Trading Summary - November 24. - Excellent prog
Post# of 5152

- Excellent progress today towards getting the .0003s up again.
- Opened with 416M on ask at .0002 - peak later was 455M.
- Several large buys on the ask at .0002 in the 50M > 100M per second range got the .0003s back up with only 428M there.
- That is only 27M more than the 401M last time - despite 500M+ traded at .0002 at that point..
- This shows a lot of the previous ask at .0003 was probably old convertible debt that has since been sold by at walked down .0002 ask or by bid whacking .0001.
- The ask was walked down to .0002 again with 193M left at the close.
- Just prior to the close there were 2 x 50M bid whacks at .0001 but the buyer did not add them to the ask.
- The bid at .0001 was also increased to 2.82B at .0001 by the close.
- A trader with a large following of 81K+ on X stated he got in at .0002 today. He is well known for buying the next ask as well to get his choices moving.
- Overall, 745M traded today of which the majority 645M was buys on the ask at .0002.
- We might well see .0003s started again tomorrow - especially if people who have not got filled at .0001 buy .0002s before they are gone.
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