Copy of another post I just made on iHub - agreein
Post# of 4379
(Total Views: 155)
Posted On: 07/24/2021 5:16:48 PM
Copy of another post I just made on iHub - agreeing with another poster as to how the volume adds up so quickly to sometimes trade the entire Unrestricted O/S within a day or two:
That is exactly what happens - when people are foolish enough to try to walk a stacked ask down it gets slapped immediately by top traders who know they will make a profit on that inventory lot.
It is already much thinner to the upside because of the people duped to sell for a loss by the institutional level shakers.
This leads to multiple top tier traders making multiple round trips a day at a variety of price points - as they will be ensuring they always have shares for the self-evident run to .01 > .02+ that is going to come at some point.
When you have bids of $150K then hitting the ask on hail mary buys the volume adds up very quickly.
That is exactly what happens - when people are foolish enough to try to walk a stacked ask down it gets slapped immediately by top traders who know they will make a profit on that inventory lot.
It is already much thinner to the upside because of the people duped to sell for a loss by the institutional level shakers.
This leads to multiple top tier traders making multiple round trips a day at a variety of price points - as they will be ensuring they always have shares for the self-evident run to .01 > .02+ that is going to come at some point.
When you have bids of $150K then hitting the ask on hail mary buys the volume adds up very quickly.
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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.