No what bothers me is seeing Z*MRK drop 50% when news came out because Hanergy wasn't mentioned but no Hanergy in the PR
from trips to near .02 cents tells me it was due some retracement and backfilling.
That's a fact in charting. A stock that performs nicely will ascend with an upward W pattern. Yes that includes dips and it will be based on rising moving averages among other factors.
If we run that high I am sure many of us will not mind a slight pullback before we continue to higher levels.
In reviewing some of the OTC's Q1 biggest runners (being a part of several) frankly none have the setup this holding has and the star power of its management team and directors.
In the OTC, management is everything. I think what has everyone excited is they realize this management team would not take the time to acquire and bring to 'current' a shell they don't intend to do something very positive with.
This will not be your typical OTC stock r/m. You know the one where a shell reverse merges a farm in Guatemala that has special soil for growing special corn that makes reindeer fly. Seriously there are some doozies out there.
We are off to about as good a start as any stock I have been a part of.
From the company's perspective I see no over promising. Management's form of over promising is merely being a part of this acquired shell and being successful in their own right.
Also I will mention stervc is class act and very professional. He gets answers and is very good at confirming details as it pertains to company's and stock's. He gets the facts and clears up loose ends and I am glad he did so here.
Have a great weekend all!!!
ALL POSTS are just my opinion! Never BUY/SELL stock based on only them! Perform your own DD and make your own decision!