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I have also seen some of my hard lesson learned tickers from many years ago come back to life in the past few months.
Not sure they are any more viable now than they were then or just old enough now to be new again.
I have been trading OTC for about 20 years and have seen and been a part of some pretty good runs but there seems to be more opportunities today than even a couple years ago.
I may be losing my memory or may just have more time to pay attention but it seems to me that younger traders and the use of social media are making it easier to make money.
For me this started as a quick flip and I was late to the party so it dropped within hours of me getting in.
I was then officially a “bag holder” and I moved on to other plays.
A few months later my unrealized gains “bag” turned very green.
Just making a general statement that there will “down” days.
I will not predict PPS, someone might believe I know what I am doing.
My average is .0006 so my expectations have been exceeded many times over.
Once Charles was put in charge my strategy changed and I am willing to hold indefinitely.
Down days happen it is reality.
Once Charles took over, the future of ENZC changed. Has anyone found anything in his past that would discredit him and his ability to lead the company?
Why would he risk his reputation and Bioclonetics by merging with Enzolytics?
If you believe you know what you own then the future for Enzolytics and their shareholders is bright.
Glad newsboy is back, usually means the next week will be good for PPS.
According to ETrade I am up 15,673% on ENZC, sure am glad I have elk and newsboy on here to learn me some things bout ENZC.
Guess I need to see what other boards they are posting on...
Be patient, this is just getting started.
When Charles took control ENZC became relevant and hence an investment. He has to set up and secure the foundation (which he is doing) before this can really grow.
What were your expectations?
The attorney letter was a given, Charles has proven he does what he says.
The flippers are chasing other plays, this has become an investment and they moved on.
Been holding RDAR since the summer of 2017, made a little then, rode freebies and then bought more. Wasn’t watching the run last week but sold a few today. Still a good return, bought in @ .0004.
Been holding BLLB since early in 2017, bought @ .0004 and sold most @ .0012. Been holding freebies.
And BEHL, the stock that taught me the hardest lesson got a surge of volume but the hole I dug is pretty deep. Bought in summer of 2009 and watched it run from .007 to .17, didn’t sell any as I KNEW those green tubes of algae were going to take me to the moon. Needless to stay I never made it to the moon. I will probably never sell and keep that 99% loss showing in my portfolio as a reminder to not make that mistake again.
I think most here would agree with the last part of your statement but I know many “serious” investors that earn their living trading and they never bet their life on any stock.
Serious investors come in many forms and have multiple strategies, the OTC is one of them.
Basic rules of all stocks is the same, doesn’t matter if they are OTC or NASDAQ, never risk more than you can afford to lose, know your exit before you buy, and never rely on social media to do your DD for you.
Serious investors will take losses, that is reality, the difference in the profitable traders from the losers in my experience is patience.
When the 2nd quarter financial was filed on 12/23 the “yield” sign became assumed and as a result the PPS increased from .0396 @ close on 12/22 to .0735 close on 12/24.
If your DD led you to invest in ENZC then the past 7 trading days are just part of the journey and not the end.
If social media led you to buy and your timing was off then the past 7 days has been a learning opportunity.
Great DD has been posted, the fundamentals of ENZC has not changed, Harry is no longer “running” the business and Charles is in charge.
Monoclonal antibodies are being discussed by numerous medical professionals as a needed treatment for HIV, coronavirus, certain cancers, and more.
The true potential for PPS is still uncertain, but for me I have not found anything that discredits the work that Bioclonetics and Enzolytics has done in the lab.
I want to see the stop sign removed, I want the massive PR naming Big Pharma partners and funding, I want FDA approval...
Charles wants a company set on a solid foundation with IP protection, licensing opportunities, and long term sustainability.
When Charles gets what he wants I think I will also get what I want.
Enjoy the holidays, spend time with those you love, be thankful for what you have, and remember the joy of giving is priceless!
Exactly!
Ten days ago we closed @ .0393...
I wasn’t planning on selling today so I for one am very happy with the current PPS.
Steady progress, 2019 financials complete and PPS holding. Will not predict the close but have to expect profit taking every time it gets above a dime.
Just one mans perspective on the week...
Friday our Powerball ticket had the first 4 numbers correct and we were waiting for the 5th number to drop.
Monday the 5th number dropped and we were in the money, all we needed was the Powerball number to hit and we were $200 Million ahead.
Monday evening the Powerball number dropped and it didn’t match, instead of $200 Million our ticket was only worth a million.
Later Monday evening we realized this is the OTC where most sub-pennies never make it to silver much less dimes and our unrealized gains were bigger than we ever really expected. Realization that the $5,000 investment @ .0005 was now valued @ just over a $1 Million.
Tuesday reality of how much money we had, no major announcement pre market, stop sign still there, people took profits.
Wednesday the company provides very good information on the new business structure but people need time to understand it.
Thursday cooler heads prevailed, 2019 financials are done, only 3 quarters to go to get current, 8K expected.
Friday nobody knows what to do, take profits and buy back in lower, or hold because Monday we were so close and I don’t want to miss out.
Reality:
11/20/2020 PPS closed @ .0194
11/27/2020 PPS closed @ .0502 up 158% for the week
12/4/2020 PPS closed @ .075 up 48.4% for the week and 386% for the two weeks.
Plenty good enough for me to keep holding.
I will not predict the next run or the inevitable down day.
Not planning on selling tomorrow, so green or red is not important.
I bought because I believed in the treatment ENZC has been working towards and it’s benefit to the world, Bioclonetics was not even part of the picture.
The “new” ENZC has so much more to offer now than they did 6 months ago. They do not pump out PR’s just to “please” the impatient, and they are doing exactly what they said they would do.
