Short Summary - October 20. Another wasted day
Post# of 7023
(Total Views: 81)
Posted On: 10/20/2023 4:10:16 PM
Short Summary - October 20.
Another wasted day on $SFLM due to low-level flipper clowns impeding upward progress all day.
Gapped up at .0023 at the open.
Thereafter undercut asks at .0022 - followed by bid whacks and further walked down asks to .0019 enabled a small amount to be bought on the bid at .0018.
In the closing minutes, .0019 was taken out and . 0020 started with 4 69K left.
Overall, just under 53M was traded - changing hands from profit takers to buyers for the next leg towards .01 > .02 range.
We are in fact better off without those who flipped today as their shares are now in the hands of more astute traders.
Once we get the .0030+ break, the serious traders of $SFLM - those with 25M > 50M+ shares - should be able to get momentum going and by continually outbidding stopping low level flip people from getting back in.
Traders need to note that every 1M sold at .0020 instead of .01 is throwing away $8K in profit and throwing away $18K at .02!
The share structure was updated on September 12 - again with no change.
There has now been no change to the Unrestricted O/S in 353 days - thereby showing that there has been no conversion of the s hares owned by the CEO of Deep Power, Inc which - IMO - he will either keep to trade much higher once the $SFLM deals are done or $SFLM will buy the debt back before interest is due in June 2024.
Latest Overview here - updated October 19, 2023:
https://investorshangout.com/post/view?id=6634688
Watch out for possible upgrade to OTC Pink Current before every open going forward - particularly now that the Attorney Opinion Letter has been filed.
Another wasted day on $SFLM due to low-level flipper clowns impeding upward progress all day.
Gapped up at .0023 at the open.
Thereafter undercut asks at .0022 - followed by bid whacks and further walked down asks to .0019 enabled a small amount to be bought on the bid at .0018.
In the closing minutes, .0019 was taken out and . 0020 started with 4 69K left.
Overall, just under 53M was traded - changing hands from profit takers to buyers for the next leg towards .01 > .02 range.
We are in fact better off without those who flipped today as their shares are now in the hands of more astute traders.
Once we get the .0030+ break, the serious traders of $SFLM - those with 25M > 50M+ shares - should be able to get momentum going and by continually outbidding stopping low level flip people from getting back in.
Traders need to note that every 1M sold at .0020 instead of .01 is throwing away $8K in profit and throwing away $18K at .02!
The share structure was updated on September 12 - again with no change.
There has now been no change to the Unrestricted O/S in 353 days - thereby showing that there has been no conversion of the s hares owned by the CEO of Deep Power, Inc which - IMO - he will either keep to trade much higher once the $SFLM deals are done or $SFLM will buy the debt back before interest is due in June 2024.
Latest Overview here - updated October 19, 2023:
https://investorshangout.com/post/view?id=6634688
Watch out for possible upgrade to OTC Pink Current before every open going forward - particularly now that the Attorney Opinion Letter has been filed.
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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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