Posted On: 04/25/2016 4:11:47 PM
Post# of 1674
Trading Summary - April 25.
The 342K at .0005 ask remaining at the close on Friday was cancelled at the open.
REDG gapped up at .0006 with an opening 15M bid .0005 x 17M ask .0006.
3M was cancelled off the ask immediately but someone else added 8M.
From 15M .0005 x 22M .0006 it counted down rapidly after a 10M buy.
Upticked to .0007 with - I think - around 21M on the ask.
I lost E*Trade a few times around here.
During the course of the day, apart from a few M in buys at .0007, the remainder of the 60M total was mostly at .0006 with a few bid whacks and mostly undercut ask.
Somebody stacked the .0007s to 39M - but the figure stayed the same for most of the day each time REDG went back up to .0007.
At the close, only 18M of the 39M was in Good Till Complete (GTC) orders - so one / a few people are only stacking the ask on a day to day basis if they don't think they can get more if there is more demand the next day.
In any event, 39M goes pretty quickly of people buy 5M>10M at a time.
Overall, another good day closing at .0007 - up from .0005 - having got rid of 60M worth of sellers.
The 342K at .0005 ask remaining at the close on Friday was cancelled at the open.
REDG gapped up at .0006 with an opening 15M bid .0005 x 17M ask .0006.
3M was cancelled off the ask immediately but someone else added 8M.
From 15M .0005 x 22M .0006 it counted down rapidly after a 10M buy.
Upticked to .0007 with - I think - around 21M on the ask.
I lost E*Trade a few times around here.
During the course of the day, apart from a few M in buys at .0007, the remainder of the 60M total was mostly at .0006 with a few bid whacks and mostly undercut ask.
Somebody stacked the .0007s to 39M - but the figure stayed the same for most of the day each time REDG went back up to .0007.
At the close, only 18M of the 39M was in Good Till Complete (GTC) orders - so one / a few people are only stacking the ask on a day to day basis if they don't think they can get more if there is more demand the next day.
In any event, 39M goes pretty quickly of people buy 5M>10M at a time.
Overall, another good day closing at .0007 - up from .0005 - having got rid of 60M worth of sellers.
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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.
