Trading Summary - August 28. Although a satisfa
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Posted On: 08/28/2023 4:17:16 PM
Trading Summary - August 28.
Although a satisfactory status quo day - closing at .0011 when it had been painted down at .0011 in the closing seconds on August 25 - it was nevertheless a little disappointing given the huge interest.
At the open, the 3M that had been walked down to .0012 after the close on August 25 was partly cancelled, the remainder taken out and the .0013s started.
When people failed to hit the ask aggressively enough, MMs walked the ask down to .0011 and either some small holders were duped into trading on the bid at .0010 or it was shorted - which is a possibility as coincidentally 4 x bashers with duplicate aliases (very few posts in 11-14 years) turned up on an amateur forum.
Peak bid at .0010 was ramped up to 37M of which at least 13M was used to take out walked down asks at .0011.
24M bid at .0010 remained unfilled for several hours through to the close.
On several occasions, the .0012s were back up with varying amounts between 17M > 0 there.
At the close, there was 2.2M left at .0011 and about 10M at .0012.
Overall, 91M shares were traded between low-level profit takers - and impatient losers - and longs adding to their inventory - .0010 > .0013 - the majority at .0011.
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.
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 August 22 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 300 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 with multiple further updates on August 23, 2023.
Overview - updated August 27 - here:
https://investorshangout.com/post/view?id=6612706
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
Although a satisfactory status quo day - closing at .0011 when it had been painted down at .0011 in the closing seconds on August 25 - it was nevertheless a little disappointing given the huge interest.
At the open, the 3M that had been walked down to .0012 after the close on August 25 was partly cancelled, the remainder taken out and the .0013s started.
When people failed to hit the ask aggressively enough, MMs walked the ask down to .0011 and either some small holders were duped into trading on the bid at .0010 or it was shorted - which is a possibility as coincidentally 4 x bashers with duplicate aliases (very few posts in 11-14 years) turned up on an amateur forum.
Peak bid at .0010 was ramped up to 37M of which at least 13M was used to take out walked down asks at .0011.
24M bid at .0010 remained unfilled for several hours through to the close.
On several occasions, the .0012s were back up with varying amounts between 17M > 0 there.
At the close, there was 2.2M left at .0011 and about 10M at .0012.
Overall, 91M shares were traded between low-level profit takers - and impatient losers - and longs adding to their inventory - .0010 > .0013 - the majority at .0011.
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.
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 August 22 - again no change - no dilution.
There has now been no change / dilution of the Unrestricted Outstanding shares for 300 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 with multiple further updates on August 23, 2023.
Overview - updated August 27 - here:
https://investorshangout.com/post/view?id=6612706
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.