Posted On: 03/19/2016 12:02:45 PM
Post# of 713
Various things could happen - I will be waiting to see what else might come out over the rest of the weekend and watching the action as it unfolds on Monday before making any decisions.
The bottom was a single sell of 26M+ at .0004 at 15:48:36.
The bid was immediately topped up at .0004 - I saw 32M+ and a buying frenzy at .0005 began.
A MM was trying to hold it at .0005 with multiple 10,200 / 20,400 fills at .0005, instead of upticking to .006.
There were a number of 5000 trades at .00049 & .00059.
Between 15:48:36 and the close, there were 82M in trades: about 66M at .0005 and 16M at .0006.
So a load of shares were bought already - with 911 prints at .0006 at the close.
I think it will depend initially on whether Remuda do a lot more buying with funds transferred from elsewhere - regardless of whether a decision is made at Intermountain Orient before Monday. Their notified buys to date were much higher with limit orders at .0010>.0017.
The bottom was a single sell of 26M+ at .0004 at 15:48:36.
The bid was immediately topped up at .0004 - I saw 32M+ and a buying frenzy at .0005 began.
A MM was trying to hold it at .0005 with multiple 10,200 / 20,400 fills at .0005, instead of upticking to .006.
There were a number of 5000 trades at .00049 & .00059.
Between 15:48:36 and the close, there were 82M in trades: about 66M at .0005 and 16M at .0006.
So a load of shares were bought already - with 911 prints at .0006 at the close.
I think it will depend initially on whether Remuda do a lot more buying with funds transferred from elsewhere - regardless of whether a decision is made at Intermountain Orient before Monday. Their notified buys to date were much higher with limit orders at .0010>.0017.
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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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