Trading Summary - August 16. 35.8M in hits on
Post# of 1674
Posted On: 08/16/2016 4:22:13 PM
Trading Summary - August 16.
35.8M in hits on the ask at .0001 / .000099 - of which 17.9M were at .000099.
At the open, VFIN was at .0002 until the 1-tick morons (I suspect mostly the iHub bashers) put their day trades up at .0002 for a total of 212M on the ask.
Subsequently, a few small holders seeking to get out for a loss put some .0001s up via different MMs.
When all MMs except VFIN were showing their numbers at .0002, it peaked at 266M - down 96M from yesterday - and now less than before the most recent loading of 619M started 4 days ago when .0001 first appeared on the ask.
It was previously 331M before it went to .0001 on the ask - now 266M.
At the close, GTCs to sell at .0002 were only 22M - down another 114M from 136M yesterday. So, as previously, the majority are only put up as day trades by indecisive flippers who hope to get more - they may cancel like last time when they see it running.
More appear to be willing to see how things play out. Of course those just trying to get out even (disenchanted bashers / previous losers) at a much higher .000x average need to keep their shares as long as possible otherwise their average on shares remaining goes up exponentially if they sell any below their average.
Also, savvy longs know that the last thing they should do is sell the large quantity of .0001s + .0002s they hold that create huge profits very quickly in the .0010>.01 range - or indeed at any point above their already very low average.
As stated previously, the big players who have now loaded 2.789B aren't just looking for 1-tick.
619M loaded in the last 4 days.
Overall, a significant day with continued loading, significant reduction in the ask at .002, and 1,200+ views here yesterday and 500+ during trading hours.
2.789B shares loaded at .0001 since July 1.
35.8M in hits on the ask at .0001 / .000099 - of which 17.9M were at .000099.
At the open, VFIN was at .0002 until the 1-tick morons (I suspect mostly the iHub bashers) put their day trades up at .0002 for a total of 212M on the ask.
Subsequently, a few small holders seeking to get out for a loss put some .0001s up via different MMs.
When all MMs except VFIN were showing their numbers at .0002, it peaked at 266M - down 96M from yesterday - and now less than before the most recent loading of 619M started 4 days ago when .0001 first appeared on the ask.
It was previously 331M before it went to .0001 on the ask - now 266M.
At the close, GTCs to sell at .0002 were only 22M - down another 114M from 136M yesterday. So, as previously, the majority are only put up as day trades by indecisive flippers who hope to get more - they may cancel like last time when they see it running.
More appear to be willing to see how things play out. Of course those just trying to get out even (disenchanted bashers / previous losers) at a much higher .000x average need to keep their shares as long as possible otherwise their average on shares remaining goes up exponentially if they sell any below their average.
Also, savvy longs know that the last thing they should do is sell the large quantity of .0001s + .0002s they hold that create huge profits very quickly in the .0010>.01 range - or indeed at any point above their already very low average.
As stated previously, the big players who have now loaded 2.789B aren't just looking for 1-tick.
619M loaded in the last 4 days.
Overall, a significant day with continued loading, significant reduction in the ask at .002, and 1,200+ views here yesterday and 500+ during trading hours.
2.789B shares loaded at .0001 since July 1.
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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.