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Typical Friday dump by traders on the OTC.
Whatever.
I added at .1750 and took the opportunity.
Sooner or later, this will move higher.
Lower OS. Does this have room to run to .03?
Is anyone the slightest bit concerned that the OS increased from 386M on Feb 3rd to 447M as of March 1st per OTC Markets. It's still okay in relative terms but that was a hefty jump. I've been in this stock since last year, in at .02, so I've got a nice chunk riding on this.
That's a good plan. I hope it doesn't go lower but will be prepared otherwise.
I added at .20 and it took three blocks to fill. Saving a bit in case it moves lower. Market conditions are volatile so I will capitalize again if it presents.
Fear taking shape in the markets, which means I'm considering adding here on this gem.
I'm thinking the last time it dipped to around this level, it found some solid support at the .20 range so I may pull the trigger on adding. I have no concerns about the future here.
Um, this is the MEDH board. Not a basher by any means, I was just pointing out the obvious.
Looking across the OTC, plenty of red.
What's the theory behind that, as this one has been going down.
Bring on $17.
Update: A Lordstown Motors spokesperson responded to TechCrunch on Friday afternoon. “We will be sharing a full and thorough statement in the coming days, and when we do we will absolutely be refuting the Hindenburg Research report,” the spokesperson said in an emailed statement.
https://techcrunch.com/2021/03/12/lordstown-motors-accused-of-faking-ev-truck-orders-by-short-seller-firm-hindenburg-research/
Could be an opportunity to buy some discounted shares.
Love to see you shorts burn for this.
Ridiculous with these shorts.
Thanks for the posts. I never understood why you'd want to short penny stocks. As little or as much as I have read, it's a very risky investment strategy and you'd have to find a broker willing to do it. Of course correct me if I'm wrong.
I agree. Most of the OTC was down the last few days. For example, I looked at the most read board yesterday and almost all of them were red over lunch. Highly doubt it's a coincidence, IMO. That means this shakedown, to put a label on it, should be short-lived. I'm looking to add as well as a few others. All the best.
Short stuff, this traded around .008 on 2/8 and spiked above .02 by 2/12. Feel free to look at February's chart. If the share price goes lower, it's because the OTC is down, IMO.
Since all my OTC stocks are down, I'm thinking something is certainly up. It's not a few, it's all of them. I glanced over to the "Most Read" board and yup, the OTC is taking quite the hit.
It was bad yesterday - as of 12:30 pm, 62% of the board was red and these are supposed to be tickers that are popular for the moment.
Today, much worse, a lot worse. As of 1 pm, 42 out of 50 tickers are running red - 84%. What?
The point is - this shakeout or whatever you want to call it is causing a cascade of panic across the OTC.
Folks, this company is fine and what it's doing is fine. Be well my AMMJ's.
Buy zone here. Last time it hit this level, it bounced.
It's a good question. My OTC holdings have not done well the last week and if you've been paying attention, the news surrounding the SEC in the securities world could be causing some unfair and unwarranted downward stock pressure. It's BS, but we have to roll with it.
The 10K is what it is, it's a young company, solid share structure, we have a congress that could legalize MJ, reopening up of the economy due to COVID, and the shape of the acquisitions this company has made will all factor in as we progress through the year.
Those who are short-sighted and felt compelled to hit the sell button, well, perhaps this is a stock that may not be right for them.
10Q is out, a month earlier than last year. All in all, not surprised. AMMJ showed a decrease in consulting services year over year, yet showed an increase in product & equipment. Okay. It's business as usual from here. Forging ahead. 2021 should be good with the moves they are making.
This came down to hit my bid at .013. Really didn't think it would happen. I think it did happen because the OTC is going through a bit of a shakeout...for the moment.
OTC Markets updated March 1. OS at $75 million which amounts to only a 18 million increase in the past 6 months. I've kept track. Although they've been adding a mil here and there, the share structure is in great shape. Nice dip to take advantage of.
CZNI is pink current. I'll make this simple, here's the OTC markets link.
https://www.otcmarkets.com/stock/CZNI/security
This has a lower OS compared to 95% of the garbage that's listed on the OTC, which makes this undervalued at the pps it's currently at.
It's a buy. I'm adding.
Took out a starter position today. I think there's nice value at this level so we'll see...
Standing firm.
Me as well. Good feeling here this is going to pop. 35 million traded this past Friday. Something is up.
Love it.
Nice opportunity to add at this level on a Friday. This had room to grow when it was in the .50 range. Let's go people.
This was a bright spot for me today. My other OTCs didn't do well but this one closed up nicely.
This shall continue to move higher.
.60 seems a lock and would not be surprised if it blows past that.
I'm liking this one as it's still a bit under the radar and showing strength in holding this base. I'm watching to potentially add. Let's get this on the Breakout Board and it will see more eyes.
Geez, do I have to buy more. I just got into this...
This is a shake of those trees. Hang in there.
Yup, been watching this one and took out a starter position. Let's see how she does.
This one is on cruise control. Lot of room to grow.
#24 on the Breakout Board as of this morning.
I like this stock.
Happy with the way its trading today. Would like to see this back on the Breakout would be nice.
Grabbed some more low 8's while I could. I have that bullish feeling on this.