Trading Summary - May 31. Open 73M .0003 (+ hid
Post# of 1674
Posted On: 05/31/2016 4:24:25 PM
Trading Summary - May 31.
Open 73M .0003 (+ hidden AON bids) x 13M .0004.
Total volume 72M of which about 6M was on the ask at .0004 and 67M into the bid at .0003.
Almost all 67M believed to be convertible debt sells into the bid at .0003.
The bid got topped up by 18M during the course of the day.
A further 13M of the sells were to AON hidden bids.
So the total extra on the bid over and above what was showing at the open was 31M.
This makes a total of 87M convertible debt sells since May 26.
Longs were relatively successful in keeping .0003s from low level flippers - only 10M out of 67M was added to the ask at .0004 all day for a total of 23M.
At the close, there was only 9M in GTCs at .0004 - so that means 14M of the ask was in day trades that might not get put up on the day $REDG goes up again.
NITE currently filling bids at .0003 from May 3.
CDEL currently filling bids at .0003 from at least May 17.
Close 37M .0003 x 23M .0004.
Already 59M on the bid at .0002 with 4 x MMs still to move down - so probably way over 100M + hidden AONs.
Many longs have had bids in the queues there for weeks to secure from low level flippers.
So today pretty much panned out as I expected.
Bid not wiped out - significant chunk of convertible debt sold - bid topped up - hidden AON bids evident.
All the above is my opinion of what transpired from trade observations.
$,$$$,$$$ REDG $,$$$,$$$
Open 73M .0003 (+ hidden AON bids) x 13M .0004.
Total volume 72M of which about 6M was on the ask at .0004 and 67M into the bid at .0003.
Almost all 67M believed to be convertible debt sells into the bid at .0003.
The bid got topped up by 18M during the course of the day.
A further 13M of the sells were to AON hidden bids.
So the total extra on the bid over and above what was showing at the open was 31M.
This makes a total of 87M convertible debt sells since May 26.
Longs were relatively successful in keeping .0003s from low level flippers - only 10M out of 67M was added to the ask at .0004 all day for a total of 23M.
At the close, there was only 9M in GTCs at .0004 - so that means 14M of the ask was in day trades that might not get put up on the day $REDG goes up again.
NITE currently filling bids at .0003 from May 3.
CDEL currently filling bids at .0003 from at least May 17.
Close 37M .0003 x 23M .0004.
Already 59M on the bid at .0002 with 4 x MMs still to move down - so probably way over 100M + hidden AONs.
Many longs have had bids in the queues there for weeks to secure from low level flippers.
So today pretty much panned out as I expected.
Bid not wiped out - significant chunk of convertible debt sold - bid topped up - hidden AON bids evident.
All the above is my opinion of what transpired from trade observations.
$,$$$,$$$ REDG $,$$$,$$$
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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.