Posted On: 06/03/2016 4:01:33 PM
Post# of 1674
Trading Summary - June 3.
Initially 27M .0003 x 20M .0004 within a few minutes of the open.
2 x 6M + 2 x 3M convertible debt trades - half at .0003 - half at AON non-retail .000297 - AON bids are hidden and don't reflect in the visible totals on Level 2.
Only 2M added to the ask at .0004.
Close 20M .0003 x 22M .0004.
Total volume today 18M (there were also a few miscellaneous small trades).
Total convertible debt sells since May 26 probably now 131M.
The seller appears to be happy with a quota of around 100M per week - 131M in the last 6 trading days.
He does not need to wipe out the bid at .0003. He knows people will eventually start buying on the ask as they continue to get frustrated with not filling on the bid the nearer we get to the first ZWAG Box month and San Diego Comic Con (July).
Within 2 to 3 weeks any cheap convertible debt shares should be gone in my view.
All the above just my observations from actual trading.
Initially 27M .0003 x 20M .0004 within a few minutes of the open.
2 x 6M + 2 x 3M convertible debt trades - half at .0003 - half at AON non-retail .000297 - AON bids are hidden and don't reflect in the visible totals on Level 2.
Only 2M added to the ask at .0004.
Close 20M .0003 x 22M .0004.
Total volume today 18M (there were also a few miscellaneous small trades).
Total convertible debt sells since May 26 probably now 131M.
The seller appears to be happy with a quota of around 100M per week - 131M in the last 6 trading days.
He does not need to wipe out the bid at .0003. He knows people will eventually start buying on the ask as they continue to get frustrated with not filling on the bid the nearer we get to the first ZWAG Box month and San Diego Comic Con (July).
Within 2 to 3 weeks any cheap convertible debt shares should be gone in my view.
All the above just my observations from actual trading.
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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.
