Over on iHub, it is evident that the same few posters there are still clueless as to why there was huge loading from July 1 onward - they only appear to have noticed the recent large scale buying in the last 2 weeks.
Also, they are spending all their time writing fantasy nonsense about legal action and perceived injustice of the reorganization rather than working out the possible scenarios that may play out after it and formulating plans for each.
Only 20M REDG was traded yesterday - and some of that was at non-retail prices indicating that some had decided to instruct their broker to sell as "worthless" for a fee to wipe it from their account. This indicates that the iHub mentality traders are unlikely to add huge amounts of shares at .0001 and .0002 as has been seen on BETS to get a high share count before the split.
This is actually better as they almost certainly wouldn't have the required patience after the split to wait for those who did the serious loading to run the price up. Nor do they possess the skill to quickly work out whether to buy to assist the move up and get their average cost basis down and work out the point at which to convert to "free" shares after considering previous large profits it has been possible to bank on $REDG over multiple runs over the last 4 years.
Also, they are spending all their time writing fantasy nonsense about legal action and perceived injustice of the reorganization rather than working out the possible scenarios that may play out after it and formulating plans for each.
Only 20M REDG was traded yesterday - and some of that was at non-retail prices indicating that some had decided to instruct their broker to sell as "worthless" for a fee to wipe it from their account. This indicates that the iHub mentality traders are unlikely to add huge amounts of shares at .0001 and .0002 as has been seen on BETS to get a high share count before the split.
This is actually better as they almost certainly wouldn't have the required patience after the split to wait for those who did the serious loading to run the price up. Nor do they possess the skill to quickly work out whether to buy to assist the move up and get their average cost basis down and work out the point at which to convert to "free" shares after considering previous large profits it has been possible to bank on $REDG over multiple runs over the last 4 years.
Red Giant Entertainment Inc. (REDG) Stock Research Links
"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.
