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78 18 42 please, thank you.
Yikes that sucks. My bad.
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Thank you
Good point.
I have to admit, the right order rule isn't my favorite but hey, so be it. Congrats to Fla-trader indeed!
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There is no correlation between listed market strength and otc market strength. Two completely different arenas. In truth, the otc marketplace is where investment capital goes to die.
I realize that you've received some less than flattering responses thus far. While it may seem inhospitable, keep in mind that most on this board have dealt with scams and fraudsters of all types for many years. Each one has seen literally thousands of posters lose everything believing in the mythical short seller/MM/basher conspiracy.
It truly is amazing to watch a person dump $300k+ into a stock where you know without a doubt that he'll lose it all. It has happened in the past, it will happen again. Cynicism is the way to survive in OTC land.
Well, a rather simplistic way to look at it is that on many OTC tickers, fresh supply is always hitting market in the form of conversions. When the market is hot, buyers overwhelm those sellers. If those sellers dry up for various reasons, huge runs can occur from depressed levels. People cash out at all levels, people buy at all levels. Say you were insanely lucky and sold the top in one stock, perhaps your next buy is a dud and you lose 25%. Since people rarely hold on to cash, it doesn't take very many trades like that for an account to wipe out even if a few good trades are mixed in. Combine that with toxic supply hitting the market and, you have a scenario where lower prices and wider spreads have to occur. In a perfect world, the toxic guys would only sell what the market could reasonably support. Unfortunately, it doesn't work that way. Even non dilutive tickers experience a chilling effect in total market liquidity drawdowns.
The experienced OTC trader probably won't be a seller at the top as they wouldn't still be in. So, they take money from someone buying in who feels like genius for a while. Perhaps that person cashes out too. If their risk tolerance is high, they will lose it all at some point. Just a question of when.
If they truly believe in everything, they will then deposit fresh funds to buy "cheapies".
I'm not trying to be condescending about this. It's just an unfortunate reality. The OTC relies on believers. When a few stocks make huge runs or a nascent industry is popular, people get sucked in.
The boom is never as strong as it appears while it is occurring. If I could properly play the entirety of the boom sequence, I would. Unfortunately, I have no predictive talents.
The OTC marketplace routinely experiences boom and bust patterns, albeit on an expedited basis.
In the end, the money has to come from somewhere. Since most OTC traders/investors cannot handle holding cash, they buy something else as soon as they sell. Eventually, the note holders and experienced traders sop up the available liquidity. Eventually, the bust pattern commences.
Well, at least this board is active.
I get what the poster is saying. It's easy to look at price action along with the spread and see ghosts.
I was talking about the general market as well.
All you really are seeing is lower $ liquidity due to less money flowing in. It happens all the time. Typically worse after periods where too much flows in.
Everyone here is disproving your theory and, they are right. No conspiracy exists.
However, I think it's helpful to take a different approach. Assume that your theory is spot on. In that case, since the "MM's" and "bashers/naysayers" are all powerful, why take the other side? No reason to invest in a sure loss.
Imo the OTC market is usually weak. Capital inflow waves occur, no real rhyme or reason. Some are short lived, measured in weeks. Others last for many months.
Thank you! Got lucky.
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11 20 42 78 please, thank you.