Trading Summary - July 11. A disappointing day
Post# of 7024
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Posted On: 07/11/2023 4:19:06 PM
Trading Summary - July 11.
A disappointing day for $SFLM with no effective progress.
At the open there was a 6M buy at .0009 from an order placed before the open initially leaving only 4M.
As people failed to hit the ask aggressively enough at the open, 8M was added back on the .0009s making 12M total - still a net 2M less than at the close yesterday (considering the 6M buy)..
Thereafter, there were mostly trades at .0008 - both on the bid and at the ask.
Only 1M could be bought at .0007 on the bid from a paint down attempt and then the .0008s were restarted.
Closed 30M .0007 x 6M left on undercut ask .0008 then probably less at .0009 than last time - perhaps in the 10M > 15M range.
Overall, 23M was traded today - all except 1M at .0008 + .0009.
All the significant trades were covered in earlier contemporaneous posts.
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 ove r and that the SEC has prohibited any further selling of non-registered shares by the previous CEO.
Share Structure updated July 7 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 252 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 disappointing day for $SFLM with no effective progress.
At the open there was a 6M buy at .0009 from an order placed before the open initially leaving only 4M.
As people failed to hit the ask aggressively enough at the open, 8M was added back on the .0009s making 12M total - still a net 2M less than at the close yesterday (considering the 6M buy)..
Thereafter, there were mostly trades at .0008 - both on the bid and at the ask.
Only 1M could be bought at .0007 on the bid from a paint down attempt and then the .0008s were restarted.
Closed 30M .0007 x 6M left on undercut ask .0008 then probably less at .0009 than last time - perhaps in the 10M > 15M range.
Overall, 23M was traded today - all except 1M at .0008 + .0009.
All the significant trades were covered in earlier contemporaneous posts.
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 ove r and that the SEC has prohibited any further selling of non-registered shares by the previous CEO.
Share Structure updated July 7 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 252 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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