Trading Last 5 Business Days. When the R/S was
Post# of 4996
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Posted On: 09/09/2018 11:48:55 AM
Trading Last 5 Business Days.
When the R/S was notified on August 28, some small holders not used to trading through a reverse split decided to exit.
Longer term / larger scale traders who have been through reverse splits before were bidding to buy at .0001 (which would become .1), topped up the bid as it was sold into and also bought over 100M on the ask.
This not only got their share count up but gave them something to trade from the bottom up in the .1 > .4/.5 range which is where most of the extant holders have shares.
They can then continue to trade .4/.5 shares upward when the opportunity arises - it is of course much thinner to the upside there now by both a factor of 1000 + what was sold in panic at .0003/.0002/.0001.
In those circumstances, for those intending to trade $DIGXD into the future, it didn't matter if .0001/.1 didn't end up being the opening or cheapest price as it is represented the last chance to get a significant portion of shares (even when divided by 1000).
In the event, DIGXD opened above .1 - as expected.
Once it was possible for all to trade their legacy shares on-line (September 3) there was no selling of significance - not only on the first day but also for all 4 days of last week.
Some who were not quick enough to get .1s - and those who wanted more - made sure they had a starter to trade in the .1 > .4 range by buying available shares that didn't have much difference in cost basis (.11 > .1650).
The only shares available cheaper were those accumulated from paint downs from manipulators - as shown earlier in the contemporaneous record.
Some have been at .1 and some have been at .0701. Most of the .0701 have gone to myself and at least one other person. Remember bids under 10K and any AON orders are not shown in Level 2.
The cost basis of my DIGXD holdings are less than half the previous banked profits so I will continue to add at multiple price points to ensure I have something to trade at every level on any upward move. I prefer a large spread as we have now - it makes manipulation paint downs expensive for the person doing it and discourages bid whacking by the impatient.
The important figures to keep in mind for future trading - as always - is what is held at what level particularly for trading in the .1 > .4 range. The full detail is in the Daily Summary of Loading but here is a grossed up summary:
.1100 > .1650: 26,789
.1: 245,000 (Aug 28) + 65,057 (Aug 31 - Sep 7) = 310,057
.0701: 7,879
When the R/S was notified on August 28, some small holders not used to trading through a reverse split decided to exit.
Longer term / larger scale traders who have been through reverse splits before were bidding to buy at .0001 (which would become .1), topped up the bid as it was sold into and also bought over 100M on the ask.
This not only got their share count up but gave them something to trade from the bottom up in the .1 > .4/.5 range which is where most of the extant holders have shares.
They can then continue to trade .4/.5 shares upward when the opportunity arises - it is of course much thinner to the upside there now by both a factor of 1000 + what was sold in panic at .0003/.0002/.0001.
In those circumstances, for those intending to trade $DIGXD into the future, it didn't matter if .0001/.1 didn't end up being the opening or cheapest price as it is represented the last chance to get a significant portion of shares (even when divided by 1000).
In the event, DIGXD opened above .1 - as expected.
Once it was possible for all to trade their legacy shares on-line (September 3) there was no selling of significance - not only on the first day but also for all 4 days of last week.
Some who were not quick enough to get .1s - and those who wanted more - made sure they had a starter to trade in the .1 > .4 range by buying available shares that didn't have much difference in cost basis (.11 > .1650).
The only shares available cheaper were those accumulated from paint downs from manipulators - as shown earlier in the contemporaneous record.
Some have been at .1 and some have been at .0701. Most of the .0701 have gone to myself and at least one other person. Remember bids under 10K and any AON orders are not shown in Level 2.
The cost basis of my DIGXD holdings are less than half the previous banked profits so I will continue to add at multiple price points to ensure I have something to trade at every level on any upward move. I prefer a large spread as we have now - it makes manipulation paint downs expensive for the person doing it and discourages bid whacking by the impatient.
The important figures to keep in mind for future trading - as always - is what is held at what level particularly for trading in the .1 > .4 range. The full detail is in the Daily Summary of Loading but here is a grossed up summary:
.1100 > .1650: 26,789
.1: 245,000 (Aug 28) + 65,057 (Aug 31 - Sep 7) = 310,057
.0701: 7,879
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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.