All eyes on VFIN to move up when the current round
Post# of 1674
Posted On: 05/06/2016 9:23:23 AM
All eyes on VFIN to move up when the current round of 500M convertible debt selling is done.
Some have large bids in hoping the last chunk may be sold into the bid.
Bid sitters need to watch for VFIN to move after any sell into the bid because immediately afterwards there may be a very limited opportunity to buy on the next ask up - that will depend entirely on how many 1-tick flippers put up. Less than 20M and we could get 2 ticks in minutes.
$REDG
Some have large bids in hoping the last chunk may be sold into the bid.
Bid sitters need to watch for VFIN to move after any sell into the bid because immediately afterwards there may be a very limited opportunity to buy on the next ask up - that will depend entirely on how many 1-tick flippers put up. Less than 20M and we could get 2 ticks in minutes.
$REDG
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"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.
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