Penny Stock Soldiers (OTC tradeable tickers)/Momentum Plays

[ThePennyDoctor]

Well, PGFY turned out to be a shit show. Never seen the execs get in such a public fight over a P&D - need to have all the insiders onside before starting one. The damn bad news on the night of day 1 basically killed it anyway. There has been chances to make some money on this one, but overall, it has been crap (too unpredictable). Of course, don't hold this one overnight as it should get halted at some point.

I am the idiot who sold NEWL today at open flat - I picked it up EOD, and dumped it immediately looking for the gap up. Didn't loose money, but missed the 30% pop. Oh well - keep a watch on this one - it will stay nice a volatile for the next few days.

The OTC looks shitty right now to me - the post-PHOT halt era is still in effect, and with the failure of PGFY, looks like it will be sometime before nice easy profitable trades present themselves on a recurring basis again. I will be focusing on the Nasdaq/Amex again for a bit until things settle.