Trading Update - October 11. 2.8M in undercut a

Trading Update - October 11.

2.8M in undercut ask at .0006 bought out and another 1.2M bought at .0007.

Now just 7M left at .0007.

7M .0005 x 7M .0007.

It is sometimes better not to bid .0006 - let a spread develop so that flippers are less inclined to bid whack and those that want in are forced to buy the ask - particularly when there aren't many shares available and they can see that one 5M buy takes almost everything at any particular .0001 level. Anyone wanting 10M has to buy across 2 levels.

Also, if there is a short position, a few .0001 levels taken out in quick succession might cause the shorts to panic and start buying on the ask. Then we might also see anyone who still needs to average down from their 2015 position jumping in at the .0010 break before it rapidly moves up the .001xs.

"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.