Trading Summary - June 15. Total volume 38M - a
Post# of 1674
Posted On: 06/15/2016 7:27:39 PM
Trading Summary - June 15.
Total volume 38M - almost all hits on the ask apart from a few token paint downs and a mirror trade of 6.2M at .000098 for one earlier at .000198.
Highest bid: 666M .0001
Highest ask: 115M .0002
There is obviously some major manipulation in play at present - most probably shorting - and, if that is the case, it may have accounted for all the .000198 trades over previous sessions.
I'm pretty sure I have worked out what is going on and, if I'm right, there are 2 possible outcomes, either of which will be just fine for longs. I'm not going to elaborate on that here or on iHub.
The current action makes it much more difficult to identify which trades are most probably convertible debt sells and it is not worth my effort at present so I will not be providing further updates on that aspect for a while.
$REDG remains my # 1 trade for 2016 into 2017 and I'm very happy with the cost basis of both my long term stash (cheapest shares) for the big run up on proven revenues later and the overall cost basis of my entire holding.
I'll continue to post any news / social media updates from REDG, Markiplier, ZWAG Box and POW Folio on a minute-by-minute basis.
If I'm right on my assumptions, it will be very obvious when either of the outcomes plays out and I'll also alert the convertible debt MMs moving off the ask.
Total volume 38M - almost all hits on the ask apart from a few token paint downs and a mirror trade of 6.2M at .000098 for one earlier at .000198.
Highest bid: 666M .0001
Highest ask: 115M .0002
There is obviously some major manipulation in play at present - most probably shorting - and, if that is the case, it may have accounted for all the .000198 trades over previous sessions.
I'm pretty sure I have worked out what is going on and, if I'm right, there are 2 possible outcomes, either of which will be just fine for longs. I'm not going to elaborate on that here or on iHub.
The current action makes it much more difficult to identify which trades are most probably convertible debt sells and it is not worth my effort at present so I will not be providing further updates on that aspect for a while.
$REDG remains my # 1 trade for 2016 into 2017 and I'm very happy with the cost basis of both my long term stash (cheapest shares) for the big run up on proven revenues later and the overall cost basis of my entire holding.
I'll continue to post any news / social media updates from REDG, Markiplier, ZWAG Box and POW Folio on a minute-by-minute basis.
If I'm right on my assumptions, it will be very obvious when either of the outcomes plays out and I'll also alert the convertible debt MMs moving off the ask.
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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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