Trading Summary - August 17. 9.25M in hits on
Post# of 1674
Posted On: 08/17/2016 4:10:58 PM
Trading Summary - August 17.
9.25M in hits on the ask at .0001 / .000099 - of which 2M were at .000099.
At the open, VFIN reduced his ask to a token 10K.
Subsequently, a few small holders seeking to get out for a loss put some .0001s up via different MMs.
At the close, GTCs to sell at .0002 were again for the second day running only 22M - down 114M from Monday. 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 2.798B aren't just looking for 1-tick.
628M loaded in the last 5 days.
Over 1,200+ views here again yesterday and 400 during trading hours.
2.798B shares loaded at .0001 since July 1.
9.25M in hits on the ask at .0001 / .000099 - of which 2M were at .000099.
At the open, VFIN reduced his ask to a token 10K.
Subsequently, a few small holders seeking to get out for a loss put some .0001s up via different MMs.
At the close, GTCs to sell at .0002 were again for the second day running only 22M - down 114M from Monday. 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 2.798B aren't just looking for 1-tick.
628M loaded in the last 5 days.
Over 1,200+ views here again yesterday and 400 during trading hours.
2.798B 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.
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