Trading Update - June 7. People are beginning t
Post# of 1674
Posted On: 06/07/2016 10:58:02 AM
Trading Update - June 7.
People are beginning to realize that it is very difficult to get .0003s on the bid unless they have been bidding for over 3 weeks already.
Half of any convertible debt sells into the bid have been going to non-retail buyers and there have been a number of large hidden AON bids and probably still are.
Someone took 2M off the bid to hit the ask today at the open and then another 18M was added to the bid.
On the other hand, with 12M of the 19M .0004 ask being a wavering seller, on any day when revenue updates come after hours, $REDG should be relatively thin to the upside.
No convertible debt selling whatsoever yesterday and none so far today.
Sooner or later, those without enough shares may regret not adding some at .0004 while they had the chance to grab a modest 5M>10M chunk.
People are beginning to realize that it is very difficult to get .0003s on the bid unless they have been bidding for over 3 weeks already.
Half of any convertible debt sells into the bid have been going to non-retail buyers and there have been a number of large hidden AON bids and probably still are.
Someone took 2M off the bid to hit the ask today at the open and then another 18M was added to the bid.
On the other hand, with 12M of the 19M .0004 ask being a wavering seller, on any day when revenue updates come after hours, $REDG should be relatively thin to the upside.
No convertible debt selling whatsoever yesterday and none so far today.
Sooner or later, those without enough shares may regret not adding some at .0004 while they had the chance to grab a modest 5M>10M chunk.
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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.