If people fail to hit the ask at .0005, it is like
Post# of 1674
Posted On: 05/09/2016 11:20:05 AM
If people fail to hit the ask at .0005, it is likely that a small time one-tick flipper from .0003 will eventually sell into the bid at .0004 and then VFIN might move down to .0004 again.
Around 160M was bought on the ask at .0004 over the last 3 trading days yet the ask is extremely thin to the upside. This reinforces my view that most of the buying at present is by longs who want a large number of "cheap" shares - below .0005 - 50M at an average of .0004 held until .01 yields a profit of $528K.
As the good news continues to roll out over the next 2.5 months - ZWAG Box sales, POW Folio ad revenue, Markiplier mini-series sales and San Diego Comic Con - new interest should get $REDG moving up on increased volume - despite any future convertible debt selling.
Around 160M was bought on the ask at .0004 over the last 3 trading days yet the ask is extremely thin to the upside. This reinforces my view that most of the buying at present is by longs who want a large number of "cheap" shares - below .0005 - 50M at an average of .0004 held until .01 yields a profit of $528K.
As the good news continues to roll out over the next 2.5 months - ZWAG Box sales, POW Folio ad revenue, Markiplier mini-series sales and San Diego Comic Con - new interest should get $REDG moving up on increased volume - despite any future convertible debt selling.
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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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