Posted On: 07/19/2016 4:10:50 PM
Post# of 1674
Trading Summary - July 19.
Ask at .0002 at the open was 208M then increased to 309M by the daily indecisive one-tick flippers - same pattern for some weeks now by the usual suspects .
7M + 1.2M hits on the ask at .0002 as a few realized that there is little chance of getting .0001 when 200M+ in line in front of them..
4 x 10M and a few other miscellaneous trades at .0001 - may be MM>MM acting for institutions wanting long-term investment - most did not count down from the bid and none was added to the ask at .0002.
Total volume 51.9M.
Peak bid 208M at .0001 - 189M at close despite 44M being traded at .0001.
VFIN moved down to .0002 from .0010.
All other convertible debt sellers have remained at .0010 for 11 business days now.
Ask in GTCs at close was 201M (down 2M).
Ask at .0002 at the open was 208M then increased to 309M by the daily indecisive one-tick flippers - same pattern for some weeks now by the usual suspects .
7M + 1.2M hits on the ask at .0002 as a few realized that there is little chance of getting .0001 when 200M+ in line in front of them..
4 x 10M and a few other miscellaneous trades at .0001 - may be MM>MM acting for institutions wanting long-term investment - most did not count down from the bid and none was added to the ask at .0002.
Total volume 51.9M.
Peak bid 208M at .0001 - 189M at close despite 44M being traded at .0001.
VFIN moved down to .0002 from .0010.
All other convertible debt sellers have remained at .0010 for 11 business days now.
Ask in GTCs at close was 201M (down 2M).
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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.
