REDG early trading summary: Most of the convert
Post# of 1674
Posted On: 08/27/2015 1:15:09 PM
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.
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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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