Trading Summary / Outlook - September 2. More e
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Posted On: 09/02/2020 6:47:31 PM
Trading Summary / Outlook - September 2.
More excellent progress today on only the 3rd day of treating $SKDI as my top priority for trading .
Today, at least 3 other top traders of it - by my estimation based on detailed observations, networking and process of elimination - were adopting the modus operandi necessary to defeat convertible debt holders and low level flipper / bashers that I laid out on August 28.
https://investorshangout.com/post/view?id=5877918
Initially, traders were slow to hit the ask and there was no follow up after I and at least one other got .0089 up for the first time.
Momentum was lost and various games ensued as reported contemporaneously - including shorting to .0076 (bought by one of my bids in depth) below abouy 600K in bids at .0076/.0077 - and walked down asks as low as .0078.
Invariably, walked down asks were either cancelled after a few minutes or mostly cancelled when hit - or taken out if stubbornly left in place despite warnings.
In Power Hour, as expected, multiple hail mary buys took out everything up to hod .0090 which was also the closing price.
Up another 14% on only 8.85M traded - with consolidation mainly in the .0083 > .0089 range - only one day after .0090 was reached for the first time yesterday.
We should see the .01+ break tomorrow - we might have got it today if momentum had been maintained the first time the .0089s were gone.
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 8.85M traded - hod .0090 from .0080 open - close .0090 - up 14%.
$IJJP 63.5M traded - hod .0025 - lod .0018 - close .0022 - up 5%.
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 3rd day of treating $SKDI as my top priority for trading .
Today, at least 3 other top traders of it - by my estimation based on detailed observations, networking and process of elimination - were adopting the modus operandi necessary to defeat convertible debt holders and low level flipper / bashers that I laid out on August 28.
https://investorshangout.com/post/view?id=5877918
Initially, traders were slow to hit the ask and there was no follow up after I and at least one other got .0089 up for the first time.
Momentum was lost and various games ensued as reported contemporaneously - including shorting to .0076 (bought by one of my bids in depth) below abouy 600K in bids at .0076/.0077 - and walked down asks as low as .0078.
Invariably, walked down asks were either cancelled after a few minutes or mostly cancelled when hit - or taken out if stubbornly left in place despite warnings.
In Power Hour, as expected, multiple hail mary buys took out everything up to hod .0090 which was also the closing price.
Up another 14% on only 8.85M traded - with consolidation mainly in the .0083 > .0089 range - only one day after .0090 was reached for the first time yesterday.
We should see the .01+ break tomorrow - we might have got it today if momentum had been maintained the first time the .0089s were gone.
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 8.85M traded - hod .0090 from .0080 open - close .0090 - up 14%.
$IJJP 63.5M traded - hod .0025 - lod .0018 - close .0022 - up 5%.
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.