Trading Summary - July 14. 28M+ traded today -
Post# of 4929
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Posted On: 07/14/2017 4:49:34 PM
Trading Summary - July 14.
28M+ traded today - 2M more than yesterday - as follows:
.0007: 5.5M (13M less picked up at .0007 compared to yesterday)
.0008: 20.5M (12.5M more bought on ask than yesterday)
.0009: 2M (1.5M more bought on ask than yesterday)
The strategy by the original whale longs to push the bid up to .0007 to deny iHubbers .0006s to average down from their buys predominantly in the .0010>.0013 range continued to work for a 3rd day.
Two of the whales got most of the .0007s yesterday and today - for trading in the .0011 > .0030 range - which explains why so little appeared on the undercut ask at .0008 both yesterday and today.
More and more of the iHubbers who bought 400M > 500M in the .0010 > .0013 have clearly decided to keep their shares for the next run.
Nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming days, weeks and months (2017 high .0013) if $DIGX is to reac the correct level for its' market cap.
Very few - only about 61M (38M on Wed / 18M on Thu / 5M on Fri) - decided to tradel for a loss at .0007 over the last 3 days since I and another whale pushed the bid up.
A few more iHubbers were flushed out to sell for a loss at .0008 and .0007 today.
Based on how many .0007s I know were picked up by longs - of which none were flipped at .0008 - I can deduce that there are very few, if any, 1-tick flippers from .0007
When the .0009 ask appeared on a number of occasions, it was consistently in the 10M > 16M range (same as yesterday) - differences were due to one or two indecisive sellers.
Expect the whales to move the bid up to .0008 at some point next week, for more .0009s to get bought out, and for .0010s to get started.
There are now only about 20 trading days left until the Q2 is expected to be filed on or about August 15.
28M+ traded today - 2M more than yesterday - as follows:
.0007: 5.5M (13M less picked up at .0007 compared to yesterday)
.0008: 20.5M (12.5M more bought on ask than yesterday)
.0009: 2M (1.5M more bought on ask than yesterday)
The strategy by the original whale longs to push the bid up to .0007 to deny iHubbers .0006s to average down from their buys predominantly in the .0010>.0013 range continued to work for a 3rd day.
Two of the whales got most of the .0007s yesterday and today - for trading in the .0011 > .0030 range - which explains why so little appeared on the undercut ask at .0008 both yesterday and today.
More and more of the iHubbers who bought 400M > 500M in the .0010 > .0013 have clearly decided to keep their shares for the next run.
Nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming days, weeks and months (2017 high .0013) if $DIGX is to reac the correct level for its' market cap.
Very few - only about 61M (38M on Wed / 18M on Thu / 5M on Fri) - decided to tradel for a loss at .0007 over the last 3 days since I and another whale pushed the bid up.
A few more iHubbers were flushed out to sell for a loss at .0008 and .0007 today.
Based on how many .0007s I know were picked up by longs - of which none were flipped at .0008 - I can deduce that there are very few, if any, 1-tick flippers from .0007
When the .0009 ask appeared on a number of occasions, it was consistently in the 10M > 16M range (same as yesterday) - differences were due to one or two indecisive sellers.
Expect the whales to move the bid up to .0008 at some point next week, for more .0009s to get bought out, and for .0010s to get started.
There are now only about 20 trading days left until the Q2 is expected to be filed on or about August 15.
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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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