Trading Update - May 12. No convertible debt se
Post# of 1674
Posted On: 05/12/2016 12:54:06 PM
Trading Update - May 12.
No convertible debt selling whatsoever so far today.
VFIN has not undercut the ask at .0005 or sold into the large bid at .0004 or in special deals at fractional prices between the bid and ask.
VFIN still has 1M showing at .0006 - sometimes that doesn't mean much and when he gets hit repeatedly he moves up. On the other hand, if he is not done and has a daily or weekly quota - which appears to be relatively modest per my post last night - he might undercut the ask at .0005 again if people fail to hit the ask hard at .0006.
VFIN won't want one-tick flippers who undercut the ask at .0005 through another MM "stealing" his buyers.
I'm not bothered about the ATDF 28.7M currently at .0006. That is clearly a single indecisive person who will get taken out eventually whether it is at .0005, .0006, or .0007.
New people are obviously reluctant to bid .0005s when they think they still have a chance to get .0004s. As I pointed out in my post last night, those who like my strategy of keeping their cheapest shares in a large pile for the eventual run-up on proven financials or buyouts (anything is possible - Disney of ZWAG Box - Google of POW Folio) keep missing the opportunity to get a 25M or 50M at a single cheap price. When I first mentioned it, it could have been done at .0004 - now they are passing up the opportunity to do it at .0006.
No problem though - the longer they leave it - only one new investor can get that sort of quantity at any particular .0001 level. Just a handful of new people getting in with that number of shares gets $REDG to .0010.
When we start to get firm revenue confirmations, more people will commit, especially when they see it get to the .0010 breakout eventually..
No convertible debt selling whatsoever so far today.
VFIN has not undercut the ask at .0005 or sold into the large bid at .0004 or in special deals at fractional prices between the bid and ask.
VFIN still has 1M showing at .0006 - sometimes that doesn't mean much and when he gets hit repeatedly he moves up. On the other hand, if he is not done and has a daily or weekly quota - which appears to be relatively modest per my post last night - he might undercut the ask at .0005 again if people fail to hit the ask hard at .0006.
VFIN won't want one-tick flippers who undercut the ask at .0005 through another MM "stealing" his buyers.
I'm not bothered about the ATDF 28.7M currently at .0006. That is clearly a single indecisive person who will get taken out eventually whether it is at .0005, .0006, or .0007.
New people are obviously reluctant to bid .0005s when they think they still have a chance to get .0004s. As I pointed out in my post last night, those who like my strategy of keeping their cheapest shares in a large pile for the eventual run-up on proven financials or buyouts (anything is possible - Disney of ZWAG Box - Google of POW Folio) keep missing the opportunity to get a 25M or 50M at a single cheap price. When I first mentioned it, it could have been done at .0004 - now they are passing up the opportunity to do it at .0006.
No problem though - the longer they leave it - only one new investor can get that sort of quantity at any particular .0001 level. Just a handful of new people getting in with that number of shares gets $REDG to .0010.
When we start to get firm revenue confirmations, more people will commit, especially when they see it get to the .0010 breakout eventually..
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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.