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If it follows the pattern of the other one or two day runners, yup.
Yikes, someone on Twitter posted they had 50M shares .0018 avg a few days ago. History repeats itself here (again).
Will be interesting to see where it opens today.
OTC's have come back a bit but still well shy of the $$ volume through mid-February.
I've never believed in the stories behind most OTC's because we were better off just playing the volume movement and tune out the hype. With the exception of 1% maybe, things ran a couple days or a few and then dumped. If some were lucky, they'd push or run for a week or two.
Overhyped might be an understatement.
And while I've lost track, seems like several twitter accounts have suddenly disappeared over the last month or so.
$CCIV $EYES $EBON these are all great flipping stocks $AMC too.
Keep in mind the big FED Meeting tomorrow, it could be a wild swing day on either side based on the comments that I'm sure will be headlines after the meeting.
$ENZ damn sold too early on that squeeze.
Those were some nice bounce plays on the mini tech selloff 30-minutes ago. $SOS $NNDM $CCIV $EBON
Big boards and cryptos are a lot more time consuming to trade IMO, but I'm sure some will disagree. For those who have relied on OTC's for gains, I hope they can latch on to the big board swings easily enough.
I'm not into crypto, just don't get it. Probably missing out but oh well.
It probably h as gone on longer than it should have but what do I knows. I suspect we all just need to let the dust settle, although when OTC's come back, it will be a new/different world.
RIP OTC's. As long as more SEC actions and arrests keep taking place, I'm not expecting $$ to be pouring into OTS's anytime soon. The $$ volume in OTS's is as quiet as I've seen it before and that speaks a lot since I've been trading them since 2006.
Wow ouch!!!
People clearly don't like the news gapping down hard.
You're not the only one LOL $XELA
Buckle up, looks like another wild swing day on wall street.
OTC's are Alive! $INND $MMEX $TSNPD $WDLF $SANP
Disclaimer: $INND $SANP not current in their filings
Was so busy doing damage control today totally missed $EYES. Oh well.
$MMEX volume says .0028 gapper Monday here if you are in.
I've also noticed the number of average daily posts on OTC's is WAAAAAY down, almost like a ghost town now.
For now I'm just focusing on big boards....maybe not quite as lucrative each day, but gotta take what is available each day.
But I believe OTCs will turn around, it will just take a couple months give or take to get through this transition.
We've been through similar things like this in the past. 2011-2012 were pretty dead years in OTC because the SEC went after promoters and it hasn't been until recently that they've cracked down again.
OTC: My Conclusion - It seems that not only people are spooked a bit by the SEC, but companies who have NO plans of ever being current (thus not being quoted by pink/OTC) are diluting the hell out of their stock and dragging down the OTC market.
ALSO, with the SEC (PINK quote) updates announced on March 1st, companies becoming current is NO LONGER a catalyst to buy...if they want to be quoted on PINK, they have to be current moving forward and thus it is a requirement and not a catalyst anymore like it used to be.
There has been on average about 2 positive moving plays with 500M or more volume a day over the last week. Compare that with about 15positive movers a day just about a month ago with 500M+ volume.
Take yesterday for example. OTC with more than 500M volume there was ONE GREEN mover.
HCMC
Healthier Choices Management Corporation (PK)
0.0014 -0.0003
-17.65%
4.3B
SIML
Simlatus Corporation (PK)
0.00259 0.00089
52.35%
3.0B
MMEX
MMEX Resources Corporation (PK)
0.0013 -0.0004
-23.53%
2.0B
FTEG
For The Earth Corporation (PK)
0.0015 -0.0005
-25.0%
1.5B
TBEV
High Performance Beverages Company (PK)
0.00054 -0.00006
-10.0%
1.5B
SANP
Santo Mining Corporation (PK)
0.0048 -0.0019
-28.36%
937.1M
INCT
Incapta Inc (PK)
0.0017 -0.0002
-10.53%
889.4M
MDCN
Medican Enterprises Inc (PK)
0.001 -0.0001
-9.09%
853.2M
UBQU
Ubiquitech Software Corp (PK)
0.0005 -0.0002
-28.57%
800.4M
PYCT
Paychest Inc (PK)
0.0003 -0.0001
-25.0%
761.9M
AZFL
Amazonas Florestal Ltd (PK)
0.0012 -0.0005
-29.41%
745.1M
BDGR
Black Dragon Resource Companies Inc (PK)
0.0011 -0.0003
-21.43%
694.0M
QBAN
Telco Cuba Inc (PK)
0.0019 -0.0013
-40.63%
667.7M
PHIL
PHI Group Inc (PK)
0.0023 -0.0004
-14.81%
632.3M
GARB
Garb Oil and Power Corp (PK)
0.0005 0.00
0.0%
586.4M
FCGD
First Colombia Gold Corporation (PK)
0.0005 0.00
0.0%
546.3M
Futures are down again, although modest at least.
Slight market bounce, i'd be careful of the selloff potential heading into close.
It's like trying to catch a falling knife on everything this week.
Pretty much every big board with a 1-hr V shaped recovery after that wacky opening plunge. Uneasy about opening any positions now unless things fall back again to good entry off those rebounds.
I know for one thing, i'm not holding anything overnight in this market.
With the exception a few option plays....NOTHING
$NNDM is my tech stock bounce watch today. Has fallen all the way from $150+ a few weeks ago to low $8s now.
Tapped those May calls @ $345 here
I was watching for buyers to step up but I guess not.
Wow was just .03 a few days ago??
Looks like some hands are ready to hit the exit @ open.
So as I read this, management has been dumping the entire last month practically?? Wow.
Looks like a gap down kind of day in OTCs.
Because it is a requirement to be current or risk not being able to be quoted on OTC soon or be regulated to the grey listings.
There was an update on OTC Markets about the new updated SEC disclosure guidelines on March 1st.
So in the future, becoming current will mean less because it will be a requirement to be quoted on OTC.
Not bashing, it's just going to be a requirement moving forward.
so basically, OTC's that do not comply will be delisted/grey market or be suspended I'm guessing. Sorry, but news that an OTC is in the process of being current is not a reason to buy, it is simply a requirement now that they have to meet. pic.twitter.com/zGjGCFdQZI
— Yusan Trading (@YusanTrading) March 2, 2021
Exactly. It's not a mystery.
Wow WTH is going on here?
Let's get pink current status here. $INND
Congrats SM! Make it a wonderful day!!!
Yup so that. Curiously it is not popping with much volume. Market is so strange, no news pops others 200%.
Yes! I shaved some shares off yesterday to lock in some profit, but holding some shares plus April & May calls yet.