Since this is my only post allowed today , we need to be VERY cautious early next week not to get ahead of ourselves.
All of the daily short term price predictions made here have failed. (For the exception of a few chart guy's and OTC minded investors )
There is the long term story and the short term price movement story.
We all know the long term here, fairly predictable.
OTC is the Wild West. I've seen MM's drive stocks so low some of them have never recovered.
OWCP is a different story. Hype, Fear and pure emotions drive this stock. Up and down. As much as we don't like to hear this , the downward roller coaster may not be done yet.
IMO volatility is just getting going. The swings coming up could be extremely violent. We can potentially see OWCP at .80-.90 cents on Monday and then close 50-60% higher that day. Then next day trade above $2. Then back to $1.50 and so on back on an uptrend.
Volume on this is about to surge as we get closer to results. Traders will be flocking in again once trend turns up.
If I'm correct, prior to any news (hammer that is) OWCP should be trading between 2.35-2.85 range.
Depending on results and any setbacks, the fun will just be getting started.
Everyone knows I'm long and trade this stock. It's ok to sell your shares sometimes to make a profit. It allows me to build a larger long term position. So the hold on to your shares while the price is plummeting theory ? Well that's just awful advice. BUT if you can't part with your shares , get ready to buy a shit load of shares in the next week or so and avg down, .90-$1 prices will happen quick and be gone just as quick.
When the overall markets correct, investors sell. Even google will sell off. Not because of fundamentals , just because it's time to take profits.
You can always buy back in at anytime.
I don't mind paying 38% in taxes. It ends up less anyway if you have a good accountant. Write offs write offs. We all have them , if not go find them
Enjoy the weekend. It's 75 ,windy and sunny down here in Palm Beach
G
If you don't like what I post, DON'T read it!!!! Gabish?
