Trading Prior To Close On August 19 and Outlook.
Post# of 1514
Posted On: 08/20/2016 4:43:54 PM
Trading Prior To Close On August 19 and Outlook.
According to the iHub Trade History, which is not necessarily significant because when an original holder sells someone else - who believes the stock pps will go higher - is buying, there were more sells than buys (just) throughout Friday.
Buy Volume: 32,084,151
Sell Volume: 36,188,671
? Volume (Undetermined): 2,414,234.
A better determination of trend is to watch L2 continuously and record sells on the bid against the rapidity and relative size of hits on the ask and undercut ask showing up as a higher price in Green than the previous trade. As I was busy elsewhere with 2 other movers, I wasn't watching throughout the day but I did observe the last 30 minutes and can see trades for the last 13.5 minutes on iHub.
In my opinion, there was as expected some profit taking going into the close from some who had bought in the .0045>.0065 range and the .0066>.0106 breakout, and possibly from some who chased by buying in the .0120s but chose not to sell for 50 ticks up above .0170 when there was obviously a lot of selling going on up there with repeated undercut asks under .0179.
The deep pockets did do some slapping to get it back up from .0122 (at 15:50:22) to a close of .014 but were not quite as successful as during the 2 previous "on news" moves. Most individual sells were relatively small - 30K>130K - but there were only 4 ask slaps over 100K - 170K,189K, 200K, and 259K.
Could go either way at the open - particularly if there are any reloading shenanigans between news events as was seen in the .0071>.0043 range over several days. I might be a lotto amount buyer again at .01>.0070 as I believe there is a huge upside over the next several weeks (provided the financials are good and the rumored news actually materializes before everyone who can still take a large profit does).
However, for traders who specialize in more bang for their buck at the bottom end of the market, other stocks will be competing for attention on Monday including a few that have recently been loaded heavily or which closed at the hod and / or new recent highs on Friday. There is expected to be another PSG pick too, although they still like $BTGI for many weeks ahead. It should be possible to gauge the volume interest during the first 10 minutes.
In summary, $BTGI should continue to be an exciting trade for anyone who can watch it all day.
According to the iHub Trade History, which is not necessarily significant because when an original holder sells someone else - who believes the stock pps will go higher - is buying, there were more sells than buys (just) throughout Friday.
Buy Volume: 32,084,151
Sell Volume: 36,188,671
? Volume (Undetermined): 2,414,234.
A better determination of trend is to watch L2 continuously and record sells on the bid against the rapidity and relative size of hits on the ask and undercut ask showing up as a higher price in Green than the previous trade. As I was busy elsewhere with 2 other movers, I wasn't watching throughout the day but I did observe the last 30 minutes and can see trades for the last 13.5 minutes on iHub.
In my opinion, there was as expected some profit taking going into the close from some who had bought in the .0045>.0065 range and the .0066>.0106 breakout, and possibly from some who chased by buying in the .0120s but chose not to sell for 50 ticks up above .0170 when there was obviously a lot of selling going on up there with repeated undercut asks under .0179.
The deep pockets did do some slapping to get it back up from .0122 (at 15:50:22) to a close of .014 but were not quite as successful as during the 2 previous "on news" moves. Most individual sells were relatively small - 30K>130K - but there were only 4 ask slaps over 100K - 170K,189K, 200K, and 259K.
Could go either way at the open - particularly if there are any reloading shenanigans between news events as was seen in the .0071>.0043 range over several days. I might be a lotto amount buyer again at .01>.0070 as I believe there is a huge upside over the next several weeks (provided the financials are good and the rumored news actually materializes before everyone who can still take a large profit does).
However, for traders who specialize in more bang for their buck at the bottom end of the market, other stocks will be competing for attention on Monday including a few that have recently been loaded heavily or which closed at the hod and / or new recent highs on Friday. There is expected to be another PSG pick too, although they still like $BTGI for many weeks ahead. It should be possible to gauge the volume interest during the first 10 minutes.
In summary, $BTGI should continue to be an exciting trade for anyone who can watch it all 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.