Copy of a post I just put on iHub since recognized
Post# of 5280
Excellent day today for $DGWR with what was probably a mini-short squeeze after the company discovered recently that at least one broker had probably been lending shares out to shorts - thanks for sharing topdog52.
Initially I wasn't watching every trade today because I'm keeping all my former .0002s (now .2) for an anticipated dramatic move above at least $2 at some point next year but I did after my scanner started going off.
When .35 was slapped on the ask, MMs ARCA and MICA went above .4 and .5.
From the .37s being taken out it went straight to .45 and then to .55 within 7 minutes. Some sell orders were completely bypassed in the panic to cover - they were aiming to buy larger visible chunks whilst available.
There then ensured some significant jockeying for position to buy more under .5. The MMs trying to get shares were outbidding each other and some retail buyers who had sold some earlier today (and since the r/s) were attempting to buy at any price that made sense in their overall portfolio.
An attempt to lower the ask to .34 from .45 with 4.8K shares was taken out immediately (back to .45) and a second attempt with 5K at .35 was taken out by me (back to .45).
All my $DGWR are already "free" having previously banked profits 7 times the cost basis of my current holding of $DGWR on multiple runs 2014>2017 during the EVDR/CRTC/CRTCD era and early $DGWR era. I predicted that the r/s would work out just fine and that has transpired to be the case - particularly for those that got their share count up by buying .0002s before the r/s to add to the lotto .0002s they already had.
Savvy traders will have worked out the cost basis of each batch of shares they hold and trade accordingly. Those that follow my successful trading system elsewhere will sell their highest price ones first when in profit by a significant amount and keep their cheapest shares for the "big run" lotto. I now have just mainly .2s and bought more .3s today. Those that work on averages risk selling too many too soon.
$DGWR traded the equivalent of 521M today in old money when considering who came through the r/s with .0002s/.0003s/.0004s/.0005s.
Looking great going forward !
Deep Green Waste & Recycling, Inc. (DGWR) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.