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ML Capital Group Inc. MLCG
Posted On: 08/11/2016 7:10:40 PM
Post# of 204
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Posted By: AJH92
After the 1-tick flippers ruined the run yesterday creating a wall at .0004, I was busy elsewhere today on 2 other stocks that have just run over 100% and will be continuing into next week - so I wasn't watching the $MLCG action.

There was significant selling into the bid at .0002 - that exceeded the amount that would have been people who bought at .0002 getting out even - so I assume it was convertible debt selling as their was no reason to sell for a loss with continued developments rolling out in the months ahead.

1-tick flippers waiting on the bid at .0002 picked up over 100M at .0002 and immediately put them on the ask at .0003.

iHub Trade Summary - not necessarily of relevance or accurate as there is of course a buyer for every seller - splits the trading into 45M Buys (presumably on the ask at .0003 and .0002) - and 149M Sells (presumably into the bid at .0002 and then on an undercut ask of .0002).

As I do not have a large position in $MLCG, it is not worth my time watching every trade or doing any further analysis on today's action.

That said, I will post any updates I see in PRs or Tweets and I will be holding for future increased revenue results and the planned fleet expansion.

Worth keeping on watch as even a 200M wall can come down pretty quickly when people buy 10M/15M/20M at a time - as has happened often - especially if the 1-tick flippers are watching at the time and cancel their ask to get higher.

If I see repeated big buys (over 2M) or an uptick on my scanner I will evaluate it and post here if noteworthy.













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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.



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