The previous large dilution days - mainly large du
Post# of 1674
Posted On: 05/04/2016 9:09:44 AM
The previous large dilution days - mainly large dumps into the bid at .0001 [actually way bigger than the bid on occasion] because people failed to take the diluting MM hint and hit the ask for a reasonable portion of the 100M at .0002 for too many days in a row:
Mar 16: 460M
Feb 16: 472M
Jan 12: 228M
I do not believe that most of those shares went to normal retail people - a number of posters reported having .0001 bids in for 60 days with few or no fills before they timed out.
In the main, only ultra-longs who saw the long-term potential had the cahones to be bidding significant amounts at .0001 when naysayers were convinced it would go to no bid. It never did for more than a few seconds.
Some snapped up any undercut ask at .0001 in seconds
Mar 16: 460M
Feb 16: 472M
Jan 12: 228M
I do not believe that most of those shares went to normal retail people - a number of posters reported having .0001 bids in for 60 days with few or no fills before they timed out.
In the main, only ultra-longs who saw the long-term potential had the cahones to be bidding significant amounts at .0001 when naysayers were convinced it would go to no bid. It never did for more than a few seconds.
Some snapped up any undercut ask at .0001 in seconds
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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.