OWC Pharmaceutical Research Corp (OWCP): This stock is way overvalued. Given tha...

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mariosmack

Re: AlexSwiss post# 111064

Thursday, 08/24/2017 10:38:23 AM

Thursday, August 24, 2017 10:38:23 AM

This stock is way overvalued. Given that the 10-Q didn't really compensate for the negative long term chart forecast, it really should have hit .21 by now.

That being said, .28 would not be a double bottom. It would be a triple bottom.

I will admit, I am impressed that the bulls have fought hard and that the .28 support has stood firm, but that can only last so long. At some point, this support is also going to crumble.

The loyalty of the .28 support is gloriously admirable, but I still don't see a clear path forward by buying in the .28-.32 range.

99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.