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The MJ sector has been down big time the last couple weeks. Low volume, even the ihub boards have low volume. Many people are speculating all the reasons for price declines in various stocks lately, blaming this CEO or that market maker, or calling scam, dilution, or various other reasons. None of anything to do with WHY there are declines or spikes in pps makes any difference because no matter what you or that person believes, nobody will ever be 100% correct all the time therefore it's all speculation. The only thing that matters is which stocks will bottom out in this decline and pop back up over 100% in the next week/month/2017? I'm betting most of my account balance that over 90% of the stocks in the MJ sector will eventually double in the short term after bottoming out.. some will bounce, some will pop on news, some will slowly uptrend, but somewhere around 90% will rise again before they fall. That means 90% chance of success for you if you average right.
OWCP is a slow decliner. Only focused on the declines this stock has had, you can see it's not highly volatile and takes a siginificant amount of time to decline. However it has had some major very short-term runs recently and in the past, gaining huge percentages in 2 days time. With that said, and given that this company has an excellent chance of delivering something very positive in the next 1-12 months (news about progress/milestones for the company that point to revenue soon), in my opinion the smartest play for OWCP is slow accumulation on declining price starting in the mid .30's, while waiting for news and selling after 1-3 day rallies, but not selling more than 1/2 or 2/3 of your position in case it continues higher. Let a chunk ride in case you're wrong about where the top of the rally is. I believe only news with real meat in it will make this stock uptrend over 200% from current price.
But if and when you do see the news most people are waiting for, everything will change. There will probably be no more slow declining because there will be new investors and traders buying in that have been waiting for the news, and they will bring new charts to this stock, which may or may not mimmick previous patterns. This stock could uptrend to $10+ in only weeks or months and shock everyone, or it could barely hit $1-2 and something unforeseen will come into play and keep the price down... who knows! Again, all that matters here at this point in time is finding the bottom and waiting for the news, which brings me to my point...
The fact that this stock is a slow decliner is absolutely perfect for waiting months (and has already been many months) for the big news, because all you need is the right play and patience, and the size of your position that is comfortable for you will make you very profitable if things do fall into place. Unless, of course, the company hits some major road blocks, possibilities that many may consider probabilities, that no doubt will be the deciding factors of the failure or success of OWCP, which will, no doubt, reflect largely in the pps. It's a long term play with low downward volatility, excellent upward volatility, and great potential. In other words, it's not a pump and dump play and price decline is expected, if not likely.
Buy and hold. If you are an all-in and all-out type of person, you need to decide which price you want in at from .01 -.36 and stick with the stress if it comes down. If you are an accumulator, be a little more bearish to have less stress on yourself that is only caused by greed. You can always buy more when the price goes lower, which is the point of holding a smaller position, saving you from some losses. Also, you can always load up minutes after news is out, only missing out on a few pennies if you have your order in on time.
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True this doesn't look good, but so far not 1 share has been sold at .0002 today, and a few days ago hardly any were sold at 0002 and then it hit 0005. True it's down now and 0003 got stacked fast. Also true this news is "obviously" a scam by someone who has pumped a stock before, more of the same. However, if the goal here by the company is to "scam pump" the price higher, they will most likely be successful at least to 0005 again, and if sold at the 0004 bid, that is 33% profit if you get in at 0003. But that might take till next week or the next, most likely will happen this month, and with any luck it might even get to 0006 or higher or at least 0005 sooner. Early next year it could run much higher, even with "scammish" pumping!
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There's nothing wrong about mentioning another stock in my post, the topic of my post was about the fact that Scottrade has restricted more than one stock today, a point I was making to basically explain a likely reason for the restriction. I happen to be trading FUTL as well as dozens of other MJ stocks. I'm not about to start talking about the company or pps or anything like that on this board... only helpful information when I have it, which is what these boards should be used for unlike 99% of the posts which is either some version of "this is going to happen for sure" or "no, you're wrong, I'm right".
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Nothing wrong with OWCP, just that apparently Scottrade restricted more than one stock today, my guess being some sort of new regulation within the company... someone on the FUTL board is having the same issue with Scottrade buying and selling FUTL, coincidently today as well. I don't think it's a coincidence, nothing wrong with FUTL and especially not OWCP, you just need a new broker like Fidelity or Schwab that only charges $4.95. I don't know about Schwab but I solely use Fidelity now because every trade on every penny and sub-penny stock, the total cost is $4.95 with no regulatory fees per share added, always $4.95. I don't know if Scottrade changed but they used to charge $7.95 plus fees per share, so sometimes my commissions would be $16-$50 PER TRADE on sub-penny stocks depending on the size of my order.
