Copy of my opinion posted on iHub to one of the bi
Post# of 5410
Posted On: 01/29/2016 12:16:59 PM
Copy of my opinion posted on iHub to one of the bidders for 65M at .0002:
In my opinion, the only way anyone will get .0002s is if there are more convertible debt sellers and people fail to buy the small amount on the ask that they put up and the sellers get tired of waiting. I do not believe we will see anybody pick up a significant number of .0002s (>10M) in the next 10 months.
Even the most impatient person who might have got in for a quick flip and was disappointed has worked out by now that they will get .0003 or .0004 if they wait.
The CDEL seller who was trying to get rid of 5M at .0003/.0004 has cancelled (again) today.
I'm guessing that a significant portion of the 65M bid at .0002 are from people who became interested at the beginning of the year - I was getting 300>500 views a day on my posts elsewhere (here on IH) - but did not commit because of the relatively low volume and they didn't realize how thin CRTC can become with such a large proportion of the shares in the hands of ultra longs. As and when we get substantial news - the patents for unique designs or a retail deal - some of those bidders may hit the ask.
It always comes down to buy cheaper on the ask early on if you are confident the stock will go up sometime in the year or be ready to jump in immediately at a higher price when a significant move starts.
$CRTC
In my opinion, the only way anyone will get .0002s is if there are more convertible debt sellers and people fail to buy the small amount on the ask that they put up and the sellers get tired of waiting. I do not believe we will see anybody pick up a significant number of .0002s (>10M) in the next 10 months.
Even the most impatient person who might have got in for a quick flip and was disappointed has worked out by now that they will get .0003 or .0004 if they wait.
The CDEL seller who was trying to get rid of 5M at .0003/.0004 has cancelled (again) today.
I'm guessing that a significant portion of the 65M bid at .0002 are from people who became interested at the beginning of the year - I was getting 300>500 views a day on my posts elsewhere (here on IH) - but did not commit because of the relatively low volume and they didn't realize how thin CRTC can become with such a large proportion of the shares in the hands of ultra longs. As and when we get substantial news - the patents for unique designs or a retail deal - some of those bidders may hit the ask.
It always comes down to buy cheaper on the ask early on if you are confident the stock will go up sometime in the year or be ready to jump in immediately at a higher price when a significant move starts.
$CRTC
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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.