Trading Summary - March 24. Excellent day for m
Post# of 6739
Excellent day for my #1 Top Profit Pick for the whole of 2021 - $SKDI - which was declared in 2020 after it became SFL Maven - for which a name change and ticker change have been filed for and are expected by mid-April.
Early on there were 3 x 1.5M+ hail mary buys in the .0095 > .0100 range to get the .01+ break.
Thereafter - as predicted for months - there was an extremely thin move to the hod .0197 - 155% above lod yesterday of .0077.
For at least 20 minutes - whether due to technical problems or MM manipulation - buy orders were filling up to .0050 above the first ask shown - although the correct price was displayed in times and sales.
This persisted while the ask was walked down from around .0145 > .0115 over another hour.
This enabled those with a large inventory of shares accumulated over the past 12 months at a multitude of price points between the 2020 high of .0157 and yesterday's low of .0077 to:
- Take partial profits of up to 155% to convert remaining long-term hold shares to free.
- Clean up their position and consolidate into easily recognizable, suitably sized lots for further trading throughout the year in the .02 > $1 range.
- Reload in the .0101 > .0125 range prior to the close for the next leg above .02+.
Overall, 365M was traded today - with many OTC market top traders new to the stock joining in on the action.
In the closing minutes, there was a buyout of the 1M+ loading wall at .0110 - not much was filling on the bid anyway - and a surge to .0125 - closing on an undercut ask of .0120.
Ahead, we can expect either a gap up at the open - as more traders catch up on what transpired today - or the usual shorting to get further reloads as seen on any OTC stock that has run 100%+ in a single day.
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.