Thanks. The only reason $SKDI sometimes gets stuck in a particular .0020 band - eg .0050 to .0070 - is that there are a few legacy convertible debt holders who need to sell their discounted shares at a particular rate.
There are also one or two scammers who occasionally turn up on iHub to complain about the dilution when in fact they are trying to pick up 500K on the bid and then flip it for as little as 2 ticks. Two of them have been doing it since last November when the current business model began. These are the people I refer to as the "low level flippers". Their activity also makes it more difficult for the convertible debt holder to trade his target daily quota so he is more inclined to undercut the ask or bid whack.
The convertible debt holder is happy to sell his daily quota at whatever price the stock gets moved up to - because obviously he makes more.
The trick is to try to get the stock moved up right at the open - and keep the momentum going with a bid following up closely and not being afraid to hit the ask. At some point, when the convertible debt seller sees that the stock is no longer moving up he will sell on the bid.
A lot of factors come into play.
Without giving all my trading secrets away, whenever it is possible to stop the low level flipper reloading - easy for someone like me who can keep buying without bothering about getting the bottom price - which is irrelevant when it is back up in the .01+ range - let alone the .1 > $1+ range.
Then make large enough buys set high enough across several asks to take out the low level flipper and the diluter's current amount and the stock moves up in bounds [hail mary buys sized large enough to take out everything visible in the target range of 2 > 10 price points].
If you know from past observations that it has also been shorted to dupe people to sell on the bid on quiet days when top traders have been mostly fully occupied elsewhere - you might see them put up smaller walls to try to hold it back. If those can be taken out as well you get a short squeeze whenever the buying momentum is kept up.
That is exactly what has happened on the last run from .0070 > .0084 in a single day - and from .0068 > .0110 on one day and .0110 to .0157 on the next - in the past.
Most of the people who don't understand where $SKDI is going - who bought in the .0090 > .0157 range on previous runs - just because they saw it moving and not because they understand the value - may have sold for a loss over the past few months. That will have made $SKDI extremely thin to the upside after .0090.
I expect it to see .0150+ again fairly soon and .02+ before the end of the year - particularly when the "revenue calculator" is available for share holders to see.
Thereafter, the "sk(d)i" is the limit !
I will never be without shares but I do trade some on the surges in a manner that is transparent and does not affect the upward movement on high volume days. This enables me to reuse funds to try to keep the price up whilst converting the cost basis of an increasing amount of shares to "free" (based on banked profits over the life of trading the stock) to use or keep when the price gets up in the .1 > $1 range.
There are a few traders in both Whale Team rooms who understand and make the hail mary buys. There are also a few long-term supporters on Twitter who like me have $SKDI as their #1 Top profit Pick for the whole of 2020 and into the future.
When you see the large after market T-trades that is actually a good think - it means that the convertible debt holder has been able to sell a large chunk of his shares without affecting the price - for instance the 15M shown after the close today where he was able to sell to a hedge fund / investor without whacking the bid or having to have the ask bought out in future days.
What is annoying currently is the money being sucked out of the OTC by stocks like $IJJP - which good as it is - is not in the same leage as $SKDI in terms of how far along the road it already is and the revenue model it has.
It $SKDI was to have the 413M at an average of .0033 thrown at it that $IJJP had today - that would be equivalent to over 200M at the $SKDI price - $SKDI would have run to anywhere between .02 and .1 !
It is only a matter of time before more traders discover it - and more importantly stay on it - rather than chasing short term trades. The higher we can get it before they discover it the better.
There are also one or two scammers who occasionally turn up on iHub to complain about the dilution when in fact they are trying to pick up 500K on the bid and then flip it for as little as 2 ticks. Two of them have been doing it since last November when the current business model began. These are the people I refer to as the "low level flippers". Their activity also makes it more difficult for the convertible debt holder to trade his target daily quota so he is more inclined to undercut the ask or bid whack.
The convertible debt holder is happy to sell his daily quota at whatever price the stock gets moved up to - because obviously he makes more.
The trick is to try to get the stock moved up right at the open - and keep the momentum going with a bid following up closely and not being afraid to hit the ask. At some point, when the convertible debt seller sees that the stock is no longer moving up he will sell on the bid.
A lot of factors come into play.
Without giving all my trading secrets away, whenever it is possible to stop the low level flipper reloading - easy for someone like me who can keep buying without bothering about getting the bottom price - which is irrelevant when it is back up in the .01+ range - let alone the .1 > $1+ range.
Then make large enough buys set high enough across several asks to take out the low level flipper and the diluter's current amount and the stock moves up in bounds [hail mary buys sized large enough to take out everything visible in the target range of 2 > 10 price points].
If you know from past observations that it has also been shorted to dupe people to sell on the bid on quiet days when top traders have been mostly fully occupied elsewhere - you might see them put up smaller walls to try to hold it back. If those can be taken out as well you get a short squeeze whenever the buying momentum is kept up.
That is exactly what has happened on the last run from .0070 > .0084 in a single day - and from .0068 > .0110 on one day and .0110 to .0157 on the next - in the past.
Most of the people who don't understand where $SKDI is going - who bought in the .0090 > .0157 range on previous runs - just because they saw it moving and not because they understand the value - may have sold for a loss over the past few months. That will have made $SKDI extremely thin to the upside after .0090.
I expect it to see .0150+ again fairly soon and .02+ before the end of the year - particularly when the "revenue calculator" is available for share holders to see.
Thereafter, the "sk(d)i" is the limit !
I will never be without shares but I do trade some on the surges in a manner that is transparent and does not affect the upward movement on high volume days. This enables me to reuse funds to try to keep the price up whilst converting the cost basis of an increasing amount of shares to "free" (based on banked profits over the life of trading the stock) to use or keep when the price gets up in the .1 > $1 range.
There are a few traders in both Whale Team rooms who understand and make the hail mary buys. There are also a few long-term supporters on Twitter who like me have $SKDI as their #1 Top profit Pick for the whole of 2020 and into the future.
When you see the large after market T-trades that is actually a good think - it means that the convertible debt holder has been able to sell a large chunk of his shares without affecting the price - for instance the 15M shown after the close today where he was able to sell to a hedge fund / investor without whacking the bid or having to have the ask bought out in future days.
What is annoying currently is the money being sucked out of the OTC by stocks like $IJJP - which good as it is - is not in the same leage as $SKDI in terms of how far along the road it already is and the revenue model it has.
It $SKDI was to have the 413M at an average of .0033 thrown at it that $IJJP had today - that would be equivalent to over 200M at the $SKDI price - $SKDI would have run to anywhere between .02 and .1 !
It is only a matter of time before more traders discover it - and more importantly stay on it - rather than chasing short term trades. The higher we can get it before they discover it the better.
2
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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.
