ZAMMMMM. Just read back through my contemporaneous
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Posted On: 08/22/2017 3:21:08 PM
ZAMMMMM. Just read back through my contemporaneous record here over several months.
There are multiple forces at work trading all the time - sometimes on low volume - sometimes on high volume.
Longs who keep their cheapest shares for a big run past .0020 and trade other higher price blocks picked up when the impatient or those duped by bashers sell (myself + at least 2 others I can recognise).
Minor pump groups on iHub - from Q1, July 3-10 mini-run, and pre-Q2 who - when they get it wrong - sell for a loss to chase something else short term.
New converts taking advantage of the opportunity to add at .0006 + .0007.
Repeat bashers who stack the ask with shares that - if bought they still make a profit on - hoping to get cheaper shares to replace them from people duped into selling rather than waiting for the next run.
Large amounts are not being flipped for 1-tick.
Before the .0006 bid was sold into, there was 25M on the ask at .0007.
After 42M has been picked up at .0006 - mostly on the ask - there was only 26M on the ask at .0007. So, self-evidently, almost none of the .0006s bought today are being flipped.
Those that trade $DIGX long-term, who are not afraid to add shares at every price level on both the bid and the ask, can use that inventory to keep trading whatever the price level.
There are multiple forces at work trading all the time - sometimes on low volume - sometimes on high volume.
Longs who keep their cheapest shares for a big run past .0020 and trade other higher price blocks picked up when the impatient or those duped by bashers sell (myself + at least 2 others I can recognise).
Minor pump groups on iHub - from Q1, July 3-10 mini-run, and pre-Q2 who - when they get it wrong - sell for a loss to chase something else short term.
New converts taking advantage of the opportunity to add at .0006 + .0007.
Repeat bashers who stack the ask with shares that - if bought they still make a profit on - hoping to get cheaper shares to replace them from people duped into selling rather than waiting for the next run.
Large amounts are not being flipped for 1-tick.
Before the .0006 bid was sold into, there was 25M on the ask at .0007.
After 42M has been picked up at .0006 - mostly on the ask - there was only 26M on the ask at .0007. So, self-evidently, almost none of the .0006s bought today are being flipped.
Those that trade $DIGX long-term, who are not afraid to add shares at every price level on both the bid and the ask, can use that inventory to keep trading whatever the price level.
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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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