Last trading session action (Friday): It looked
Post# of 1674
Posted On: 06/20/2015 11:32:56 PM
Last trading session action (Friday):
It looked like 1 or 2 people were impatient and sold around 20M causing the dip which was short lived. It was obvious that a few others then seized the opportunity to build up a position - for instance there was one decisive 8M+ hit at .0013 amongst the 24M+ buying that followed. All last week, shares had been very hard to come by at .0013 and almost impossible at .0012.
If all the volume yesterday had been applied to the ask, instead of recovering from the dip, REDG might have closed at .0018 or .0019, or perhaps even broken above .0020. There has been negligible flipping for about a month now.
It's going to be fun to watch what happens if even just 5-10 sideline sitters who know how REDG can move decide to jump in each time we see another promising news update. If the CEO is able to deliver a few more of the known upcoming catalyst items before the end of San Diego Comic Con, we should see a serious move up in my view.
It looked like 1 or 2 people were impatient and sold around 20M causing the dip which was short lived. It was obvious that a few others then seized the opportunity to build up a position - for instance there was one decisive 8M+ hit at .0013 amongst the 24M+ buying that followed. All last week, shares had been very hard to come by at .0013 and almost impossible at .0012.
If all the volume yesterday had been applied to the ask, instead of recovering from the dip, REDG might have closed at .0018 or .0019, or perhaps even broken above .0020. There has been negligible flipping for about a month now.
It's going to be fun to watch what happens if even just 5-10 sideline sitters who know how REDG can move decide to jump in each time we see another promising news update. If the CEO is able to deliver a few more of the known upcoming catalyst items before the end of San Diego Comic Con, we should see a serious move up in my view.
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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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