LT- indeed! chasing runs seems to be a particularly losing proposition on OTC stocks. from sitting back and watching i see most of them die after 2-3 days.
Comparatively- On big board stocks you have ETF software, CNBC talking bubble heads and Cramer keeping the "pump" runs going in certain stocks / sectors for weeks (and sometimes months) at a time. actually most of those turn out to be much better short sell plays (e.g. Facebook \ Apple tank).
Another wonderment runner has been RXMD. Perhaps, at rare times, technicals combine with solid fundamentals to sustain a run for an OTC stock- At least to a point of 'FMV' for the stock based on present situation. I cant say that for certain, just throwing a thought out on it for conversation's sake.
RXMD I could plausibly see the extended run based on reported net revenue and paid off debt, to say .10-.12 level as "FMV". At present level, SP is too high now. IMO.
FUSZ, I don't see what's holding that huge price up there.
Question on the FUSZ chart you linked, if you don't mind- I noticed that preceding each run up in SP, DI+ and DI- are reaching convergence, and stochastic is at low end moving up.
From a strictly TA perspective, is there merit in expecting an upside run when we see these specific technical indications occurring?
I suppose asking this another way, what TA items are of most importance to you in signalling upcoming run for an OTC stock?
TIA!
Buy companies with cashflow, execution & undervalued mkt cap. Don't base knowledge on what someone said on a message board. Don't use stop losses- EVER. Lock your shares by placing GTC sell at high price, MMs & shorts cannot borrow them to affect price.
