Trading Summary - May 26. The last few hidden A
Post# of 1674
Posted On: 05/26/2016 8:26:23 PM
Trading Summary - May 26.
The last few hidden AON bids at .0004 filled.
There was an immediate 76M bid at .0003 that has been there for weeks - over 33% of it from longs who are aiming to prevent low level 1 to 5 tick flippers getting them.
The bid was subsequently increased to 81M at the peak.
Total volume 20M+ - 17M at .0004 mostly on the ask - including a 9M+ slap on the ask.
There was a single 3M sell into the bid at .0003 and about another 600K in miscellaneous small paint downs.
We may see more slaps on the ask at .0004 from people who want to add significant amounts but have been frustrated with the hit and miss nature of fills on AON orders on the bid at .0004. I think when they see a complete round number at .0004 - like 3M/5M/10M from a single market - they might take it.
The last few hidden AON bids at .0004 filled.
There was an immediate 76M bid at .0003 that has been there for weeks - over 33% of it from longs who are aiming to prevent low level 1 to 5 tick flippers getting them.
The bid was subsequently increased to 81M at the peak.
Total volume 20M+ - 17M at .0004 mostly on the ask - including a 9M+ slap on the ask.
There was a single 3M sell into the bid at .0003 and about another 600K in miscellaneous small paint downs.
We may see more slaps on the ask at .0004 from people who want to add significant amounts but have been frustrated with the hit and miss nature of fills on AON orders on the bid at .0004. I think when they see a complete round number at .0004 - like 3M/5M/10M from a single market - they might take it.
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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.