Early Trading - August 24. Again a few morons s
Post# of 3585
Posted On: 08/24/2016 11:26:53 AM
Early Trading - August 24.
Again a few morons selfishly wiped out the 4M bid at .0004 - flipping from .0003/2/1 and a few more undercut the ask at .0005.
By my estimation - from observed loading off the bottom and checking the trading history - there can't be many people left who could do that even if they wanted to - and most who were astute enough to buy at .0002/3/4 know where this is heading and will be holding - probably for the .0010 breakout towards .0020 at least for starters.
Whale bid of 29M at .0003 in now. In my opinion, that will hold and some will move up / hit the ask despite the spread in due course.
The nearer it gets to the close on Friday, the more the fence sitting bidders - and any existing holders who need to average down from much higher levels from early-2015 - will want to ensure they get the last of the .0005s and .0006s before it starts rapidly upticking.
As stated previously, 20M on the ask - as anticipated at .0006 - doesn't last long when people decide to buy 5M/10M at a time - let alone 15M/20M at a time as happened with VPOR.
Again a few morons selfishly wiped out the 4M bid at .0004 - flipping from .0003/2/1 and a few more undercut the ask at .0005.
By my estimation - from observed loading off the bottom and checking the trading history - there can't be many people left who could do that even if they wanted to - and most who were astute enough to buy at .0002/3/4 know where this is heading and will be holding - probably for the .0010 breakout towards .0020 at least for starters.
Whale bid of 29M at .0003 in now. In my opinion, that will hold and some will move up / hit the ask despite the spread in due course.
The nearer it gets to the close on Friday, the more the fence sitting bidders - and any existing holders who need to average down from much higher levels from early-2015 - will want to ensure they get the last of the .0005s and .0006s before it starts rapidly upticking.
As stated previously, 20M on the ask - as anticipated at .0006 - doesn't last long when people decide to buy 5M/10M at a time - let alone 15M/20M at a time as happened with VPOR.
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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.