Trading Summary - February 11. Another solid da
Post# of 6916
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Another solid day of trading overall for $SKDI.
As expected, there was a gap up at the open to .0094 (up from .0083 ask at the close yesterday) but a few traders who were not paying attention failed to cancel to cancel asks in the .0090 > .0094 range.
Notably, the 1M loading wall at .0094 from yesterday had been cancelled before the open - that should have been the signal for traders to cancel asks under .01.
The majority of significant trades were reported contemporaneously.
The pattern continued of walked down loading walls whenever the hold back attempt ask was not hit aggressively enough - shorting into the bid to dupe people to sell several tick below so that large bids 500K > 1M were able to buy - then reversal up.
After the first cycle - with reloading mainly at .0075 > .0080 - significant ask buys across levels got .0090s started again.
On the second cycle - with reloading mainly in the .0074 > .0080 range - .0084 was reached.
At the close there was a loading wall left at .0080 - expect that to be cancelled before the open.
Overall, 9.27M shares were traded today - 2.6 x the 3.54M shares that were traded yesterday - due to the repeat surges - which enabled those who could trade all day to reload to a greater extent.
Mid-session, the company provided an update confirming that the 88% A/S reduction had been completed early.
DD Update to follow in a separate post.
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 should see another gap up on Wednesday 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 this week.
I still 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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