The MJ sector has been down big time the last couple weeks. Low volume, even the ihub boards have low volume. Many people are speculating all the reasons for price declines in various stocks lately, blaming this CEO or that market maker, or calling scam, dilution, or various other reasons. None of anything to do with WHY there are declines or spikes in pps makes any difference because no matter what you or that person believes, nobody will ever be 100% correct all the time therefore it's all speculation. The only thing that matters is which stocks will bottom out in this decline and pop back up over 100% in the next week/month/2017? I'm betting most of my account balance that over 90% of the stocks in the MJ sector will eventually double in the short term after bottoming out.. some will bounce, some will pop on news, some will slowly uptrend, but somewhere around 90% will rise again before they fall. That means 90% chance of success for you if you average right.
OWCP is a slow decliner. Only focused on the declines this stock has had, you can see it's not highly volatile and takes a siginificant amount of time to decline. However it has had some major very short-term runs recently and in the past, gaining huge percentages in 2 days time. With that said, and given that this company has an excellent chance of delivering something very positive in the next 1-12 months (news about progress/milestones for the company that point to revenue soon), in my opinion the smartest play for OWCP is slow accumulation on declining price starting in the mid .30's, while waiting for news and selling after 1-3 day rallies, but not selling more than 1/2 or 2/3 of your position in case it continues higher. Let a chunk ride in case you're wrong about where the top of the rally is. I believe only news with real meat in it will make this stock uptrend over 200% from current price.
But if and when you do see the news most people are waiting for, everything will change. There will probably be no more slow declining because there will be new investors and traders buying in that have been waiting for the news, and they will bring new charts to this stock, which may or may not mimmick previous patterns. This stock could uptrend to $10+ in only weeks or months and shock everyone, or it could barely hit $1-2 and something unforeseen will come into play and keep the price down... who knows! Again, all that matters here at this point in time is finding the bottom and waiting for the news, which brings me to my point...
The fact that this stock is a slow decliner is absolutely perfect for waiting months (and has already been many months) for the big news, because all you need is the right play and patience, and the size of your position that is comfortable for you will make you very profitable if things do fall into place. Unless, of course, the company hits some major road blocks, possibilities that many may consider probabilities, that no doubt will be the deciding factors of the failure or success of OWCP, which will, no doubt, reflect largely in the pps. It's a long term play with low downward volatility, excellent upward volatility, and great potential. In other words, it's not a pump and dump play and price decline is expected, if not likely.
Buy and hold. If you are an all-in and all-out type of person, you need to decide which price you want in at from .01 -.36 and stick with the stress if it comes down. If you are an accumulator, be a little more bearish to have less stress on yourself that is only caused by greed. You can always buy more when the price goes lower, which is the point of holding a smaller position, saving you from some losses. Also, you can always load up minutes after news is out, only missing out on a few pennies if you have your order in on time.
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