Trading Summary - August 21. 78M traded today
Post# of 4930
78M traded today - as follows (all rounded up):
.0009: 3M
.0008: 12M
.0007: 36M
.0006: 25M
.0005: 2M
The Q2 was filed today reflecting gross revenue of $444K+ in the period.
The bashers on iHub employed the usual tactics all day.
As there was no immediate reaction to the Q2, those trying to get cheap shares for future runs employed every manipulation tactic in the book to try to convince a few small holders with iHub short-term mentality to sell.
There was shorting of small amounts at non-retail prices (such as .00069, .00063 and .00055).
There were also multiple small paint downs of 500K until someone sold a medium amount (10M at .0007) - other small sells then followed at .0007 and .0006 - and a paint down of 1.7M at .0005 until reversal took place.
A free for all ensued with the longs adding to bids at various levels and flippers getting in the mix as well. I believe that I was the only person to get .0005s (just 1.79M of a much larger, long-standing bid) and I also picked up my initial target amounts of .0007s and .0006s for the future.
Very few of the .0006 and .0007 picked up on the bid were being put on the ask to flip - about 1/3.
Keep an eye out for the associated PR tomorrow and Wednesday. The one associated with the Q1 came out the day after filing.
The long whales will continue to buy at all prices that makes sense to them at any given point to have a cache for trading on the Q2 PR, Q3 and through to the Annual Report in March 2018 - as $DIGX will most likely not be allowed to go to previous year-end or inter-Q lows.
In my opinion, nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming weeks and months (2017 high .0013) through to the Annual Report (March 2018).
The reaction to the PR will probably depend on the timing and how many of the wider investing community are busy with other trades at the time.
Regardless, current watchers /holders will be looking for trading opportunities - for instance adding in the .0007 > .0009 range if all their initial buys were in the .0010 > .0012 range.
Regardless of whether iHub posters lose interest after the trading associated with the next PR tails off, detailed coverage will continue here as $DIGX remains one of my top picks for repeat profits for those that are patient and trade it to best effect (keep all cheapest batches of shares - create an inventory of shares at higher prices to trade on every run - big or small).
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.