Trading Summary - September 24. A dramatic star
Post# of 3585
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Posted On: 09/24/2019 4:22:36 PM
Trading Summary - September 24.
A dramatic start to the move off the bottom towards .0010+ today,
Yesterday I reported that the 4.6M of the then 21M - that had been put on the undercut ask at .0003 by either the impatient selling for a loss or scammers trying to dupe people to fill their 156M .0002 bid - was bought.
Remember that the .0004s have already been bought out twice this year by those loading for the eventual anticipated move into the .0011 > .0020. Subsequently some were sold for a loss at .0003 by the impatient over the past few months.
Today the remaining 16M .0003s were bought out in minutes and the .0004s were started.
4:1 traders competed for the last 5M left at .0003 at the same time creating an immediate 15M bid at .0003.
Thereafter the bid at .0003 peaked at 46M.
When there were no further fills at .0003 - apart from a few small paint down attempts - funds were taken off the bid and made a decisive 5M buy at .0004.
The ask at .0004 on initial uptick was only 45M and was reduced to 39M by buys - counting down correctly.
At the close there were only 36M left at .0004 in GTCs.
Some left there by those who can't watch all day may well get cancelled when they catch up on today's developments after the close.
Overall, 22.8M were loaded today at .0003/4.
A dramatic start to the move off the bottom towards .0010+ today,
Yesterday I reported that the 4.6M of the then 21M - that had been put on the undercut ask at .0003 by either the impatient selling for a loss or scammers trying to dupe people to fill their 156M .0002 bid - was bought.
Remember that the .0004s have already been bought out twice this year by those loading for the eventual anticipated move into the .0011 > .0020. Subsequently some were sold for a loss at .0003 by the impatient over the past few months.
Today the remaining 16M .0003s were bought out in minutes and the .0004s were started.
4:1 traders competed for the last 5M left at .0003 at the same time creating an immediate 15M bid at .0003.
Thereafter the bid at .0003 peaked at 46M.
When there were no further fills at .0003 - apart from a few small paint down attempts - funds were taken off the bid and made a decisive 5M buy at .0004.
The ask at .0004 on initial uptick was only 45M and was reduced to 39M by buys - counting down correctly.
At the close there were only 36M left at .0004 in GTCs.
Some left there by those who can't watch all day may well get cancelled when they catch up on today's developments after the close.
Overall, 22.8M were loaded today at .0003/4.
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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.