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Re: TyTrades post# 19355

Monday, 01/23/2017 4:16:55 PM

Monday, January 23, 2017 4:16:55 PM

Post# of 64600
Why not. Bid sitters are proven to lose out and end up chasing. I'd bid sit during consolidation but not with a stock like this...it's literally on the fence for an explosion into the .03-.04 range. Nothing wrong with slapping the ask as long as the momentum is there and your not day trading it. But for this one it's going to .04-.05 and should sit above .04 or possibly even higher depending on what happens in the next few weeks. Heck I feel like with the current price action this could be sitting above .02 by EoW or EoNW. They have consolidated an extra day just to make sure the MMs have enough shares to take it higher

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