Short Summary - January 2. A more than satisfac
Post# of 7024
A more than satisfactory status quo day for $SFLM with the small walked down ask at .0004 taken out, a reduced ask available of 25M at .0005 and the unused bid increased to $70K + at .0003 + .0004.
Key points today:
- Opened with 125K on a walked down ask from MMs CDEL and OTCN.
- After about early buys of 2M + 500K at .0004 there were then a series of holdback attempts where precisely 10 x small trades per minute went through several times without the ask counting down.
- After an overwhelming 4M buy set at .0004 - it would have been better if it had been set at .0005 - MM CDEL folded and MM OTCN moved all the way up to .0026. The balance of 3.7M went to the bid at .0004.
- Peak bid was 234.6M at .0003 + 3.7M at .0004 - $71K+ - almost all of which which remained in place unused at the close.
- Upon uptick to .0005 at 11:30:01, there was only 25.3M left at .0005 - the CDEL amount having been reduced by 6M since last time and no change on other MMs - despite an additional 8.6M being bought at .0004 today - all of which is being kept for trading much higher later.
- Overall, 8.6M traded - almost all at .0004.
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 10 Billion > 50 Billion on each update - which is why $SFLM is still very "thin" by comparison.
List of traders on $SFLM as at December 24, 2023 here:
https://investorshangout.com/post/view?id=6656907
Latest Overview - updated December 22, 2023 - here:
https://investorshangout.com/post/view?id=6656729
IMO we may well see those who secured the bulk of .0004s + .0005s getting a move going anytime now.
Here's just one example of a significant chartist trader with a new room and membership of 903 already in a few days who likes current prices as a bottom entry and also noted the recent run of 480% in October 2023:
https://twitter.com/Hannahadad8890/status/173...7550687493
SFLMaven, Inc. (SFLM) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.