(Total Views: 4049)
Posted On: 03/31/2017 11:29:01 AM
Post# of 1782
Early Trading + Outlook - March 31.
.0072>.0098 soon after open.
For months, there have been people shorting it to pick up large amounts on the bid and flip on a large spread.
They got caught out by the unexpected Tweet from CEO that updates coming next week.
MMs tried to hold back to cover in .0080s - unsuccessful.
.0092s up again already - probably less than 1M under .01.
Watch for .01 break anytime and rapid move up in .01 > .02 range at any time.
This action will continue for up to another 5 days until news comes out.
Will drop again if people underwhelmed by news. On the other hand, news may be significant update on actual sales or growth plans, future sales trips etc.
.0072>.0098 soon after open.
For months, there have been people shorting it to pick up large amounts on the bid and flip on a large spread.
They got caught out by the unexpected Tweet from CEO that updates coming next week.
MMs tried to hold back to cover in .0080s - unsuccessful.
.0092s up again already - probably less than 1M under .01.
Watch for .01 break anytime and rapid move up in .01 > .02 range at any time.
This action will continue for up to another 5 days until news comes out.
Will drop again if people underwhelmed by news. On the other hand, news may be significant update on actual sales or growth plans, future sales trips etc.
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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.
