What the entire episode has shown is that a .0001
Post# of 713
Posted On: 03/23/2016 5:14:02 PM
What the entire episode has shown is that a .0001 for several months ticker - with a CEO known to have abandoned it - can be taken by a third party from .0001>.0017 - with about 2.4 Billion traded in just over 2 weeks - without even any front loading - giving ample opportunity for anyone who was in it before to average down and get out if they wanted to and / or to make large profits.
So I come back to - anything is possible at any time in the OTC.
It isn't the first ticker to come back from .0001 - or even no bid - and it won't be the last.
Remuda's new play today is another example - .0001 on the ask when they alerted it - but that one had been massively preloaded - potentially by 560M in the previous 9 days alone which is why I avoided it as I had enough other good stuff going on elsewhere to concentrate on.
So I come back to - anything is possible at any time in the OTC.
It isn't the first ticker to come back from .0001 - or even no bid - and it won't be the last.
Remuda's new play today is another example - .0001 on the ask when they alerted it - but that one had been massively preloaded - potentially by 560M in the previous 9 days alone which is why I avoided it as I had enough other good stuff going on elsewhere to concentrate on.
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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.
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