Trading Summary - August 11. 42M+ traded today
Post# of 4997
(Total Views: 486)
Posted On: 08/11/2017 4:38:58 PM
Trading Summary - August 11.
42M+ traded today - as follows:
.0010: 13M+ - all bought on ask
.0009: 27.5M - bought by those deliberately bidding then hitting ask
.0008: 1.5M - from a few small miscellaneous paint down attempts
Initially, non-credible bashing (mostly on iHub by just 2 people) duped a few to sell small size amounts into the bid at .0009. The whale longs and others kept topping up the bid at .0009 until about 17M had been bought on the bid.
The whales then concentrated their efforts in making sure that the .0008 bid was strong - which peaked at 25M with only 1.5M in miscellaneous small fills - whilst allowing a small undercut ask to develop at .0009 which peaked at 5M.
Warnings were issued both here and on social media that it could be expected that all the remaining .0009s and .0010s would be bought out by the close on Monday at a time of the whales' choosing.
Thereafter, all the .0009s were bought out in 3 individual seconds and buying on the ask at .0010s commenced with 2 x 4M buys in 2 individual seconds. The initial ask at .0010 was under 10M as I predicted (9.6M).
A few indecisive / inexperienced traders then variously whacked the 11.5M whale bid at .0009 for 2.5M, added a few M to the ask, cancelled 3M from the ask, then put it back up again.
Closed at 9M .0009 x 5M .0010.
Expect orders placed before / at the open to take some / all of the 5M at .0010.
Again, the value of whales and others stepping up to secure the bid at .0009 and add shares that they will get an easy profit on at some point in the future meant that DIGX closed in a stronger position at the close today than yesterday.
In the final 20 minutes of trading there were 16M in hits on the ask - 5M at .0009 and 11M at .0010.
Got rid of a few more low level flippers selling small amounts up to 4M at a time at .0009 and .0010 who were either impatient or influenced by bashing attempts - mainly on iHub - or who just weren't committed to holding for the several runs ahead before - and then again on - the Q2 / Q3 / Annual Report filings and any unexpected brand expansion updates in between.
The advantage now is that at each level to the upside at .0011 / .0012 (for starters), the distribution of profit takers should be more equalized
- as opposed to the 37M stack at .0012 that stalled the pre-run and the subsequent stack of 17M at .0011.
The long whales will continue to bid at all prices that make sense to them to keep those that flipped too low / early - or sold for a loss - from getting back in with much if any.
The few whales that control a major portion of the 240M picked up at .0007 and 190M picked up at .0008 are unlikely to be releasing much in the .0011>.0020 range so - with the low float for a stock in this price range - $DIGX will remain thin to the upside (by which I mean 5M > 20M).
There is now only 1 trading day left until the Q2 is due to be filed on August 15.
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 reach the correct level for its' market cap.
Expect buying on the ask when the Q2 filing is first spotted and alerted by those who follow $DIGX closely and then further buying by the wider investing community when the associated PR is released (usually 1>2 days later) [assuming that the Q2 still confirms $DIGX as a $2M+ revenue / $500K+ net profit company of course].
If the filing comes out before the open on Monday, a gap up to is possible .0011 or .0012 - depending on how many cancel their sell orders.
42M+ traded today - as follows:
.0010: 13M+ - all bought on ask
.0009: 27.5M - bought by those deliberately bidding then hitting ask
.0008: 1.5M - from a few small miscellaneous paint down attempts
Initially, non-credible bashing (mostly on iHub by just 2 people) duped a few to sell small size amounts into the bid at .0009. The whale longs and others kept topping up the bid at .0009 until about 17M had been bought on the bid.
The whales then concentrated their efforts in making sure that the .0008 bid was strong - which peaked at 25M with only 1.5M in miscellaneous small fills - whilst allowing a small undercut ask to develop at .0009 which peaked at 5M.
Warnings were issued both here and on social media that it could be expected that all the remaining .0009s and .0010s would be bought out by the close on Monday at a time of the whales' choosing.
Thereafter, all the .0009s were bought out in 3 individual seconds and buying on the ask at .0010s commenced with 2 x 4M buys in 2 individual seconds. The initial ask at .0010 was under 10M as I predicted (9.6M).
A few indecisive / inexperienced traders then variously whacked the 11.5M whale bid at .0009 for 2.5M, added a few M to the ask, cancelled 3M from the ask, then put it back up again.
Closed at 9M .0009 x 5M .0010.
Expect orders placed before / at the open to take some / all of the 5M at .0010.
Again, the value of whales and others stepping up to secure the bid at .0009 and add shares that they will get an easy profit on at some point in the future meant that DIGX closed in a stronger position at the close today than yesterday.
In the final 20 minutes of trading there were 16M in hits on the ask - 5M at .0009 and 11M at .0010.
Got rid of a few more low level flippers selling small amounts up to 4M at a time at .0009 and .0010 who were either impatient or influenced by bashing attempts - mainly on iHub - or who just weren't committed to holding for the several runs ahead before - and then again on - the Q2 / Q3 / Annual Report filings and any unexpected brand expansion updates in between.
The advantage now is that at each level to the upside at .0011 / .0012 (for starters), the distribution of profit takers should be more equalized
- as opposed to the 37M stack at .0012 that stalled the pre-run and the subsequent stack of 17M at .0011.
The long whales will continue to bid at all prices that make sense to them to keep those that flipped too low / early - or sold for a loss - from getting back in with much if any.
The few whales that control a major portion of the 240M picked up at .0007 and 190M picked up at .0008 are unlikely to be releasing much in the .0011>.0020 range so - with the low float for a stock in this price range - $DIGX will remain thin to the upside (by which I mean 5M > 20M).
There is now only 1 trading day left until the Q2 is due to be filed on August 15.
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 reach the correct level for its' market cap.
Expect buying on the ask when the Q2 filing is first spotted and alerted by those who follow $DIGX closely and then further buying by the wider investing community when the associated PR is released (usually 1>2 days later) [assuming that the Q2 still confirms $DIGX as a $2M+ revenue / $500K+ net profit company of course].
If the filing comes out before the open on Monday, a gap up to is possible .0011 or .0012 - depending on how many cancel their sell orders.
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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.