GREY:CVHIF - Post by User
Comment by
ChaseYourDreamon Dec 06, 2016 2:20pm
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Post# 25561496
RE:Current Trading Patterns, In Brief
RE:Current Trading Patterns, In BriefA new twist:
The Bid almost devoured, but all trades at .105 seem less than the 164k-24k in total
And the ask is now pretty substantial. But once the .105 is cleaned out, which way will it break. and note the bid at .10 when revealed.... has it grown or shrunk since 250-300k around 11am?
Bid Size
23500
Bid
0.105
Ask
0.11
Ask Size
617000
Last
0.105
ChaseYourDream wrote: Just before posting: Bid-ask moving up in force had been .10 at 300k vs devoured ask at .105, all gone.
Bid Size
164000
Bid
0.105
Ask
0.11
Ask Size
350500
Last
0.105
- Many days actual trading at .105, not higher or lower.
- Static walls at .10 and .11 approx 200k each
- In depth 1.7 bid and 1.2 ask
- Total volumes low, with some exceptions, but all active bids would have been devoured in a busy trading day of 2-3 weeks ago.
- Most current trades seem to drop in without moving the bid stack, and any daring to ask .105 have a short shelf-life. Could be shorters sending out skirmishers to die, so that a full assault is deterred for now, or some flippers cashing in instead of waiting for the upside which could be long coming now.
- Most conditions suggest vulnerability to SP decay, but in fact the defense of .105 has been resolute, and the manipulators are making little effort to lower it. They appear to be relieved it is holding at .105 for now...
Pasting in of evidence is what ruined my much more detailed lost post. so pelaser verify by your own direct observations. PLEASE DYODD, my oopinoons shares only as grist fro your reasoning; persuade yourself.
IMO The longer SP remains static (as now appears to tbe the norm) the more likely that the SP will decline a little sooner or later... this tends to be a self-fullfiling prophecy. But here, in Convalo, there appear to be a hug reserve of buyers who know durn welll this is a gtreat bargain to buy and hold....and the largert our ppositins are, the less likely we are to tolerate declines to recent lows.
This hornet's nest is already angry and is not a safe place for more shorting now. But the probability of slightly cheaper SP makes it tempting foir extablished longs to wait to add rather than buy buy buy right away.
Long-term I expect this to soar sharply on the Q3 and the rally may begin a couple of days early. But before it does, or before another trigger if news is anticipated, expect a basher infestation and large volume manipulation to try to extend and lower the discount before the rally breaks out.
Any SP declines wil be short-lived, so If you can park bids now, the sooner the better, or they may never get filled (on volume). Remember the low water mark is always painted!
I will be holding. If other positions soar sooner I will add, but all of my positions now are long and already high, or low and months and from double or triples. Convalo was supposed to be the profits I would use to buy them this last 2 months.... LOL
GLTAL CYD