Posted On: 07/28/2016 4:08:16 PM
Post# of 1674
Trading Summary - July 28.
The usual 1-tick flip suspects loaded the ask at .0002 to a maximum of 310M today - same as yesterday.
The maximum bid was 140M at .0001 - same as yesterday.
40M traded at .0001 in a single second (probably convertible debt selling)
+ a further 5.99M.
2 x hits on the ask at .0002 - 1.5M + 970K.
Total volume 48M.
VFIN at .0002.
All other convertible debt sellers have remained at .0010 for 17 business days now.
Ask in GTCs at close was 197M - up 2M.
Going forward, watch for any fence-sitters to hit the ask at .0002 so as not to get left out when the move happens on revenue confirmation in the weeks, months and quarters ahead.
27.8M loaded so far by hitting the ask at .0002 in the last 8 business days since it became obvious that not much was getting picked up at .0001 by normal retail buyers.
The usual 1-tick flip suspects loaded the ask at .0002 to a maximum of 310M today - same as yesterday.
The maximum bid was 140M at .0001 - same as yesterday.
40M traded at .0001 in a single second (probably convertible debt selling)
+ a further 5.99M.
2 x hits on the ask at .0002 - 1.5M + 970K.
Total volume 48M.
VFIN at .0002.
All other convertible debt sellers have remained at .0010 for 17 business days now.
Ask in GTCs at close was 197M - up 2M.
Going forward, watch for any fence-sitters to hit the ask at .0002 so as not to get left out when the move happens on revenue confirmation in the weeks, months and quarters ahead.
27.8M loaded so far by hitting the ask at .0002 in the last 8 business days since it became obvious that not much was getting picked up at .0001 by normal retail buyers.
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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.
