Trading Summary / Outlook - September 4. A sati
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Posted On: 09/04/2020 7:01:45 PM
Trading Summary / Outlook - September 4.
A satisfactory status quo day for 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.
There was no excuse for people not significantly increasing their inventory of shares at a variety of bid and ask prices that will all come in handy for trading on surges when short-term interest joins in - these profits can be used to convert the cost basis of core long-term shares to "free" - and adding to keep cheaper lots as the core.
I did my part in both maintaining bids in depth - and getting fills on all of them - and hitting the ask.
I estimate that at least 4 others did the same to a similar extent in volume.
The best test I did was making the hail mary buy set at .0083 (in excess of visible .0081s and .0082s) that didn't fill initially - then filled slowly at .0080 with an additional fake 1.2M put up as a loading / hold back wall - which was subsequently cancelled and the pps went to .0084.
Then despite half the .0084 being bought out, a moron undercut the ask at .0083 again.
Overall, 5M shares were bought - on the bid and on the ask - the majority in the tight range .0079 > .0084 where the difference in price is irrelevant even at .01 let alone at .1.
$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 on Tuesday - watch for a possible gap up provided left over asks under .01 are cancelled.
Traders clearly failed to cancel left over asks before the open today !
A satisfactory status quo day for 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.
There was no excuse for people not significantly increasing their inventory of shares at a variety of bid and ask prices that will all come in handy for trading on surges when short-term interest joins in - these profits can be used to convert the cost basis of core long-term shares to "free" - and adding to keep cheaper lots as the core.
I did my part in both maintaining bids in depth - and getting fills on all of them - and hitting the ask.
I estimate that at least 4 others did the same to a similar extent in volume.
The best test I did was making the hail mary buy set at .0083 (in excess of visible .0081s and .0082s) that didn't fill initially - then filled slowly at .0080 with an additional fake 1.2M put up as a loading / hold back wall - which was subsequently cancelled and the pps went to .0084.
Then despite half the .0084 being bought out, a moron undercut the ask at .0083 again.
Overall, 5M shares were bought - on the bid and on the ask - the majority in the tight range .0079 > .0084 where the difference in price is irrelevant even at .01 let alone at .1.
$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 on Tuesday - watch for a possible gap up provided left over asks under .01 are cancelled.
Traders clearly failed to cancel left over asks before the open today !
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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.
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