Wednesday, June 26, 2019 11:56:57 AM
The hard thing is this is the OTC. On other stocks, I hedge my bets with PUT options. If I buy a stock and anticipate the growth of the stock, I will invest in some PUT options to hopefully use them to minimize my losses if the stock prices sours and drops. On the OTC, individual investors cannot "short" the stock and I do not believe they have PUT options, none that I have seen anyway. I have only done 3-4 investments in the OTC and my others have 1 loss, 1 even, and 2 did okay. This is the worst I have seen on the OTC - This adds to a major loss on the OTC for my record. I have backed out my position to the point that I will definitely be in a negative position even if this were to get to $2. I have minimized my loss and sold at a higher price .... I am still holding 1K shares though.
Good luck to you!
Remember to only use funds that you can afford to lose... especially in the OTC.
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