Trading Summary - February 2. At the open, $SKD
Post# of 7110
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Posted On: 02/03/2020 5:00:38 PM
Trading Summary - February 2.
At the open, $SKDI was set to gap up to .0087.
However, traders who were not paying attention failed to cancel their asks below and so we ended with undercut asks at .0080 / .0079 initially and then attempts by scammers to walk down to .0075.
Bidders from .0065 up only got small fills from the paint down attempts.
The initial scammer loading wall walked down at .0075 was taken out early on and there were invisible bid fills as high as .0074 until the first large (for this) bid of 482K came in at .0066.
A large ask hit of 400K at .0075 followed - taking out the 2nd attempt at a loading wall - followed by 300K at .0077 - leaving only 195K.
At this stage none of the bid funds had been used.
A second large bid of 552K at .0067 came in just before the close.
The funds on the bid at .0066 and .0067 are sufficient to get the .0090+ break - and perhaps even the .01+ break - when applied to the ask - particularly on any day we start with a gap up - more so on a news day.
At the open, $SKDI was set to gap up to .0087.
However, traders who were not paying attention failed to cancel their asks below and so we ended with undercut asks at .0080 / .0079 initially and then attempts by scammers to walk down to .0075.
Bidders from .0065 up only got small fills from the paint down attempts.
The initial scammer loading wall walked down at .0075 was taken out early on and there were invisible bid fills as high as .0074 until the first large (for this) bid of 482K came in at .0066.
A large ask hit of 400K at .0075 followed - taking out the 2nd attempt at a loading wall - followed by 300K at .0077 - leaving only 195K.
At this stage none of the bid funds had been used.
A second large bid of 552K at .0067 came in just before the close.
The funds on the bid at .0066 and .0067 are sufficient to get the .0090+ break - and perhaps even the .01+ break - when applied to the ask - particularly on any day we start with a gap up - more so on a news day.
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A very apposite motto for those who trade successfully in the OTC market..
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.