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Re: None

Friday, 02/09/2018 11:16:50 AM

Friday, February 09, 2018 11:16:50 AM

Post# of 46499
I incorrectly predicted a run from .085 to .10 a few weeks ago - there was a lot of pressure building on the bid/ask and buys were heavily outweighing sells even all the way up to .08s. You figure that as pressure builds for a few days and the MMs hold the price steady, eventually it will pop and continue to run. Seemed we needed another week or so of pressure but it never came and buying came to a bit of a halt.

Regardless, volume has died off to 500k/day for the last 7 trading days....a sign that price movement has stopped. Each run typically sees a spike in price, and then a lull in trading and price movement for a week or so after the end of the runup and then a standstill. Looks like we're at that point.

I took a lot of profit moving my shares around and gaining free ones along the way (added 10% of my portfolio without spending a penny) but it looks like it'll be harder to do that in the coming days with the bid/ask tightening up and volume falling....but a run-up to 3/10/2018 looks likely.

My opinion....hold tight for the next 20 trading days.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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