Trading Summary - July 10. Another pretty neutr
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Posted On: 07/10/2017 4:11:29 PM
Trading Summary - July 10.
Another pretty neutral, but slightly weaker day for $DIGX with 112.2M shares changing hands as follows - including 59M at .0008/9:
.0012: 200K
.0011: 12M
.0010: 41M
.0009: 41M
.0008: 18M
The outrageous pump from at least 2 insignificant groups continues on iHub. For the 3rd day in a row, their "whales" did not turn up to do the necessary buying to breakout above .0012 and they weren't willing to do it themselves.
All my comments from my detailed summary of Sunday July 9 (#949) still stand - primarily because there will not necessarily be an update before the Q2 filing on / around Aug 15 and the relatively unsophisticated traders on iHub - all of whom bought above .0006 and most of whom bought above .0010 - are likely to get impatient if they don't see a dramatic rise soon.
In addition, if the Q2 shows anticipated improvements to revenue and net profit - that is without a dramatic increase - and there is not an update on any significant progress towards acquisition - there is unlikely to be enough new interest to get above .0020 this quarter.
All that said, I'm one of the biggest supporters of $DIGX long-term and will be adding for repeat wins indefinitely going forward at prices that make sense to me.
Another pretty neutral, but slightly weaker day for $DIGX with 112.2M shares changing hands as follows - including 59M at .0008/9:
.0012: 200K
.0011: 12M
.0010: 41M
.0009: 41M
.0008: 18M
The outrageous pump from at least 2 insignificant groups continues on iHub. For the 3rd day in a row, their "whales" did not turn up to do the necessary buying to breakout above .0012 and they weren't willing to do it themselves.
All my comments from my detailed summary of Sunday July 9 (#949) still stand - primarily because there will not necessarily be an update before the Q2 filing on / around Aug 15 and the relatively unsophisticated traders on iHub - all of whom bought above .0006 and most of whom bought above .0010 - are likely to get impatient if they don't see a dramatic rise soon.
In addition, if the Q2 shows anticipated improvements to revenue and net profit - that is without a dramatic increase - and there is not an update on any significant progress towards acquisition - there is unlikely to be enough new interest to get above .0020 this quarter.
All that said, I'm one of the biggest supporters of $DIGX long-term and will be adding for repeat wins indefinitely going forward at prices that make sense to me.
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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.
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