Trading Summary - August 22. 68.1M traded toda
Post# of 4995
(Total Views: 225)
Posted On: 08/22/2017 4:34:14 PM
Trading Summary - August 22.
68.1M traded today - as follows:
.0007: 16.5M
.0006: 50.8M
.0005: 0.8M
The post-Q2 PR came out before the open but again was promulgated in a haphazard manner. On Marketwired initially, then otcmarkets.com just before the open but then did not appear on my broker platform until after the open. By then, those looking for new investments were already trading other stocks. It would have been better if the PR had been released at 4:15pm like the post-Q1 PR was. So as stated in the summary yesterday, timing was important and it wasn't idea todayl.
After some early buying on the .0007 ask, one notoriously selfish iHubber whacked the .0006 bid after a small short paint down at .00068 because he had not been following long enough to know how $DIGX trades over the long term.
After another small paint down at .00056 + some bashing from the usual suspects on iHub - which did not dupe anyone to sell for a loss at .0005 - a total of 50M+ was bought at .0006 - both by whales and "new semi-longs" (Q3 at least) now evident on iHub - mostly on the ask.
Apart from 2 paint downs of 100K and 750K at .0005 (all of which came to my long-standing flipper denial bids placed on July 5), nobody got any .0005s. This is mainly because on the way up after Q1, only those watching long-term got .0005s which went in the first few minutes and they are either holding them in their long-term cache or sold them above .0010 on very high volume days earlier. This is why my Loading Summary is useful to estimate what volume might get sold where (except for people selling for a loss).
When the first shares were bought on the .0006 bid, the .0007 ask at the time was just under 25M. After 50M+ was bought at .0006 today, there was just under 26M on the ask at .0007. So self-evidently, those buying now are not flipping for one-tick (otherwise the ask would be 75M).
There was shorting of small amounts at non-retail prices (such as .00068 and .00056) - a technique known to be used (by his own admission) by basher "munimi".
So overall, the reaction to the PR was less than some hoped for but those used to trading $DIGX continuously throughout the year turned this to their advantage by taking the opportunity to increase their inventory of shares at prices that they will make a profit on later ahead of the Q3 (on / around November 15) and on any update on acquisitions to expand the Expressions brand (note the property holding company mentioned in the Twitter account, on the otcmarkets.com company profile, and in the SEC 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 any demand led run, the 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. Initially, at least 3 x whale longs can be expected to maintain a large bid at .0005 (with of course other flipper-denial bids already in place long-term at lower levels just in case).
In my opinion, nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming months (2017 high .0013) through to the Annual Report (March 2018).
Regardless of whether iHub posters lose interest over the coming days and weeks, 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).
68.1M traded today - as follows:
.0007: 16.5M
.0006: 50.8M
.0005: 0.8M
The post-Q2 PR came out before the open but again was promulgated in a haphazard manner. On Marketwired initially, then otcmarkets.com just before the open but then did not appear on my broker platform until after the open. By then, those looking for new investments were already trading other stocks. It would have been better if the PR had been released at 4:15pm like the post-Q1 PR was. So as stated in the summary yesterday, timing was important and it wasn't idea todayl.
After some early buying on the .0007 ask, one notoriously selfish iHubber whacked the .0006 bid after a small short paint down at .00068 because he had not been following long enough to know how $DIGX trades over the long term.
After another small paint down at .00056 + some bashing from the usual suspects on iHub - which did not dupe anyone to sell for a loss at .0005 - a total of 50M+ was bought at .0006 - both by whales and "new semi-longs" (Q3 at least) now evident on iHub - mostly on the ask.
Apart from 2 paint downs of 100K and 750K at .0005 (all of which came to my long-standing flipper denial bids placed on July 5), nobody got any .0005s. This is mainly because on the way up after Q1, only those watching long-term got .0005s which went in the first few minutes and they are either holding them in their long-term cache or sold them above .0010 on very high volume days earlier. This is why my Loading Summary is useful to estimate what volume might get sold where (except for people selling for a loss).
When the first shares were bought on the .0006 bid, the .0007 ask at the time was just under 25M. After 50M+ was bought at .0006 today, there was just under 26M on the ask at .0007. So self-evidently, those buying now are not flipping for one-tick (otherwise the ask would be 75M).
There was shorting of small amounts at non-retail prices (such as .00068 and .00056) - a technique known to be used (by his own admission) by basher "munimi".
So overall, the reaction to the PR was less than some hoped for but those used to trading $DIGX continuously throughout the year turned this to their advantage by taking the opportunity to increase their inventory of shares at prices that they will make a profit on later ahead of the Q3 (on / around November 15) and on any update on acquisitions to expand the Expressions brand (note the property holding company mentioned in the Twitter account, on the otcmarkets.com company profile, and in the SEC 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 any demand led run, the 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. Initially, at least 3 x whale longs can be expected to maintain a large bid at .0005 (with of course other flipper-denial bids already in place long-term at lower levels just in case).
In my opinion, nobody has bought $DIGX in 2017 at a price that it isn't likely to exceed in the coming months (2017 high .0013) through to the Annual Report (March 2018).
Regardless of whether iHub posters lose interest over the coming days and weeks, 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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"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.