Trading Summary - July 18. A disappointing day
Post# of 7024
(Total Views: 102)
Posted On: 07/18/2023 4:12:56 PM
Trading Summary - July 18.
A disappointing day for $SFLM as - yet again - people failed to hit the ask at .0008 to get the .0009s back up - and so more impatient people traded on the bid and the undercut ask at .0007.
All significant trades were reported contemporaneously in earlier posts.
In summary:
- 66.3M traded - of which 6.47M was at .0007 & the remaining 59.9M at .0006.
- Despite 59.9M being bought on the bid at .0006, there was only 17M on the ask at .0007 at the close - showing that most that bought added them to their inventory for trading much higher later.
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 - and cancel any left over asks under the gap up price.
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 7 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 259 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 as - yet again - people failed to hit the ask at .0008 to get the .0009s back up - and so more impatient people traded on the bid and the undercut ask at .0007.
All significant trades were reported contemporaneously in earlier posts.
In summary:
- 66.3M traded - of which 6.47M was at .0007 & the remaining 59.9M at .0006.
- Despite 59.9M being bought on the bid at .0006, there was only 17M on the ask at .0007 at the close - showing that most that bought added them to their inventory for trading much higher later.
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 - and cancel any left over asks under the gap up price.
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 7 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 259 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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