Trading Summary - August 31. A neutral day aga
Post# of 4998
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Posted On: 08/31/2017 4:17:41 PM
Trading Summary - August 31.
A neutral day again today whilst awaiting the update on the outcome of the merger meeting being held today.:
6M traded today - as follows:
.0006: .2M
.0005: 5.7M
.0004: .1M
Ludicrous claims by the notorious bashers currently on iHub - "RFB", "munimi" and "surfkast" - duped a few more people to sell small amounts (most probably for a loss) at .0005 again today.
However, when the .0004 bid was visible briefly after a 100K paint down, there was 93M there (3M of the 96M yesterday was moved up to .0005 and filled in early trading).
Despite a further 5M being bought at .0005 today, none was added to the ask at .0006 which remained at 11.5M at the close (same as at the close yesterday). There is an indecisive seller with 2M who at one stage cancelled for a few hours - reducing the ask to 9.5M - then put it back up again.
Yet again it was proven that the longs are successively picking up the majority of shares and keeping them out of the hands of the iHub basher / flippers which should make $DIGX very thin at .0006>.0010.
$DIGX had more excellent news last Friday - this time much bigger - a potential merger being lined up with a meeting tomorrow that hopefully we will get an early update on.
The company is making good use of its' new Twitter account now.
We can now look forward to additional updates on both this merger and the implementation of the additional services being offered in the chiropractic chain offices - per the Strategic Growth Plan just announced - over the coming days, weeks and months..
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. There have been minimum bids of 20M at every level downwards for weeks to minimise the amount that the amateur repeat bashers might try to pick up before the next run.
It is of course only 10 weeks now to the Q3. For Q2 there was a whale-led pre-run at (Q2 minus 4 weeks) and the same can be expected again.
$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 months (2017 high .0013) through to the Annual Report (March 2018).
Those that fail to cancel their sell orders at .0006 > .0009 can expect to lose their shares over the coming days and weeks. Those that do not cancel at .0006 could lose them in seconds if the merger news comes out and serious traders haven't by then got the number they want for the rest of the year at .0005.
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).
Finally, debunking nonsense posted by morons on iHub, there is absolutely no need or intention to do a reverse split. The share structure is exceptionally thin - with no dilution - and the company has been buying back shares. OTC market specialists who trade $DIGX continuously would not be loading 50M>100M shares at these inter-Q bottom prices to trade over the next 6 months if there was even the remote possibility of a reverse split.
A neutral day again today whilst awaiting the update on the outcome of the merger meeting being held today.:
6M traded today - as follows:
.0006: .2M
.0005: 5.7M
.0004: .1M
Ludicrous claims by the notorious bashers currently on iHub - "RFB", "munimi" and "surfkast" - duped a few more people to sell small amounts (most probably for a loss) at .0005 again today.
However, when the .0004 bid was visible briefly after a 100K paint down, there was 93M there (3M of the 96M yesterday was moved up to .0005 and filled in early trading).
Despite a further 5M being bought at .0005 today, none was added to the ask at .0006 which remained at 11.5M at the close (same as at the close yesterday). There is an indecisive seller with 2M who at one stage cancelled for a few hours - reducing the ask to 9.5M - then put it back up again.
Yet again it was proven that the longs are successively picking up the majority of shares and keeping them out of the hands of the iHub basher / flippers which should make $DIGX very thin at .0006>.0010.
$DIGX had more excellent news last Friday - this time much bigger - a potential merger being lined up with a meeting tomorrow that hopefully we will get an early update on.
The company is making good use of its' new Twitter account now.
We can now look forward to additional updates on both this merger and the implementation of the additional services being offered in the chiropractic chain offices - per the Strategic Growth Plan just announced - over the coming days, weeks and months..
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. There have been minimum bids of 20M at every level downwards for weeks to minimise the amount that the amateur repeat bashers might try to pick up before the next run.
It is of course only 10 weeks now to the Q3. For Q2 there was a whale-led pre-run at (Q2 minus 4 weeks) and the same can be expected again.
$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 months (2017 high .0013) through to the Annual Report (March 2018).
Those that fail to cancel their sell orders at .0006 > .0009 can expect to lose their shares over the coming days and weeks. Those that do not cancel at .0006 could lose them in seconds if the merger news comes out and serious traders haven't by then got the number they want for the rest of the year at .0005.
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).
Finally, debunking nonsense posted by morons on iHub, there is absolutely no need or intention to do a reverse split. The share structure is exceptionally thin - with no dilution - and the company has been buying back shares. OTC market specialists who trade $DIGX continuously would not be loading 50M>100M shares at these inter-Q bottom prices to trade over the next 6 months if there was even the remote possibility of a reverse split.
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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.