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It might seem like Scottrade found an issue with FUTL, but that is unlikely because I just noticed that today someone had the same problem with OWCP. I think Scottrade restricted several stocks today at the same time, probably some sort of new regulation they have with certain stocks, because OWCP is a legit stock that never issues PR's or pumps their stock or anything shady, AND it's not a sub-penny stock, point being OWCP and FUTL are very different stocks by nature and both restricted today. Most likely not a coincidence so probably nothing wrong with FUTL, Scottrade just likes to restrict stocks a lot, they were my first broker and I had issues with them and now I'm with Fidelity and no problems buying or selling 99% of the stocks on my list.
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Scam? Dilution? No revenue? CEO not trustworthy?
Go on the board of any sub-penny stock and there will be people saying the same things about all of them. Doesn't matter one bit whether or not 99% of sub penny stocks are scams or not, they still trade every day and prices still fluctuate. Volume is all that is needed to move a stock, and TGGI won't be short on volume any time soon. If you're investing that's a different story, but as for this stock right now, the only thing that matters is volume and the price will fluctuate. Could go to 0003 or 001, none of the thousands of people trading this stock know for sure, the only thing that is certain is that it will fluctuate and as you can see the upward potential is much more than down.
I think the only thing that will keep the pps under .0006 is a suspension or halt of the stock, which is probably around 99% unlikely. Not even taking the good news and solid facts into consideration, this stock will correct to at least .0008, after that, could dip again or it could go up but statistically it will not stay under .0006.
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Why didn't the PR come out on my trading platform? Never had this happen with any stock before, had to come on here to see what was going on.
This will most likely pop in coming hours or days, making the teens history, and I'm counting on it, however for today there are better opportunities. If you sold, or want to sell but depressed about it, look at GRWC and VDRM. VDRM if you like fundamentals, GRWC if you like technicals. Apparently GRWC has stopped dilution under .02, was over $1.00 4 months ago, look at chart and volume. VDRM flat and selling products within 2 weeks. Split your money up, don't put all in 1 boat.
I did sell at .0017. I never sell my entire position nor do I make large buys, I add and reduce as I see fit. 5 million was half my position.
NOTHING to do with it? So 100% of the sell volume today isn't from that article? I myself sold 5 million, Chiron probably sold a lot more because of that article. Total volume is 30 million, so maybe at least half is from that article IMO.
Probably dropping because of this post by surfkast with link to article published today apparently
Mega selling day for sector this morning so far...
Don't worry, there are hardly any gains for any MJ stocks so far this morning, way more selling than usual, but not necessarily unusual as the sector is still in a long downtrend. Slight correction will happen as usual, FUTL may or may not get much volume today but likely it could drop another tick (.0012?).
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It's HIGHLY unlikely we break .004 next week. Why would anyone think it's going to a penny? That is being overly optimistic / unrealistic. If it does spike up, we might break .003, but even that is unlikely without exceptional news that doesn't involve another acquisition. Even with a great PR, gonna have some trouble breaking resistance in high 003's. Dilution will most likely continue after a rally, preventing reaching new highs. Most likely, we will close next week in low to mid 002's, maybe reach a high around .003 WITH some luck getting the volume needed. If pattern continues, which I'd say is about 50% likely, we probably won't break .002, as the sector is still in a downtrend.
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PS I REALLY hope I'm wrong and we devastate recent highs and break a penny! But miracles don't happen very often.
Today is a very low volume day, and not just for FUTL but many MJ stocks. It's also another down day for MJ stocks, there are very few up days for the sector in past few weeks. FUTL is just part of those numbers, it's all about volume and luck, nobody knows when the volume and buyers will come in, you can only estimate, wait and speculate. Nothing to do with fundamentals IMO.
I've been waiting for this pullback trendbreaker with a relatively small position, now if it goes back down to 0014 I am doubling down with another 30 million at 0014 or 0013 depending on the downward momentum. But I think it's going up from here anyway :)
Stocks go up and they come down. Just because it came down does not mean it's not moving "beautifully", unless you were bullish at higher prices. The pattern is what's beautiful, even for the bulls but especially for people looking to trade this stock.
What does everyone think of this post by ravens723, who claims FUTL responded to him admitting dilution and continued dilution for next few weeks?
I only have 1 fingernail left to bite off, please let 0016 be the bottom forever
Looks like people are taking $ out of amazonas and putting in FUTL!
Guys, today is mostly selling for FUTL. I only have 20 million shares, please keep selling down to .0008 so I can double up. Thanks.
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I'd like to offer some insight to the OWCP shareholders from a very active trader who solely trades OTC stocks in the cannabis sector. I have read most every message on this board in the last couple weeks to try to learn something or give me some insight into something I don't already know. That's why I'm posting today, because none of you have posted about what I see.
