DIGX is a little known stock with a very thin shar
Post# of 4999
Posted On: 10/22/2015 10:24:51 AM
DIGX is a little known stock with a very thin share structure that for the past few years has had one or two spectacular runs from the .000xs or low .00xs.
For instance:
March 17, 2014: .0085 - from .0005 on February 15, 2014.
September 2, 2014: .0091 - from .0020 on August 11, 2014
February 24, 2015: .0026 - from .0006 on January 14, 2015
Over the last three trading sessions, after months of relative inactivity, it is evident that there is some accumulation going on both on the bid and by buying all the available ask:
October 16: 5.06M .0003>.0006
October 19: 1.30M .0005>.0006
October 20: 2.34M .0005>.0006
DIGX is worth watching over the next few days and weeks to see if the accumulation continues and whether there are any announcements from the company regarding the Rubix TV or other developments.
DIGX does not suffer from massive pre-loading in the .000xs (10Ms/100Ms) due to the thin share structure - float 406M - so it can move very quickly.
There is usually plenty of opportunity to sell on the ask when the stock is moving due to "chasing" for those who are patient and can watch and make decisions throughout the trading day.
For instance:
March 17, 2014: .0085 - from .0005 on February 15, 2014.
September 2, 2014: .0091 - from .0020 on August 11, 2014
February 24, 2015: .0026 - from .0006 on January 14, 2015
Over the last three trading sessions, after months of relative inactivity, it is evident that there is some accumulation going on both on the bid and by buying all the available ask:
October 16: 5.06M .0003>.0006
October 19: 1.30M .0005>.0006
October 20: 2.34M .0005>.0006
DIGX is worth watching over the next few days and weeks to see if the accumulation continues and whether there are any announcements from the company regarding the Rubix TV or other developments.
DIGX does not suffer from massive pre-loading in the .000xs (10Ms/100Ms) due to the thin share structure - float 406M - so it can move very quickly.
There is usually plenty of opportunity to sell on the ask when the stock is moving due to "chasing" for those who are patient and can watch and make decisions throughout the trading day.
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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.