$REDG trading Update & Opinion. 320M loaded on
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Posted On: 02/01/2017 4:29:07 PM
$REDG trading Update & Opinion.
320M loaded on the ask at .0001 today + 140M loaded yesterday.
Obstinate "comic fan" shareholders - rather than traders who understand the bottom end of the OTC market - continue to have the same "glass almost empty" attitude over on iHub that they have held for several months and cause holdups to progress by trying to sell at .0001 for a loss (continually undercutting the ask) or at .0002 for a loss (stacking the ask).
On the other hand, in addition to the self-evident group loading that has been ongoing since July 1, a few well-known "off the bottom" specialist traders have turned up on iHub and started to scale in and post.
There has also been some convertible debt selling as expected - indicated by trades in red at non-retail 5-decimal place prices.
$REDG is not diluted as heavily as $MLCG which took 500M>1B a day to move from .0001 to .0006 and was then a lot thinner to .0025 (see sticky for more detail).
The only thing that is certain at the bottom end of the OTC market is that nothing is certain - contrary to the nonsense posted on iHub.
There is no absolute need to increase the O/S.
There is no absolute need to have a reverse split.
The majority of holders are not trying to get out for a loss - only a handful with medium scale holdings are. Everyone else who has been following and actively trading $REDG for 3+ years stands to make large sums on relatively small moves under .0010 - like any off the bottom stock - if they know how to trade.
The company has communicated via Tweet & Facebook today and often delivers surprises - albeit not in the timescale or manner that suits the moaners who probably shouldn't be trading at the bottom end of the OTC market anyway.
Watch closely over the coming days, weeks and months - somebody has bought 3.255B shares on the ask and 5.094B total at .0001 for a reason - they didn't just disappear into a black hole.
320M loaded on the ask at .0001 today + 140M loaded yesterday.
Obstinate "comic fan" shareholders - rather than traders who understand the bottom end of the OTC market - continue to have the same "glass almost empty" attitude over on iHub that they have held for several months and cause holdups to progress by trying to sell at .0001 for a loss (continually undercutting the ask) or at .0002 for a loss (stacking the ask).
On the other hand, in addition to the self-evident group loading that has been ongoing since July 1, a few well-known "off the bottom" specialist traders have turned up on iHub and started to scale in and post.
There has also been some convertible debt selling as expected - indicated by trades in red at non-retail 5-decimal place prices.
$REDG is not diluted as heavily as $MLCG which took 500M>1B a day to move from .0001 to .0006 and was then a lot thinner to .0025 (see sticky for more detail).
The only thing that is certain at the bottom end of the OTC market is that nothing is certain - contrary to the nonsense posted on iHub.
There is no absolute need to increase the O/S.
There is no absolute need to have a reverse split.
The majority of holders are not trying to get out for a loss - only a handful with medium scale holdings are. Everyone else who has been following and actively trading $REDG for 3+ years stands to make large sums on relatively small moves under .0010 - like any off the bottom stock - if they know how to trade.
The company has communicated via Tweet & Facebook today and often delivers surprises - albeit not in the timescale or manner that suits the moaners who probably shouldn't be trading at the bottom end of the OTC market anyway.
Watch closely over the coming days, weeks and months - somebody has bought 3.255B shares on the ask and 5.094B total at .0001 for a reason - they didn't just disappear into a black hole.
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(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.