Let's get a quick look at the trades from yesterda
Post# of 171
(Total Views: 132)
Posted On: 01/23/2019 8:49:59 AM
Let's get a quick look at the trades from yesterday before they get pushed down as today's market begin.
Time Price Volume Market
01/22 0.0073 210563 OTO
01/22 0.00715 20000 OTO
01/22 0.0073 28804 OTO
01/22 0.0073 21196 OTO
01/22 0.0073 15204 OTO
01/22 0.0071 36000 OTO
01/22 0.0072 4000 OTO
01/22 0.0079 25000 OTO
01/22 0.0079 4000 OTO
01/22 0.0079 20000 OTO
01/22 0.0079 15200 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.0079 10000 OTO
01/22 0.0079 10000 OTO
01/22 0.0079 195000 OTO
01/22 0.00785 20000 OTO
01/22 0.00785 10000 OTO
01/22 0.00785 20000 OTO
01/22 0.0079 14000 OTO
01/22 0.0079 157155 OTO
01/22 0.0079 11000 OTO
Let's isolate this block, as I found it to be the most telling:
01/22 0.0073 15204 OTO
01/22 0.0071 36000 OTO
01/22 0.0072 4000 OTO
01/22 0.0079 25000 OTO
01/22 0.0079 4000 OTO
01/22 0.0079 20000 OTO
Notice that the price didn't go from 79 to 71 based on a massive selloff. It went down on a whopping 40k shares. In an honest world, maybe that was just a smaller trader looking for an exit. In a more calculating scenario, this was an attempt to test the tolerance of the longs, seeing if a low volume sale could walk it down and cause a panic sell, or series of sells, once someone sees their account in the red. Traders know people have psychological thresholds, and hitting the bid to drop the price on low volume is a great way for them to cause people to get swayed on emotion; and should they do so, it is a great place for those who walked it down to load cheap shares and/or cover short positions. It's not just the share price that matters, it's also about the volume. A sharp drop in price, in tandem with a low volume walk-down, is not a massive selloff.
Also, remember that the potential open short position on the 48M share day was in the .005's. If that is still open, they are going to want to cover before the 8-k drops. So, if you see the price go from 79 to 71 on 40k shares, then to 65 on 40k shares and then into the 50's on similar volume, you'll have a good idea what's happening. Of course, always do what is best for you, but just be aware of some of the mechanics used to achieve certain ends.
Looking forward to the 8k, the BOD integration, iMedscan adoption and expansion, growth of InMed, and new acquisition targets revealed. This should be a very solid year.
Time Price Volume Market
01/22 0.0073 210563 OTO
01/22 0.00715 20000 OTO
01/22 0.0073 28804 OTO
01/22 0.0073 21196 OTO
01/22 0.0073 15204 OTO
01/22 0.0071 36000 OTO
01/22 0.0072 4000 OTO
01/22 0.0079 25000 OTO
01/22 0.0079 4000 OTO
01/22 0.0079 20000 OTO
01/22 0.0079 15200 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.00785 2500 OTO
01/22 0.0079 10000 OTO
01/22 0.0079 10000 OTO
01/22 0.0079 195000 OTO
01/22 0.00785 20000 OTO
01/22 0.00785 10000 OTO
01/22 0.00785 20000 OTO
01/22 0.0079 14000 OTO
01/22 0.0079 157155 OTO
01/22 0.0079 11000 OTO
Let's isolate this block, as I found it to be the most telling:
01/22 0.0073 15204 OTO
01/22 0.0071 36000 OTO
01/22 0.0072 4000 OTO
01/22 0.0079 25000 OTO
01/22 0.0079 4000 OTO
01/22 0.0079 20000 OTO
Notice that the price didn't go from 79 to 71 based on a massive selloff. It went down on a whopping 40k shares. In an honest world, maybe that was just a smaller trader looking for an exit. In a more calculating scenario, this was an attempt to test the tolerance of the longs, seeing if a low volume sale could walk it down and cause a panic sell, or series of sells, once someone sees their account in the red. Traders know people have psychological thresholds, and hitting the bid to drop the price on low volume is a great way for them to cause people to get swayed on emotion; and should they do so, it is a great place for those who walked it down to load cheap shares and/or cover short positions. It's not just the share price that matters, it's also about the volume. A sharp drop in price, in tandem with a low volume walk-down, is not a massive selloff.
Also, remember that the potential open short position on the 48M share day was in the .005's. If that is still open, they are going to want to cover before the 8-k drops. So, if you see the price go from 79 to 71 on 40k shares, then to 65 on 40k shares and then into the 50's on similar volume, you'll have a good idea what's happening. Of course, always do what is best for you, but just be aware of some of the mechanics used to achieve certain ends.
Looking forward to the 8k, the BOD integration, iMedscan adoption and expansion, growth of InMed, and new acquisition targets revealed. This should be a very solid year.
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Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
