Hopefully serious traders today saw how - as I had
Post# of 1514
Posted On: 08/18/2016 10:38:14 PM
Hopefully serious traders today saw how - as I had been warning for a few days now - those low level flippers that had repeatedly stacked the ask with small amounts in a selfish manner - without maintaining a mental picture of what volume had been bought where and not sold - got left in the dust when the group with deep pockets decided to run it up from .0065 by taking out every undercut flip amount that got put up - even 1.35M on one occasion.
Mickey mouse flippers were getting 10%>20% - those that were patient were easily able to sell 100K at a time - on the move - in an almost invisible manner at multiple points in the .0079 > .0108 range.
The only reason I sold most of mine in that range was because I specialize in off-the -bottom stocks until they run up to .01. I would never have got in $BTGI if it hadn't been a PSG VIP pick and I didn't until I could confirm it had not been pre-loaded to any particular extent.
Going forward, I do believe it is a great company and hence I have retained a lotto position as shares were bought today for a reason, financials are expected next week, and more news as well. However, I do not pay any attention to chart mumbo jumbo - I just deal in observed facts and interpretation of real time trading activity - I know some like to pay attention to charts but so called technicals are always out trumped by deep pocket players, greed, unexpected news, selfish behavior by a few, MM manipulation and updated financials (good or bad).
$BTGI could open at around the closing price of .0101, or gap up anywhere in the .01>.015 range, get run up on very thin volume to .02+ by the big players in this - or those holding relatively large holdings (over 1M) might realize how thin it is to the downside, undercut the ask, completely whack any reasonable bid of 500K>1M plus a few times in a row and it could be back in the .0070s or .0060s pretty quickly unless it is run up again.
I'm going to work out what volume was bought where in 10-tick bands from where the flippers got caught out at .0065 by those running it up and by those flippers who sold too soon who chased it up to get back in. If I can identify anything significant, I might update here.
Mickey mouse flippers were getting 10%>20% - those that were patient were easily able to sell 100K at a time - on the move - in an almost invisible manner at multiple points in the .0079 > .0108 range.
The only reason I sold most of mine in that range was because I specialize in off-the -bottom stocks until they run up to .01. I would never have got in $BTGI if it hadn't been a PSG VIP pick and I didn't until I could confirm it had not been pre-loaded to any particular extent.
Going forward, I do believe it is a great company and hence I have retained a lotto position as shares were bought today for a reason, financials are expected next week, and more news as well. However, I do not pay any attention to chart mumbo jumbo - I just deal in observed facts and interpretation of real time trading activity - I know some like to pay attention to charts but so called technicals are always out trumped by deep pocket players, greed, unexpected news, selfish behavior by a few, MM manipulation and updated financials (good or bad).
$BTGI could open at around the closing price of .0101, or gap up anywhere in the .01>.015 range, get run up on very thin volume to .02+ by the big players in this - or those holding relatively large holdings (over 1M) might realize how thin it is to the downside, undercut the ask, completely whack any reasonable bid of 500K>1M plus a few times in a row and it could be back in the .0070s or .0060s pretty quickly unless it is run up again.
I'm going to work out what volume was bought where in 10-tick bands from where the flippers got caught out at .0065 by those running it up and by those flippers who sold too soon who chased it up to get back in. If I can identify anything significant, I might update here.
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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.