Posted On: 06/08/2016 11:16:47 AM
Post# of 1001
Recent Trading - June 8.
Over the last 2-3 weeks, there had been fewer opportunities for 1 to 2-tick flippers to reload at .0008/9 during the weekly legally binding quota selling of convertible debt. As a result, there was less selling at .0010 and .0011 than during previous weeks.
Yesterday and today, only about 30M was picked up at .0008, less than the last time it was there about 3 weeks ago, and only 10M was put up for a 1-tick flip at .0009 - 1.35M of that has already been bought.
People realize that BETS will have revenues in the $Ms in 2016 and so I anticipate seeing less flipping now as people don't want to risk being without shares in the .00xs.
Over the last 2-3 weeks, there had been fewer opportunities for 1 to 2-tick flippers to reload at .0008/9 during the weekly legally binding quota selling of convertible debt. As a result, there was less selling at .0010 and .0011 than during previous weeks.
Yesterday and today, only about 30M was picked up at .0008, less than the last time it was there about 3 weeks ago, and only 10M was put up for a 1-tick flip at .0009 - 1.35M of that has already been bought.
People realize that BETS will have revenues in the $Ms in 2016 and so I anticipate seeing less flipping now as people don't want to risk being without shares in the .00xs.
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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.
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