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.470 here ; )
Gradual climb is a thousand times better than a leap to the top. It keeps the hedge funds that short hype jumps out. The past few days have been perfect for both short and long term growth of stock
MMs getting destroyed. They have been hard on the ask since the no dilution news yet it keeps rising. Love to see this happen
Bought shares at .0145. Was curious how company declaring there would be no dilution would actually affect pps. Haven't been doing this too long so this was highly educational.
Keep on keepin on! Excited to see what happens
I watch a lot of claytraders videos especially those for owcp.
Claytrader - "bears have momentum"
Next day - owcp goes up 10%
Claytrader - "it's looking good for the bulls"
Next day - owcp goes down 10%
He doesn't make predictions so I'm not going to say he is wrong. He simply establishes daily support and resistance lines based on moving averages.
But since they break daily in one direction or the other, how does this help establish anything? It only shows that technical analysis fails to predict owcp movement.
Conclusion - claytrader videos should not help any investor or even day trader in determining what direction owcp is going to move in. I love his videos but believe they are irrelevant when attempting to understand owcp movement.
technical analysis doesn't seem to work on this stock. Whenever it breaks support it changes direction and goes up. Whenever it breaks resistance it changes course and goes down. Way too unpredictable. Watch claytraders videos when he posts them. If he says "the bears are taking this one" the stock usually rises. If he says "looks like bulls are in control" expect the stock to fall.
Yes eventually I think it will hit the point of no return. I'm holding regardless of volatility. But if one of the principles of technical analysis is that the past repeats itself then I would bet on this stock rising tomorrow. I don't think standard technical analysis really applies to this stock. Just my thoughts
Invested in both ; )
Didn't you say a week or two ago that the conference would make owcp go up? Change of heart?
Woooohooooooo
Shit if it gets high enough I'll sell just to cover my initial investment so it's a free ride. But it's gotta long way to go before that so yeah guess I'm a long too ; )
You were right about the conference. But every day you say it's going down so you're right what, a little less than half the time? The other day you predicted it would go down and said you'd leave the board if you were wrong and instead it shot up. But here you are. Sometimes I'm glad we have people like you around so we get the oppositions perspective, even though you're a wolf in sheep's clothing, pretending to be this savvy day trader when your only intent is to drive the price down. I don't know if you're shorting it or just trying to buy lower shares but everything you say is with conviction and by the nature of the market, that makes you right a little less than half the time.
But my point in my previous post was your motive hasn't changed. Each time you make any post on this board it is with intent for the stock to go down. This stock is highly volatile, highly unpredictable, BUT trending upwards which is why from a shorter term perspective, fundamentals aside, it seems like a solid buy. If you consider fundamentals and holding even longer, it seems to be an even better buy. So even though it's good to have people like you around, if only to spark conversation, you have to give up pretending you know what you don't. It's okay to say things like "maybe" and "possibly"...and perhaps a "perhaps".
K bedtime
Hey garyst I only have a small amount invested in this company and don't plan on selling or buying anymore anytime soon but I respect your constant updates. Keep em coming, it's the only reason I check this board every now and again. Just lettin ya know your efforts are appreciated.
Patrick
"You will experience dilution of your ownership interest because of the future issuance of additional shares of our common stock or our preferred stock."
Duh. It would be naive to think they won't implement some form of dilution in the future. This statement alone, however, is not indicative of shit. There is no timeline. No plans. No substance. It only states the obvious. Companies dilute for various reasons and it doesn't always hurt shareholders. They are saying, yes, one day...2070 perhaps we will dilute. To take this at face value is insane and use it as a scare tactic on a message board is ridiculous. This is legal jargon...I would be more afraid of start up companies that don't state it. It shows a lack of transparency with shareholders. Please don't let this guy turn this into something it's not.
Check out the potstockradio podcast interview with him. He talks for a good hour about owcp.
