Posted On: 08/18/2016 11:58:52 PM
Post# of 1514
Trading data today. As viewers will know, I was not posting during the surge above .0068 - the server here was so busy I couldn't get in for a few minutes and then had to concentrate on my own position once it got into the mid-.0080s and above so I wasn't able to keep a record here of how quickly it upticked.
The last 12 minutes trading are on iHub and it is evident that there was serious money being spent by those who wanted it over .01, and kept there, despite a few undercut ask attempts. It actually moved too fast for the bid to really catch up enough for more than a few bid whacks.
Traded at (not using the iHub differentiation between Buy and Sell because somebody bought it) - working backwards to identify potential bagholder amounts at any particular level:
.0105>.0108: 113K
.0101: 950K
.01: 1.2248M
.0099: 322K
.0098: 245K
.0097: 10K
.0096: 443K
.0095: 801K
.0094: 426K
.0093: 285K
.0092: 100K
.0091: 10K
.0090: 304K
Total: 5.23M in the last 12 minutes.
Note how little it took to run up when flippers didn't have day trades or GTCs set - compared to the nonsense earlier of a few people whacking it down 10>15 ticks just to make a few hundred $ every time they undercut the ask with 200K / 300K in the .0049 >.0065 range on the way back up for several days.
While I was watching the .0080s and .0070s there was probably only about 2M to 5M in each - getting slapped at up to 300K at a time - with a few points bypassed - with undercut asks taken in fractions of a second - and I remember that a flipper wall of 1.35M was also taken out in seconds at .0068.
There is no doubt $BTGI could go to the .02>.05 range on good financials, revenue in the $Ms, and additional news but undoubtedly there will be various games to look out for on the way. If it gets beaten down a bit by profit takers or manipulation, there might be opportunities at various re-entry levels for out flipping those who bought in the .0085> .0108 range.
So opportunities for everyone at every level going forward. Happy trading !
There has been no excuse for anyone to lose money on $BTGI so far - great pick by PSG.
The last 12 minutes trading are on iHub and it is evident that there was serious money being spent by those who wanted it over .01, and kept there, despite a few undercut ask attempts. It actually moved too fast for the bid to really catch up enough for more than a few bid whacks.
Traded at (not using the iHub differentiation between Buy and Sell because somebody bought it) - working backwards to identify potential bagholder amounts at any particular level:
.0105>.0108: 113K
.0101: 950K
.01: 1.2248M
.0099: 322K
.0098: 245K
.0097: 10K
.0096: 443K
.0095: 801K
.0094: 426K
.0093: 285K
.0092: 100K
.0091: 10K
.0090: 304K
Total: 5.23M in the last 12 minutes.
Note how little it took to run up when flippers didn't have day trades or GTCs set - compared to the nonsense earlier of a few people whacking it down 10>15 ticks just to make a few hundred $ every time they undercut the ask with 200K / 300K in the .0049 >.0065 range on the way back up for several days.
While I was watching the .0080s and .0070s there was probably only about 2M to 5M in each - getting slapped at up to 300K at a time - with a few points bypassed - with undercut asks taken in fractions of a second - and I remember that a flipper wall of 1.35M was also taken out in seconds at .0068.
There is no doubt $BTGI could go to the .02>.05 range on good financials, revenue in the $Ms, and additional news but undoubtedly there will be various games to look out for on the way. If it gets beaten down a bit by profit takers or manipulation, there might be opportunities at various re-entry levels for out flipping those who bought in the .0085> .0108 range.
So opportunities for everyone at every level going forward. Happy trading !
There has been no excuse for anyone to lose money on $BTGI so far - great pick by PSG.
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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.
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