Early trading - August 19. In my opinion, the u
Post# of 1674
Posted On: 08/19/2015 12:25:15 PM
Early trading - August 19.
In my opinion, the update video from the REDG CEO has restored confidence to some longs who have been buying significant amounts this morning on the ask at .0003 and .0004.
Most who bought are, as I anticipated, not flipping for a few ticks - they are looking for much higher. Although it is early, there was only about 50M on the ask at .0004 and it counted down correctly when bought and wasn't topped up.
The MMs handling the small remaining notes are doing it in a better manner like used to happen a few months back. On each uptick, they are selling to 5 decimal places just below the new bid without affecting the bid (eg .000396).
Currently only 30M on ask at .0005, so again no large scale flipping down here.
Looking good again now for the coming weeks and months on the lead up to GSL launch on November 4.
In my opinion, the update video from the REDG CEO has restored confidence to some longs who have been buying significant amounts this morning on the ask at .0003 and .0004.
Most who bought are, as I anticipated, not flipping for a few ticks - they are looking for much higher. Although it is early, there was only about 50M on the ask at .0004 and it counted down correctly when bought and wasn't topped up.
The MMs handling the small remaining notes are doing it in a better manner like used to happen a few months back. On each uptick, they are selling to 5 decimal places just below the new bid without affecting the bid (eg .000396).
Currently only 30M on ask at .0005, so again no large scale flipping down here.
Looking good again now for the coming weeks and months on the lead up to GSL launch on November 4.
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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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