Early Trading - August 19. Busy elsewhere on a
Post# of 1514
Posted On: 08/19/2016 11:01:32 AM
Early Trading - August 19.
Busy elsewhere on a new bottom up play so not worth my time to comment much here at present as I only have 25K shares remaining (from .0055).
Sold part of my small remaining lotto amount at around .0127>.0130 on the 35% gap up.
I noticed a new MM DLNY who at one point was positioned with a 10K holdback amount in the .0130s and was also on a relatively high bid. Now DLNY is bidding at .0051 - that point may have been picked for a reason.
Most of today's 29M bought in the .0100>.0135 range so, if BTGI goes down over the next few days before the next significant news, there will be opportunities to select an entry point in the .0051>.0085 range and take advantage of the surge that would come about when those wanting to average down buy as well before it goes over .01 again. Alternatively, the deep pockets might try to keep it in the .01>.0135 range but even today there will be people trying to get just 20 ticks on a flip from .0091 up.
Still money to be made here by those who can watch it throughout the trading day.
Busy elsewhere on a new bottom up play so not worth my time to comment much here at present as I only have 25K shares remaining (from .0055).
Sold part of my small remaining lotto amount at around .0127>.0130 on the 35% gap up.
I noticed a new MM DLNY who at one point was positioned with a 10K holdback amount in the .0130s and was also on a relatively high bid. Now DLNY is bidding at .0051 - that point may have been picked for a reason.
Most of today's 29M bought in the .0100>.0135 range so, if BTGI goes down over the next few days before the next significant news, there will be opportunities to select an entry point in the .0051>.0085 range and take advantage of the surge that would come about when those wanting to average down buy as well before it goes over .01 again. Alternatively, the deep pockets might try to keep it in the .01>.0135 range but even today there will be people trying to get just 20 ticks on a flip from .0091 up.
Still money to be made here by those who can watch it throughout the trading day.
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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.