Trading Summary - February 7. A solid day overa
Post# of 6916
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A solid day overall for $SKDI.
At the open, the normal modus operandi from a few weeks ago - where the person trying to load on the bid put a blocking attempt below where it should have gapped up to - put 300K at .0090.
This was subsequently walked down through .0085 > .0083 > .0080 at which point some were duped into panicking and trading on the bid.
Most significant trades today have already been reported contemporaneously in earlier posts.
Noteworthy were the large (for this) 300K / 500K / 800K bids that started to come in mid-session.
After the bid fill at .0070, the main traders of $SKDI started to bid above MM ARCA's .0067 at .0068 (mine).
Almost immediately it appeared that automatic outbidding had started with a large 800K bid at .0070 coming in and this continued until a peak of 200K at .0078 was reached - with a further 600K in depth at .0072/.0073.
As predicted, former bid sitters took out the undercut ask of 100K at .0079 and about 90K at .0080 - upon which the balance of the walked down ask at .0080 retreated to .0082 where 235K was bought out.
Minor sparring continued thereafter in the final hour with an artificially low walked down ask at .0075 failing to dupe anyone to sell a significant amount to the waiting bids in the .0070 > .0073 range.
Overall, 4M shares were traded today - split pretty much equally between ask hits in the .0080 > .0088 range and bid buys / ask buys on a tighter spread in the .0070 > .0079 range.
I added another couple of batches today in my overall pyramid.
All significant posts here were repeated throughout the Whale Team networks on telegram and slack - with additional posts in the larger telegram room from others.
We may see a gap up on Monday at the open - provided people cancel their asks under .01 - and a return to the 2020 high of .0125 later.
I also expect a break above .0125 towards .02+ later at some point next week.
I still expect expect $SKDI to be trading in the .02 > .05 range sooner rather than later and remaining there (or higher) throughout 2020.
We should see one or two PRs in the next 2 weeks - one on the 2020 plan the CEO was working on and also the 88% A/S reduction.
Warning ! Anyone who is seen posting nonsense on iHub on any on the thinly traded stocks I'm a shareholder in - especially when small paint downs are also seen along with undercut asks - can expect to have their user ID passed to the SEC which has now started to take action against those using the exact modus operandi I have detected and commented on for the past 2 years:
https://www.sec.gov/news/press-release/2019-216
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