Short Summary - December 19. A pivotal day for
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Posted On: 12/19/2023 4:02:00 PM
Short Summary - December 19.
A pivotal day for $SFLM with .0005 ask bought out and .0006 again the only price for anyone wanting to add 10M > 19M to their inventory for trading much higher later as developments play out throughout 2024.
Opened 5.9M left at .0005 x 76M .0004.
Peak bid at .0004 was 78.9M with 5.8M .0005 above that through to the close.
Only 19.4M at .0006 on initial uptick - less than the last time - and only 22.1M at the close - so net less than before despite the .0005s bought over the past few days which are being held for trading much higher later.
Closed 78.9M .0004 + 5.8M .0005 x 22.1M .0006.
Overall, 18.2M was traded - almost all at .0005.
Traders need to note that every 1M sold at .0006 instead of .01 is throwing away $9.4K in profit and throwing away $19.4K 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 7 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 pivotal day for $SFLM with .0005 ask bought out and .0006 again the only price for anyone wanting to add 10M > 19M to their inventory for trading much higher later as developments play out throughout 2024.
Opened 5.9M left at .0005 x 76M .0004.
Peak bid at .0004 was 78.9M with 5.8M .0005 above that through to the close.
Only 19.4M at .0006 on initial uptick - less than the last time - and only 22.1M at the close - so net less than before despite the .0005s bought over the past few days which are being held for trading much higher later.
Closed 78.9M .0004 + 5.8M .0005 x 22.1M .0006.
Overall, 18.2M was traded - almost all at .0005.
Traders need to note that every 1M sold at .0006 instead of .01 is throwing away $9.4K in profit and throwing away $19.4K 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 7 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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