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$FTRK - BULLISH CHART
$FTRK - Bullish reversal from oversold territory, only .05 away from 52-week high, RSI curling up w/a TON of room. Moody/DeNunzio R/M w/90 milly float, news coming any time now $WBBA $CPSL $NXMH $AMC $KATX $ENZC $CHSO pic.twitter.com/99CCJncon0
— Vita Nova Stocks (@VitaNovaStocks) July 23, 2021
We don’t even know who is moving into $FTRK yet, once they reveal themselves, and release more information then we’ll all know more. You have to play each of these as their own,
First, thanks to Papalaka for confirming my speculation that NXMH peaked right after "the financials came out," which I assume means right after information was released about the company that had moved into the 'shell.' (This stuff is all new to me.) And now I'm looking at what Chris9220 said about TSNP. I didn't find this stock mentioned on the DeNunzio website as one they had previously been involved with. But I did manage to find a chart, and the fact that it had a name change to Humbl Inc. (HMBL) on Feb 26. There was a sudden big run-up from Feb 1 to Feb 8 resulting in the peak of "almost $2" Chris mentioned. So I tend to guess that this had been a SPAC, and that "the financials" Papalaka mentions came out on Feb 1st.
So from the examples I've seen so far, it looks like most SPACs peak within a few days after people see "the financials" and learn something about what sort of company moved into the shell. Then they usually trend down. Can anyone show me an example of a SPAC that actually continues the trend upward, because this new company looks like a genuinely good investment? I'd really love to see that.
So as long as an OTC is Pink Current , you will be able to BUY and Sell Them.....Heard someone say , might not be able to BUY some ONLY SELL....after the 13 of AUG.21.......Seems things just might get really crazy few weeks here, with all the other sub None Current plays......I only hold 2 Current Pinks .For Now.....I want to see what happens after the dust settles....CPS% is looking primed. For a good company to move in....Like FTRK, Not in...Goff a few....
Not worried. DM does it right to protect shareholder value. Their shells are either pink current or should be pink current by the deadline. I am not sure about status on CHSO, very thinly traded, super low float shell with no status updates in a while. But knowing Denunzio, they are going to protect shareholder value. If they were to get CHSO pink current after the deadline, investors who still held the stock prior to the deadline would most likely benefit, as their would be a big demand for the stock once it does become pink current. IMO. I am going to email denunzio and see if I can get info on what they plan to do with CHSO. They may not give me the exact info I want, but they usually respond. Will post update.
Are you at all worried about any of DMs plays , after Aug 13 , as to being able to Buy / Sell.... the OTC as we know it will forever be different, Right ? Only current will be able to trade.?
Good points. The OTC market is different than it was 11 months ago. There was a lot more euphoria, fomo and speculative fever in the otc market. However, we have a great situation here. All depends on the merger candidate, their market cap; are they nasdaq potential. DM has a track record of delivering these types of candidates. I can’t think of any better place on the otc market than to invest with DM. But, no matter how great the story line, or how sexy the merging industry is, you definitely have to have an exit strategy. This the OTC. Realized percentage gains matter. Depending on how big the story line is, and the position and capability of the the incoming company, you may have to let some money ride. A lot of early investors with millions of shares did not fully capitalize on TSNP, and missed the big run to almost $2. The story lines and incoming volume were still driving this stock. But early investors still had had a great return if they got in early. Selling at fundamental, technical, and percentage return points are key. Investor sentiment is key. It’s never a profit until you take it.
What I said was this a great time to get in if you are not already in, because we are at a higher low point on the chart, in an uptrend. A lot of new investors are losing money on the pullbacks, getting spooked, and failing to get back in. Great points and observations all. Great DD all. Let’s make this money.
Actially, you want to be in before financials are released. Once financials were released, $NXMH hit $14. Next in line is $WBBA, then $FTRK
Chris9220 said, "Great time to get in this stock and cpsl, the other DM ticker." Well--actually the really GREAT time to get into this stock or CPSL (meaning the forerunners) would have been last November or before. Sorry to be such a killjoy. But since I already have a lot of FTRK, the question that most bothers me is "How will I know the best time to sell?"
For example, NXMH (Next Meats) was another DM shell before it became a real business. And it peaked at 13.0 near the end of January. So I'm guessing (but don't know) that that happened right after the transition to become a real business. And NXMH held up reasonably well through February. But since then it's been trending down. Clearly, the best time to sell was over by March 1st--unless a stock trader had some reason for believing that NXMH would eventually grow to become a thriving business, and held on for that reason.
