Posted On: 05/16/2016 4:11:23 PM
Post# of 1674
Trading Summary - May 16.
Opened 27M .0004 x 17M .0005.
Bid subsequently increased to 41M.
Ask subsequently increased to 30M - the bulk of which - 25M via CDEL - was probably the indecisive seller single seller - described in numerous of my previous posts.
As flippers picked up a few at .0004 - some put them straight on the ask at .0005 raising the ask to 34M.
Total volume 19M.
14M picked up on the bid at .0004 - I believe that most if not all were convertible debt sells by the MM wanting to make his quota. Some were at fractional prices. Retail sells at this level make no sense as very few people would have .0003s left that they were not keeping in the "lowest price stash". Anyone wanting to flip from .0003 should have sold at .0008/7/6 long ago.
4M of the 5M+ bought on the ask at .0005 was a single slap 4 minutes prior to the close.
$REDG
Opened 27M .0004 x 17M .0005.
Bid subsequently increased to 41M.
Ask subsequently increased to 30M - the bulk of which - 25M via CDEL - was probably the indecisive seller single seller - described in numerous of my previous posts.
As flippers picked up a few at .0004 - some put them straight on the ask at .0005 raising the ask to 34M.
Total volume 19M.
14M picked up on the bid at .0004 - I believe that most if not all were convertible debt sells by the MM wanting to make his quota. Some were at fractional prices. Retail sells at this level make no sense as very few people would have .0003s left that they were not keeping in the "lowest price stash". Anyone wanting to flip from .0003 should have sold at .0008/7/6 long ago.
4M of the 5M+ bought on the ask at .0005 was a single slap 4 minutes prior to the close.
$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.
