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I think it's a mix of MMs bringing it down to cover shorts as cheaper as possible and newbies panic selling...
Gosh it hurts...
Good morning from Spain. @retiredtech, how come you are awake this early in the morning?
Investors recently bought shares at $0.13 (take into account that they always buy at a discount).
Also, investors were signing for warrants to purchase more shares at $0.25 (in 24 months) and more at $0.40 in 36 months, it means they expect the PPS to be over these values (over $0.25 in 24 mo. and over $0.40 in 36 mo.)
http://www.prnewswire.co.il/news-releases/owc-pharmaceutical-research-corp-signs-investment-and-joint-venture-with-michepro-holdings-ltd-599813021.html
My guess:
- I am long here since $0.04, so I have witnessed incredible runs (one day I think the PS climbed +97%). I've never seen +97% before.
- Average vol is 8M. Yesterday we had like 2M. If I recall correctly I've seen 20M volumen days.
- Markets are sinking today. It's going to be an all-red-day. Investors will look for somewhere else to put their money. Gold is rising, Yen is rising... I think this ugly scenario can bring new investors, given that also MJ ballots got aproved in 4 out of 5 states and made it out in the news.
I expect a green day...
I don't get the "P and D MMJ scams"
Could you please elaborate?
Thank you in advance.
100% agree. Yesterday I posted the same.
A boardpost kidnapped by a couple of posters, looks like a corral with hens cackling.
Loses credibility.
Today I expect a green rush, just because it was expected yesterday and I've noticed $OWCP acts with a 24 hour delay (don't ask me why).
Also, it might be possible that traders are taking bets on other places, having into account the US elections.
Yeah right. That's why instead of buying aspirins I grow a willow tree in my backyard and when I have a headache I lick the tree... LOL
I'm nailing it...
In which way? Thank you.
No volume today. We won't take off like this...
LOL, I usually avoid OTC market, but recently decided to include a little portfolio here in Pinky-Land and doing great in OWCP since the $0.04... (and holding long at least until after the elections, and after, we will see)
I was surprised to see the PS not rocketing on good news, and sinking to unbelievable levels without bad news. I guess the low volumen it usually has, plus the lack of info, allows this kind of manipulation on these stocks (even though I think $OWCP is in a best position than the average OTC stock and that's why I have my beans here
I expect today low movement, and tomorrow a big one, but who knows.
I'm not so optimistic.
As usual when there are good news with OWCP, this is going to happen:
1.- Green rush at the open caused by the hype, new investors that discovered OWCP this weekend (.17-.20 I think)
2.- Massive selling (by MMs, penny flippers, and longs) that will bring $OWCP back to the red.
3.- Massive selling (by MMs, panicked longs) bringing $OWCP very down (to the .10 level maybe)
4.- Slowly recovery during the rest of the day (as always)
Only if there is an outstanding trading volume, we will see an all-green day, with maybe 100% gains as we have witnessed before.
Good luck to all longs.
Thank you retiredtech. It's interesting and I very much appreciate your effort.
However, I witnessed manipulation at will with this stock.
Prices can be brought down at will, and I think shorts won't have problems covering 1M shorts at low prices.
I've seen this stock not rising on a Monday after a weekend of good news, so I would say previous projections would not fit exactly in this case.
However, I am amused with how you do this data analysis and would be very glad if you shared your conclusions with us, longs.
Good luck longs.
In fact they are not so bound to what happens in the US MJ ballots, as they're based in Israel and they are going to start commercialising their stuff in Europe...
Investors get the shares at $0.13 at a discount.
Also, if investors are signing for warrants to purchase more shares at $0.25 (in 24 months) and more at $0.40 in 36 months, it means they expect the PPS to be over these values (over $0.25 in 24 mo. and over $0.40 in 36 mo.)
