$DIGX is very much "my" stock as a long-term, cont
Post# of 4930
Here are the facts regarding lower prices:
Nobody ever got any significant quantity of .0001s.
I can pretty much account for all the .0002s that were ever available - they are either in the hands of longs who follow my methodology of trading (holding all your cheapest level shares for the when a stock eventually moves towards .01) or were stacked at .0003 by one person at the beginning of the year and got taken out on the first run of the year by myself + 1 (2 large trades in 2 seconds).
I can also account for most of the .0003s - 50M were stacked at .0004 and went in 2 seconds when the move started and another 30M were sold before the uptick.
Those that had .0004s from the last run which only went to .0005x.0006 could easily have sold them all within the 100M that were traded at .0005 if they wanted to. Those that only turned up last time as momentum / scanner watchers for a quick run - without understanding how great the $DIGX potential is - most probably did sell if they had sell orders in and didn't cancel fast enough when they saw the huge new interest and rapid upticking was on the ever improving financials and profitability.
On Thursday, there was plenty of opportunity for those that bought initially at .0006>.0010 (about 480M>500M) to sell for a profit or an unnecessary small loss at .0009>.0006 if they were short-term.
There were no significant trades at .0006 on Friday, reinforcing my opinion that there are no significant quantities of .0005 held anymore by short-term flippers rather than long-term supporters.
What we have now is any remaining .0002s/.0003s/.0004s held by long-term supporters who will not be selling and a few people trying to flip from .0006/7 to .0007/9.
There was one example of someone with deep pockets setting a market order to buy 12M at .0008 or .0009 when there was 3.8M on the undercut ask at .0007 (from a clueless flipper who was impatient) - it took out the 3.8M at .0007 and 8.2M at .0008 - leaving less than 1M at .0008 which was then also taken out. The .0009 ask was only 3M until a moron stacked more which led to another flipper undercutting the ask at .0008 again. Had another flipper not added some to the .0008s, I believe the 12M buy had been set at .0009 and should have started them leaving almost nothing under .0010.
Once we can stop the flippers reloading on the bid and get enough people setting largish buys at 2 ticks above the current ask - that then takes out the ask at the next 2 or 3 price points in quick succession - we will get above .0010.
$DIGX will then be extremely thin to .0020 as very little was picked up in the .001xs on the way back down from previous runs over .0020.
$DIGX remains my #1 Pick for 2017.
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