Posted On: 05/04/2016 5:14:22 PM
Post# of 1674
Trading Summary - May 4.
Almost 53M traded - almost all at .0004 - same volume as yesterday.
Of this, there were only 2.75M in bid whacks at .0003 - one was for 2.25M and may have been a sacrificial dump by one person (who was still making a profit from .0002) to try to dupe others into selling. It didn't work, there was a strong bid around 55M > 62M all day.
As posted earlier, there was at least one MM>MM cross trade of 8.86M - accounting for 17.75 of the above total - and there may have been another for 6M - accounting for another 12M.
Overall, an OK day with no large dilution sells into the ask like yesterday, reinforcing my opinion that dilution may be close to over and / or the convertible debt sellers will sell on the ask rather than whacking the bid providing any quotas to sell are met.
POW Folio launching tomorrow.
$REDG
Almost 53M traded - almost all at .0004 - same volume as yesterday.
Of this, there were only 2.75M in bid whacks at .0003 - one was for 2.25M and may have been a sacrificial dump by one person (who was still making a profit from .0002) to try to dupe others into selling. It didn't work, there was a strong bid around 55M > 62M all day.
As posted earlier, there was at least one MM>MM cross trade of 8.86M - accounting for 17.75 of the above total - and there may have been another for 6M - accounting for another 12M.
Overall, an OK day with no large dilution sells into the ask like yesterday, reinforcing my opinion that dilution may be close to over and / or the convertible debt sellers will sell on the ask rather than whacking the bid providing any quotas to sell are met.
POW Folio launching tomorrow.
$REDG
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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.
