Today's huge buying may have been by insiders who
Post# of 7110
(Total Views: 184)
Posted On: 05/02/2024 12:23:53 PM
Today's huge buying may have been by insiders who know that there is about to be an announcement on the first acquisition as it wasn't by former bidders of the 128M that was there at the open.
It wasn't a spoof bid - as it didn't get cancelled when the initial .0003s went - and has been increased to 208M and stayed like that. Bids have consistently been in the 128M > 199M range for several days now.
The additional volume at .0003 was from a few 1-tick flippers who managed to get relatively large amounts at .0002 in a single day a few months back when there was still some dilution - none for 79 days now. From their previous comments it is known they also have .0003s and so were just converting more of those to effectively free.
We should see the .0004s start as soon as some of the new bidders commit to buying on the ask so as not to get left behind.
Main buys were 5M then 80M in a few individual seconds - then additional 5M/10M buys for 119M total (some of which were on the bid at .0003).
Looking good now for continued action in the weeks ahead now we have a lot more eyes on it.
It wasn't a spoof bid - as it didn't get cancelled when the initial .0003s went - and has been increased to 208M and stayed like that. Bids have consistently been in the 128M > 199M range for several days now.
The additional volume at .0003 was from a few 1-tick flippers who managed to get relatively large amounts at .0002 in a single day a few months back when there was still some dilution - none for 79 days now. From their previous comments it is known they also have .0003s and so were just converting more of those to effectively free.
We should see the .0004s start as soon as some of the new bidders commit to buying on the ask so as not to get left behind.
Main buys were 5M then 80M in a few individual seconds - then additional 5M/10M buys for 119M total (some of which were on the bid at .0003).
Looking good now for continued action in the weeks ahead now we have a lot more eyes on it.
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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.