GREY:ALXDF - Post by User
Post by
goldopportunityon Aug 16, 2018 5:50pm
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Fwiw........
Fwiw........Alxdf closed at usd .031 = cdn .0407 (boc 1.3152 close)
Alxdf down 16%. Heavier volume of 132K -- close to 50% more than average daily. Very bullish that 2 trades accounted for 75% of today's trading. I suspect most of today's action was accumulation involving swaps and/or cross trades. Bullish. No trading in last hour.
Azx-v up 12%. Total alexandria volume on all cdn exchanges was 325K, including 82K on azx-v. That means 243K were traded on the alternates, or 75% of the day's total volume. Interesting that trades on the alternates were all at cdn .04, unchanged on the day. And looks like anon was pretty active on the buy side, but only on the alternates. I'm speculating that whoever was on the sell side on the alternates was either very stupid or working in cahoots with the buyer. Hmmm..... Regardless....very bullish, imo.
Bottom-line:
So what happens tomorrow? Well, it's friday, the last day of the week. So because everything gold has been in the dumpster, it wouldn't be a stretch for the MM idiots to try and take advantage of any fears that some sheeple might have.
This may be especially evident with alxdf, where I think we may start off with traders holding back on the bids and #'s to have you believe that no one wants your alexandria shares. Now the bb/ba spread could be pretty wide into the open (which is a bullish sign). But then da boyz may pull another one of their infamous tricks of substantially increasing the ba, and bringing it lower. If something like this happens, don't fret or worry. That's just da boyz getting greedy. Truth is, they actually covet your valuable shares. Stay calm.
Azx-v looks likely to trade within today's half-cent range. The bb looks likely to remain well bid in the millions, while the ba probably will continue to be in the triple digits. The real action, though, could prove to be on the alternate exchanges. I'm especially curious what anon is going to do. I sense anon may want to buy quite a few shares in the next little while. But we'll see. At any rate, the market depth bid/ask ratio has greatly improved over the last 24 hours to an approx average of 1.60:1. Bodes well going forward.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp