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I’m glad I got out, doesn’t make sense to let money sit. Took me too long to realize it but I quickly have made up most of the profit I squandered here.
Options trading is where it’s at.
10 bags everywhere you look, and they happen in hours not months. It’s the natural progression of high risk trading. Although I do want to dip my toe back in here , I love owcp and that was my problem.
Don’t lose hope I did the same last quarter and had a 5 bagger if I remember correctly
Seems like an indictment coming for them too
What about the ta taking the restriction off to let them sell
Don’t fall for it, closing over .70
There are no gaps except for the 1.00 gap down
It'll be a lot cleaner on the way up now
E*TRADE market order
It's nice to see some of the other mms buying again like dlny, if maxm and mica start buying again look out
Yes and look at monthly chart ( I know monthly for an otc stock wtf) but it gives a good look at the volume that dropped the stock.
It's a technical reversal.
Pincher
The question that should be asked is what was the catalyst that dropped the price
Incorrect because a phase 1 trial is not efficacy it is safety.
Owcp had a pre clinical trial that showed 70% efficacy
Most otc stocks that have massive runs sell off because of toxic debt and front loading. Owcp has been different because there was no front loading or toxic debt, but many people had cheap free shares so didn't care about dumping to the bid.
If you look at the volume between when it broke through 1$ for the last time and now the volume was extremely low. Couple that with a slow otc summer and you get an overblown drop due to lack of liquidity. Simply not enough buyers to absorb the small selling pressure.
The dollar volume today on the otc qb could be an anomaly or it could be the start of otc season as the penny market has still been in summer mode meaning low dollar volume.
''Twas a classic pincher play with zyne sympathy to give fuel to it, no telling what tomorrow brings but I say it tests the 200 day in the .60s
Bulls make money bears make money
Pigs they get slaughtered
Let's not get that excited it's still down 89% from ath
If this weekly candle holds, haven't had one since 3.00, macd about to cross, adx shifting up from very tight pinch.
http://stockcharts.com/h-sc/ui?s=OWCP&p=W&b=5&g=0&id=p84332059908&a=547261779
Is pretty common for a stock in a downturn to reverse as the price gets low enough to seem attractive again and momentum to build
The pincher is one of the most reliable patterns, if it breaks the 50 day with conviction, look out
Yes but the average volume has been laughable lately, look at the monthly chart and see the volume that took it below .80, not much
The rsi never was below 30 no need to reset, it's called a pincher and any sign of heavy volume would point to a nice move up.
Because there is a lot of lower wicks on the chart which pushes the multiplier positive I think
Read the q
Not lawsuit, injunction and it's in the financials
The daily dollar volume on the otc is less than the daily dollar volume on apple. There isn't enough money in the otc for the sec to bother unless it is a blatant Ripoff or serious bad press
He did get canned
No one wants to sell and no one wants to buy at ask
Then why did they file an injunction to stop him?
The dumping was from ziv and retail that got shook, and the reason they are quiet is because they don't want ziv to sell his shares which they say he was not entitled to and have a lawsuit against.
Very prophetic statement
Reversals have been weak but so has the volume that brought it here, could be .50 in a flash
Outside day candles, see if there is a reversal here, low volume from .70 to .20, tells me that there is a lot of people holding shares
Monthly chart , look at the volume last few months, everyone talking about all the dumping, the volume has been minute.
http://stockcharts.com/h-sc/ui?s=OWCP&p=M&b=5&g=0&id=p66501297631
Not where mmj is legal and safety is all they need to start selling
Approval for what
Get them shares now, because they will be gone sooner than some think
There has really been one mm forcing the action here. Aexg totally in control of the pps.
What is laughable is to think that the chairman of fomx a Nasdaq biotech company is going to risk that company and the other he is CEO of because of a penny stock scam especially at this price.
Pinching on the daily,