My thoughts on trading trends over the last few da
Post# of 1674
Posted On: 05/05/2016 1:35:09 PM
My thoughts on trading trends over the last few days since the POW Folio launch was announced.
I do thing the market is interested - unlike many tickers at this end of the OTC spectrum (.0001 > .01 at entry) - $REDG has an actual revenue producing products now.
Most people in it already are either ultra-longs / longs with various end game strategies in mind (ranging from sell all when they have a small profit overall > sell a portion + retain a huge 50M+ holding of almost free shares for later financials) or flippers who have been following long enough to already have some shares and don't necessarily want more until it starts to move.
It is pretty unlikely that anyone who didn't think about bidding for .0002s as soon as it moved to .0003 probably isn't going to get any now, even if there was a 100M+ dump into the bid from here.
The fact of the matter is, since the POW Folio launch was announced, $REDG has traded 50M each day so far - almost all bought on the ask at .0004 - and is on track to do the same today.
People who want to trade other tickers elsewhere whilst we wait for VFIN to move up probably aren't bothered about paying the difference between .0004 and .0005 and may therefore wait until it starts to move.
All just my opinion from close observation of every trade and analyzing the sentiments of those that post on iHub. However, iHub is not the center of the trading universe and many shareholders - and those thinking of buying - clearly don't post there or anywhere else.
I do know many are viewing comments here.
$REDG
I do thing the market is interested - unlike many tickers at this end of the OTC spectrum (.0001 > .01 at entry) - $REDG has an actual revenue producing products now.
Most people in it already are either ultra-longs / longs with various end game strategies in mind (ranging from sell all when they have a small profit overall > sell a portion + retain a huge 50M+ holding of almost free shares for later financials) or flippers who have been following long enough to already have some shares and don't necessarily want more until it starts to move.
It is pretty unlikely that anyone who didn't think about bidding for .0002s as soon as it moved to .0003 probably isn't going to get any now, even if there was a 100M+ dump into the bid from here.
The fact of the matter is, since the POW Folio launch was announced, $REDG has traded 50M each day so far - almost all bought on the ask at .0004 - and is on track to do the same today.
People who want to trade other tickers elsewhere whilst we wait for VFIN to move up probably aren't bothered about paying the difference between .0004 and .0005 and may therefore wait until it starts to move.
All just my opinion from close observation of every trade and analyzing the sentiments of those that post on iHub. However, iHub is not the center of the trading universe and many shareholders - and those thinking of buying - clearly don't post there or anywhere else.
I do know many are viewing comments here.
$REDG
(0)
(0)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.