Trading Summary - July 8. Ask at open was 186M
Post# of 1674
Posted On: 07/11/2016 4:10:48 PM
Trading Summary - July 8.
Ask at open was 186M then increased to 300M by the one-tick flippers - they clearly don't understand that nobody is going to hit the ask when they think they might still be able to get .0001s.
52M bid at the open (up 18M from Friday's open) increased to 140M.
Convertible debt seller MM CFGN remained at .0010 for the fourth day in a row.
No convertible debt selling for 4 days in a row.
Ask in GTCs at close was 188M - up 12M from Friday - same as Thursday - so 112M in day trades from indecisive sellers who will probably hold for more on a serious move up - one of the iHub flippers probably accounts for 40M of these.
No trades today.
I expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
Ask at open was 186M then increased to 300M by the one-tick flippers - they clearly don't understand that nobody is going to hit the ask when they think they might still be able to get .0001s.
52M bid at the open (up 18M from Friday's open) increased to 140M.
Convertible debt seller MM CFGN remained at .0010 for the fourth day in a row.
No convertible debt selling for 4 days in a row.
Ask in GTCs at close was 188M - up 12M from Friday - same as Thursday - so 112M in day trades from indecisive sellers who will probably hold for more on a serious move up - one of the iHub flippers probably accounts for 40M of these.
No trades today.
I expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
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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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