Good to see you here feralbadger. I take it you had a bid in for $.0432. I have on several occasions posted why you shouldn't put in low bids on an OTC stock you want to own and you did prove why that is. As you said, your low bid wiped out the days gains in the final 2 minutes of trading today and changed the momentum. I always buy at the ask for the simple reason that I want to buy an OTC stock with upward momentum and not one I am tempting lower with a bid to try and save a few bucks.
There has been much written about this, but I won't go into all of it. Let's just hope we get good news tomorrow and that this EOD action won't come into play tomorrow morning. Just remember, if you want to own a stock at a certain price, wait until the ask is at what you want to pay and if you get a partial fill, jump your price to the new higher ask. It is the single best thing a trader/investor can do to start or continue an upward trend. Nobody wants to buy a stock moving downward, yet so many folks do just that by putting in low bids to tempt the pps lower to start a downward trend, like how we ended the day today.
Now to be clear, this isn't always the case, but in the vast majority, it does play a big role. I had this taught to me a few years back and I can honestly tell you, it changed how I bought stocks ever since and it has had a very positive impact, regardless if I was investing or trading. Anyways I just wanted to share that with you and hopefully you understand the concept.
As for Inergetics, based upon what I know, I think they will not only go back up to visit the thirties, but they will surpass it, if they can bring this all together and get these CBD products out to market. Right now they have to get their finances in order and that is what we wait on right now. Cheers!
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