121M volume today got rid of a lot of convertible
Post# of 5281
Posted On: 02/22/2016 8:25:13 PM
121M volume today got rid of a lot of convertible debt on a non-news day.
A lot of people who had been sitting on the sidelines - making up a 64M bid at .0002 almost continuously since the Januray 4 PR - were able to get a position at .0003 or .0004 as a result after they hit the ask when the 31M bid came in at .0003 at the open.
Inevitably there might be a few 1/2-tick flippers going forward although many of the .0003s today will have been picked up by longs to keep them out of the hands of flippers.
A few new faces turned up on the iHub board today after CRTC became No 1 on the iHub Breakout Board (although that is calculated by the % increase in daily posts so can be misleading as there are normally only a few posts a day and today it was 100+).
Still my No 1 Pick for 2016 - it really won't matter what price in the .0003>.0009 range people bought when Critic Clothing gets a deal to sell apparel via an established name retail outlet chain.
A lot of people who had been sitting on the sidelines - making up a 64M bid at .0002 almost continuously since the Januray 4 PR - were able to get a position at .0003 or .0004 as a result after they hit the ask when the 31M bid came in at .0003 at the open.
Inevitably there might be a few 1/2-tick flippers going forward although many of the .0003s today will have been picked up by longs to keep them out of the hands of flippers.
A few new faces turned up on the iHub board today after CRTC became No 1 on the iHub Breakout Board (although that is calculated by the % increase in daily posts so can be misleading as there are normally only a few posts a day and today it was 100+).
Still my No 1 Pick for 2016 - it really won't matter what price in the .0003>.0009 range people bought when Critic Clothing gets a deal to sell apparel via an established name retail outlet chain.
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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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