Short Summary - December 18. A more than satisf
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Posted On: 12/18/2023 4:05:06 PM
Short Summary - December 18.
A more than satisfactory status quo day for $SFLM with .0005 ask for anyone wanting to add 5M > 18M to their inventory for trading much higher later as developments play out throughout 2024.
Opened 73.7M .0004 x 14.9M left at .0005 after 2 x buys at .0005 for 225K + 900K from orders placed begore the open
Thereafter, 10.5M was bought on the ask at .0005.
Only 1.1M could be bought on the bid at .0004 from 5 x paint downs as small as 10K shares.
The bid was topped up to a peak of 83.4M and 83.3M remained at the close - 10.4M up on the open.
By the close, there was only 6.9M left at .0005 and anyone wanting more would need to pay .0006.
Closed 83.3M .0004 x 6.9M .0005.
Overall, 11.6M was traded - all except 1.1M on the ask at .0005.
Traders need to note that every 1M sold at .0005 instead of .01 is throwing away $9.5K in profit and throwing away $19.5K at .02!
The share structure was updated on December 12 - after no change for 405 days, an insignificant 112M was added to the Unrestricted Outstanding Shares. For context, 208M shares were traded in the period between the previous update on November 27 and December 12 - 185% of the increase. Some OTC tickers are adding 5 Billion on each update - which is why $SFLM is still very "thin" by comparison.
List of traders on $SFLM as at December 17, 2023 here:
https://investorshangout.com/post/view?id=6654631
Latest Overview - updated December 3, 2023 - here:
https://investorshangout.com/post/view?id=6649347
There are now only 8 more trading days left in 2023 to get through during which impatient people who haven't bought any in the last 30 days might sell for a tax loss (the loss won't count if they bought within the last 30 days) and they would be foolish to do that as they then couldn't buy back within 30 days without losing the loss.
A more than satisfactory status quo day for $SFLM with .0005 ask for anyone wanting to add 5M > 18M to their inventory for trading much higher later as developments play out throughout 2024.
Opened 73.7M .0004 x 14.9M left at .0005 after 2 x buys at .0005 for 225K + 900K from orders placed begore the open
Thereafter, 10.5M was bought on the ask at .0005.
Only 1.1M could be bought on the bid at .0004 from 5 x paint downs as small as 10K shares.
The bid was topped up to a peak of 83.4M and 83.3M remained at the close - 10.4M up on the open.
By the close, there was only 6.9M left at .0005 and anyone wanting more would need to pay .0006.
Closed 83.3M .0004 x 6.9M .0005.
Overall, 11.6M was traded - all except 1.1M on the ask at .0005.
Traders need to note that every 1M sold at .0005 instead of .01 is throwing away $9.5K in profit and throwing away $19.5K at .02!
The share structure was updated on December 12 - after no change for 405 days, an insignificant 112M was added to the Unrestricted Outstanding Shares. For context, 208M shares were traded in the period between the previous update on November 27 and December 12 - 185% of the increase. Some OTC tickers are adding 5 Billion on each update - which is why $SFLM is still very "thin" by comparison.
List of traders on $SFLM as at December 17, 2023 here:
https://investorshangout.com/post/view?id=6654631
Latest Overview - updated December 3, 2023 - here:
https://investorshangout.com/post/view?id=6649347
There are now only 8 more trading days left in 2023 to get through during which impatient people who haven't bought any in the last 30 days might sell for a tax loss (the loss won't count if they bought within the last 30 days) and they would be foolish to do that as they then couldn't buy back within 30 days without losing the loss.
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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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