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There's like 10 of us left with money in this company. Which one of you was it?!?!
You buy in feb?
Wait what? You bought 400k shares, sold them and what exactly happened?
Sorry - didn't mean that you don't. Only that I have found that patience is the only way I've made money in this place. Cutting your loses short and not getting emotionally attached to a stock, those are both great advice for higher capped stocks. Penny stocks are just a battle with the share owners, aka the MMs. And to me, the best way to beat them is to hold while they play their games. If they can't make money off of us by driving the price down ya best believe they'll catch on real quick and move it right back up. I don't use stop loss orders because the pps is rarely reflective of the intrinsic value of the stock. MMs will bring it down just to trigger people's sells, buy shares and watch go right back up. Tomorrow will hopefully be a trend reversal. Then again, I thought it'd be today so I guess we'll jus have to see
Would you mind contacting whomever it was you spoke to and see if you can get some closure on the issue? This is very interesting - for better or for worse.
Because of a bad week? You're in otc land. If you can't handle drops keep your money elsewhere. If you wanna make a quick buck you're better off shorting. Some of the otc stocks do uptrend but even then, the dips are usually more common than the rises. When they do rise though hot damn, they go hard and fast. So the trick - find a company you believe in, buy in and wait. And wait. And wait. And wait some more. If ya can't do that, blue chip tech stocks are up twenty somethin percent this year, why not invest in ibm or Samsung?
I'm in the same boat. Not going anywhere til I've doubled my buy in. Not worried a bit - so long as the company doesn't go under all will be fine in the long run
Come onnnnnn
Also extremely confused - keogh vs otiko in google and go to first result if link isn't working for you. Then scroll down to the bottom.
Nope, redirects me to the pacemaker login page
Would love to see that link but gotta be a member to view it
Kind of vague but at least he contacted you back. Thanks for sharing
I second this. I've done this with owcp and with the other mj bio comps. It's the only reason I've turned a profit and survived in such a volatile and unpredictable sector. It could take a year or more before it doubles your original investment but it will totally be worth it. Once your riding the wave with no possibility of drowning all the stress goes away. If you believe in the company hold long and strong!
MMs tryin to make that $. They short when news drops - why? Cause nothin breaks an investors faith more than news having a negative impact on a much loved stock. Most penny stock investors tell themselves "when news hits, the stock will skyrocket". So when it moves down rather than up, investors crumble and fold. The news was what they've been waiting for and if news can't even help this stock, why bother staying in? And in come the MMs to buy up cheapie shares, covering their short and buying on the news.
I'm holdin but ain't nothin wrong with sellin and waiting for the MMs to make their move and then buyin back behind them. Impossible to determine when it'll happen though and it could very well happen in seconds..so to me, it makes more sense to hold. To each his own though!
Ja, me too. MMs play on momentum, day traders, news, even technical analysis, anything that they can use to manipulate folk for a profit. Fortunately, they don't account for longs when manipulating stock price. They operate under the premise that investors don't go long on penny stocks. In fact, they detest longs because they can't make money off of them. only way to survive in the otc is by holding long. We'll be fine - the company is solid. The longer ya wait, the more ya make if ya ask me. Gl to us both
Yo zomb, I'm just a peasant with no private messaging rights so I can't message ya back but thanks for intel on stock from a week or so ago. Will definitely look into it
This always happens to penny stocks with good news. The MM's put up big walls to drive price down. Then, they use the panic sold shares to buy before the effects of the news actually materialize. We'll be fine, just hold strong. Keep in mind, they own all the shares so they can play with them as they see fit. They want to make money too. So they're going to do everything they can to make the stock appear weak so they can reap the rewards. It's impossible to say one way or another but I think we will see some big gains by the end of the week.
No I simply meant the fluctuations in trades. The surge of volume accompanied by speed trades - ain't seen it happen with owcp in a while was all I was gettin. And it's awesome! Great sign for the rest o the week
Owcp runnin wild!
Bid ask disparity suspicious as fuck. Strange day to be selling if ya ask me
I listened to ya and appreciated the input when I asked about your take on the dilution initially. I think the consensus on vdr* is that come august on hell will break lose. And so many are looking to get out in July. I plan on getting out at the end of this month if a good exit presents itself.
Owcp is a whole different ballpark. I plan on holding owcp til the company goes under or I'm a millionaire, whichever happens first ; )
From the Momo sticky:
PER IR " In the last month there were 10 million shares issued as a result of a convertible note. There are no more issuance is expected until another note comes due beginning in either September or October and it will be staggered for a couple months. So no more issuance of shares until the fall
What is your take on this Zomby?
Me too only not quite so much. Took a chunk of my the cash I saved up in the military and distributed between the 3. Don't need the money so I just got me fingers crossed. I'm expecting all 3 to crash and burn but hoping at least one becomes the next gw ; )
Gl to you and me both
Lol why not just invest in both? That's what I'm doing. Vdrm/owcp/endv - turn your computer off and come check in every quarter to make sure you haven't lost everything ; )
Yeah but it's been wayyyyy oversold for a good week now. I'm surprised it hasn't moved up yet.
