With the change in SEC rules regarding how convert
Post# of 4382
(Total Views: 412)
Posted On: 04/12/2018 3:57:57 PM
With the change in SEC rules regarding how convertible debt holders can operate, some MMs expected to go out of business from tomorrow.
Some have sold into the bid today across the market and many large scale flippers have sold even into any bid at .0001.
In future, it is possible that bid sitting isn't going to work for one-tick flippers anymore.
I have added a lot of .0001s today - we can expect the .0002s to be a lot thinner if even one or two of the morons who blocked the run yesterday are gone.
I have to go out immediately after the close. I'll try and work out what mirror trades there were here later tonight so that we get a clue how many .0001s actually went to retail.
Many of the one-tick flippers got buried today when they were holding multiple large positions across many stocks - karma is a beach !
Some have sold into the bid today across the market and many large scale flippers have sold even into any bid at .0001.
In future, it is possible that bid sitting isn't going to work for one-tick flippers anymore.
I have added a lot of .0001s today - we can expect the .0002s to be a lot thinner if even one or two of the morons who blocked the run yesterday are gone.
I have to go out immediately after the close. I'll try and work out what mirror trades there were here later tonight so that we get a clue how many .0001s actually went to retail.
Many of the one-tick flippers got buried today when they were holding multiple large positions across many stocks - karma is a beach !
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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.