Recent Trading - July 1. It was at 517M .0001 x
Post# of 1674
Posted On: 07/01/2016 11:32:59 AM
Recent Trading - July 1.
It was at 517M .0001 x 260M .0002.
I lost all my L2 times and trade details because I needed to change the decimal place settings.
There was an initial sell of around 93M (73M + 20M) at .0001 and as more sells went through the bid counted down correctly to the high 300Ms.
It looks like someone may also have panicked and sold 124M at .0001 as the ask at .0002 reduced to 136M - or alternatively a convertible debt seller decided to sell at .0001 instead of .0002.
Numerous additional large trades at .0001 went off.
I immediately started bidding 3 x 5M at .0001 - and these did not fill for some time even when there was momentarily 60M on the ask at .0001.
When 700M had been traded at .0001 and it went back to .0001 x .0002 - there was initially still only 136M at .0002 - so most who got .0001 were not attempting to one-tick flip.
Now with 1 x MM to move up to .0002, there is 299M at .0002 when 722M has been traded. So most who have got .0001s are correctly planning to hold these for the long term.
So just like the last time the .0001 bid was wiped out earlier in 2016, the majority of shares went to buyers who are holding for much higher.
It was at 517M .0001 x 260M .0002.
I lost all my L2 times and trade details because I needed to change the decimal place settings.
There was an initial sell of around 93M (73M + 20M) at .0001 and as more sells went through the bid counted down correctly to the high 300Ms.
It looks like someone may also have panicked and sold 124M at .0001 as the ask at .0002 reduced to 136M - or alternatively a convertible debt seller decided to sell at .0001 instead of .0002.
Numerous additional large trades at .0001 went off.
I immediately started bidding 3 x 5M at .0001 - and these did not fill for some time even when there was momentarily 60M on the ask at .0001.
When 700M had been traded at .0001 and it went back to .0001 x .0002 - there was initially still only 136M at .0002 - so most who got .0001 were not attempting to one-tick flip.
Now with 1 x MM to move up to .0002, there is 299M at .0002 when 722M has been traded. So most who have got .0001s are correctly planning to hold these for the long term.
So just like the last time the .0001 bid was wiped out earlier in 2016, the majority of shares went to buyers who are holding for much higher.
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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.