Posted On: 08/26/2016 4:04:28 PM
Post# of 1674
Trading Summary - August 26.
8.9M loaded by buying on the ask at .0001 - including a 4.9M hit in the opening seconds.
In addition there was a short paint of 10K at .00001 which was immediately covered.
Loaded at .0001 Ask: 780M in the last 11 trading days & so far today
Total since July 1, 2016: 2.950B.
Loaded at .0001 Ask: 780M in 12 trading days.
Total loaded by buying at .0001 since July 1, 2016: 2.950B.
The GTC ask at .0001 - believed to be from the 1-tick basher / flippers trying to get out even - was further reduced to 42M at the close today (because they got some fills).
1-tick flippers should easily get swept away if a group decides to run this - their ask is insignificant as people will probably be slapping the ask for 10M>50M at a time whenever it looks like the last few are going - happened on every off the bottom .0001 ask stock this year (even those that are complete scams - unlike REDG).
Further message latter on the relevant example of the .0001 ask stock that traded 506M today.
8.9M loaded by buying on the ask at .0001 - including a 4.9M hit in the opening seconds.
In addition there was a short paint of 10K at .00001 which was immediately covered.
Loaded at .0001 Ask: 780M in the last 11 trading days & so far today
Total since July 1, 2016: 2.950B.
Loaded at .0001 Ask: 780M in 12 trading days.
Total loaded by buying at .0001 since July 1, 2016: 2.950B.
The GTC ask at .0001 - believed to be from the 1-tick basher / flippers trying to get out even - was further reduced to 42M at the close today (because they got some fills).
1-tick flippers should easily get swept away if a group decides to run this - their ask is insignificant as people will probably be slapping the ask for 10M>50M at a time whenever it looks like the last few are going - happened on every off the bottom .0001 ask stock this year (even those that are complete scams - unlike REDG).
Further message latter on the relevant example of the .0001 ask stock that traded 506M today.
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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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