Early Trading - August 5. Huge slaps on the ask
Post# of 232
Posted On: 08/05/2016 10:38:45 AM
Early Trading - August 5.
Huge slaps on the ask took out 23M wall .0004, 21M of undercut ask at .0004 from flippers and 9M at .0005.
Total volume so far today 53M.
Caution: around 200M loaded at .0002/.0003 and only about 98M could have been flipped so far.
No idea yet why some are loading.
Although it is thin to the upside, 1.5M left at .0005, bid at .0004 could be whacked by one large scale flipper and it would be back at .0003.
Huge slaps on the ask took out 23M wall .0004, 21M of undercut ask at .0004 from flippers and 9M at .0005.
Total volume so far today 53M.
Caution: around 200M loaded at .0002/.0003 and only about 98M could have been flipped so far.
No idea yet why some are loading.
Although it is thin to the upside, 1.5M left at .0005, bid at .0004 could be whacked by one large scale flipper and it would be back at .0003.
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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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