Trading summary - January 6. Insignificant smal
Post# of 5404
Posted On: 01/07/2016 9:23:41 AM
Trading summary - January 6.
Insignificant small trades on an undercut ask at .0006 and less than 1M picked up on the bid at .0005.
New interest in CRTC (100+ views on Monday & 360+ views on Tuesday) didn't hit the ask at .0007.
Accordingly, CRTC will probably remain in the .0004>.0006 range until they do.
This is not a problem - CRTC often sits for months on a 2>4-tick spread with almost nothing on the ask (250K>5M) whilst awaiting new developments. When they are announced, only one person can get in at each .0001 level and even then doesn't get much.
In the meantime, a few longs are prepared to keep .0004s out of the hands of low-level flippers who might be looking for only 100% or less.
The cryptic tweet from the CEO yesterday - he does a lot of those - alluded to business development meetings already underway in the New Year.
I think we will see development catalysts more frequently in 2016 than in 2014 and 2015.
Insignificant small trades on an undercut ask at .0006 and less than 1M picked up on the bid at .0005.
New interest in CRTC (100+ views on Monday & 360+ views on Tuesday) didn't hit the ask at .0007.
Accordingly, CRTC will probably remain in the .0004>.0006 range until they do.
This is not a problem - CRTC often sits for months on a 2>4-tick spread with almost nothing on the ask (250K>5M) whilst awaiting new developments. When they are announced, only one person can get in at each .0001 level and even then doesn't get much.
In the meantime, a few longs are prepared to keep .0004s out of the hands of low-level flippers who might be looking for only 100% or less.
The cryptic tweet from the CEO yesterday - he does a lot of those - alluded to business development meetings already underway in the New Year.
I think we will see development catalysts more frequently in 2016 than in 2014 and 2015.
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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.