Clearly a lot of the buying over the preceding mon
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Posted On: 02/03/2017 5:03:03 PM
Clearly a lot of the buying over the preceding months may have been by "insiders" who had some idea of the reorganization plans - perhaps as far back as July 1 - so that they could increase their share count dramatically.
Interestingly, this same ploy is being employed on BETS right now by ordinary shareholders who have been buying several 100Ms on the ask at .0001 and even .0002 over the past several days since that company announced that it might do a r/s. It was also used very successfully on the former EXPU which became HIPH which traded at multiple pennies for quite some time.
In REDG I already have a high share count at the lowest possible price and usually work the other way round - taking my cost basis of current shares minus large profits already banked to work out what the stock owes me (if anything) and then work out what the new holding x opening price comes to and, if there is a shortfall, how many more shares I need to buy (if any) at the opening price to start even. There is often a large spread than can be traded for several weeks / months as well.
Should be exciting and better than the stacked ask situation at present created by the handful of "no hopers" from iHub that has ruined 2 runs already because they got blinkered into trying to sell only at a fixed point without adding more as the stock went down.
Good luck to everyone here. Whilst we wait for REDG to reset, to reorganize and for new projects to emerge, there are new off the bottom .0001>.0005 runners every day at the moment (see boards here).
Interestingly, this same ploy is being employed on BETS right now by ordinary shareholders who have been buying several 100Ms on the ask at .0001 and even .0002 over the past several days since that company announced that it might do a r/s. It was also used very successfully on the former EXPU which became HIPH which traded at multiple pennies for quite some time.
In REDG I already have a high share count at the lowest possible price and usually work the other way round - taking my cost basis of current shares minus large profits already banked to work out what the stock owes me (if anything) and then work out what the new holding x opening price comes to and, if there is a shortfall, how many more shares I need to buy (if any) at the opening price to start even. There is often a large spread than can be traded for several weeks / months as well.
Should be exciting and better than the stacked ask situation at present created by the handful of "no hopers" from iHub that has ruined 2 runs already because they got blinkered into trying to sell only at a fixed point without adding more as the stock went down.
Good luck to everyone here. Whilst we wait for REDG to reset, to reorganize and for new projects to emerge, there are new off the bottom .0001>.0005 runners every day at the moment (see boards here).
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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.
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