Baumer - it was over 400M at .0002 - doesn't reall
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Posted On: 03/28/2017 6:39:56 PM
Baumer - it was over 400M at .0002 - doesn't really matter when it traded 1.6B+ today - it is in the "anything could happen at any time category" when people are trading 20M>50M at a time.
A lot going on:
MMs trading among themselves - convertible debt > inventory > sold on for a fractional tick profit.
Impatient losers selling for either a tick loss or commission loss.
Flippers buying .0001s for one tick at .0002.
Partial flippers buying .0001s to sell half at .0002 and convert remainder to free.
Bag holders averaging down.
It closed with 135M on bid at .0001 from those that weren't brave enough to slap 155M on ask at .0001 when it was there.
A lot going on:
MMs trading among themselves - convertible debt > inventory > sold on for a fractional tick profit.
Impatient losers selling for either a tick loss or commission loss.
Flippers buying .0001s for one tick at .0002.
Partial flippers buying .0001s to sell half at .0002 and convert remainder to free.
Bag holders averaging down.
It closed with 135M on bid at .0001 from those that weren't brave enough to slap 155M on ask at .0001 when it was there.
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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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