The remnants of the last note due have been handle
Post# of 1674
Posted On: 08/24/2015 12:44:07 PM
The remnants of the last note due have been handled very well since the Shareholder Update video. The MMs try to sell them on the ask without stacking and at certain times of the day there are a few transactions going through at prices to 5 decimal places (eg .000396) without detracting from the bid.
It has not been realistic to expect to get .0003s on the bid now for 3 trading days - rose to 155M at point - and I believe we will start to see people cancelling their bid and starting to hit the ask instead.
Also, as expected, very few who bought at .0003 or .0004 are interested in flipping for a few ticks - only longs who really understand where REDG is going in the next 2 months - and a lot higher after financials following the GSL launch - would have had the confidence to buy down here. That's why there is only 25M on the ask at .0005 at present.
It has not been realistic to expect to get .0003s on the bid now for 3 trading days - rose to 155M at point - and I believe we will start to see people cancelling their bid and starting to hit the ask instead.
Also, as expected, very few who bought at .0003 or .0004 are interested in flipping for a few ticks - only longs who really understand where REDG is going in the next 2 months - and a lot higher after financials following the GSL launch - would have had the confidence to buy down here. That's why there is only 25M on the ask at .0005 at present.
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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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