Again today people failed to cancel their asks und
Post# of 7110
(Total Views: 176)
Posted On: 10/19/2020 4:48:03 PM
Again today people failed to cancel their asks under .0040 when MMs signaled before the open that they were willing to gap up to .0034 x .0036 after the previous close at .0034 on Friday.
It therefore opened at .0034 with .0035 coming up almost immediately.
A few morons continued to stack the ask at .0035 and even then walked it down. This enabled some of the new interest generated over the weekend to get in on the bid instead of being made to hit the ask.
Overall, 3.2M was traded today in the same .0029 > .0034 range as Friday.
Had people hit the ask aggressively enough, all that volume would probably have got us into the .0038 > .0040 range.
However, there is no rush. It is already evident that the 2020 Q3 filing will report revenue in the $Ms and 2020 should close out at or above the $11M each of the last 2 years for SFL.
I will continue to monitor sales by SFL and report them periodically.
It therefore opened at .0034 with .0035 coming up almost immediately.
A few morons continued to stack the ask at .0035 and even then walked it down. This enabled some of the new interest generated over the weekend to get in on the bid instead of being made to hit the ask.
Overall, 3.2M was traded today in the same .0029 > .0034 range as Friday.
Had people hit the ask aggressively enough, all that volume would probably have got us into the .0038 > .0040 range.
However, there is no rush. It is already evident that the 2020 Q3 filing will report revenue in the $Ms and 2020 should close out at or above the $11M each of the last 2 years for SFL.
I will continue to monitor sales by SFL and report them periodically.
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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.