REDG. During January to April 2015, much of the tr
Post# of 1674
Posted On: 06/09/2015 5:17:56 PM
REDG. During January to April 2015, much of the trading comprised people buying in .0008 > .0010 range and flipping for 1-2 ticks by stacking the ask.
About a month ago, this reduced significantly and longs who understand REDG and how it trades each year started to hold onto their shares.
Those that know REDG but were sitting on the sidelines probably expected to be able to buy a chunk of the 15M>20M flippers wall at .0010 or .0011 but that has not been evident for a month now. Shares are very hard to come by bid sitting and so those that want to build a significant 10M position have to buy on the ask and there is evidence that they been doing so (just a few M per day).
Accordingly, I anticipate a .0001 rise in pps every few days provided that nobody sells and no significant flippers wall appears.
I anticipate that if there is no news by the end of this week by which time there will be only 3 weeks left prior to Sand Diego Comic-Con, the pps will continue to creep up towards .0020 and this will provide a higher launching point than was the case for the last run to .01+ in 2014.
About a month ago, this reduced significantly and longs who understand REDG and how it trades each year started to hold onto their shares.
Those that know REDG but were sitting on the sidelines probably expected to be able to buy a chunk of the 15M>20M flippers wall at .0010 or .0011 but that has not been evident for a month now. Shares are very hard to come by bid sitting and so those that want to build a significant 10M position have to buy on the ask and there is evidence that they been doing so (just a few M per day).
Accordingly, I anticipate a .0001 rise in pps every few days provided that nobody sells and no significant flippers wall appears.
I anticipate that if there is no news by the end of this week by which time there will be only 3 weeks left prior to Sand Diego Comic-Con, the pps will continue to creep up towards .0020 and this will provide a higher launching point than was the case for the last run to .01+ in 2014.
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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.