Thursday, July 06, 2017 2:36:14 AM
Longs who loaded the .0003s, .0004s and .0005s decisively have succeeded in keeping most of the one tick flippers out.
Being observant and keeping accurate records is what counts in trading in the OTC and in trading $DIGX in particular.
Daily volume and the actual closing price is irrelevant to future runs - knowing what volume was picked up at what price is far more important.
There is a buyer and a seller for every trade. So a trade at a particular price means someone currently has that amount of shares at that price. They are not $DIGX "bagholders" - they willingly bought at that price because they believe that they can make a profit in future.
Nobody cares about the float - $DIGX just ran 350% to .0011 on the current share structure 7 weeks ago and the market will make it run again on any update.
The $DIGX float of 1.6B is pretty low for a stock currently at this price level. Experienced traders know that many off the bottom OTC stocks that run to .01+ - on nothing like $DIGX has going for it in terms of financial results proven over the last 5 quarters - have done so on an A/S or O/S, let alone float, of 5 to 10 times that.
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