Yo cherry I feel for you and am sorry you're having to deal with that.
I live in Mississippi and was excited to hear about what I assumed was genuine progress in Florida. Mississippi has a decriminalized policy but geographically we are isolated by outlook-no-so good states (aside from Arkansas) with no near future inclination toward legalization. When I heard Florida was hopping on board the common sense train I was hopeful that it might spread westward but the last thing I want is a policy that mirrors the one you are dealing with.
Thanks for putting the Florida situation into perspective.
Marioooooooooo!!!!! Posted this last night but you no comment? Tell me what this means to you: I need your invaluable expertise!
OWC Pharmaceutical Research Corp (OWCP)’s Williams Percent Range or 14 day Williams %R is sitting at -95.6. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 37.58, the 7-day stands at 27.73, and the 3-day is sitting at 10.48.
If anybody with a proficient technical analysis understanding wants to give a go at explaining what that article I just posted means for owcp by all means I'd love to hear your input.
What I got out of it was:
A). Owcp is not following any particular trend, up or down.
B). At the moment owcp is extremely oversold which is a great sign for us bullish folk
C). This part is tricky - while we are above the 200 day MA we are below the 50 day MA. Considering owcp didn't really gain prominence until Januaryish of this year, this particular analysis seems a little irrelevant.
I'm not a technical analysis guy so any corrections or further interpretation would be appreciated.
Found this article in an app and because there is no link to forward enjoy the copy and pasted edition:
Equity Watch: Looking at Shares of OWC Pharmaceutical Research Corp (OWCP)
May 11, 2017 Lester Williams
The 14-day ADX for OWC Pharmaceutical Research Corp (OWCP) is currently 11.71. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line.
OWC Pharmaceutical Research Corp (OWCP)’s Williams Percent Range or 14 day Williams %R is sitting at -95.6. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 37.58, the 7-day stands at 27.73, and the 3-day is sitting at 10.48.
Taking a look at another technical level, OWC Pharmaceutical Research Corp (OWCP) presently has a 14-day Commodity Channel Index (CCI) of -130.66. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 0.48 and the 50-day is 1.07.
Ohhhhhhhh duh. Me stupid. Thanks that was what I thought I was looking at, I get the distinction between short volume and interest now and understand how simply posting the volume could be hella misleading. Now we on the same page!
Otc short report
Short Volume % of Vol Shorted
May 12 0.027 0.028 0.025 3,376,151 1,413,974 41.88%
Finra
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20170512|VDRM|1413974|0|3376151|O
Looks like short volume is the same. Does finra use the same data aka mm buys/sells with short intent only to fill trade as part of volume indicator?
http://regsho.finra.org/regsho-Index.html
Thank you - could not have answered my question any better. Makes sense now - I appreciate your time in writing this up.
I was trying to get verification on how the otcshortreport actually gathers its data the other day. Do they simply account for all cash traded via margin account as being shorted? Seems like an impossible task as it would be impossible to distinguish between shorts and longs. I've never shorted a stock before so maybe I'm just missing something. Any info would be swell !
The first thing Mario has ever said that I agree with. I also believe shorting should be legal for the reasons you provided. It also provides an incentive for a business not to suck XD
Haha I invested a lil bit a while back and have no plans of selling any time soon. We will see. Rooting for it though
I glows presence here is a great thing. Whenever he shows up on a board and bad mouths the stock within weeks the pps skyrockets. I finally feel good about adfs ; )
Haha thanks good answer.
Glad to see you here! You always give solid input on the owcp board. I've been watching this stock for months (since my first investment back in feb) and finally bought in at .0145.
Anyway, gl to you! If the stock does too well you know Mario gonna show up. Just listen to his advice and we'll all do alright ; )
Oh, another question - how reliable to you is the most recent sticky about no dilution til September? Seems that the stock has skyrocketed since then but I'm not sure if there is any correlation. Have you ever seen a company issue a similar stance and was there a similar reaction?
Do you know how they compile the data for the short report? Never shorted a stock before so bare with me - my question is more focused towards the "when" a share is considered shorted. For instance, bvtk according to that report has 127,000,000 shares shorted today. So would that mean anytime something was sold via borrowed funds on a margin account it is considered short? Because If that is the case does the short report assume that all borrowed shares that are sold are "short"? Never had a margin account but I imagine you can borrow money to go long as well. How would they distinguish between the two?
Tried googling this and couldn't find any info. It's possible I just have the wrong idea of how shorting works in general. Any advice/answer would be appreciated.
Disclosure - no plans to short. My question is because I believe the report could be severely flawed if the buying and selling are given equal weight via a margin account in the report.
Hope that made sense, any input appreciated
Good question. No idea. If you had a limit order set it triggers at best possible price so long as it isn't below your order. So if bought out and immediately moved to 1$ I would think it would execute as a 1$ sell order. If anybody knows the answer I'd be happy to hear. Never had any of my stocks bought out