Well there are certainly pictures available. Go to Monaco growth forums twitter and they thank owcp and provide a picture of the doc speaking at the conference. I agree though, audio or video would be nice if anyone can point us in the right direction
There is no mention of this anywhere that I can find outside of the 8k. I have done every variation of google searching I feel like Is possible and I can't find shit. I emailed owcp and kodiak and will send you their replies when/if received. Best to get both sides of the story if possible
It was. $.0001. Then .15. Then .50. Then 1.71. Has gone up has gone down, ridiculous volume and volatility. But I dunno, let's do a yearly change - up 1037%. How bout a 200 day ma? Over double right now. 50 day ma is 1.25 or so I believe so yes, it has had a slow month and a half. But the stock is certainly uptrending. Jan to feb it stayed around .70 to .75...and just a few months later when it's at .9 people are calling it out because it skyrocketed out of control one time in between? Stocks aren't built overnight. If you need the money then sure, bounce on out because it very well could go down. But it is in a great position right now. It is red days and green days but you guys are comparing today's pps to its peak. That's ridiculous, the peak is only an indicator that it can get that high, especially since volume is still unrealistically high! But that doesn't mean it will. But to assume it's going to continue down because it went down during the conference (where a lot of folk, myself included thought it we were in for a nice raise) is ludicrous. What other variables have changed for the worse? I'm pretty sure the patent argument has been squashed and for those saying they aren't making any money well no shit, they haven't sold anything yet. With no toxic debt, what do you think the chances are they're going to go belly up though? Very slim. There are so many catalysts coming up and with no toxic debt (which imo is the best thing you can have for long term investor security) selling now just seems ridiculous. Buy more if it does fall? Yes because it's safe and all indicators point to it going back up. But to sell when it will inevitably go higher? I don't know, maybe I'm just overly attached and need to take a step back. Someone correct me if I'm just way out of left field because I haven't been doing this nearly as long as a lot of you and I would appreciate any input from either side.
The schedule was for Monaco time. 7 hours later. But naw, haven't seen the conference
They did. Uh, not sure where he is getting that from.
I love the "what is Cannabis" slide showing in the twitter pic of the doc's presentation. I bet at least one person at the conference tokes it up tonight for the first time before investing millions tomorrow morning!
Thanks for updates
Yup gl all. If anyone finds a way to watch this conference could you send a link? I know owcp ain't up til tomorrow but still, lemme know!
Let's say someone does not believe in a particular company - the company might have poor management, heavy dilution, sketchy financials...but the company is highly volatile with an unparalleled volume, motivated by mob mentality and hype alone and this someone decides to short said stock - would it not make more sense for this person to actively promote the hysteria? Seeing as the hype pps is only temporary and not reflective of real company value, would pretending to believe in the stock not make the most sense to gain the most before the inevitable fade? Once the sensationalized event has passed then the shorter can turn on the stock as though he was "deceived" by the news and now denounce the company in hopes of the pps dropping so he can cover. My question is why would a shorter denounce a stock before the hype rather than after?
There are two reasons I can see for thrashing a company consistently...for long periods of time but especially in their most perceived volatile state...such as before news/hype and that is to drive the price down to buy or because you are stuck in a deep, short hole.
I think those that retain negative positions on companies that are uptrending must be one or the other. But when timing consists of jabs before the hype, not after, I tend to believe that it is a double agent long actually hoping for price reduction to buy the news. In fact, it makes perfect sense to take a stance against a company prior to news when news has shown time and time again to make said company rise.
Anyway, not saying you are secretly in love with owcp and everything you say is just so you can buy at a lower price....well, actually I guess that is what I'm saying. You a sly dog but if even if it's in a sort of weird diabolical way, you still jus trying to get into owcp before it hits the moon like the rest of us ; )
Go owcp!!!
Yeah visited Monaco last year during a med cruise in navy. Cost us a fortune just to get inside. I didn't say it was a fluff, only that I can understand if someone wanted their funds to be allocated differently. At the moment I think promotion and marketing is the most important thing for this company aside from getting their cream on the shelves so I totally agree with conference. If anyone can find a live stream of owcp conference Wednesday please post
Yes, the Lyons Wall Street conference is a venture penny stock investment conference. As is the Monaco, although from the interviews I've seen she usually says small cap. But owcp has very little institutional ownership and is paying to get their names out there. You could see this as 1). Owcp is raising money for promotion to bring up and attract big permanent institutional investors or 2). Owcp is spending money on promotion when it should be spending more on r&d, debt, whatever. I see it is as the first, raising long term capital takes precedence over all else imo.
Different speaker - different audience. And right after lunch, should be feelin good with food like this
https://monacogrowthforums.com/wp-content/uploads/2017/02/170221_0048_074A4610.jpg
I don't think so. Youtubing the conference seems to just lead to interviews with the CEO and there doesn't seem to be a stream via the website, just a schedule. If you find out otherwise let me know because I would love to watch it
Owcp will have the floor 1225 to 1250 Wednesday. I'm sure they arrived today as the 2 day conference starts tomorrow. Seeing as Monaco is 7 hours ahead (for me in good ole Mississippi anyway) that means that 530 Wednesday morning they will be on stage. Hope that helps
No they are. Just takes a minute. Cdel definitely keeping it down this morning
Haha of course that reasoning applies anywhere. But it certainly doesn't hurt to ask.
