REDG early trading summary:
Most of the convertible debt sells are going through at 5-decimal place prices, for example .000396, without detracting from the bid.
At the same time, normal retail bids are not being shown at .0004 or filled - I have had 2 orders in since early yesterday. They didn't even fill this morning when there was some .0004 on the ask.
Presumably the discounted buys are pre-arranged - some are for very large amounts - one was for 46.89M yesterday. I suspect someone with a plan is loading.
The majority bought at .0004 is not being flipped at .0005.
Once people realize they will not get much / any on the bid at .0004, we should start to see larger buys on the ask at .0005 again.
Most of the convertible debt sells are going through at 5-decimal place prices, for example .000396, without detracting from the bid.
At the same time, normal retail bids are not being shown at .0004 or filled - I have had 2 orders in since early yesterday. They didn't even fill this morning when there was some .0004 on the ask.
Presumably the discounted buys are pre-arranged - some are for very large amounts - one was for 46.89M yesterday. I suspect someone with a plan is loading.
The majority bought at .0004 is not being flipped at .0005.
Once people realize they will not get much / any on the bid at .0004, we should start to see larger buys on the ask at .0005 again.
Red Giant Entertainment Inc. (REDG) Stock Research Links
"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.