Short Summary - October 27. A satisfactory stat
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Posted On: 10/27/2022 4:04:41 PM
Short Summary - October 27.
A satisfactory status quo day at .0004 x .0005 - especially considering the majority of the OTC was quiet with many traders put off by losing money continually on the high dilution 10 Billion to 500 Billion O/S tickers and taking a break.
With people failing to hit the ask aggressively at .0005 at the open, there was just 442K traded from 8 insignificant paint down attempts as small as 6,200 shares.
The ask at .0005 was stacked to 50M again - in stages from 18M initially.
Latest DD updated October 23:
https://investorshangout.com/post/view?id=6488563
2022 Revenue for Weeks 1-42 is now $9.549M [before any returns / voided sales]
2022 will easily beat 2021 which was $10.001M.
2022 Q3 was $3.166M in 13 weeks.
2022 Q4 - usually the best Q with Christmas buying - is already $0.635M in 3 weeks with 10 weeks still to go.
Week 43 is off to a good start - despite a smaller inventory being offered - with more potential bidding war items already into the $2,000 > $4,000 range than usual and a large number of items already $750 > $1000 (rather than $500 as is usual for a Tuesday). Also, a "Buy It Now" item went last night for $8,999.
I'll update Week 43 later tonight after the auction closes.
A satisfactory status quo day at .0004 x .0005 - especially considering the majority of the OTC was quiet with many traders put off by losing money continually on the high dilution 10 Billion to 500 Billion O/S tickers and taking a break.
With people failing to hit the ask aggressively at .0005 at the open, there was just 442K traded from 8 insignificant paint down attempts as small as 6,200 shares.
The ask at .0005 was stacked to 50M again - in stages from 18M initially.
Latest DD updated October 23:
https://investorshangout.com/post/view?id=6488563
2022 Revenue for Weeks 1-42 is now $9.549M [before any returns / voided sales]
2022 will easily beat 2021 which was $10.001M.
2022 Q3 was $3.166M in 13 weeks.
2022 Q4 - usually the best Q with Christmas buying - is already $0.635M in 3 weeks with 10 weeks still to go.
Week 43 is off to a good start - despite a smaller inventory being offered - with more potential bidding war items already into the $2,000 > $4,000 range than usual and a large number of items already $750 > $1000 (rather than $500 as is usual for a Tuesday). Also, a "Buy It Now" item went last night for $8,999.
I'll update Week 43 later tonight after 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.
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