Enzolytics Inc (ENZC)

[Thorfius]

Easy 10-step rundown of OTC stock action after hitting a new high:

1) Run to new high on speculation and positive sentiment. Everyone clamoring "news imminent!!!" or "train leaving the station!!!" across the web.
2) They're wrong. Company is silent / takes longer than the short-term expectation to deliver their news.
3) Positivity and hype turns to doubt and fear.
4) Weak hands and short-term traders panic. Stock declines.
5) Retail doesn't want to pick up a declining stock after it failed to deliver news. Buying pressure evaporates.
6) Further doubt sets in that there is any news to share.
7) Selling continues daily until a major technical level is reached (See: Dec 22) or news hits (See: Jan 19).
8) News eventually delivered or price action rebounds. Investors' confidence reaffirmed. Buying resumes.
9) Stock makes a new high. Everything is rainbows and kittens, people call for "to the moon!!!" across the web.
10) Rinse, repeat!

My advice - Just chill. Go do something else for a while. Go outside. There's little to be gained from watching a multi-day selloff by the minute unless you're actively buying dips. News will come at some point. Unless there is a material change in the narrative, the DD remains the same as it was at the recent high.

We've been through this process several times already in just a few months. This one just feels a bit harsh because we reached the always-elusive $0.25 mark recently and because we don't have filings coming in to "fill the void" in the meantime.