Further to my earlier post about no bid / .0001 st
Post# of 1674
Posted On: 08/09/2016 4:40:56 PM
Further to my earlier post about no bid / .0001 stocks in the OTC market.
Another example, VPOR has been at .0001 for months and assumed by many to be a scam.
Without any news and without any posts of significance on iHub from other than scanner / bottom up watchers, it did the following (days over 10M only):
June 28: 136M .0001 + .0002
June 29: 47M .0001 + .0002
July 1: 11M .0001 + .0002
July 8: 21M .0001 + .0002
July 19: 114M .0001 + .0002
July 20: 23M .0001 + .0002 + .0003
July 21: 15M .0001 + .0002 + .0003
July 22: 12M .0002 + .0003
July 26: 12M .0002 + .0003
August 1: 99M .0003 + .0004
August 2: 10M .0003 + .0004
August 3: 13M .0003 + .0004
August 4: 22M .0003 + .0004
August 5: 150M .0004 + .0005 + .0006
August 8: 129M .0005 + .0006 + .0007
August 9: 316M .0007 + .0008 + .0009 + .0010 + .0011
This has included multiple hits of 10M on the ask at .0009 (38M wall on uptick ), .0010 and .0011 today by chasers.
Again I repeat - no news - just people reacting to an observed movement.
For several days, people who had spotted the move were saying "Any idea why it is going up (but not so politely)" to which the answer was generally "Who cares !" drowning out any disillusioned long-term bashers who had previously sold for a loss.
By comparison, $REDG has all the revenue streams already mentioned - albeit actual revenue not yet announced - and over 2 Billion shares bought at .0001 for some reason. Just like 1.4 Billion had been bought at .0001 over several months before the last run from no bid to .0008.
Moral of this example - a run can be made to happen by big players who have loaded without any input from or contact with the company whatsoever !
Another example, VPOR has been at .0001 for months and assumed by many to be a scam.
Without any news and without any posts of significance on iHub from other than scanner / bottom up watchers, it did the following (days over 10M only):
June 28: 136M .0001 + .0002
June 29: 47M .0001 + .0002
July 1: 11M .0001 + .0002
July 8: 21M .0001 + .0002
July 19: 114M .0001 + .0002
July 20: 23M .0001 + .0002 + .0003
July 21: 15M .0001 + .0002 + .0003
July 22: 12M .0002 + .0003
July 26: 12M .0002 + .0003
August 1: 99M .0003 + .0004
August 2: 10M .0003 + .0004
August 3: 13M .0003 + .0004
August 4: 22M .0003 + .0004
August 5: 150M .0004 + .0005 + .0006
August 8: 129M .0005 + .0006 + .0007
August 9: 316M .0007 + .0008 + .0009 + .0010 + .0011
This has included multiple hits of 10M on the ask at .0009 (38M wall on uptick ), .0010 and .0011 today by chasers.
Again I repeat - no news - just people reacting to an observed movement.
For several days, people who had spotted the move were saying "Any idea why it is going up (but not so politely)" to which the answer was generally "Who cares !" drowning out any disillusioned long-term bashers who had previously sold for a loss.
By comparison, $REDG has all the revenue streams already mentioned - albeit actual revenue not yet announced - and over 2 Billion shares bought at .0001 for some reason. Just like 1.4 Billion had been bought at .0001 over several months before the last run from no bid to .0008.
Moral of this example - a run can be made to happen by big players who have loaded without any input from or contact with the company whatsoever !
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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.