Despite a few flippers undercutting the ask and /
Post# of 1782
Posted On: 07/14/2016 3:10:22 PM
Despite a few flippers undercutting the ask and / or bid whacking for just a few $100, serious traders keep loading including 100560 at .018, 33700 at .0184 and 69600 at .0185.
With 6 business days before the next shareholder update regarding the business strategy following FDA approval announced today, I expect to see a combination of low level profit taking from those who managed to pick up a few shares in the .013>.015 range and more adding by those who see how thin it is to a .02 breakout and thin run up to .025/.0298.
On several occasions now, some have bid 200K>600K at levels above .016 and on a few occasions there have been 100K+ slaps on or above the ask, despite a 10>20-tick spread, by those that don't want to be left without shares.
With 6 business days before the next shareholder update regarding the business strategy following FDA approval announced today, I expect to see a combination of low level profit taking from those who managed to pick up a few shares in the .013>.015 range and more adding by those who see how thin it is to a .02 breakout and thin run up to .025/.0298.
On several occasions now, some have bid 200K>600K at levels above .016 and on a few occasions there have been 100K+ slaps on or above the ask, despite a 10>20-tick spread, by those that don't want to be left without shares.
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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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