Trading Summary - February 16. Another status q
Post# of 6908
Another status quo day for $SFLM - with reversal upwards starting - for traders who consider the price difference between .0013 and .0020 irrelevant when we are expecting .02+.
Most OTC market top traders were having to split there time between $SFLM and $PSRU $BRGO $ENZC $INQD - all of which had significant action - enabling more effort to be spent on $SFLM tomorrow ahead of the Week 7 results on Friday.
The significant enthisiastic new interest in the main OTC market top trader rooms, social media and iHub that started on February 4 continued today.
When traders failed to hit the ask aggressively at the open, the usual pattern seen for the past 27 months ensued: walked down asks, jockeying for position and buys on both the bid and ask.
However, a huge (for this) 30M bid at .0012 [$36K] didn't get any significant fills and former bidders did hit the ask - including 4.5M taking all the .0014s and getting the .0015s up at one point.
Again there was a shorted / covering 2 x 6M wash trade - only 1 x 6M being bought on the bid.
Largest buy was 6M - there were many 2M > 4M+ buys.
Overall, almost 48M shares were traded - .0013 (same) > .0015 - ignoring the small .0012 paint early on.
All trades were in the same bottom range - less than 25% of target price .02+ range (ie anything under .0052).
None of the asks are of any significance to hinder a quick break above .0030 towards the .01 > .02 range needed for OTCQB uplisting - and as appropriate to its $10.241M revenue market cap in 2021 and $12.5M currently (even before diversification of revenue streams).
We have still not yet seen the significant buys across several asks at the open that are crucial to getting the breakout to the .01 > .02+ range started.
The correct market cap price for the anticipated revenue as income ramps up under the Collectibles Marketplace Strategy is currently .076 (see DD for calculation).
Remember that the price difference between .0015 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .076.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated February 12 - here:
https://investorshangout.com/post/view?id=6342539
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 on my Watch List.
It is also my #1 Top Profit Pick for the whole of 2022.
Major catalysts ahead in 2022 are:
- Continued excellent revenue growth from the core Jewelry Division.
- Updates on the Metaverse Division.
- Updates on the NFT Division.
- Acquisitions of other collectibles companies - some already in discussions.
- 2021 Q4 filing.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
Next auction tomorrow night - expect another $200K+ in revenue.
Advance revenue for Week 7 for desirable items bought at "Buy It Now" prices is already $5,667 - including one for $4,499 - way above the 2021 average of $845.
https://www.ebay.com/sch/i.html?_sofindtype=0...=1&rt=
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.