Posted On: 06/29/2016 4:08:32 PM
Post# of 1674
Trading Summary - June 29.
Total volume 76M.
2.6M hits on the ask at .0002.
About 73M in convertible debt selling at .0001.
Initially none of the 73M was put on the ask at .0002.
Then later one tick flippers added about 43M to the ask.
Close 516M .0001 x 263M .0002.
Ask in GTC orders at close was only 142M (4M less than yesterday) - so 121M in day trades by the 1-tick flippers who will probably not put them up at .0002 if the .0002s start disappearing fast.
I repeat my comment from the last 2 days - anyone thinking of getting in or adding more might like to take the .0002s on the ask whilst they are still there.
Total volume 76M.
2.6M hits on the ask at .0002.
About 73M in convertible debt selling at .0001.
Initially none of the 73M was put on the ask at .0002.
Then later one tick flippers added about 43M to the ask.
Close 516M .0001 x 263M .0002.
Ask in GTC orders at close was only 142M (4M less than yesterday) - so 121M in day trades by the 1-tick flippers who will probably not put them up at .0002 if the .0002s start disappearing fast.
I repeat my comment from the last 2 days - anyone thinking of getting in or adding more might like to take the .0002s on the ask whilst they are still there.
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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.
