Huge buzz over on iHub now - and not just from the
Post# of 1221
Posted On: 04/18/2016 8:40:17 PM
Huge buzz over on iHub now - and not just from the people who have been stuck in it for months either.
The huge slaps on the ask at .0002 today - one for a straight 50M that printed as such and another for 50M+ broken up from multiple MMs in a single second - were very telling - someone obviously knows something about updates that are coming soon.
At the time there was still convertible debt selling going on 40M>90M at a time into the .0001 bid yet someone or a group wasn't bothered about the price difference to make sure they had at least 100M.
The .0002 ask was constantly cut from 98M until 36M remained then that went in a minute or so.
When the .0003 ask appeared there was only 133M there initially.
If it hadn't been for one or 2 morons who have no idea how to trade dumping about 20M into the instant .0002 bid, the .0003s would have been cleared out long before the close and it might have been gapping up at .0004 at the open.
Looking forward to seeing what tomorrow brings.
It will either run hard from the open or we will see a few more lunch money flippers putting up 10M>20M at a time at .0002 - but at least they won't get back in and will miss out on the run that some are predicting pennies on - based on the valuation of the companies being acquired.
Just another dramatic day in OTC land !
The huge slaps on the ask at .0002 today - one for a straight 50M that printed as such and another for 50M+ broken up from multiple MMs in a single second - were very telling - someone obviously knows something about updates that are coming soon.
At the time there was still convertible debt selling going on 40M>90M at a time into the .0001 bid yet someone or a group wasn't bothered about the price difference to make sure they had at least 100M.
The .0002 ask was constantly cut from 98M until 36M remained then that went in a minute or so.
When the .0003 ask appeared there was only 133M there initially.
If it hadn't been for one or 2 morons who have no idea how to trade dumping about 20M into the instant .0002 bid, the .0003s would have been cleared out long before the close and it might have been gapping up at .0004 at the open.
Looking forward to seeing what tomorrow brings.
It will either run hard from the open or we will see a few more lunch money flippers putting up 10M>20M at a time at .0002 - but at least they won't get back in and will miss out on the run that some are predicting pennies on - based on the valuation of the companies being acquired.
Just another dramatic day in OTC land !
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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.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.