Trading Summary - October 2. For the 3rd day ru
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Posted On: 10/02/2019 7:25:24 PM
Trading Summary - October 2.
For the 3rd day running, one or two clueless people left sell orders up at the open - even though OLMN + ARCA were way up above .0140.
Within 3 minutes, OLMN + ARCA came down to match the ask order at .0097 and started walking down an "intimidation ask" towards their waiting bid at .0071.
Once I detected that ARCA + OLMN were using an outbidding alogorithm, I was able to walk them up to .0074.
Thereafter, a few other traders began to realize that $OTTV could not dilute further whilst not OTC Current - not that there has been any since the recent runs started 6 trading days ago - and so started to buy on the ask.
As usual, ARCA + OLMN were noted retreating when hit - without filling the amount shown.
By the close, a buy of around 250K set at .0100 would probably have got the .0100+ break - but top traders were busy elsewhere on $VYST and $TTCM.
Reminder of how to beat the MM algorithm:
- Do not put sell orders on the ask until the stock is actually moving relatively quickly.
- Do not undercut the ask that ARCA + OLMN are on.
- Do outbid ARCA + OLMN - if they move up, keep outbidding them until they stop moving up.
- Set a buy order - large enough to buy everything at the next 2 or 3 price points - set at the highest price. Watch to see if ARCA + OLMN fold their hold back attempt without completely filling you order - they should retreat up as well and may disappear altogether.
- Keep momentum up with additional ask hits.
The iHub basher morons were left to speak to themselves today - with #boycottiHub still in force whilst loading is still in progress at the bargain prices under .0110 for the next leg into the .1500 > .0200 range.
Overall, 3.296M shares were bought today - mostly on the ask - at broadly similar prices to the 798K shares that were bought yesterday.
Items below the line unchanged since last update:
Top traders network by other means and deliberately boycott iHub most of the time - because it is a waste of our time to debunk basher / scammer nonsense on a marginalized board long since rendered irrelevant.
Almost nothing is being offered under .0150 - watch for the next leg .0150 > .0200+ at any time.
The Unrestricted Outstanding Shares count - which is the only one that matters to traders - is exceptionally thin at only 115M shares.
Ahead we have multiple updates known to be coming from the company on BLU phones and various deals under negotiation.
As we have seen over the past few days, expect moves to be dramatic now $OTTV is on the radar of a number of top OTC traders with networks of their own.
The last 150% run was from .0100 was to .0250 but we have of course been much higher this year [.2000 > .2400] and I certainly expect to see .1000+ again in 2019.
We have since of course also had a 50% run from .0100 > .0149 on September 23 (or more if they managed to buy any of the few shares available in the .0050 > .0099 range up to September 20) and the run on September 27 from .0080 (mainly .0094 / .0100) to .0134 for around 33%.
For the 3rd day running, one or two clueless people left sell orders up at the open - even though OLMN + ARCA were way up above .0140.
Within 3 minutes, OLMN + ARCA came down to match the ask order at .0097 and started walking down an "intimidation ask" towards their waiting bid at .0071.
Once I detected that ARCA + OLMN were using an outbidding alogorithm, I was able to walk them up to .0074.
Thereafter, a few other traders began to realize that $OTTV could not dilute further whilst not OTC Current - not that there has been any since the recent runs started 6 trading days ago - and so started to buy on the ask.
As usual, ARCA + OLMN were noted retreating when hit - without filling the amount shown.
By the close, a buy of around 250K set at .0100 would probably have got the .0100+ break - but top traders were busy elsewhere on $VYST and $TTCM.
Reminder of how to beat the MM algorithm:
- Do not put sell orders on the ask until the stock is actually moving relatively quickly.
- Do not undercut the ask that ARCA + OLMN are on.
- Do outbid ARCA + OLMN - if they move up, keep outbidding them until they stop moving up.
- Set a buy order - large enough to buy everything at the next 2 or 3 price points - set at the highest price. Watch to see if ARCA + OLMN fold their hold back attempt without completely filling you order - they should retreat up as well and may disappear altogether.
- Keep momentum up with additional ask hits.
The iHub basher morons were left to speak to themselves today - with #boycottiHub still in force whilst loading is still in progress at the bargain prices under .0110 for the next leg into the .1500 > .0200 range.
Overall, 3.296M shares were bought today - mostly on the ask - at broadly similar prices to the 798K shares that were bought yesterday.
Items below the line unchanged since last update:
Top traders network by other means and deliberately boycott iHub most of the time - because it is a waste of our time to debunk basher / scammer nonsense on a marginalized board long since rendered irrelevant.
Almost nothing is being offered under .0150 - watch for the next leg .0150 > .0200+ at any time.
The Unrestricted Outstanding Shares count - which is the only one that matters to traders - is exceptionally thin at only 115M shares.
Ahead we have multiple updates known to be coming from the company on BLU phones and various deals under negotiation.
As we have seen over the past few days, expect moves to be dramatic now $OTTV is on the radar of a number of top OTC traders with networks of their own.
The last 150% run was from .0100 was to .0250 but we have of course been much higher this year [.2000 > .2400] and I certainly expect to see .1000+ again in 2019.
We have since of course also had a 50% run from .0100 > .0149 on September 23 (or more if they managed to buy any of the few shares available in the .0050 > .0099 range up to September 20) and the run on September 27 from .0080 (mainly .0094 / .0100) to .0134 for around 33%.
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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.