Trading Update - September 26. Ridiculous games
Post# of 4909
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Ridiculous games going on to get cheap shares: stacked ask, intensive bashing on iHub by probably paid bashers, shorting at both .00045 and .0004 (you could see alternate red and green prints of .0004 at one point representing one price being higher than the other).
72M traded so far today as follows:
.0005: 10M
.0004: 62M
18.6M of the .0004s were bought by me partially filling an order from Aug 28. The majority of my holding is in the .0004>.0006 range - all of which will turn a significant profit at some point going forward .
A buy order from Sep 5 hasn't started.
Visible whale bid of 41.5M (+ others hidden AON).
Ask shown at .0005 is 44.3M of which an element of the NITE 36M will probably be fake (although it could be people who bought .0005s on the last run panicking and trying to sell even - some will cancel the nearer it gets to Q3 or when they work out what actually is going on).
Going forward, watch for a major element of the ask at .0005 to get cancelled at any time and note at what time it gets put up each morning (ie how many minutes after the open).
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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.