Today we will close above $0.13 for sure. At 11 cents it's a bargain.
http://www.prnewswire.co.il/news-releases/owc-pharmaceutical-research-corp-signs-investment-and-joint-venture-with-michepro-holdings-ltd-599813021.html
$0.40 per share in 36 months
www.prnewswire.co.il/news-releases/owc-pharmaceutical-research-corp-signs-investment-and-joint-venture-with-michepro-holdings-ltd-599813021.html
The Investor will be issued with 2,307,692 restricted shares of the Company's common stock (a price of $0.13 per share) with additional warrants to purchase 761,538 restricted shares at an exercise price of $0.25 per share for a period of 24 months, and additional warrants for 761,538 restricted shares at an exercise price of $0.40 per share for a period of 36 months
$0.25 per share in 24 months
www.prnewswire.co.il/news-releases/owc-pharmaceutical-research-corp-signs-investment-and-joint-venture-with-michepro-holdings-ltd-599813021.html
The Investor will be issued with 2,307,692 restricted shares of the Company's common stock (a price of $0.13 per share) with additional warrants to purchase 761,538 restricted shares at an exercise price of $0.25 per share for a period of 24 months, and additional warrants for 761,538 restricted shares at an exercise price of $0.40 per share for a period of 36 months
STOCK MANIPULATION!!
I just received an alert because there was a 1.1k shares after hours trade with a value of 0.1010$ (TOTAL VALUE = 111.10$)
LOL!! $OCWP instantly 20% down.
It's going to sweep all STOP Losses.
Is this how MMs cover their shorts?
This stock moves unpredictably.
One of the biggest runs of OWCP was on a Tuesday, after a weekend full of good news.
I expected the run on Monday, but it happened on Tuesday...
Just in case, I loaded more shares at 0,1250$. Hope we move north any moment from now on...
Good luck to all longs.
I also gave up predicting anything in pinkyland...
I entered OWCP at 0.04$ and keep them locked until after US elections.
5,000 shares x 0.038 = 190$ ?
That's an overwhelming confidence in this stock...
Hold or ditch PMCB?
It's not performing well...
Welcome to pinkyland.
You have witnessed an MM sweeping weak investors, probably to cover shorts.
For those longs still holding, please keep moving; there's nothing to see.
Hey, herr kommisar.
Yesterday we didn't reach to the quarter (0.25) LOL, but got very high.
Good luck today!! Let's keep OWCP in the green!!
Duplicated
Duplicated
F*cking fantastic.
Yesterday added some at 0.092$ which was almost the HOD.
I doubled it today.
Fantastic.
Never had a day like today.
Cannot believe it...
Good luck to all longs.
This is crazy. I'm going for a walk.
Surprise me
What does this mean? Sorry I don't understand.
"But it is enough for me to be in the next year in the spring at 0.5 -7"
Thank you. Cheers from Spain.
I think today we will test the dime barrier.
And after the dime, comes the quarter, LOL.
The IRS guys say hello, LOL!!
I expect today another savage run like yesterday, breaking the 0,1$ barrier...
Any ideas to add to the pink-portfolio?
I entered OWCP at 0.04 and would like another stock recommendation to enter today...
Thank you in advance, Sir...
Awesome!! I expected this run yesterday though.
Congrats to all longs.
Awesome!! I expected this run yesterday though.
Congrats to all longs.
It's going to be fun (specially at the beginning of the day) watching shorts covering their a....
Hello Sunnyland. Cheers from Spain.
I've been following you to see if I can learn something.
I work in banking IT, not much technical trading knowledge, but willing to learn.
I usually don't visit pinky-land, but I have to recognise that here is the best bang-for-the-buck.
Last time I did pink sheets was with Washington Mutual (and did very well) and now I've been some weeks with OWCP, also performing very well.
Fortunately I'm long in OWCP and the 8-k after-hours will boost my OWCP shares.
If you think I can be of any help, don't hesitate to ask me.
Cheers and thank you for this initiative.
If I were an honest business owner, then me too, would have this 'little details' (as releasing the 8-k after hours) to punish those who shorted my company...
LOL. It feels great.
It's going to be fun to see the short squeeze... Shorts buying at whatever prices to cover...
Good luck to all longs.