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Friday, July 13, 2018 3:16:51 PM
If you follow 100 MJ stocks on a daily basis like I do, you would see these patterns. It's not coincidence that they all move up or down at the exact same time some days/weeks, over and over year after year. The market is like a living entity, it controls all the stocks however it wants making individual stock share prices unpredictable. I keep track of the entire sector buying vs selling every single day so that I can make these analysis, and I notice over and over that OWCP follows the same trends, while everyone is blaming the company or bashers or whatever. However, sometimes OWCP lags behind on the sector rally but always follows suit, as it has followed suit on the sector decline the last couple/few weeks.
In my opinion, pure speculation, based on past occurrences, it's my guess that if OWCP went under .20, it would set off alerts and triggers that many have set the past year because it has hit .20 3 times without breaking it, and then would quickly go lower before going into another rally. Today it hit .16, I don't know if that was the bottom or not, but so far it's behaving exactly as I predicted, with only 1 problem - the sector is going down on low volume which means the market can still easily bring down this stock again. As much as I hate to admit it given this super low price, it can make a new low again very soon because there just aren't many buyers out there in the world this time of year.
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