Trading Summary - February 6. At the open there
Post# of 6916
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At the open there was the usual gap up and run to .0115 and sustained trading in the .0110 range to enable some surge profit trading by those who had bought enough lots in addition to their core to do so.
Thereafter, I and a few other large scale traders were able to hold the price at .0100 and above for a period but ultimately there were still too many people hoping to get bid fills rather than hit the ask and those attempting manipulation down with a walked down ask + paint downs succeeded in getting the price down to mainly .0085 ask x .0078 > .0080 bid for the last few hours of trading. A few iHub scammers notorious for doing that on other stocks were recognized and were trying to take advantage of the situation.
Personally I've added tax lots at .0100, .0095, .0085, .0080 and .0078 within my overall pyramid inventory of shares. All those will net a significant profit at some point ahead.
For long-term traders who follow my method of maintaining an inventory of shares at various price points, it was still a very profitable day early on with the opportunity to buy more shares at a variety of price points to be well prepared for gap ups on future days and the next leg up from the 2020 high of .0125 towards .0200+.
Overall, 12M shares were traded today - less than the 17M yesterday but close to the 13M of Tuesday. The increased volume yesterday was all accounted for by the large buys in the .0115 > .0125 range for those scaling in for the next leg up.
I still expect expect $SKDI to be trading in the .02 > .05 range sooner rather than later and remaining there (or higher) throughout 2020.
If iHub mentality people choose to sell for a loss on Friday - as that's what some do - I'll just buy more at any price that makes sense in my overall pyramid of holdings.
There is every chance there will be a gap up tomorrow anyway - but in any event pretty much guaranteed for Monday.
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