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Alias Born | 09/27/2011 |
Sunday, February 26, 2017 1:19:18 PM
I started accumulating OWCP in early October when the SP was under 4 cents ..... and wish I had more ..... but see no need to get greedy .....
I have been involved with cannabis-hemp OTC penny-plays since 2009 and have held some big runners ...... especially from first quarter of 2014 ..... I have thousands of hours of accumulated research time into evaluating the sector ..... and recall MDBX running from 2.25 per share to beyond $200 per share in a very short period of time ...... and they had very little going ..... but a low float ..... much like OWCP .... Yes ..... MDBX proved to be a "scam" and paid the price in many ways ..... But that is far from the case with OWCP .....
I consider OWCP the top long-term prospect I have encountered to date ..... after nine years of investing ..... for a multitude of sound reasons ..... which most investors following this board understand .....
What seems prudent would be holding OWCP long-term future ..... Something like having a trust fund for life ..... I understand the seductive aspect of short-term trading though feel it is a "trojan horse" promoted by the FED ..... I see all day-traders and short term players as "federal employees" ..... as long as 25% of the profits get raked off the top in the form of short-term capital gains taxes ..... I see no credible argument to counter this perception ..... The FED wants to empower day-trading and should be content with such handsome profit for doing nothing whatsoever except consuming their slice of the pie .... Each time a person "flips" the cost basis will increase with a high demand ticker like OWCP and one builds toward higher tax issues ..... which can become burdensome ..... Is making a small gain worth taking the risk ? .... I say in the case of OWCP .... My answer would be NO !!!
This is why I do not recommend flipping a solid play like OWCP .....
Obviously ..... I have been following this board for several months .....
Best Wishes
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