Trading Summary / Outlook - September 1. More e
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Posted On: 09/01/2020 6:43:40 PM
Trading Summary / Outlook - September 1.
More excellent progress today on only the second day of treating $SKDI as my top priority for trading.
From comments by the top several traders of $SKDI who cover it in detail on Twitter, all either noted or were actively participating in the method of trading I suggested as necessary in my recent post last weekend.
I actively outbid others and hit both walked down asks and nonsensical large asks - others both took the initiative and followed to get the desired surges with ease.
There were a number of hail mary buys of up to 1.4M - both to get the initial .0090 hod and to successfully get up their again from a first shorting attempt.
The 2nd shorting attempt resulted in a 1.4M holdback attempt at .0080 - below the real undercut ask much higher - and a 100K buy in the closing seconds by me resulted in only 20K filling, 80K going on the bid side and the remainder of the fake ask being cancelled.
All significant trades and way points were reported contemporaneously in earlier posts.
Overall, $SKDI moved up .0020 from the previous close and closed .0010 up with almost nothing in the .0081 > .0090 range.
We should be aiming to push for a .01+ break tomorrow .
It is worth noting the difference in Unrestricted O/S count between $SKDI and $IJJP - 316 Million compared to 2 Billion..
Also, $SKDI has a smaller group of more astute traders in it who understand where the stock will be going - you only have to look at iHub to see who is in $IJJP and treating it as their main pick as opposed to treating it as a regular repeat earner on the side between updates.
$SKDI 20M traded - hod .0090 from .0070 - close .0080 - up 10%.
$IJJP 209M traded - hod .0027 - lod .0015 - close .0021 - down 19%.
I will be continuing to watch and trade $IJJP - but only when it is not to the detriment of getting $SKDI moved up to where it should be.
More excellent progress today on only the second day of treating $SKDI as my top priority for trading.
From comments by the top several traders of $SKDI who cover it in detail on Twitter, all either noted or were actively participating in the method of trading I suggested as necessary in my recent post last weekend.
I actively outbid others and hit both walked down asks and nonsensical large asks - others both took the initiative and followed to get the desired surges with ease.
There were a number of hail mary buys of up to 1.4M - both to get the initial .0090 hod and to successfully get up their again from a first shorting attempt.
The 2nd shorting attempt resulted in a 1.4M holdback attempt at .0080 - below the real undercut ask much higher - and a 100K buy in the closing seconds by me resulted in only 20K filling, 80K going on the bid side and the remainder of the fake ask being cancelled.
All significant trades and way points were reported contemporaneously in earlier posts.
Overall, $SKDI moved up .0020 from the previous close and closed .0010 up with almost nothing in the .0081 > .0090 range.
We should be aiming to push for a .01+ break tomorrow .
It is worth noting the difference in Unrestricted O/S count between $SKDI and $IJJP - 316 Million compared to 2 Billion..
Also, $SKDI has a smaller group of more astute traders in it who understand where the stock will be going - you only have to look at iHub to see who is in $IJJP and treating it as their main pick as opposed to treating it as a regular repeat earner on the side between updates.
$SKDI 20M traded - hod .0090 from .0070 - close .0080 - up 10%.
$IJJP 209M traded - hod .0027 - lod .0015 - close .0021 - down 19%.
I will be continuing to watch and trade $IJJP - but only when it is not to the detriment of getting $SKDI moved up to where it should be.
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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.