Just stumbled across this stock and was looking at recent news...so they're relaunching their app tomorrow? Anybody think that's going to impact the price? Just curious as the news was posted two weeks ago but don't think I've seen much mention of it on the board. Then again I didn't look that hard. Only curious what was some of you who have been watching this for a bit think
Was actually in Monaco last year (in the navy) and went on a pretty extensive tour of the whole country. Went to the formula 1 track and the hotels overlooking the track rent out for six figures during the race. Went to the casino ( the one James bonds casino royale was filmed at ) and the minimum buy ins at tables were 10k plus. No taxes in Monaco but if you live there you'll pay over 350k a year just to rent. It's literally the wealthiest and most prestigious place I've ever been. Of all the billionaire investors who attend this conference, I imagine at least a few will be intrigued by owcp
I imagine another good way to valuate a pre revenue biotech company would be to compare and contrast the 10k with other pre revenue biotech companies maybe trading around a similar pps. 80% of owcps 10k was legal jargon to protect from an unforeseeable future. Most 10ks I have looked at on the otc contain identical or at least similar layouts, all containing these bleak what-if outlooks. Is it possible owcp collapses tomorrow? Yes so they warn shareholders of the possibility. Is dilution possible? Yes, just as it is for every other company so it's mentioned just in case.
Anyway, I would like to do some comparative research. Anybody know of any other biotech contenders that we can line up against owcp so we can try and discover how well they're actually doing at their current business stage?
Hard to say. Most big money seems to stay away from otc so we have to rely on the mms and hype. Hype can go one or two ways from what I've gathered -
Investors buy into the hype and slowly become adjusted to the hype and begin swing/day trading. Right now that's 70ish to 1.10ish it seems.
With each new press release more hype is added and so it becomes more volatile.
What happens is often times, the hype changes the dynamic of the trade. In other words, the unpredictability sets in and a lot of the original hypers lose money.So the original hypers no longer feel in control of the hype and leave for new stocks.
This process is often repeated and so the hype becomes a cycle. But the more and more these different groups collide the more unpredictable it becomes to the point of no longer having investor appeal.
That would suck. So to fix that we need marketing but we also need reassurances. We need to retain the day/swing/longs/shorts everyone. And to do that, we need strong hype, not necessarily a 10k with all it's frightening legal jargon but real assurances and projections. Owcp is certainly on the right track but they have a policy of only putting out "pertinent news" which I think is a huge mistake. If they were more transparent this would be a lot my easier
To answer your question, yes I think i would after just reading the 10k. But I think there needs to more than just the 10k. The 10k would hook me but I don't know how long I'd be reeled in for. Then again, I invest every time it hits .80. Could probably do lower but I'm going as long as possible.
I think the entire 10k was a mess. So many different theories on when it was going to be released that had been in circulation since they announced the delay. They waited til the last second and just snuck it in there. I thought the 10k itself had a lot positive progress and if you are comparing it to other stocks at the same developmental stage in the same industry, it's like night and day. Owcp has made some real strides and because of terrible timing they lost a lot of potential volume. Not worried long term but super salty short term
A lot of time and effort put into this one - thanks for your deep and meaningful insight. What would we do without you?
Disclaimer - I'm relatively new as well but from my little experience here is what I've gathered...
1 - No. And just because they must dedicate 60% of the time doesn't mean they can't dedicate more. That is legal jargon to protect themselves....I'm new to investing as well but I've noticed a lot of these 10ks have applied these same protective measures in their filings.
2 - dilution is how companies grow. All companies dilute their shares to raise capital. I don't think there is a 10k that doesn't mention further dilution. Seeing as there is no date attached to "when" and also the use of "we may issue" makes this claim more legal jargon to protect future claims against the company.
3 - same as above. They are forced to add that footnote because they are prerevenue, same as all other prerevenue companies.
That answered my question. Thank you very much for that.
Thank you for your input. That makes a lot of sense and would explain why it wasn't necessary to include updates on the provisionals. Very much appreciated
I think you are absolutely right. But it still begs the question - if they are only good for a year, why have they not been updated? Because technically, they can still list the patents because they did file for them...even if they did expire. Maybe I'm wrong, any idea?
I've asked this question my last two posts and have gotten no response. I'm not doubting the validity of the patents, I just wish someone who understands the concept a little better could shed some light on the situation.