Posted On: 08/22/2016 5:55:54 PM
Post# of 1514
The whale buy of 3.537M buy on the ask at .0117 in the closing minutes was over $41K - somebody took advantage of the few who panicked.
Thinking about it more, as the price was down at .0100 x .0101 at the time, he might have placed a market order for perhaps 5M at .0117 to sweep up everything in between and got 3,537,600.
With buying power like that, the "intimidation wall" of 1.4M described earlier might get slapped as well and won't be a problem.
It will be interesting to see if PSG still like this going forward - they liked it at the point that the 10Q came out - as did many of the "enthusiasts" on iHub and Twitter. However, PSG have a another alert for their free list tomorrow and are liking $PJET again after the huge move today - so their followers will be all over the shop tomorrow.
Thinking about it more, as the price was down at .0100 x .0101 at the time, he might have placed a market order for perhaps 5M at .0117 to sweep up everything in between and got 3,537,600.
With buying power like that, the "intimidation wall" of 1.4M described earlier might get slapped as well and won't be a problem.
It will be interesting to see if PSG still like this going forward - they liked it at the point that the 10Q came out - as did many of the "enthusiasts" on iHub and Twitter. However, PSG have a another alert for their free list tomorrow and are liking $PJET again after the huge move today - so their followers will be all over the shop tomorrow.
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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.
