Trading Update - June 1. 94M shares were traded
Post# of 4998
(Total Views: 1166)
Posted On: 06/01/2017 5:59:55 PM
Trading Update - June 1.
94M shares were traded at .0003 today - all were bought by traders who are looking to build up an inventory of $DIGX shares to keep as a lotto for future developments and / or to trade on repeat future runs every time quarterly financials are released (next will be 6>10 weeks from now) or on any acquisition news regarding brand expansion of either chain in the portfolio.
Of the 94M shares traded today, just under half came to me and I estimate that almost all the rest went to other longs as only 10M was added to the ask at .0004.
On the few occasions when the .0002 bid was showing without a small amount of .0003s above it, it was consistently above 200M from the outset and grew to 217M (I was busy trading multiple other picks and not watching the whole time).
At least the first 30M on the bid is mine - not because I expect to get any significant amount but to deny any to the basher / flippers on small paint downs over the coming weeks. That strategy worked from December 2016 > May 2017.
I would estimate at least 100M of the 200M is from longs as that was the figure when $DIGX moved up to .0003 before the last run.
Looking at all the .0003s traded so far (+/- a few M as recorded manually by me)):
May 25: 20M
May 26: 50M
May 30: 51M
May 31: 11M
June 1: 94M
Total: 246M
This is way less than the .0003s that had been loaded before the last run to .0011 - and so not a factor to upward movement.
Also, I picked up exactly 33% of those and I believe longs got most of the rest which is why we have not seen a sudden loading of the ask at .0004 when orders for 5M>50M got filled in minutes today.
For those that follow my strategy of always holding all my cheapest level shares on every run and trading others to convert the cost basis of the long-term holds to zero (and increasing the size of that pool after every run using banked profits), I could accumulate a lot more yet at .0003/.0002 (based on accumulated profits so far over the lifetime of trading $DIGX) and they would still be "free". Anything bought in the upper .000xs now reverts to tradeable as I have sufficient for the long-term hold cache using only .0002s (from 2016) + .0003s. The many .0004s I bought on the ask now become tradeable for a 100%>500% profit at some point down the line - not necessarily on the next run.
As explained previously, the high volume successful traders in the OTC market don't fret over whether they they pay .0004 or .0003 or .0002 - the most important thing is to have a reasonable inventory at all times to trade on any run and to make their own risk assessment.
In my opinion, I will be getting a satisfactory return on all my buys going forward. There is no need or intention to have a reverse split and the company ought to be in a position to reduce the share structure further, pay company executives rather than remunerate them with shares, and buy shares back.
I'm not going to waste my time dealing with trolling bashers on iHub. They can say as many times as they like that nobody is buying , that the company is selling or that all the existing holders are selling but I and others who actually bought the shares know what we have !
There also hasn't been any paid promotion in the current era and so no "pump and dump". I personally don't care whether anyone buys $DIGX right now or not - the market is likely to buy a lot every time a formal PR comes out showing $DIGX to be a $2M>$3M company or on announcement of anything that revises the estimates upwards (such as acquisitions to expand the brand).
However, by not buying some now there is always the risk that the first 1>3 .0001 increments up disappear in minutes as they have done on the last 2 runs and become unavailable to anyone not watching a scanner throughout the day and organized to act quickly.
Long term $DIGX watchers will trade around any company selling at any level - just as we did when the company was obviously selling at much higher prices during the latest run.
Everything else from bashers is just their (incorrect) opinion and I don't feel the need to correct them on iHub which takes time and detracts from other trading activities.
94M shares were traded at .0003 today - all were bought by traders who are looking to build up an inventory of $DIGX shares to keep as a lotto for future developments and / or to trade on repeat future runs every time quarterly financials are released (next will be 6>10 weeks from now) or on any acquisition news regarding brand expansion of either chain in the portfolio.
Of the 94M shares traded today, just under half came to me and I estimate that almost all the rest went to other longs as only 10M was added to the ask at .0004.
On the few occasions when the .0002 bid was showing without a small amount of .0003s above it, it was consistently above 200M from the outset and grew to 217M (I was busy trading multiple other picks and not watching the whole time).
At least the first 30M on the bid is mine - not because I expect to get any significant amount but to deny any to the basher / flippers on small paint downs over the coming weeks. That strategy worked from December 2016 > May 2017.
I would estimate at least 100M of the 200M is from longs as that was the figure when $DIGX moved up to .0003 before the last run.
Looking at all the .0003s traded so far (+/- a few M as recorded manually by me)):
May 25: 20M
May 26: 50M
May 30: 51M
May 31: 11M
June 1: 94M
Total: 246M
This is way less than the .0003s that had been loaded before the last run to .0011 - and so not a factor to upward movement.
Also, I picked up exactly 33% of those and I believe longs got most of the rest which is why we have not seen a sudden loading of the ask at .0004 when orders for 5M>50M got filled in minutes today.
For those that follow my strategy of always holding all my cheapest level shares on every run and trading others to convert the cost basis of the long-term holds to zero (and increasing the size of that pool after every run using banked profits), I could accumulate a lot more yet at .0003/.0002 (based on accumulated profits so far over the lifetime of trading $DIGX) and they would still be "free". Anything bought in the upper .000xs now reverts to tradeable as I have sufficient for the long-term hold cache using only .0002s (from 2016) + .0003s. The many .0004s I bought on the ask now become tradeable for a 100%>500% profit at some point down the line - not necessarily on the next run.
As explained previously, the high volume successful traders in the OTC market don't fret over whether they they pay .0004 or .0003 or .0002 - the most important thing is to have a reasonable inventory at all times to trade on any run and to make their own risk assessment.
In my opinion, I will be getting a satisfactory return on all my buys going forward. There is no need or intention to have a reverse split and the company ought to be in a position to reduce the share structure further, pay company executives rather than remunerate them with shares, and buy shares back.
I'm not going to waste my time dealing with trolling bashers on iHub. They can say as many times as they like that nobody is buying , that the company is selling or that all the existing holders are selling but I and others who actually bought the shares know what we have !
There also hasn't been any paid promotion in the current era and so no "pump and dump". I personally don't care whether anyone buys $DIGX right now or not - the market is likely to buy a lot every time a formal PR comes out showing $DIGX to be a $2M>$3M company or on announcement of anything that revises the estimates upwards (such as acquisitions to expand the brand).
However, by not buying some now there is always the risk that the first 1>3 .0001 increments up disappear in minutes as they have done on the last 2 runs and become unavailable to anyone not watching a scanner throughout the day and organized to act quickly.
Long term $DIGX watchers will trade around any company selling at any level - just as we did when the company was obviously selling at much higher prices during the latest run.
Everything else from bashers is just their (incorrect) opinion and I don't feel the need to correct them on iHub which takes time and detracts from other trading activities.
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"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.