(Total Views: 151)
Posted On: 09/02/2020 6:26:23 PM
Post# of 7048
Re: Miss The Bliss #1374
That happens all the time when it has small amounts walked down on the undercut ask below a price that has already started.
What I always do in circumstances like that is place an overwhelmingly large order guaranteed to take out everything I have observed put on all the undercut asks - set high enough (.0090 would have been the correct price to set in the closing minutes) when taking out the .0088s + .0089s.
If they are actually available you will get them at the cheapest prices anyway.
If they are diluting, they often do the first 37,500 of 100,000 at a cheaper 5-decimal place price anyway.
I agree that we should break .01+ tomorrow - provided most people cancel any left over asks they might have and don't bid sit waiting for others to hit the ask. When you bid sit without also hitting the ask, the bid becomes attractive to any convertible debt holders. When you hit the ask, they do a percentage as it moves up until it stops going up.
What I always do in circumstances like that is place an overwhelmingly large order guaranteed to take out everything I have observed put on all the undercut asks - set high enough (.0090 would have been the correct price to set in the closing minutes) when taking out the .0088s + .0089s.
If they are actually available you will get them at the cheapest prices anyway.
If they are diluting, they often do the first 37,500 of 100,000 at a cheaper 5-decimal place price anyway.
I agree that we should break .01+ tomorrow - provided most people cancel any left over asks they might have and don't bid sit waiting for others to hit the ask. When you bid sit without also hitting the ask, the bid becomes attractive to any convertible debt holders. When you hit the ask, they do a percentage as it moves up until it stops going up.
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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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