Trading Summary - September 7. An excellent day
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Posted On: 09/07/2022 4:43:40 PM
Trading Summary - September 7.
An excellent day for $SFLM - with the start of the breakout from .0008 ask to closing at a hod of .0012 - up 71% from .0007.
Before the open, we had the anticipated news on the launch of the Metaverse wedding NFTs in the Decentraland store. This included the unexpected item that the patent pending "HoloGlow" technology within the"Bling-Flex" Strategy would be available retrospectively to any immediate customers - which should jump-start sales to people who might otherwise have held off.
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=371568
At the open, the ask at .0008 was down to 11M initially. As usual, it is suspected that the low-level flipper / basher on the amateur forum then stacked additional batches of 4M and 5M to make 20M (same as last several days).
However, this time he was caught out by either top traders of $SFLM and / or new interest taking out successive asks all the way to .0011 and starting the .0012s - sometimes in a matter of seconds - with typical buys in the 5M > 15M range meaning that only a few people who hit the ask managed to get in at each price point.
See earlier contemporaneous posts for the details.
Throughout the day, those that failed to hit the ask immediately there was an uptick flipped to the bid side unfilled and got left behind. Also, bids were rarely whacked and any undercut ask below a price already started was taken out almost immediately - usually with just one or two buys.
This looks like the same pattern we saw on all surges into the .01>.02 range in 2021. This may involve the significant Public Offering $50K minimum investors or other top traders who have a vested interest in getting $SFLM to the sustained bid above .01 point to qualify for the planned OTCQB uplist.
Overall, 187M shares were traded - mostly at .0010 > .0012.
Finally - after months of pointing it out - people learnt that if they want to get a run going, the first and second asks prices need to be taken out in rapid succession before manipulators get a chance to add asks or make paint downs! Then also prevent bashers / low-level flippers from reloading by outbidding at the top level.
There has been no significant dilution in 2021 or 2022 compared to the volume traded in any period of increase - as explained in the DD (see link below).
The Share Structure was updated on August 19 after the close - there has now been no change - no dilution - to the Unrestricted Outstanding Shares in 76 days.
Latest DD here - updated September 5:
https://investorshangout.com/post/view?id=6465860
Major catalysts ahead in 2022 are:
- Continued excellent revenue growth from the core Jewelry Division.
- Updates on the Metaverse Division - first sales.
- Updates on the NFT Division - approval of 'HoloGlow" patent.
- Updates on Bitcoin activities.
- Acquisitions of other collectibles companies - some already in discussions.
- OTCQB / NASDAQ uplisting or IPO.
- Further steps / share reductions in the Shareholder Protection Initiative.
Watch out for PRs / updates ahead on one or more of the following:
- Further updates on the Metaverse Division.
- Next step in the Shareholder Protection Initiative.
- Excellent Week 34 and Week 35 results and / or revenue so far in Q3.
$SFLM remains my #1 Long-Term Top Profit Pick for the whole of 2022 into 2023 for self-evident reasons in the DD (see link above).
I'll update the Week 36 Revenue so far later tonight.
An excellent day for $SFLM - with the start of the breakout from .0008 ask to closing at a hod of .0012 - up 71% from .0007.
Before the open, we had the anticipated news on the launch of the Metaverse wedding NFTs in the Decentraland store. This included the unexpected item that the patent pending "HoloGlow" technology within the"Bling-Flex" Strategy would be available retrospectively to any immediate customers - which should jump-start sales to people who might otherwise have held off.
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=371568
At the open, the ask at .0008 was down to 11M initially. As usual, it is suspected that the low-level flipper / basher on the amateur forum then stacked additional batches of 4M and 5M to make 20M (same as last several days).
However, this time he was caught out by either top traders of $SFLM and / or new interest taking out successive asks all the way to .0011 and starting the .0012s - sometimes in a matter of seconds - with typical buys in the 5M > 15M range meaning that only a few people who hit the ask managed to get in at each price point.
See earlier contemporaneous posts for the details.
Throughout the day, those that failed to hit the ask immediately there was an uptick flipped to the bid side unfilled and got left behind. Also, bids were rarely whacked and any undercut ask below a price already started was taken out almost immediately - usually with just one or two buys.
This looks like the same pattern we saw on all surges into the .01>.02 range in 2021. This may involve the significant Public Offering $50K minimum investors or other top traders who have a vested interest in getting $SFLM to the sustained bid above .01 point to qualify for the planned OTCQB uplist.
Overall, 187M shares were traded - mostly at .0010 > .0012.
Finally - after months of pointing it out - people learnt that if they want to get a run going, the first and second asks prices need to be taken out in rapid succession before manipulators get a chance to add asks or make paint downs! Then also prevent bashers / low-level flippers from reloading by outbidding at the top level.
There has been no significant dilution in 2021 or 2022 compared to the volume traded in any period of increase - as explained in the DD (see link below).
The Share Structure was updated on August 19 after the close - there has now been no change - no dilution - to the Unrestricted Outstanding Shares in 76 days.
Latest DD here - updated September 5:
https://investorshangout.com/post/view?id=6465860
Major catalysts ahead in 2022 are:
- Continued excellent revenue growth from the core Jewelry Division.
- Updates on the Metaverse Division - first sales.
- Updates on the NFT Division - approval of 'HoloGlow" patent.
- Updates on Bitcoin activities.
- Acquisitions of other collectibles companies - some already in discussions.
- OTCQB / NASDAQ uplisting or IPO.
- Further steps / share reductions in the Shareholder Protection Initiative.
Watch out for PRs / updates ahead on one or more of the following:
- Further updates on the Metaverse Division.
- Next step in the Shareholder Protection Initiative.
- Excellent Week 34 and Week 35 results and / or revenue so far in Q3.
$SFLM remains my #1 Long-Term Top Profit Pick for the whole of 2022 into 2023 for self-evident reasons in the DD (see link above).
I'll update the Week 36 Revenue so far later tonight.
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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.
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