Trading Summary - March 28. A combination of co
Post# of 1001
Posted On: 03/28/2016 4:10:11 PM
Trading Summary - March 28.
A combination of convertible debt selling and panic selling - and possibly some shorting as well - took the pps as low as .0108 today.
Each time a bid was whacked away - there was confident buying on the ask with amounts of up to 5M sometimes being taken within seconds to a few minutes.
Today's action offered opportunities to add shares before the company's next announcements regarding any agreements reached, by the end of this week, on controlling / phasing convertible debt selling and future profit estimates.
Prior to the close, MM BKRT moved back up to .0020 and there were only 3 x MMs involved under that. Once people decide to hit the ask, there could be a rapid move to the upside with a few people flipping from the bottom up along the way.
Total volume traded 142M.
A combination of convertible debt selling and panic selling - and possibly some shorting as well - took the pps as low as .0108 today.
Each time a bid was whacked away - there was confident buying on the ask with amounts of up to 5M sometimes being taken within seconds to a few minutes.
Today's action offered opportunities to add shares before the company's next announcements regarding any agreements reached, by the end of this week, on controlling / phasing convertible debt selling and future profit estimates.
Prior to the close, MM BKRT moved back up to .0020 and there were only 3 x MMs involved under that. Once people decide to hit the ask, there could be a rapid move to the upside with a few people flipping from the bottom up along the way.
Total volume traded 142M.
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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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