Further observations from trading and network comm
Post# of 1514
- It was obvious that the majority of shares observed being loaded off the bottom at .0002 and .0003 by the large scale traders recently were not sold at .0002 today and are being held for future upward moves. In addition, they could easily have all been traded at .0001 and were not.
- Whilst the parent company BTGI seeks out other opportunities - it is only the subsidiaries that have ceased operations - the main value of the ticker is in its potential for a reverse merger for a company that wants to go public.
- These take place frequently at the bottom end of the OTC - even with stocks that are at no bid with several years worth of filings to catch up on.
They tend to go through the following cycle:
-- loading at .0001 and .0002 by any insiders
-- further loading by off-the-bottom watchers who spot on scanner
-- filings starting to appear (with or without Tweet / PR prior)
-- PR stating future intent to get OTC Current
-- Attorney Opinion Letter filed - getting OTC Current within 1 > 2 business days - PR confirming reverse merger details.
- BTGI is obviously in a much better position than most with a 400M > 500M bid at .0001 and significant buys at .0002 today both on the bid and then on the ask.
- Unlike most OTC stocks on the first day in a new era, BTGI is neither:
zero bid at .0001 x 200M > 1B .0002
nor
100Ms on ask at .0001.
Bulova Technologies Group Inc. (BTGI) 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.