I expect there will be other hidden 10M AON orders
Post# of 1674
Posted On: 05/31/2016 1:07:33 PM
I expect there will be other hidden 10M AON orders from longs who are so far succeeding in keeping most of the .0003s out of the hands of low level flippers.
So far 64M bought at .0003 but only 8M of that added to the ask at .0004 since the open.
.0003 (and everything below) are the ones smart traders can keep at very little risk for long-term gains. Once the convertible debt selling is done - and the full extent of revenues becomes apparent - 50M at .0003 would give a gross profit of $485K if all held to .01 (let alone where the price might go in time).
So far 64M bought at .0003 but only 8M of that added to the ask at .0004 since the open.
.0003 (and everything below) are the ones smart traders can keep at very little risk for long-term gains. Once the convertible debt selling is done - and the full extent of revenues becomes apparent - 50M at .0003 would give a gross profit of $485K if all held to .01 (let alone where the price might go in time).
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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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