It would have been a T-trade. It could have bee
Post# of 257
(Total Views: 270)
Posted On: 09/24/2019 8:33:41 PM
It would have been a T-trade.
It could have been shorts arranging a deal to cover when it became obvious they were not going to get it below .0042 - which I believe was the low yesterday as well.
I wasn't watching at all yesterday or much today as I had a lot of other movers.
So I don't know the strength of the ask buying pressure to get the reversal - apart from ever since it last got above .0040, those reversing it by ask buying to get 5 to 7 ticks to flip have been beating those trying to take it down.
Although T-Trades are sometimes dilution, that qty would have been way more than any bid at a single price point.
It could have been shorts arranging a deal to cover when it became obvious they were not going to get it below .0042 - which I believe was the low yesterday as well.
I wasn't watching at all yesterday or much today as I had a lot of other movers.
So I don't know the strength of the ask buying pressure to get the reversal - apart from ever since it last got above .0040, those reversing it by ask buying to get 5 to 7 ticks to flip have been beating those trying to take it down.
Although T-Trades are sometimes dilution, that qty would have been way more than any bid at a single price point.
(0)
(0)Cardiff Lexington Corporation (CDIX) Stock Research Links
"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.