Trading Summary - March 16.
At the open there was a lot of uncertainty due to doubts raised by a few posters on iHub after the close yesterday. This led to just about everyone questioning what was going on and reviewing their position.
Remuda didn't help the situation by failing to refute the posts with evidence yesterday afternoon or last night and by randomly blocking people who posted about them on Twitter. This led to significant delays in people getting up to date information on message boards.
There was no serious sell off. A possible serious dump into the bid never happened and there was no serious further shorting attempt either.
After gapping down at the open, a 12M>24M bid rapidly appeared at .0006 and at subsequent levels moving up.
It was pretty much all buying on the ask thereafter - with the bid moving up - with an element of flipping including a few undercut asks and bid whacks by people taking 1 tick instead of 2. See my earlier post for an indication of how the first 100M+ in transactions was split up.
A few large holders from iHub did decide to sell relatively large positions at a loss but in a manner that was not evident during the general action.
During the course of the day, various information came to light regarding the court case number, the fact that there was a hearing today, that Remuda bought 22M early on at the ask at .0007/8, and that the court hearing went well with an announcement due after the close tomorrow.
After release of the announcement countdown, it only took one person to slap the ask and a few to follow for the .0008s and .0009s to disappear, and for most of the .0010s to be taken as well. Relatively few people flipped from .0007/.0008 during this process in relation to the volume bought at those levels today - let alone previously.
Overall, a much better day than I expected with a strong close at .0010 on 134M volume.
I think we will be in for an exciting day again tomorrow but with cautious optimism rather than trepidation.
All the views expressed are mine alone based on my interpretation of Level 2 observations, Tweets from Remuda and the continuously changing general sentiment of posts elsewhere. Everyone should consider their own various courses of action to implement as the situation develops tomorrow.
At the open there was a lot of uncertainty due to doubts raised by a few posters on iHub after the close yesterday. This led to just about everyone questioning what was going on and reviewing their position.
Remuda didn't help the situation by failing to refute the posts with evidence yesterday afternoon or last night and by randomly blocking people who posted about them on Twitter. This led to significant delays in people getting up to date information on message boards.
There was no serious sell off. A possible serious dump into the bid never happened and there was no serious further shorting attempt either.
After gapping down at the open, a 12M>24M bid rapidly appeared at .0006 and at subsequent levels moving up.
It was pretty much all buying on the ask thereafter - with the bid moving up - with an element of flipping including a few undercut asks and bid whacks by people taking 1 tick instead of 2. See my earlier post for an indication of how the first 100M+ in transactions was split up.
A few large holders from iHub did decide to sell relatively large positions at a loss but in a manner that was not evident during the general action.
During the course of the day, various information came to light regarding the court case number, the fact that there was a hearing today, that Remuda bought 22M early on at the ask at .0007/8, and that the court hearing went well with an announcement due after the close tomorrow.
After release of the announcement countdown, it only took one person to slap the ask and a few to follow for the .0008s and .0009s to disappear, and for most of the .0010s to be taken as well. Relatively few people flipped from .0007/.0008 during this process in relation to the volume bought at those levels today - let alone previously.
Overall, a much better day than I expected with a strong close at .0010 on 134M volume.
I think we will be in for an exciting day again tomorrow but with cautious optimism rather than trepidation.
All the views expressed are mine alone based on my interpretation of Level 2 observations, Tweets from Remuda and the continuously changing general sentiment of posts elsewhere. Everyone should consider their own various courses of action to implement as the situation develops tomorrow.
The Digital Development Group Corp. (DIDG) Stock Research Links
"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.
