Posted On: 08/29/2016 4:07:49 PM
Post# of 1674
Trading Summary - August 29.
4.6M loaded by buying on the ask at .0001.
Loaded at .0001 Ask: 785M in the last 13 trading days.
Total since July 1, 2016: 2.955B.
With an O/S of 8B - but with almost 3B in the hands of those that have loaded it since July 1 and at least 1B known to be in the hands of just a handful of "longs", effectively the O/S that is likely to be traded in the first few to several upticks is now the same as VPOR (see example of how it ran in sticky) - 4B.
The GTC ask at .0001 - believed to be mostly from the 1-tick basher / flippers trying to get out even - was 44M.
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).
In that regard, 3 x OTC market watchers / alerters mentioned REDG again today.
4.6M loaded by buying on the ask at .0001.
Loaded at .0001 Ask: 785M in the last 13 trading days.
Total since July 1, 2016: 2.955B.
With an O/S of 8B - but with almost 3B in the hands of those that have loaded it since July 1 and at least 1B known to be in the hands of just a handful of "longs", effectively the O/S that is likely to be traded in the first few to several upticks is now the same as VPOR (see example of how it ran in sticky) - 4B.
The GTC ask at .0001 - believed to be mostly from the 1-tick basher / flippers trying to get out even - was 44M.
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).
In that regard, 3 x OTC market watchers / alerters mentioned REDG again 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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