First off, I'm very bullish on OWCP because I know the power of CBD and this company has a very promising product that is most likely going to be approved for selling very soon, seems like a no-brainer to me assuming the company is in good hands and nothing shady is going on.
Okay, so... there's over 200 stocks in the cannabis sector, all OTC stocks. I have filtered through all of them, adding to my own list about half of them which are actually traded daily. I also have a list of those 100 or so stocks that I see patterns and predictability in, or that just have potential whether technical or fundamental, these stocks I closely follow. Out of my 100 stocks, let's call it the Cannabis 100, MANY have spiked up high, tanked to very low levels, and spiked up again, and then tanked to even lower levels. This is exactly where OWCP is now, at those low low low levels. So far, the stocks that have come down and that I have sold off, have mostly bounced off a low support level or have come up from 6-month lows. I have only seen 2 stocks go down and not come back up, but those stocks don't have anything going for them and have VERY VERY low volume per day, almost 0 volume, maybe are traded 5 times per day. So this means that as of right now, in my opinion OWCP has about a 95-99% chance of coming back up off a very low price, and not even from news, it will come back up naturally simply with volume.
Starting in June, I have seen patterns get broken by prices dropping below low support levels because of low volume. I think summer time is low volume because people sell their stock and go on vacation, or whatever the reason. But low volume has killed some of the prices in my list. Right now, OWCP is not the only good company with a super discounted price. Look at ETST, NTFU, CVSI, MSRT, RMHB, CBIS, SGMD, ZDPY, FUTL.... these stocks are making new lows and have had nothing but good news recently. ETST just had great news yesterday and the price didn't even budge from it's brand new 6-month low. FUTL a couple days ago also had good news of a new partnership and only spiked up 40% and back down to all time low next day. Doesn't make sense? Sound familiar?
Okay, here's getting to the good part. NUMBERS! These are some numbers that I believe are relevant, since you can compare to OWCP. The stocks that have gone up high and back down very low and bounced are :
CNBX - H 7.60 L 0.67 H 1.30-1.67 Now 1.25 - Down 92% then up 94-149% before dropping again
BUDZ - H 5.05 L 0.35 H 1.99 Now 1.02 - Down 93% then up 468%
AXIM - H 19.80 L 6.25 H 13.46 Now 8.20 - Down 68% then up 115%
VBIO - H 4.24 L 1.31 H 2.75 Now 1.69 - Down 69% then up 110%
AMMJ - H 2.10 L 0.35 H 0.70 Now 0.64 - Down 83% then up 100%
CLSH - H 1.83 L 0.03 H 0.49 Now 0.38 - Down 98% then up 1900%
PRRE - H 2.15 L 0.45 H 1.32 Now 1.22 - Down 79% then up 193%
MCOA - H 0.20 L 0.02 H 0.05 Now .032 - Down 90% then up 151%
MYHI - H 0.90 L 0.083 H 0.22 Now 0.11 - Down 91% then up 165%
PURA - H 0.094 L .016 H 0.034 Now .025 - Down 83% then up 120%
VPOR - H .0068 L .0019 H .004 Now .0027 - Down 72% then up 111%
OWCP - H 3.23 L 0.55 H 1.37 Now 0.36 - Down 83% then up 149%
If you compare these percentages, yes OWCP is the most unusual given the difference between the comeback high of 1.37 and the now price. It's way lower than any of the others listed, down over 72% from that recent high where the second worst is MYHI and BUDZ with a near tie of only 50% down from recent high. At .305, OWCP's recent low, was down 77% from recent bounce. At .305, that's about 90% down from 1 year high of 3.23, and so far every stock such as these examples that has come down 90% have gone back up at least 150% from that point. Since OWCP is so obviously oversold, I think a 150% gain from .305 is a for sure thing as a minimum gain, assuming there is no bad news that comes out that instantly turns all us bulls into bears.
With that said, the smart thing to do is what I've been doing since .60, average down by buying more shares. This will put more money at risk but give you a much higher chance of profit in a much shorter period of time. The lower the price goes from this low .30's, the higher and more aggressive it's going to bounce up. We should see 200%+ gains VERY soon without any news at all. It is my opinion that seasonal volume alone will trigger a rally if a rally is not already triggered by then. We are still in summer and volume is still painfully low on most of these OTC stocks. Good news is not needed to make money on this stock, the technicals, odds and statistics alone are enough to get this back up to the .50's and higher with only time being the factor.
As I finish this post, the price is still positive for the day at .36. it's highly unlikely it's going to make a new low under .305, but if it does, don't fear, instead be excited and buy more, because you are going to make more money if you do.
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