Thursday, April 10, 2014 7:45:56 AM
Then, news came out and we got in upper 04s and literally there were about 15 orders of 10 to 50K of ASK sitting orders.. out of nowhere. We were blocked. Also, the L2 was showing huge 500K profit taking orders at 0.05. We went from 0.01 to 0.048 in like two weeks and the flippers and original investors were ready to take profits.
After the ASK sitting started, then sellers started taking bids. Then, it was a mad grab by profit takers to sell in 04s. It was embarassing.
The other more recent news - we just didn't have solid footing as we lost momentium which until yesterday we finally reclaimed.. We have been lost for a good two weeks. Our buying volume was 30% of selling volume etc. We had some severe dips to test the moving averages, some panic dumps...
We are past that now. Most longs are happy about our recent reversal and we have a fresh gust of wind in our sails! GO MRIB
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