Trading Summary - February 4. 11th PR today of
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Posted On: 02/04/2020 4:32:00 PM
Trading Summary - February 4.
11th PR today of the current campaign before the open.
Gapped up at .0080 - from close at .0077 yesterday.
.0090 and .0100 break achieved with ease and thin move to hod and 2020 high of .0114.
First few attempts by manipulators to get a reload - using the same methods seen for the last 3 months - failed as top traders were willing to hit the ask and the hod at .0114 was achieved again.
Thereafter, a walked down ask to .0090 was taken out and getting .0097 bought out and .0098 up again was achieved.
In the final hour, attempts to walk down a large ask below .0085 to .0080 panicked some - especially those new to the stock - as evidenced by comments on the amateur forum iHub and no doubt some sold for a loss.
For long-term traders who follow my method of maintaining an inventory of shares at various price points, it was a very profitable day allowing trading of shares from 2019 bought in the .0090 > .0100 range as high as .0114, replacement of them in the .0090 to .0100 range, and topping up of the long-term core in the .0080 > .0089 range.
Tomorrow might still offer the opportunity to add to the pyramid of the inventory in the .0070 > .0080 range - depending on whether MMs gap it up at the open.
Overall, 13M shares were traded - roughly 25% of the Unrestricted O/S which is the only relevant figure for immediate trading.
I still expect $SKDI to above .01 again soon and trading in the .02 > .05 range for most of 2020 ahead.
11th PR today of the current campaign before the open.
Gapped up at .0080 - from close at .0077 yesterday.
.0090 and .0100 break achieved with ease and thin move to hod and 2020 high of .0114.
First few attempts by manipulators to get a reload - using the same methods seen for the last 3 months - failed as top traders were willing to hit the ask and the hod at .0114 was achieved again.
Thereafter, a walked down ask to .0090 was taken out and getting .0097 bought out and .0098 up again was achieved.
In the final hour, attempts to walk down a large ask below .0085 to .0080 panicked some - especially those new to the stock - as evidenced by comments on the amateur forum iHub and no doubt some sold for a loss.
For long-term traders who follow my method of maintaining an inventory of shares at various price points, it was a very profitable day allowing trading of shares from 2019 bought in the .0090 > .0100 range as high as .0114, replacement of them in the .0090 to .0100 range, and topping up of the long-term core in the .0080 > .0089 range.
Tomorrow might still offer the opportunity to add to the pyramid of the inventory in the .0070 > .0080 range - depending on whether MMs gap it up at the open.
Overall, 13M shares were traded - roughly 25% of the Unrestricted O/S which is the only relevant figure for immediate trading.
I still expect $SKDI to above .01 again soon and trading in the .02 > .05 range for most of 2020 ahead.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.