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Agreed
We should start seeing a slow climb
Selling is way overdone
That's assuming higher end of sales.
I thought the range of sale based on research was ~$4M to $14M.
If you assume $4M sales with X5 sale ratio with 1B shares at the end of dilution, that translates to 2 cent. So it could be anywhere from 2 to 7 cents. We need to be cognizant of the total OS.
Number one problem with penny stocks is CEOs tend to issue shares as free money.
I've been looking for an entry point to buy back OZSC but this dilution is regrettable. Number one issue with penny stocks.
This is why the small run halted and we're back down.
If my memory serves me correct, we were at ~256M and now we're at 583M
https://www.otcmarkets.com/stock/OZSC/security
And we are not done with debt conversion.
Until we have the following information, this is a trade not a hold IMO
If these are favorable, this can run
- Total outstanding shares after debt conversion
- Whether there will be a reverse stock split
- Disclosed total revenue and profit for PCTI
- Official RM completion
We have a rough idea/guess but we don't have confirmation
TLSS today took a dumping because of their planned reverse split and huge dilution (~11M shares to ~300M shares).
CRSM followed California Rideshare Drivers United on Twitter couple of days ago. May indicate CA expansion plans.
Would make sense as they hired Bradley Jacobs Chief Strategy Officer based out of San Francisco last year with eye to expand into CA.
https://finance.yahoo.com/news/carsmartt-announces-company-cso-232531253.html
This is a COVID-19 Play with YouSmartt
Investors are finally catching on/catching up as market is forward looking.
Most of house call and delivery services have already gone up.
With YourSmartt right around the corner, likely explains the stock movement. It is no longer just a ride sharing company.
If company released a PR next week this could test the previous high in 2019. They have not released an official PR in ages.
We know the company is back in office and YouSmartt is around the corner.
House delivery services companies are on fire right now due to COVID-19.
Companies that can benefit during COVID-19 have already moved up significantly. CRSM has not done so and investors are finally catching up/on IMO.
Once we break .035 on strong volume, that's when the real run starts
I think in the next one to two months, you can't go wrong with either/both TLSS and/or OZSC. There is money to be made on both.
I had a choice to buy TLSS or OZSC when TLSS was trading at .018 and OZSC was trading at .014. I made the mistake of buying OZSC at .014. I sold all of my shares yesterday for break even and today, bought TLSS. Missed out on the huge run on TLSS. I still think even at these levels, TLSS is positioning itself for another run according to the charts.
I'm gonna hold and see where TLSS takes me.
GLTA
Sold OZSC for breakeven yesterday and bought TLSS today
IMO the charts indicate TLSS is getting ready for another run
I think in the near term, TLSS has more upside even at current levels
I hope to take profit from TLSS and buy back in OZSC towards second half of June. OZSC will run once the merger is finalized, audit complete, final outstanding share count is revealed (assuming no surprises), and revenue and profit numbers for PCTI is unveiled/compelling.
GLTA
I finally bought TLSS today
Late to the game but better late than never
The show is just getting started
We broke 200 Day MA
Chart looking strong
If we break .035 likely tomorrow on high volume, we'll see high 4s and 5s very quickly
Once it breaks .0335, its going to run hard
Broke through 200 DMA
We will likely break 200 DMA tomorrow.
5.4M shares traded today more than 3 times yesterday's high volume.
Highest volume in a very long time.
I was contemplating whether to hold or sell and I chose to
sell after the afternoon nose dive. Sold at the price I bought it at (.0143).
I normally hold but chose to sell based on my experience in the past - after a big sell off like today, stocks usually sell off little more before it stabilizes.
Also the trend for OZSC is one big up day followed by several days of down days.
I will be looking for a good entry point.
Stop Loss Orders Taken Out & Gap Filled
Over 2.3M shares traded in less than an hour of trading
Liking the volume
Broke through 100 DMA on Strong Volume
50 DMA is now Ascending
Nice volume today - Getting warmer
I'm now even at .014. But NOT selling. This is going much higher.
This will follow TLSS IMO.
Back even at .014 but not selling
This will run like TLSS IMO.
Holding firm.
Huge volume yesterday and today both up days
Conviction buying
Lot of manipulation with this stock
Volatility induced by Market Makers (MMs) to rid of weak hands.
Remember, MMs know reverse merger is coming and it will drive up the price.
They will come in strong and hard at some point but causing volatility to cause people to sell. I'm holding until we see the teens.
Starting to warm up
https://twitter.com/car_smartt?lang=en
Bought a starter position today at 1.44.
Cup and handle technicals.
Bullish
Initially I thought it was the debt converters selling shares.
I think there was some of that but it is apparent that it is likely Conway selling shares to generate money to make payments for PCTI.
This strong selling pressure at these levels is not debt converting in my view.
Bought in at .0139 avg for 1.2M shares
I'm down big but holding. No plans to sell.
I'm tempted to just stay away and check back in a month to see where we are.
At 50 Day MA Support
Let's see if we bounce or if it breaks through support.
It will go as low as when debt converters have converted their debt and Conway has sold shares to make the payments to PCTI as part of the RM.
No doubt in the near term. Ultimately if Conway and Chris are to make even more money, they will have to have the stock price as high as possible to sell the company in two years. In order to do that, they have to get rid of the debt, cut expenses, increase revenue, and be more profitable.
It will take time but that's where the really big money is at.
Near term, I expect lot of volatility for shareholders.
OZSC is being manipulated
Market makers are keeping this down
tons of shares on the bid taken out by big money
Broke through 50 Day MA on May 12th on strong volume
Volume starting to pick up
As long as the company does not sell shares
I'm long and do think the stock is ready to move especially after being beaten down to a pulp. It has been hampered by the company selling shares.
They are only shooting themselves in the foot
Dilution Continues
We hit .012 which is double .006 we were at two days ago.
Everytime a stock doubles, almost always, there is a pull back, stabilization, before going higher. Also the climb was too fast (although the move from .0121 to .006 only took three days).
There is still some dilution that sold into the strength today.
This is a longer term hold IMO.
Too many day traders looking for fast money.