Thursday, February 04, 2021 8:19:21 PM
A/S reduction news on a 12M O/S, prob 9M Float, could send this parabolic. The fundamentals of the business don’t really matter in this moment. Low Floats are a beautiful thing!...especially when they are trading at $0.23
I’m with you GC. I will never “invest” in an OTC again, or maybe any stock for that matter. Since VRUS, I have found my style Swing Trading beaten down bottom play stocks expecting a reversal and/or Low Float stocks expecting catalysts. It just so happens that my knowledge of this stock and knowing it’s history brought me back. This is both a beaten down bottom play and a low float.
And if most of the debt is wiped away from converting pre-split, then that is another MAJOR catalyst on a low float that can send a stock like this soaring.
So while I don’t particularly love the company, I do love this set up for a trade.
Beaten down pps, A/S Reduction, Less Debt, Post RS,
and most importantly “Low Float”
If Anshu times these right, this stock will be north of where it was at its highs.
Lesson to us all, TAKE PROFITS!!!
All my opinions, not advice
-C
“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16
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