Posted On: 09/30/2016 4:13:31 PM
Post# of 3565
Trading Summary - September 30.
Overall a slightly disappointing day with upwards progress hindered by low level flippers who both stacked the ask at .0007 all day and also whacked the .0006 bid.
19.9M volume traded - of which just over 3M was at .0007 and most of the remainder was at .0006.
We'll have to wait until next week to see if the rumored news materializes and how significant it is.
Those who remember $IJJP from last year will recall how it was like an ATM for weeks on end for those that didn't miss the chance to accumulate and who were patient and alert for 10>20-tick runs - sometimes on a deliberate bid/ask spread that made bid whacking more difficult. The key to that is of course hitting the ask despite a 2 to 5-tick spread which isn't happening yet.
Overall a slightly disappointing day with upwards progress hindered by low level flippers who both stacked the ask at .0007 all day and also whacked the .0006 bid.
19.9M volume traded - of which just over 3M was at .0007 and most of the remainder was at .0006.
We'll have to wait until next week to see if the rumored news materializes and how significant it is.
Those who remember $IJJP from last year will recall how it was like an ATM for weeks on end for those that didn't miss the chance to accumulate and who were patient and alert for 10>20-tick runs - sometimes on a deliberate bid/ask spread that made bid whacking more difficult. The key to that is of course hitting the ask despite a 2 to 5-tick spread which isn't happening yet.
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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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