Trading Summary - May 3. A more than satisfacto
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(Total Views: 153)
Posted On: 05/03/2022 4:18:49 PM
Trading Summary - May 3.
A more than satisfactory status quo day for $SFLM - with all trades were still around 5%>10% of the anticipated .01 > .02 expected at some point ahead.
In early trading, all stacked .0009s from the impatient trying to sell for a commission loss were taken out and there were immediate 3M + 8M buys at .0010. At that point there was only 4M left at .0010.
Thereafter, former bidders were too slow to take out the rest of the .0010s and so more were stacked - eventually reaching a ridiculous 30M.
In the meantime, the .0009 bid peaked at 18M which was overwhcked by the impatient - creating an undercut ask at .0009 that was mostly bought out by the close - 2M down to 919K after day orders cancelled.
Bid at .0008 peaked at 72M and there were no fills - and there had been no significant fills since the last run to .0013.
Also, OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere taking advantage of Watch List tickers that were moving up - $IJJP gap up to .0018 from .0015 close + reloads .0015 + .0016 - $PSRU starting breakout .0012 > .0015 almost gone - and reloading others - particularly $ENZC.
Overall, 44.7M shares were traded today.
As has been mentioned for months in the DD and daily Trading Summaries, it makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0010 > .0050 range as we are expecting .02+ eventually - although of course any low level flipping profits will be different.
If people fail to hit the ask aggressively across multiple ticks at the open, legacy debt holders will sell and Public Offering investors will continue to convert a portion of their holdings to free at current levels .0010 > .0015.
The Share Structure was updated as at April 26 - details and analysis here:
https://investorshangout.com/post/view?id=6391191
The increased cash available from the Public Offering over the past 11 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.166M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K = $3.277M - average $298K per week compared to an average of $192K per week in 2021. This [$298K - $192K] x 11 = $1.166M increase represents 55% growth so far in 2022 on top of 35% already achieved in 2021.
We can expect asks in the .0015 to .0020 range to get back to the more normal 5M > 500K and then more usually 1M > 200K after that all the way to .01+.
We still need to see 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 still .0800 (thanks to the 206.25M net share reduction).
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0800 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M bought at .0015 is worth $10.5K profit at .0120.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated May 1, 2022 - here:
https://investorshangout.com/post/view?id=6393977
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 and 2020 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.
- Updates on Bitcoin activities (new additioned announced March 31).
- Acquisitions of other collectibles companies - some already in discussions.
- 2022 Q1 Report filing - due around May 17 with only 9 trading days left prior.
- OTCQB uplisting.
- Further steps / share reductions in the Shareholder Protection Initiative.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
Key Points from 2021 Annual Report showing the excellent progress made:
https://investorshangout.com/post/view?id=6373719
Key Points from the Shareholder Protection Initiative PR'ed April 22, 2022:
https://investorshangout.com/post/view?id=6389152
Watch out for PRs ahead on one or more of the following:
- Updates on getting the Metaverse Division up and running.
- Week 18 results (probably next Tuesday).
- Next step in the Shareholder Protection Initiative.
With Mothers' Day coming up, we can expect another high revenue week - I'll update "Buy It Now" sales + extant bids so far periodically before the auction closes.
A more than satisfactory status quo day for $SFLM - with all trades were still around 5%>10% of the anticipated .01 > .02 expected at some point ahead.
In early trading, all stacked .0009s from the impatient trying to sell for a commission loss were taken out and there were immediate 3M + 8M buys at .0010. At that point there was only 4M left at .0010.
Thereafter, former bidders were too slow to take out the rest of the .0010s and so more were stacked - eventually reaching a ridiculous 30M.
In the meantime, the .0009 bid peaked at 18M which was overwhcked by the impatient - creating an undercut ask at .0009 that was mostly bought out by the close - 2M down to 919K after day orders cancelled.
Bid at .0008 peaked at 72M and there were no fills - and there had been no significant fills since the last run to .0013.
Also, OTC market top traders who already have the $SFLM shares they need for $6-figure profits at .01>.02 were busy elsewhere taking advantage of Watch List tickers that were moving up - $IJJP gap up to .0018 from .0015 close + reloads .0015 + .0016 - $PSRU starting breakout .0012 > .0015 almost gone - and reloading others - particularly $ENZC.
Overall, 44.7M shares were traded today.
As has been mentioned for months in the DD and daily Trading Summaries, it makes little difference to the OTC market top long-term continuous traders of $SFLM where they buy in the .0010 > .0050 range as we are expecting .02+ eventually - although of course any low level flipping profits will be different.
If people fail to hit the ask aggressively across multiple ticks at the open, legacy debt holders will sell and Public Offering investors will continue to convert a portion of their holdings to free at current levels .0010 > .0015.
The Share Structure was updated as at April 26 - details and analysis here:
https://investorshangout.com/post/view?id=6391191
The increased cash available from the Public Offering over the past 11 weeks has enabled a much bigger inventory to be bought for sale each week which has now resulted in $1.166M more in revenue over the period [$298K + $319K + $256K + $362K + $355K + $283K + $353K + $311K + $214K + $273K + $253K = $3.277M - average $298K per week compared to an average of $192K per week in 2021. This [$298K - $192K] x 11 = $1.166M increase represents 55% growth so far in 2022 on top of 35% already achieved in 2021.
We can expect asks in the .0015 to .0020 range to get back to the more normal 5M > 500K and then more usually 1M > 200K after that all the way to .01+.
We still need to see 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 still .0800 (thanks to the 206.25M net share reduction).
Remember that the price difference between .0010 and .0050 is irrelevant when traded at .01 > .02+ - let alone at .0800 - apart from the additional partial profits taken on the way to the long-term target.
Every 1M bought at .0015 is worth $10.5K profit at .0120.
Every 1M bought at .0020 is worth a $10K profit at .0120 or $18K profit at .02.
Latest DD - updated May 1, 2022 - here:
https://investorshangout.com/post/view?id=6393977
$SFLM was the #1 Top Profit Pick and #1 Top Banked Profit stock of 2021 and 2020 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.
- Updates on Bitcoin activities (new additioned announced March 31).
- Acquisitions of other collectibles companies - some already in discussions.
- 2022 Q1 Report filing - due around May 17 with only 9 trading days left prior.
- OTCQB uplisting.
- Further steps / share reductions in the Shareholder Protection Initiative.
13th CEO Video here:
https://vimeo.com/673267050
14th CEO Video here:
https://vimeo.com/675954496
Corporate Video here:
https://twitter.com/i/status/1512415744105099269
Key Points from 2021 Annual Report showing the excellent progress made:
https://investorshangout.com/post/view?id=6373719
Key Points from the Shareholder Protection Initiative PR'ed April 22, 2022:
https://investorshangout.com/post/view?id=6389152
Watch out for PRs ahead on one or more of the following:
- Updates on getting the Metaverse Division up and running.
- Week 18 results (probably next Tuesday).
- Next step in the Shareholder Protection Initiative.
With Mothers' Day coming up, we can expect another high revenue week - I'll update "Buy It Now" sales + extant bids so far periodically before the auction closes.
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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.