Trading Summary - May 17. 58M traded - almost a
Post# of 1674
Posted On: 05/17/2016 4:16:25 PM
Trading Summary - May 17.
58M traded - almost all at .0004.
I believe that at least 55M was convertible debt selling - almost equally on the bid at .0004 and on the ask at .0004.
It does indeed appear that the seller has a daily quota - and providing that is met - he does not resort to one huge single bid wipe out sell. We haven't seen one of those since the days at .0001.
The moment .0003 became the top bid, it was rapidly increased from 35M - of which 25M is known to be from ultra-longs who left them there to counteract bottom feeding flippers - to 79M. All day, there was no convertible debt selling into the .0003 bid at all.
.0004s on the ask offered a great opportunity for those that wanted to scale in or get more to add precisely the amount they wanted - for a while anyway - rather than relying totally on a bid at .0003 that might not fill.
Upon upticking to .0005 again, there was only 23M there which represented a 19M reduction from the previous day.
Overall, an OK day with most probably, in my opinion, at least another 55M in convertible debt dealt with.
$REDG
58M traded - almost all at .0004.
I believe that at least 55M was convertible debt selling - almost equally on the bid at .0004 and on the ask at .0004.
It does indeed appear that the seller has a daily quota - and providing that is met - he does not resort to one huge single bid wipe out sell. We haven't seen one of those since the days at .0001.
The moment .0003 became the top bid, it was rapidly increased from 35M - of which 25M is known to be from ultra-longs who left them there to counteract bottom feeding flippers - to 79M. All day, there was no convertible debt selling into the .0003 bid at all.
.0004s on the ask offered a great opportunity for those that wanted to scale in or get more to add precisely the amount they wanted - for a while anyway - rather than relying totally on a bid at .0003 that might not fill.
Upon upticking to .0005 again, there was only 23M there which represented a 19M reduction from the previous day.
Overall, an OK day with most probably, in my opinion, at least another 55M in convertible debt dealt with.
$REDG
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(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.
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