Trading Summary - September 27. A much better
Post# of 4909
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A much better day for $DIGX in my opinion for the following reasons:
- The estimated 4 whales bidding at least 20M each at .0004 maintained their bids until they filled even when it was obvious that manipulators / iHub bashers / shorters were determined to try to get .0003s using a combination of fake stacked ask at ,0005 (at one point a non-credible 98M), intense bashing / unrealistic pessimistic claims on iHub and short selling at .00035 (only 300K painting as .0003).
- The .0003 bid when visible started at a minimum of 113M and was increased to a peak of 172M.
- Nobody got any significant amount at .0003 due to the flipper denial bids placed by the whales at .0003 - my earliest is from Aug 14.
- The 98M ask at .0005 - which large elements from both NITE and CDEL (see contemporaneous earlier post) was proved to be fake when the majority was cancelled within minutes..
- Undercut ask .0004s were mostly bought out readily with buys up to 4M/5M in single seconds.
- On the most recent uptick to .0005, there was only 12.8M there from 3 x MMs and NITE was at .0012 - there was a delay of a few seconds before a fake 31M order from NITE was put in at .0005 (see contemporaneous post earlier).
- The fake 31M from NITE was reduced by 20M the instant just 400K was bought at .0005.
- Almost none (if any) of the 127M bought at .0004 in the last 2 days was put up for a one-tick flip at .0005 - again indicating that it was mostly the long-term continuous traders of $DIGX that got the bulk of the .0004s because they were happy to buy them whilst the bashers / flippers were trying unsuccessfully to get .0003s.
65.4M loaded - all at .0004 except for 300K paint down at .00035 and 500K buy on ask at .0005 on uptick.
Expect the status quo to be maintained until the next pre-Q3 run, with it making little difference to long-term traders whether shares are picked up at .0004/5/6 - they will see a profit on all of them by Q3 / Q4 and on various runs between. the big boys in DIGX will probably be aiming to have an inventory of 50M>120M (based on near instantaneous loading seen across 2 price points in seconds when coming off the inter-Q bottom before).
Also expect an element of the .0003 bidders - particularly those unlikely to fill on paint downs in the time remaining before the next run prior to Q3 at latest - to continue to buy .0004s and .0005s whilst they are still available. Only 20% of the bid at .0003 hitting the ask at .0005 would be sufficient to take out even the current fake ask if left there.
Content below line mainly unchanged from last update - relevant to those that are new here.
less than 7 weeks now to the filing of the Q3 Report - with demand-led pre-runs usually happening 4-6 weeks prior based on pre-Q1 and pre-Q2 experience.
There are at least 4 x whales who trade $DIGX continuously throughout each year who will be happy to take around 20M each if anyone is stupid or impatient enough to sell for a loss at any level below the current one. Any shares bought at .0004 will be worth an easy 150%+ profit on any of numerous runs likely to happen through to Q3 and Q4.
We can now look forward to additional updates on both the possible merger discussed recently 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.
$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).
Ludicrous claims by the notorious bashers currently on iHub - "RFB", "munimi", "Crown Capital" and "surfkast" - are clearly seen as such by all serious traders and now even by most short term (next Q) iHubbers.
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.
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).
In addition, money is not considered "dead" by the most successful traders in the OTC market when they know it will provide a significant return further down the line because they are in a position to understand and influence - through keen observation and record keeping - what volume of shares is likely to be made available for purchase at any particular level.
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