$IJJP is only down because one of the early entry
Post# of 3585
Posted On: 10/20/2016 2:10:29 PM
$IJJP is only down because one of the early entry people sold 3M at .0005 to a flipper who put it up at .0006. That was a particularly moronic move as the .0009s were already up with only around 6M there. $IJJP was around 3 buys away from being above .0010.
The .0006 ask is already down to 2.4M with 1 x MM and there is only 2M with another at .0007.
These 2 x MM are the only ones under .0009.
A 5M buy at .0007 would probably take out all the .0006s and most of the .0007s.
Compare that to USMJ which is having to trading 500M>1.5B a day at the same price range to go up one or two ticks or even hold the same price - actually going down now as early entry people bid whack or undercut the ask to the tune of 420M+ already today at .0005 after people were buying 20M>50M at a time at .0007 a few days ago !
The .0006 ask is already down to 2.4M with 1 x MM and there is only 2M with another at .0007.
These 2 x MM are the only ones under .0009.
A 5M buy at .0007 would probably take out all the .0006s and most of the .0007s.
Compare that to USMJ which is having to trading 500M>1.5B a day at the same price range to go up one or two ticks or even hold the same price - actually going down now as early entry people bid whack or undercut the ask to the tune of 420M+ already today at .0005 after people were buying 20M>50M at a time at .0007 a few days ago !
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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.