How quickly and how far $MLCG moves up tomorrow wi
Post# of 204
Posted On: 08/09/2016 8:51:31 PM
How quickly and how far $MLCG moves up tomorrow will depend on a variety of factors:
Whether low-level flippers cancel their plans to sell for just 1>3 ticks and wait to see how trading goes.
Whether sufficient GTC orders are cancelled pre-market to allow MMs to let it gap up.
How many people who panicked and sold even or for a loss at .0003 over the last few weeks decide to buy back in.
How many people with averages in the .001xs or high .000xs decide to buy whatever they can get at .0004>.0006 to make some profit before they get up to their first original buy price that they are still holding. I don't think many will sell at their average due to huge hype over on iHub tonight, the promise of more news soon, the Q2 filing any day and $MLCG trying to get current. Clearly there will be a number of PRs / announcements / events over the coming weeks.
Whether the whale bid - 137M a few days ago - "BIDFOOT" in iHub parlance turns up and stays on the bid - with an element of it being seen to hit the ask on occasion.
Good luck everyone !
Whether low-level flippers cancel their plans to sell for just 1>3 ticks and wait to see how trading goes.
Whether sufficient GTC orders are cancelled pre-market to allow MMs to let it gap up.
How many people who panicked and sold even or for a loss at .0003 over the last few weeks decide to buy back in.
How many people with averages in the .001xs or high .000xs decide to buy whatever they can get at .0004>.0006 to make some profit before they get up to their first original buy price that they are still holding. I don't think many will sell at their average due to huge hype over on iHub tonight, the promise of more news soon, the Q2 filing any day and $MLCG trying to get current. Clearly there will be a number of PRs / announcements / events over the coming weeks.
Whether the whale bid - 137M a few days ago - "BIDFOOT" in iHub parlance turns up and stays on the bid - with an element of it being seen to hit the ask on occasion.
Good luck everyone !
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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.