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Wednesday, August 07, 2019 4:17:40 PM
First my experience with OTC:
My record on OTC companies just like this one is 100%. I like to stay away from OTC. This is my third time investing relatively significant money compared to the middle class, on a previously scammy company that finally hit something right and is in a high-growth emerging US industry with spotty and unanswered regulatory framework.
These are the OTC companies I look for. Of the previous two, one was bought out and the other moved up to NASDAQ where it went on a fantastic run and after a few years on NASDAQ, has settled back down.
Today is classic OTC. You can literally predict that the below will happen with this type of specific OTC company:
- Solid company now, but checkered past
- Irrationally volatile trading through a lot of people looking for quick hits and manipulators
- Trolls coming out of the woodwork to slam the company, annoying everyone (these people have no lives and are deeply unhappy and aren't nearly as successful as they pretend to be on these boards - they live here to feel better about themselves)
- Short-terms freaking out because they invested too much into this and they need that money (These people should be investing on OTC, you need to build generational wealth, not try to hit it big on the OTC...be smart and get out of here and talk to someone who has real wealth and listen to them)
- Longs and ultra-longs sitting back and buying more (like myself) who believe we need to wait through the regulatory questions and wait for the marketplace to establish itself.
Gang - this is going to happen. This is the wild west.
Which category above do you fit into?
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