Updating my example of a "presumed no hope by some
Post# of 1674
(Total Views: 606)
Posted On: 01/20/2017 6:33:38 PM
Updating my example of a "presumed no hope by some" / heavily bashed on iHub off the bottom stock creating potential $5-figure/6-figure profits - MLCG.
I wasn't watching the whole time as I had much bigger plays elsewhere.
This is the short version - all that happened is someone slapped the last of the .0001s and a few forward looking PRs came out, then:
Jan 4: last of .0001 taken - 103M traded
Jan 5-9 (3 days): .0002 - 165M traded
Jan 10: .0003 started - 506M traded
Jan 11: .0004 started - 362M traded
Jan 12: .0005 / .0006 / .0007 - 473M traded
Jan 13: .0008 / .0009 - 424M traded
Jan 17: .0009 / .0010 / .0011 / .0012 - 229M traded
Jan 18: .0013 > .0022 - 522M traded
Jan 19: Gap up to .0025 > .0011 - 992M traded
Jan 20: .0011 > .0008 (then after hours T-trade at .0001) - 737M
MLCG had much more convertible debt selling than REDG last year creating 100Ms in bags in the .0018>.0025 range, .0011>.0018 range and .0010>.0001 range.
Off the bottom:
Most didn't one tick flip.
Most didn't get out at their overall break even.
In the .0011>.0025 range, people were chasing, buying 5M/10M even when it was upticking on only 50M per tick rather than 500M in the .0002>.0005 range.
Savvy traders who slapped the ask under .0010 would have made the most by selling on the move during the rapid upticking in the .0011>.0020 range without leaving it too late - keeping a small lotto in case it ran further.
So yet again, I have observed and documented that anything can happen at anytime.
Keep $REDG on your radar at all times. Someone has loaded it for a reason and when they are ready to make a move in the days / weeks / months ahead - just like last time - the .0001s and .0002s will probably disappear very quickly.
I wasn't watching the whole time as I had much bigger plays elsewhere.
This is the short version - all that happened is someone slapped the last of the .0001s and a few forward looking PRs came out, then:
Jan 4: last of .0001 taken - 103M traded
Jan 5-9 (3 days): .0002 - 165M traded
Jan 10: .0003 started - 506M traded
Jan 11: .0004 started - 362M traded
Jan 12: .0005 / .0006 / .0007 - 473M traded
Jan 13: .0008 / .0009 - 424M traded
Jan 17: .0009 / .0010 / .0011 / .0012 - 229M traded
Jan 18: .0013 > .0022 - 522M traded
Jan 19: Gap up to .0025 > .0011 - 992M traded
Jan 20: .0011 > .0008 (then after hours T-trade at .0001) - 737M
MLCG had much more convertible debt selling than REDG last year creating 100Ms in bags in the .0018>.0025 range, .0011>.0018 range and .0010>.0001 range.
Off the bottom:
Most didn't one tick flip.
Most didn't get out at their overall break even.
In the .0011>.0025 range, people were chasing, buying 5M/10M even when it was upticking on only 50M per tick rather than 500M in the .0002>.0005 range.
Savvy traders who slapped the ask under .0010 would have made the most by selling on the move during the rapid upticking in the .0011>.0020 range without leaving it too late - keeping a small lotto in case it ran further.
So yet again, I have observed and documented that anything can happen at anytime.
Keep $REDG on your radar at all times. Someone has loaded it for a reason and when they are ready to make a move in the days / weeks / months ahead - just like last time - the .0001s and .0002s will probably disappear very quickly.
(1)
(0)Red Giant Entertainment Inc. (REDG) Stock Research Links
"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.
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