For me that is enough, I plan on being here long term because I believe ENZC will be around long term.
New financial on OTC site this morning is a good sign of progress
Take emotion out of the past week and just look at facts:
11/23/2020 - PPS closed @ .0276
12/1/2020 - PPS closed @ .0750
In five trading days the PPS almost tripled.
Hell, if it triples every three months going forward I would be happy!
Thanks for pointing USRM out, $1.98 PPS on 12/4/15. I think many will be very happy when ENZC hits $1.98.
And yes, there is a chance it could drop back below .01.
Thanks for showing us an example of how a sub-penny can grow to dollars
I have been here since .0006, sold 25% when it hit .0025 to pull out my initial investment.
I may be an idiot trader but not new to this game and more than willing to let this play out.
ENZC leadership has done nothing to make me doubt that the financials will get done and the STOP sign removed, the merger will be completed, funding will be solidified, and work will begin @ Texas A &M tomorrow.
Based on annual income plus say $360,000 realized “short term” profits the capital gains tax would be roughly $130,000.
Long term for me will be May of 2021 and the same $360,000 profit would cap @ $72,000 capital gains tax.
I have been very fortunate and my income has not been impacted by COVID, my current plan is to hold until this becomes “long term” and then build an exit strategy.
Since May 22, 2020 the PPS has increased by a little more than 8300%.
Current price of $0.0502 x 8300% = $4.166.
Getting Current/Stop sign removed, finalizing merger, beginning work at Texas A & M, all catalysts that have yet to be confirmed in a PR.
If and when these items are completed and confirmed, the gains seen today will seem small by comparison.
ETrade allowed GTC limit orders but based on number of shares and limit price if the total transaction exceeded a certain value the order was not accepted. I just entered less shares and higher limit price up to $100 per share.
My first limit order would net $3 million and it was accepted.
Yep, just left an hour long meeting and couldn’t tell you what the topic was
“Nothing said on IHUB will sway it either way”
Just might be the most accurate comment of the day.
I believe everyone here wants this to turn in into their personal lottery winning stock.
If they truly produce effective treatments for HIV and possibly other viruses like COVID-19 then it certainly could.
Been holding for 6 months, sold a few when the time was right for me. Now I hold risk free shares, I have the time and patience to wait for updates.
Not worried about fluff PR’s or repeat news, as the merger, funding, filings, and testing progress this could become the one ticker I don’t want to be without.
Whether you choose to make this a daily play or hold long term, the past three weeks has been extremely profitable.
This run began with the LOI announcement but the gains have held because of the possibility of what they bring to the table.
I bought in while it was still .000 because of the potential, with the plan to double up and get out, the more I researched that I changed to long term. I secured profits with 25% of my shares, the remaining I am willing to hold until their treatment comes to fruition.
This massive turd has been very profitable!
Played correctly this POS has been quite profitable.
Not played correctly I am sure some would think this is a POS.
The LOI drove this up over 1000% in a few days, think about what is possible when the news is released that the trials pass FDA approval.
Did it retrace, yes, most do after massive runs
620% gain in 6 trading days, why all the negativity?
I agree and that is why I will hold.
Some people make their investment decisions solely based on message boards and that strategy could and likely will cost them money.
Truth: This is an OTC stock and is high risk. If you choose to buy in you may lose all your money.
For me the risk was worth it, I did my due diligence, decided what I was willing to lose, and bought in. That was 4 months ago.
Today: Up 600% and initial investment realized plus 12% profit. Will hold the balance of shares until $1.00 or .0001.
I have been trading trips for 20+ years and paid the price for being lazy and buying or selling based on someone else’s opinion or post.
Know your exit before you buy, do not chase a rocket, it always wins.
If savings accounts paid 12% interest would you put more more in savings and less in stocks? Don’t be greedy aim to be profitable.
Fortunate to have bought in @ .0006, sold 25% on the way up for a 12% return on my investment,now the fun is watching with no fear of losing.
And I will also keep buying lottery tickets!
Likewise, I don't post often but learned many years ago that patience can pay large returns.
I have held some of these for years and they have never moved, it only takes one to run to cover all of the others and then some.
Very typical churn... many are happy with 25% returns. Buy @ .0004 and sell @ .0005. The ones that bash and the ones that pump all trying to do the same thing.
The fun in trips is being able to buy such large quantities for so little cash, the dream is one of these running to pennies, nickels, or dollars.
Do you really believe it will happen? Will you still be holding all those shares if it does?
My 10 Million shares are up for sale @ $0.50 if somebody wants them.
Revenue is still the key to move the PPS up. No need to be impatient, if you bought because you believe in the technology and the company leadership then have patience. It takes time to build a company.
Many OTC companies have no product or service to offer, hype not revenue drives the PPS up. If the hype is strong they run up quickly and fall back just as quickly. OTTV's PPS is still considerably higher than it was just a few months ago.
By comparison if this was a $1.00 per share and had gone on a similar run and then leveled out at $3.00 per share most would call that a "big" win and celebrate what great traders they are. The PPS is relative, I invest in these sub pennies because I can have millions of shares with little risk, if they run big I win big. I know full well that my investment may disappear and I accept that, for me that is what makes it entertaining.
GLTA
The fundamentals needed to increase the PPS for OTTV have not changed:
Revenue drives PPS
The daily operations and decisions made need to focus on delivering their service at the highest quality with the best customer service. New subscribers will come in due time as long as the product meets their needs.
This may no longer be a great stock to flip for some, but for me the potential for sustained growth and increased PPS is well worth holding every share and adding some on the dips.
Only time will tell if this turns into a lottery ticket to the ones who bought early and stay long term, can't win if you don't play.