Early Trading - August 26. Undercut ask at .000
Post# of 1001
Posted On: 08/26/2016 12:36:12 PM
Early Trading - August 26.
Undercut ask at .0005 bought out today with multiple 2.5M > 3.2M slaps.
Uptick and a 6M slap on the ask at .0006.
Longs who understand where the price will be on end-2016 financials continue to load for the long-term.
In the meantime, the one-tick flippers who take advantage of the weekly leak agreement limited convertible debt selling whack the bid if they have enough shares to still get a profit. The way to get out of this cycle is to hit the ask rather than put up a big bid. A 2-tick - or even bigger - spread as was the case for those trading this more sensibly in early 2016 works far better.
Total volume so far 21M.
Currently 64M .0004 x 21M .0006.
Undercut ask at .0005 bought out today with multiple 2.5M > 3.2M slaps.
Uptick and a 6M slap on the ask at .0006.
Longs who understand where the price will be on end-2016 financials continue to load for the long-term.
In the meantime, the one-tick flippers who take advantage of the weekly leak agreement limited convertible debt selling whack the bid if they have enough shares to still get a profit. The way to get out of this cycle is to hit the ask rather than put up a big bid. A 2-tick - or even bigger - spread as was the case for those trading this more sensibly in early 2016 works far better.
Total volume so far 21M.
Currently 64M .0004 x 21M .0006.
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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.