Trading Summary - October 3. For the 4th day ru
Post# of 2840
For the 4th day running, one or two clueless people left sell orders up at the open - even though OLMN + ARCA were way up above .0140 or absent.
Today, OLMN + ARCA waited 15 minutes (compared to only 3 minutes yesterday) before coming down to match the ask price of the moron who left an undercut ask at .0088.
The person who had 100K at .0096 at the open cancelled - as did someone who had 100K at .0099.
Subsequent whale buys on the ask taking out one of the clueless people and forcing OLMN + ARCA to retreat to .0092 were reported contemporaneously.
I also put a reminder both here and via Twitter how beat ARCA + OLMN.
The company informed shareholders that there would be an update next week.
Providing the few obstinate traders causing problems in the .0089 > .0145 can be taken out so that we get the .0150+ break before the update next week, there is no reason why we shouldn't get another surge into the .0200 > .0250 range as seen a few weeks ago.
Already, the funds on the bid in the .0082 >.0085 range by the close were sufficient to get the .0100+ break when applied to the ask - so those who don't want to lose their shares before the next move to .0150 had better cancel.
Overall, 899,720 shares were bought today - mostly on the ask - at higher prices than 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%.
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 are being left to speak to themselves - 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.
Viva Entertainment Group, Inc. (OTTV) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.