Trading Update - May 4. It looks to me like MMs
Post# of 1674
Posted On: 05/04/2016 12:50:26 PM
Trading Update - May 4.
It looks to me like MMs are selling shares at .0004 to each other.
The first 6M shares bought on the ask from 10:55:07 were balanced by a trade in red of 6.012585M at 11:26:06.
There was then a precisely balanced 8.612625M at 12:32:12 + 25K at 12:18:50 with a trade in red of 8.862625M at 12:35:15.
Saw this sort of thing before - sometimes the MM with a quota of dilution shares to sell in a particular timescale for it's client sells them on to another if there aren't enough retail buyers.
We'll see.
Multiple other games going on with flippers creating a wall at .0005 to try to dupe people into selling at .0003. They will probably cancel a large chunk when it starts to move up.
Personally I'm very happy with how my position is sitting right now.
Total volume so far 50M - possibly including 32M in cross trades.
It looks to me like MMs are selling shares at .0004 to each other.
The first 6M shares bought on the ask from 10:55:07 were balanced by a trade in red of 6.012585M at 11:26:06.
There was then a precisely balanced 8.612625M at 12:32:12 + 25K at 12:18:50 with a trade in red of 8.862625M at 12:35:15.
Saw this sort of thing before - sometimes the MM with a quota of dilution shares to sell in a particular timescale for it's client sells them on to another if there aren't enough retail buyers.
We'll see.
Multiple other games going on with flippers creating a wall at .0005 to try to dupe people into selling at .0003. They will probably cancel a large chunk when it starts to move up.
Personally I'm very happy with how my position is sitting right now.
Total volume so far 50M - possibly including 32M in cross trades.
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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.