I first noted several weeks ago that 1 / 2-tick fl
Post# of 1674
Posted On: 06/17/2015 11:01:22 PM
I first noted several weeks ago that 1 / 2-tick flipping from .0009 to .0010 / .0011 had ceased and that those who sat on the sidelines expecting to take a chunk out of the 10M>19M flippers wall at .0011 at the last moment when news hit had missed that opportunity and would eventually have to hit the Ask if they wanted to build up a significant position.
Soon after, we saw an 11M bid at .0011 and very little picked up on the Ask in the .0012>.0014 range. We then saw a 5M bid at .0012 on top of the 11M bid still showing at .0011 about a week ago.
3 business days ago, those sitting on the bid at .0011 moved up to join those already at .0012 to give a total in the 18M>23M range at .0012.
Half way through today, 18M of the bid moved up to .0013 and, after the update from Benny on Facebook, a few hit the Ask, taking out the relatively low volume at .0014 and the bid at .0013 increased to 25M+. The bid was not whacked to any significant extent, showing that nobody is looking to flip at present by bid whacking.
Going forward between now and SDCC, I expect REDG to continue to uptick on relatively low volume (2M>9M) with perhaps a few flippers from .0010>.0014 taking a small profit along the way. I also expect we will see a few people who know how quickly REDG can move trying to build a reasonable position that would require buying across a few ticks. I think it will be mostly up from here until the end of SDCC by which time we should get updates on the 3 items mentioned today and possibly also on partnerships (note that Benny mentioned these in the plural).
All the above is just my take on what I have observed on Level 2 over the last 6 months whilst watching REDG continuously for over 2 years.
I already have my shares and am in the green overall - I really don't care what anyone else does. I will be making money in the days, weeks and months going forward whatever happens - the only question is how much and when.
I think the reason not a lot of people are posting at the moment is that they are still trying to get in and don't want it to move up too fast. It all comes back to the choices made to load or not during the relatively quiet period January to April and whether Benny was trusted to deliver in a timescale individuals were happy with.
REDG - almost never without a good chunk in my holdings.
Soon after, we saw an 11M bid at .0011 and very little picked up on the Ask in the .0012>.0014 range. We then saw a 5M bid at .0012 on top of the 11M bid still showing at .0011 about a week ago.
3 business days ago, those sitting on the bid at .0011 moved up to join those already at .0012 to give a total in the 18M>23M range at .0012.
Half way through today, 18M of the bid moved up to .0013 and, after the update from Benny on Facebook, a few hit the Ask, taking out the relatively low volume at .0014 and the bid at .0013 increased to 25M+. The bid was not whacked to any significant extent, showing that nobody is looking to flip at present by bid whacking.
Going forward between now and SDCC, I expect REDG to continue to uptick on relatively low volume (2M>9M) with perhaps a few flippers from .0010>.0014 taking a small profit along the way. I also expect we will see a few people who know how quickly REDG can move trying to build a reasonable position that would require buying across a few ticks. I think it will be mostly up from here until the end of SDCC by which time we should get updates on the 3 items mentioned today and possibly also on partnerships (note that Benny mentioned these in the plural).
All the above is just my take on what I have observed on Level 2 over the last 6 months whilst watching REDG continuously for over 2 years.
I already have my shares and am in the green overall - I really don't care what anyone else does. I will be making money in the days, weeks and months going forward whatever happens - the only question is how much and when.
I think the reason not a lot of people are posting at the moment is that they are still trying to get in and don't want it to move up too fast. It all comes back to the choices made to load or not during the relatively quiet period January to April and whether Benny was trusted to deliver in a timescale individuals were happy with.
REDG - almost never without a good chunk in my holdings.
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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.