This is why CRTC should be thin at every level now
Post# of 5404
Posted On: 01/05/2016 12:53:38 PM
This is why CRTC should be thin at every level now. I believe that the reason not much is appearing on the ask is that only those who understand how CRTC trades - and are mostly long until the retail deals are finalized however long that takes - were willing to bid .0004 and .0003 on the way down when failed flippers and impatient, disaffected longs were selling Fall 2015 > end-2015.
This has may have kept many of the .0003s and .0004s out of the hands of flippers. Opportunist flippers wanted .0002 and didn't get them.
As long as we don't see any ask sizes above 5M - and preferably next to nothing - we should get a tick up every time one new person gets in.
This board is getting a lot of views now - 180+ so far today and 100+ yesterday. It is only a matter of time before we get another person wants 5M and they won't even get it at a single .0001 level. Every day or so we could be up another .0001 if nobody sells.
This has may have kept many of the .0003s and .0004s out of the hands of flippers. Opportunist flippers wanted .0002 and didn't get them.
As long as we don't see any ask sizes above 5M - and preferably next to nothing - we should get a tick up every time one new person gets in.
This board is getting a lot of views now - 180+ so far today and 100+ yesterday. It is only a matter of time before we get another person wants 5M and they won't even get it at a single .0001 level. Every day or so we could be up another .0001 if nobody sells.
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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.