320K whale buy took out the .0128s - and the games
Post# of 11107
Posted On: 11/02/2015 3:34:28 PM
320K whale buy took out the .0128s - and the games continue from those who have been trying to hold it back with an immediate undercut ask of 222K at .0127.
I have suspected for months that naked shorts are on this - paying the known bashers elsewhere to deter people buying on the ask and trying to persuade weak hands to sell - and they are getting caught out. Over the last month, one or more people have been willing on several occasions to take on the so called ask wall when it is in the 200K>500K range. Time will tell if we get a short squeeze and consequent run up on thin volume when the company puts out any significant news of revenue.
Total vol so far today is 1.17M of which almost all has been bought on the ask (including undercut ask). That makes 12.6M bought up since October 1.
I have suspected for months that naked shorts are on this - paying the known bashers elsewhere to deter people buying on the ask and trying to persuade weak hands to sell - and they are getting caught out. Over the last month, one or more people have been willing on several occasions to take on the so called ask wall when it is in the 200K>500K range. Time will tell if we get a short squeeze and consequent run up on thin volume when the company puts out any significant news of revenue.
Total vol so far today is 1.17M of which almost all has been bought on the ask (including undercut ask). That makes 12.6M bought up since October 1.
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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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