Early trading - April 25. 93M bought in 15 minu
Post# of 1217
Posted On: 04/25/2016 10:56:11 AM
Early trading - April 25.
93M bought in 15 minutes took out the .0002s.
On uptick the .0003 ask was "only" 110M - nothing when people are typicaly buying 5M>10M but on occasion as much as 50M.
Then one or 2 flippers increased the ask at .0003 to 150M causing some flippers who wanted to take a 1-tick profit from one to dump into the .0002 bid.
This lead to an undercut ask of 25M which was quickly bought out.
.0003s back up and only 137M there now.
A lot of people still need to average down on this one - they have to decide whether to wait for news or risk paying a higher price when it can uptick to .0004 on just a few whale buys.
93M bought in 15 minutes took out the .0002s.
On uptick the .0003 ask was "only" 110M - nothing when people are typicaly buying 5M>10M but on occasion as much as 50M.
Then one or 2 flippers increased the ask at .0003 to 150M causing some flippers who wanted to take a 1-tick profit from one to dump into the .0002 bid.
This lead to an undercut ask of 25M which was quickly bought out.
.0003s back up and only 137M there now.
A lot of people still need to average down on this one - they have to decide whether to wait for news or risk paying a higher price when it can uptick to .0004 on just a few whale buys.
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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.