Trading Summary - February 22. More news today
Post# of 6908
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More news today but nothing new to the close followers who already knew last week's excellent results from my DD update.
Again, with several other Watch List tickers having news and / or moves, most OTC market top traders were again having to split their time between $SFLM and $ENZC $DGWR $INQD $APRU $PRPM $SUTI - all of which had worthwhile action.
With traders failing to hit the ask aggresively enough at the open, the usual action seen over the past 27 months kicked in: walked down ask, paintdowns, then bid whacks.
When the .0014s were up, there was at one stage only 4M left.
Peak bid was 29M at .0012 - most of which filled - the remainder hit the ask.
Largest transaction seen was 14.5M at .0012 (after hours).
The significant enthisiastic new interest in the main OTC market top trader rooms, social media and iHub that started on February 4 continued today.
Overall, 64.5M shares were traded - the majority at .0013.
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 $12.596M 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 .0768 (see DD for calculation).
Remember that the price difference between .0012 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 20 - here:
https://investorshangout.com/post/view?id=6348135
$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.
- OTCQB uplisting.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
This week's auction is expected to be the biggest of 2022 so far. Already we have:
- "Buy It Now" sales already of $21,922
- Desirable items bid up above $1,000 totaling: $78,009
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