Backing Momo on Potential Reversal<<<>>>NotSameAsBlindPumping>>>>>... ...even if there is some blind pumping going on too .
A number of the reasons for backing the Momo for a Potential Reversal on This Stock HBRM are on The Board (that I'm not repeating here and can be seen scrolling back over the past 2 days) ... and they are not blind pumping.
Regarding what you mention as “ the fact the stock had a high of .10 and is now trading in triple land,” … in response to that it’s common knowledge >> countless numbers of OTCs have gone from .10 or even Much Higher and then down to TheTrips … and then made Reversals back up to where they were, or even Higher (and some remain back up …and some fall back down again). And, as "Maddstacker" noted, it actually had a 52 Week High of .44.
Again, many OTC Stocks have been there, done that, gone from 10 cent figures, or even dollar figures per share, and Tanked to The Trips……and then were good trading stocks after that, for various amounts of time from a day or two to a month or two and some for years afterwards.
So while mentioning that as a reminder that the stock is in the tank, it should not be looked at as a given that one should not trade it.
Main Point …..There are Numerous ways Stocks can be Traded, with the least time Holding them minimizing the Risk the most, aside from not Trading them at all. Riding the upward Momo as Long as one can and timing selling perfectly, of course, Maximizes Profit.
Should Go Without Saying ….. Most OTC Stocks are in The Tank, and looking at that with a Rule to not Trade them because they are Rock Bottom is a sure way to avoid losses …. yet also would lead to many missed Opps for experienced Traders, Real Traders, to make Money on Calculated Risk.
Trading is based on Risk Taking, Most Especially in the OTCs.
Minimizing Risk is good, yet if that’s the end all be all, then OTC Trading is the Wrong Place to be.
Instead, trading Mid Caps on the Dow Jones, where one is lucky to get 3 to 6 % a year on most ‘safe bets’ there, if they even can do that, that's where Risk Minimizing Traders Having that as Rule Number One should "Investing," and not "Trading," as its done in the OTCs. Yet still, here are No Guarantees there either, Especially “Trusting “ Brokers to do the Trading.
While there are always a few stocks that trend up steadily in the Dow, one has to get in at the right time for those and be able to afford the Big Investment for any Decent Returns.
And if one really can trade trends ….trading the Dow can be done better <<channel trading the charts>> Buying up and shorting down the charts on stocks like CAT, UNP, F, etc…. if the Share Price is Affordable to one to make it worthwhile
As far as the CEO being old is concerned, the comment is useless and irrelevant, and in the same category as blind pumping is, juvenile.
I have figures for Share Structure yet will not Post them here because I always look at them with some skepticism and will not post any potentially misleading figures on The Board. The figures ‘out there’ for Share Structure are always questionable in my view, and that’s part of what I accept when deciding what to Trade and How to trade it.
Some numbers have been Posted already, yet if you can’t find those, keep asking about Share Structure on this Board and there will be responses.
AI
