Early Trading - April 5. 11M vol took ADMD from
Post# of 364
Posted On: 04/05/2016 10:15:44 AM
Early Trading - April 5.
11M vol took ADMD from .0059>.0065.
Looks like it's being walked up on relatively low volume.
Every time there is a bid of 1M+ within .0002 of the ask, it gets whacked by a few people holding large amounts from way lower - possible even .001xs or .002xs.
I've only had about 500K at any one time above .0030 so I'm out now as the risk reward ratio just isn't there for me when I could trade 10 x number of shares for the same cash on a .0005 ticker. It's taking too much of my attention having to watch for selfish bid -whackers.
ADMD could go much higher as news rolls out regarding the pet cancer treatment business but there is also the risk of a reverse split announced to take place by October (which of course could happen at any time when the company thinks the stock has run up enough).
I
11M vol took ADMD from .0059>.0065.
Looks like it's being walked up on relatively low volume.
Every time there is a bid of 1M+ within .0002 of the ask, it gets whacked by a few people holding large amounts from way lower - possible even .001xs or .002xs.
I've only had about 500K at any one time above .0030 so I'm out now as the risk reward ratio just isn't there for me when I could trade 10 x number of shares for the same cash on a .0005 ticker. It's taking too much of my attention having to watch for selfish bid -whackers.
ADMD could go much higher as news rolls out regarding the pet cancer treatment business but there is also the risk of a reverse split announced to take place by October (which of course could happen at any time when the company thinks the stock has run up enough).
I
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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.