Early Trading - August 23. High .0135 - Low .00
Post# of 1514
Posted On: 08/23/2016 10:46:37 AM
Early Trading - August 23.
High .0135 - Low .0095 - Vol 17.8M.
It is still being shorted down on small sells to enable reloading either to flip in a channel or to run up towards .02.
MM ASCM also walks it down occasionally with a 10K ask.
The big players in this aren't selling - as evidenced by the volume - but at present they have not tried to run it up with multiple hits in the 100K>300K range.
Some weak hands who bought too high when it was going down yesterday may have sold for 10%>20% loss - unnecessarily in my view - but I doubt whether those that were buying relatively large amounts - 200K>500K at .016 and above prior to that - and there were a lot of them - will sell down here.
One of the notorious "enthusiasts" for this ticker is still Tweeting like mad so I still expect to see it get run up to perhaps the .015>.018 today or later this week.
Just a lotto 3 x 25K for me at this point at various price points close to the current ask so I won't be spending a huge amount of time here.
High .0135 - Low .0095 - Vol 17.8M.
It is still being shorted down on small sells to enable reloading either to flip in a channel or to run up towards .02.
MM ASCM also walks it down occasionally with a 10K ask.
The big players in this aren't selling - as evidenced by the volume - but at present they have not tried to run it up with multiple hits in the 100K>300K range.
Some weak hands who bought too high when it was going down yesterday may have sold for 10%>20% loss - unnecessarily in my view - but I doubt whether those that were buying relatively large amounts - 200K>500K at .016 and above prior to that - and there were a lot of them - will sell down here.
One of the notorious "enthusiasts" for this ticker is still Tweeting like mad so I still expect to see it get run up to perhaps the .015>.018 today or later this week.
Just a lotto 3 x 25K for me at this point at various price points close to the current ask so I won't be spending a huge amount of time 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.