Posted On: 06/10/2016 1:46:10 PM
Post# of 1674
Trading Update - June 10.
At this point it is impossible to work out what is going on.
A large portion of the trades today went to non-retail 338M so far.
There is a mis-match between the total number of trades some are reporting (700M) and what is showing on E*Trade currently 451M.
I will get to the bottom of that after hours.
Clearly a load of people also panicked and started reverting to a one-tick flipper strategy - which might include selling any .0001s they had in their long-term stash.
My long-term strategy remains unchanged - I will be keeping all my .0001s + .0002s I got today for the eventual large move on revenue announcements at the end of the year and that frees up .0003s for selling at a suitable profit level.
On the plus side, the 400M note is done now.
At this point it is impossible to work out what is going on.
A large portion of the trades today went to non-retail 338M so far.
There is a mis-match between the total number of trades some are reporting (700M) and what is showing on E*Trade currently 451M.
I will get to the bottom of that after hours.
Clearly a load of people also panicked and started reverting to a one-tick flipper strategy - which might include selling any .0001s they had in their long-term stash.
My long-term strategy remains unchanged - I will be keeping all my .0001s + .0002s I got today for the eventual large move on revenue announcements at the end of the year and that frees up .0003s for selling at a suitable profit level.
On the plus side, the 400M note is done now.
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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.
