Trading Summary - October 2. Another solid cons
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Another solid consolidation day at the inter Q2/Q3 of .0004/5 bottom for $DIGX.
Despite ramped-up efforts by the team of bashers posting nonsense on iHub (covered in earlier posts), 15M was bought mainly by bidders but any undercut ask that appeared at .0004 was readily bought out.
Of the 15M, 12M was at .0004 and 3M was at .0003 - all .0003s went to whale longs with anti-flipper / basher denial bids dating back to Aug 14.
The bid peaked at 162M at .0003 with no significant fills at any time since the last run off the bottom.
The stacking of a fake ask at .0005 was at the same level as Friday - varying between 35M and 32M but with a different balance of suspect amounts between NITE and CDEL. There is probably 12M>19M available at .0005.
Only 6 weeks remain now to the filing of the Q3 Report (due November 15) - with demand-led pre-runs usually happening 4-6 weeks prior based on pre-Q1 and pre-Q2 experience so stay sharp if you don't already have all the shares you need to make your profit expectations.
In my experience, 70M>100M is the optimum amount to take best advantage of each run whilst keeping the 25M cheapest batches for the bigger runs next year (especially Q4 in March 2018 when the full year profits will be up). My cheapest 25M retained for next year will not require any shares bought above .0004 now so all others will be tradeable for up to 100% during the remaining runs in 2017.
Content below line mainly unchanged from last update - relevant to those that are new here.
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.
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.
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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