Excellent close for CRTC today with only around 2M
Post# of 5281
Regardless of the varying bid size - and the convertible debt selling until it stopped early on when BKRT moved up to .0014 - almost all trades were buys on the ask with 110M traded today at .0004/,0005 and 121M yesterday.
Today there were multiple 10M/5M/3M/2M+ hits on the ask.
When the .0005 ask first appeared, there was 25M there - 14M was cancelled almost immediately when potential flippers who had GTCs in saw that it was not the 100M wall those not used to CRTC might have expected in the .000x world.
When one flipper undercut the ask with 4M at .0004, it was taken by someone without hesitation.
There are around another 12 new posters on iHub today in addition to the well-known longs who have been securing the cheap shares at every opportunity to keep as many out of the hands of those that might just flip for 200% at .0009.
With the thin share structure, once flippers have cleared out, CRTC has run into the .001xs several times since Critic Clothing bought the shell in mid-2014 - just on hype and movement based on the thin share structure.
What is different this year is the ambitious yet achievable plan laid out in the January 4 PR and the long list of achievements thus far, particularly in the last quarter of 2015. If you're new here, please check the stickies above to help your DD.
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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.