Chartmaster: There is None in Pink Sheets!
It is ALL low A/S, News, Hype, and anticipated news here.
You just buy based on the smallest amount of A/S Vs. highest O/S, study how frequently a pink sheet company releases news. And how frequently they do a 'kiss of death to any small investor - Reverse Stock Split'. Analyze how soon they will do another Reverse Stock Split before buying in. If one makes a news release saying NO Reverse Split is forthcoming --so much the better. Gives you at least 6 months breathing room -'usually'.
Keep a Daily Spread Sheet from IHUB's FREE Streamer - watch closely how many days in a row BUYS outpace sells recently and in the past month.
WATCH the IHUB message boards for News, anticipated news and hype. Have a preference - such as pharmaceuticals or Lithium, Graphite, Cobalt, etc. Occasionally Bitcoin and not so much MJ anymore.
But always question ANY stock that strays from their stated business model to an all new business model - which did that in SANP's case and saw some red flags. In this case I took a chance with SANP because of its possible Chinese connection - BUT yet only invested $300 in this gamble when it was very low.
Stay FAR AWAY from those Pink Sheets which have an A/S of say 15-20 billion shares.
AFTER a 4-5 point RUN - and the L2 shows a huge amount of selling off suddenly - SELL off at least half - as the WHALES are off-loading/profit taking -- and it will surely go down. That happened here with SANP. With those profits you can always buy more when the asking settles much lower.
That is basically my strategy. Best you can do in the 'Wild Wild West' of this penny stock basement known at the 'Pink Sheet World".
“Too many people are thinking security instead of opportunity. They seem more afraid of life than death.” – James F. Byrnes
