Trading Summary - Last Week.
It is obvious from comments elsewhere, that the small drop from the .0008s down to .0005 on the bid was caused by small scale profit taking by a few bit players dumping into the bid ruthlessly - by which I mean a single sell of 3M>5M if that size bid appears - when they discovered that nobody was going to hit the ask when they selfishly put up a large wall (by which I mean anything above 20M total).
They have revealed their position (that they have sold everything) and have now not only reverted to their usual "basher (to reload) pumper (to sell) basher (to reload"
mode which I have observed many times since 2012.
Whilst taking a small profit at a relatively low level is perfectly OK, they have now resorted to making personal attacks on those who take an alternative view on the current situation and long term prospects - which is not OK - it would not be tolerated here. Their aim is to discredit them in the eyes of the traders in the hope that they will be duped into selling their shares for a loss so that they can reload for another low level 1 to 5-tick flip. There are only 3 to 5 of them involved in this so far.
The level of animosity being thrown around makes viewing iHub - let alone Moderating it - not worth the effort yet again. I've said it before - and I'll say it again - iHub is not the center of the trading universe and REDG will ultimately end up where it deserves to be - wherever that is - regardless of what is posted on iHub.
So for the time being - whilst I have 5 other stocks to monitor very closely for developments and a run at any time - I won't be posting much there. All updates will be here.
Moving back to trading, it is difficult to tell who kept putting additional undercut ask .0005s up on Friday. It could be that the only convertible debt holder that is able to convert at present has been selling on the ask or some could have been the flippers slowly getting out (they admit they are out now). I suspect it is a combination of both. The amount of shares that can be converted at present is limited.
On iHub, other respected posters had pointed out - in response to the bashers - that there are plenty of stocks with share counts in the 5/6B range that have run from .000xs to .01>.05 - the posts were deleted as Off Topic.
I have seen examples every year.
My overall strategy remains unchanged - every dip is a buying opportunity to lower the average cost basis of the core holding of shares to be retained for the time when REDG is eventually profitable. Shares accumulated above that price can of course then be sold for 50%>1000% over time as the stock rises.
It is obvious from comments elsewhere, that the small drop from the .0008s down to .0005 on the bid was caused by small scale profit taking by a few bit players dumping into the bid ruthlessly - by which I mean a single sell of 3M>5M if that size bid appears - when they discovered that nobody was going to hit the ask when they selfishly put up a large wall (by which I mean anything above 20M total).
They have revealed their position (that they have sold everything) and have now not only reverted to their usual "basher (to reload) pumper (to sell) basher (to reload"
mode which I have observed many times since 2012. Whilst taking a small profit at a relatively low level is perfectly OK, they have now resorted to making personal attacks on those who take an alternative view on the current situation and long term prospects - which is not OK - it would not be tolerated here. Their aim is to discredit them in the eyes of the traders in the hope that they will be duped into selling their shares for a loss so that they can reload for another low level 1 to 5-tick flip. There are only 3 to 5 of them involved in this so far.
The level of animosity being thrown around makes viewing iHub - let alone Moderating it - not worth the effort yet again. I've said it before - and I'll say it again - iHub is not the center of the trading universe and REDG will ultimately end up where it deserves to be - wherever that is - regardless of what is posted on iHub.
So for the time being - whilst I have 5 other stocks to monitor very closely for developments and a run at any time - I won't be posting much there. All updates will be here.
Moving back to trading, it is difficult to tell who kept putting additional undercut ask .0005s up on Friday. It could be that the only convertible debt holder that is able to convert at present has been selling on the ask or some could have been the flippers slowly getting out (they admit they are out now). I suspect it is a combination of both. The amount of shares that can be converted at present is limited.
On iHub, other respected posters had pointed out - in response to the bashers - that there are plenty of stocks with share counts in the 5/6B range that have run from .000xs to .01>.05 - the posts were deleted as Off Topic.
I have seen examples every year.
My overall strategy remains unchanged - every dip is a buying opportunity to lower the average cost basis of the core holding of shares to be retained for the time when REDG is eventually profitable. Shares accumulated above that price can of course then be sold for 50%>1000% over time as the stock rises.
Red Giant Entertainment Inc. (REDG) Stock Research Links
"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.
