Trading Summary / Outlook - September 3. An exc
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Posted On: 09/03/2020 6:57:41 PM
Trading Summary / Outlook - September 3.
An exciting day for the long-term traders of $SKDI who were able to see yet more examples of the modus operandi I outlined here:
https://investorshangout.com/post/view?id=5877918
based on detailed observation since November 2019.
All significant action was reported in contemporaneous earlier posts.
Highlights were:
- Open as at the close yesterday - .0089 x .0090.
- Buys + most asks cancelled in the .0091 > .0095 range.
- Mini-walls from those who failed to cancel asks or were attempting hold backs under .01 taken out with relative ease.
- New recent high of .01 set - very little being offered in the .0101 > .0110 range (and indeed higher).
- Usual mix of games commenced - including undercut asks, walked down asks and shorting (known for a fact as I bought some of the bottom prices filled on each of the 3 shorting attempts before other bids I had above in depth filled).
- Counter tactics used by myself and at least 2 others (deduced by process of elimination) - including outbidding in depth and hitting ask.
- Looked like there were some pre-arranged transfers from convertible debt holders to institutional level buyers lined up eg the 1M bid at .0085 ($8.5K) which despite being above the next bid at .0080 was filled almost instantly, the 500K that filled at .0080 almost instantly, the 7.6M T-trade at .00813 not listed until after the close ($62K).
- Almost immediately after the 2 x big bid fills I was able to get the move up started by buying on the ask at .0082 - others joined in and the hold back attempt retreated to .0087.
In addition, the company informed shareholders that the Numuni Monthly Revenue Calculator was now available:
https://blog.numuni.io/index.php/2020/09/03/k...alculator/
There was no excuse today for not adding more shares to the inventory for trading in the .01 > .1+ range later. Remember you don't have to get the cheapest price.
Outbidding others - or in parallel with them - in depth - for up to a .0020 band usually pays off whenever extreme games as seen today happen.
In addition, hitting the ask to take out walls is essential and usually only one or two of the top 5 traders of $SKDI will get any at any particular price point before a surge up is under way again.
Overall, 30M shares were traded today - of which I would estimate up to 15M were in pre-arranged trades.
$SKDI will remain the #1 Top Profit Pick on my Watch List for the whole of 2020 and 2021 and my main priority for trading over the next month at least.
Excited for the open tomorrow - watch for a possible gap up provided left over asks under .01 are cancelled.
ore excellent progress today on only the 3rd day of treating $SKDI as my top priority for trading .
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.
An exciting day for the long-term traders of $SKDI who were able to see yet more examples of the modus operandi I outlined here:
https://investorshangout.com/post/view?id=5877918
based on detailed observation since November 2019.
All significant action was reported in contemporaneous earlier posts.
Highlights were:
- Open as at the close yesterday - .0089 x .0090.
- Buys + most asks cancelled in the .0091 > .0095 range.
- Mini-walls from those who failed to cancel asks or were attempting hold backs under .01 taken out with relative ease.
- New recent high of .01 set - very little being offered in the .0101 > .0110 range (and indeed higher).
- Usual mix of games commenced - including undercut asks, walked down asks and shorting (known for a fact as I bought some of the bottom prices filled on each of the 3 shorting attempts before other bids I had above in depth filled).
- Counter tactics used by myself and at least 2 others (deduced by process of elimination) - including outbidding in depth and hitting ask.
- Looked like there were some pre-arranged transfers from convertible debt holders to institutional level buyers lined up eg the 1M bid at .0085 ($8.5K) which despite being above the next bid at .0080 was filled almost instantly, the 500K that filled at .0080 almost instantly, the 7.6M T-trade at .00813 not listed until after the close ($62K).
- Almost immediately after the 2 x big bid fills I was able to get the move up started by buying on the ask at .0082 - others joined in and the hold back attempt retreated to .0087.
In addition, the company informed shareholders that the Numuni Monthly Revenue Calculator was now available:
https://blog.numuni.io/index.php/2020/09/03/k...alculator/
There was no excuse today for not adding more shares to the inventory for trading in the .01 > .1+ range later. Remember you don't have to get the cheapest price.
Outbidding others - or in parallel with them - in depth - for up to a .0020 band usually pays off whenever extreme games as seen today happen.
In addition, hitting the ask to take out walls is essential and usually only one or two of the top 5 traders of $SKDI will get any at any particular price point before a surge up is under way again.
Overall, 30M shares were traded today - of which I would estimate up to 15M were in pre-arranged trades.
$SKDI will remain the #1 Top Profit Pick on my Watch List for the whole of 2020 and 2021 and my main priority for trading over the next month at least.
Excited for the open tomorrow - watch for a possible gap up provided left over asks under .01 are cancelled.
ore excellent progress today on only the 3rd day of treating $SKDI as my top priority for trading .
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.