Only 90 million shares. If they come out of the gate, swinging with a great candidate, we will have a nice run. Either way, should be a good one. Denunzio selects legitimate, well capitalized merging candidates.
Merger news primed for any day now. If it’s anything like Moody and Denunzio’s previous mergers it’ll run hard
Coming off the higher low point on the chart as I indicated in previous post. Uptrend in tact. Great time to get in this stock and cpsl, the other DM ticker. Similar trading pattern. $$$
Niceee moves today so far.....get them FTRK$$
$FTRK primed for takeoff!
$FTRK - Bullish Chart, next Moody/DeNunzio custodio looks primed for an upward move here, she’ll move quick with a 90 million float! $CPSL $NXMH $CHSO $WBBA pic.twitter.com/q04PDKsV0h
— Vita Nova Stocks (@VitaNovaStocks) July 22, 2021
Continuing to consolidate y’all. Load up in this range if you are not in IMO.
The float can be found here:
https://www.otcmarkets.com/stock/FTRK/security
New to this, only found out about this because I had Seny for many years.
Do you do any DD at all?
Amazing chart for past 6 months with the higher lows and higher highs, all the while in an upward trajectory. Typical chart pattern for a quality rm stock IMO. We are at the higher low point which is probably the last great buying opportunity IMO. Not sure where all the selling pressure came from starting around July 1st with where we are in the process—-great custodian with great track record of producing high quality, revenue generating candidates— and a good SS. But we know the game —peaks and valleys between the filings. BSPI, the last Denunzio merger, had a very similar chart pattern with the same technical and fundamental elements. Take advantage of this pull back IMO.
Agreed. Holding real well around that 50 too.
Perfect time to be loading
This is true. I’m super bullish here. The last update on their website was June 8th. I’m ready to see the merger, but it could be another month or two we just don’t know.
“FOR THE QUARTERLY PERIOD ENDED MAY 31, 2021” - it is now mid-July
Straight from the 10-Q
“The Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made no efforts thus far to identify a possible business combination with an active operating company. As a result, the Company has not conducted negotiations or entered into a letter of intent concerning any target business.”
Exaclty, dude has no clue what he’s saying
Why would they terminate custodianship if they haven't sold the shell.They wouldn't be able to do any filings after termination,and would thereby risk loosing the shell.
You disagree, why?
That's what happened with BSPI/WBBA.
It went pink current, custodianship was terminated. 10Q was filed. Then right after, 8K showing WBBA taking over.
Cant wait, lol will wait
Should know the new company that’s taking over anytime now
Disagree but that would be cool and hope so
Custodianship has been terminated,which means that the company is already sold.
Could be tomorrow could be December
Do you know when they went pink current. Is it usually 30-60 days from pink current update that Denunzio usually starts ticker change process. Thanks..
Hovering the 50 MA all is good.
I'm expecting announcement of new merge in company anytime between now and August 5th
Stock is pulling back and drifting just like bspi did, right before the blast off. I think stock is pink current. Final ticker change info should be forthcoming, and will stabilize the stock before the upward surge starts IMO. High percentage gains coming. The trick always seems to be to load up on the pullback that always seems to occur between the pink current fling and the ticker change announcement. Or, conservatively, load up when the positive sentiment shift starts with the actual confirmation of the ticker change. Denunzio usually delivers. Good SS.
Trading beautifully, really. Fantastic chart.
Consolidating nicely with sideways action after the big dip recently. I added to my shares. Expecting good merger. Hopefully not too much downside action.
May be time to load up the truck to maximize gains if you are not already in. These stocks always seem to decline after the custodianship is terminated, because of time interval, giving investors one last chance to load the truck to maximize returns. Price stabilization and Fomo will kick in once the merging entity is revealed soon IMO.
I believe that we'll hear something by end of month.Over 30 days since termination of custodianship.
Agreed; once the merging entity is revealed, and ticker change process starts, we get a major move north IMO.
or nothing is happening here and people getting bored with the shares... when news comes along this will move greatly.
Typical pullback before the explosion north... will shake out the weak hands between the last filings coming soon. BSPI did the same thing. Went on a final dip and consolidation after the merger termination occurred, This was actually the last great buying opportunity for BSPI. FTRK will follow same price path IMO. Temp pull back, then File pink current update, then merger news; Then big percentage move north.
Beautiful cup n handle forming here.Patience will payoff bigly!
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