Trading Summary - July 6. A slightly disappoint
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Posted On: 07/06/2023 4:26:44 PM
Trading Summary - July 6.
A slightly disappointing day for $SFLM as there was only 5.5M left at .0009 at the open - up 1M from the close yesterday - but people failed to hit the ask from orders placed before the open.
As reported here contemporaneously, there was then some outrageous manipulation attempts which included:
- Bashing posts from the usual 2 suspects on the amateur forum - one posting at 2:22am - with the usual already debunked nonsense.
- Fake 10M put at .0012 and fake 19M put at .0009 - both of which were soon cancelled.
- Multiple 10K paintdown attempts at .0008 and then a trade on the bid at .0008 - followed by a walked down ask of 18M at .0008.
All the above duped a few small holders who probably only get in yesterday on the momentum to sell for a probable loss at .0007.
There was also a report on a specialist site that 120M of the 148M traded yesterday was shorted so there could have been some shorting today as well.
Every time somebody undercut the .0008s with mickey mouse amounts up to 4.5M at .0007 they were bought out almost immediately.
At the close, the .0008s were down to 10.5M left - compared to 0 left at .0008 yesterday and 4.5M left at .0009.
So, in summary, despite 57.6M being traded from weak hands to stronger, long-term hands, hardly any damage was done by today's trading. Hod was .0009.
No significant amount could be picked up on the bid at .0006 which was 45M at the peak.
Ahead, I still expect $SFLM to play out as outlined in the Overview - based on detailed observation of what volume was picked up where on the way down from the last run to .02:
- Probably only a few M .0011>.0020
- Then much thinner - a few 100K - . 0021 to the .01>.02 range.
Always watch for a potential gap up to be indicated by MMs before every open - based on pre-open ask buy orders placed by traders who want to add as many shares as possible to their inventory before the .0010+ breakout.
We know that there has been no dilution since the new CEO took over and that the SEC has prohibited any further selling of non-registered shares by the previous CEO.
Share Structure updated July 3 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 247 days.
WY SOS record updated on May 12, 2023 - see Overview for details.
New CEO started updating the Company Profile at otcmarkets.com on June 30, 2023 - see Overview for details.
Latest Overview - updated July 5 - here:
https://investorshangout.com/post/view?id=6593125
Expect further movement up over the days, weeks and months ahead as the new CEO releases details of his acquisition and licensing plans.
It is also anticipated that there will be a name change and ticker change to better align with the new business.
Deep Power, Inc - one of the potential candidates to possibly go public via a reverse merger with $SFLM - resumed updates on its LinkedIn account recently after a gap of several months.
A slightly disappointing day for $SFLM as there was only 5.5M left at .0009 at the open - up 1M from the close yesterday - but people failed to hit the ask from orders placed before the open.
As reported here contemporaneously, there was then some outrageous manipulation attempts which included:
- Bashing posts from the usual 2 suspects on the amateur forum - one posting at 2:22am - with the usual already debunked nonsense.
- Fake 10M put at .0012 and fake 19M put at .0009 - both of which were soon cancelled.
- Multiple 10K paintdown attempts at .0008 and then a trade on the bid at .0008 - followed by a walked down ask of 18M at .0008.
All the above duped a few small holders who probably only get in yesterday on the momentum to sell for a probable loss at .0007.
There was also a report on a specialist site that 120M of the 148M traded yesterday was shorted so there could have been some shorting today as well.
Every time somebody undercut the .0008s with mickey mouse amounts up to 4.5M at .0007 they were bought out almost immediately.
At the close, the .0008s were down to 10.5M left - compared to 0 left at .0008 yesterday and 4.5M left at .0009.
So, in summary, despite 57.6M being traded from weak hands to stronger, long-term hands, hardly any damage was done by today's trading. Hod was .0009.
No significant amount could be picked up on the bid at .0006 which was 45M at the peak.
Ahead, I still expect $SFLM to play out as outlined in the Overview - based on detailed observation of what volume was picked up where on the way down from the last run to .02:
- Probably only a few M .0011>.0020
- Then much thinner - a few 100K - . 0021 to the .01>.02 range.
Always watch for a potential gap up to be indicated by MMs before every open - based on pre-open ask buy orders placed by traders who want to add as many shares as possible to their inventory before the .0010+ breakout.
We know that there has been no dilution since the new CEO took over and that the SEC has prohibited any further selling of non-registered shares by the previous CEO.
Share Structure updated July 3 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 247 days.
WY SOS record updated on May 12, 2023 - see Overview for details.
New CEO started updating the Company Profile at otcmarkets.com on June 30, 2023 - see Overview for details.
Latest Overview - updated July 5 - here:
https://investorshangout.com/post/view?id=6593125
Expect further movement up over the days, weeks and months ahead as the new CEO releases details of his acquisition and licensing plans.
It is also anticipated that there will be a name change and ticker change to better align with the new business.
Deep Power, Inc - one of the potential candidates to possibly go public via a reverse merger with $SFLM - resumed updates on its LinkedIn account recently after a gap of several months.
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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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