Posted On: 03/31/2016 2:56:55 PM
Post# of 364
Not sure if it's correct - I'm concentrating elsewhere - but there appeared to be 42M ask at .0048 after a few more selfish bid whacks downward.
It is probably one of the following:
Fake - to allow short covering or loading lower.
One person trying to sell a huge amount from much lower - unlikely.
Convertible debt to be sold - but they showed the real figure instead of a 10K.
Probably advisable to hold off adding until it becomes obvious which it is.
The last time something like that happened several months ago when it was in the mid-0020s - it went all the way down to .0005 in minutes and bounced hard back up towards .0010.
Stay sharp if you have a large position.
It is probably one of the following:
Fake - to allow short covering or loading lower.
One person trying to sell a huge amount from much lower - unlikely.
Convertible debt to be sold - but they showed the real figure instead of a 10K.
Probably advisable to hold off adding until it becomes obvious which it is.
The last time something like that happened several months ago when it was in the mid-0020s - it went all the way down to .0005 in minutes and bounced hard back up towards .0010.
Stay sharp if you have a large position.
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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.
