .0687 and .0686 - presumably to sell their holding at a small profit if their previous average was .0001.
Already, the .0686 has been bought out along with some of the .0687.
To date since the r/s, 204,481 shares have been bought - the vast majority at .05 - either by existing holders averaging down or by new interest after the latest news.
Since the r/s, only a few people have sold small amounts at a loss for the equivalent of .0001 (at .05) or by a bid whack lower at .03 on a large spread.
It is evident that, at present, most are not willing to sell for a loss after the recent news.
Quite a few have averaged down by buying at .05. Today, someone set a buy order for 8M+ at .0778 which cleared out the .05s on the ask today and nibbled at the next higher ask.
Thereafter, one or 2 people undercut the ask at .0687 and .0686 - presumably to sell their holding at a small profit if their previous average was .0001.
Already, the .0686 has been bought out along with some of the .0687.
To date since the r/s, 204,481 shares have been bought - the vast majority at .05 - either by existing holders averaging down or by new interest after the latest news.
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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.
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