35M in slaps on the ask at .0002 so far today - 15
Post# of 1183
Posted On: 04/26/2016 3:15:21 PM
35M in slaps on the ask at .0002 so far today - 15M left.
I suspect that opportunistic flippers who got lucky and picked up .0001s when the last wave of dilution or shorting hit - and who had them up at .0003 for a 2-tick profit - sold some at .0002 on the undercut ask today.
Watch for the .0003 figure when all the MMs move up from .0002.
Was 147M prior to the close yesterday with only 69M in GTCs.
A figure in the 69M > 100M range would not be too bad as people tend to buy 5M/10M/15M at a time and we have seen 50M slaps.
I suspect that opportunistic flippers who got lucky and picked up .0001s when the last wave of dilution or shorting hit - and who had them up at .0003 for a 2-tick profit - sold some at .0002 on the undercut ask today.
Watch for the .0003 figure when all the MMs move up from .0002.
Was 147M prior to the close yesterday with only 69M in GTCs.
A figure in the 69M > 100M range would not be too bad as people tend to buy 5M/10M/15M at a time and we have seen 50M slaps.
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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.
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