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Manti

11/09/18 6:45 PM

#12627 RE: doughboy2 #12614

I've come to the conclusion that most trading on the otc is done by algorithms. It just doesn't make sense for a person to sit and watch the trading, especially when the dollar volume is so low.

Retail orders are generally not shown in 10k lots, and the price changes that happen almost automatically to jockey for position on the bid/ask also point to an algorithm vs retail traders changing their orders quickly all the time.

I've found that especially on low volume days, subscribing to the thought that an algorithm is being used by the mm's just makes it so much easier to have a feel for what the sp is going to do. It helps take the emotion out of it.

Once we got back up near the .04 level you could see retail coming back in. I think once they digest the fins they will quit selling and this will keep moving up to where it belongs.

I expect .06 to be the next support level once we cross it.

.04 should give support for now. Once we get more news on the ticker change and they start putting out pr's to get some eyes on this it will be fun...