Sunday, February 21, 2021 5:45:32 PM
Now, to explain this, for lack of a better term, irrational exuberance, I think all we have to do is look at the current trend on the OTC, where it seems the volume has increased exponentially everywhere! It's like the Reddit and Robinhood types have discovered the wild wild West in the OTC with trillions and trillions of mostly unregulated shares, compared to what they had been trading, and now they are like kids in a candy store!
And get this, all these new investors are convinced that everything they buy in the OTC goes up! And, for them at least, right now everything does go up: every stock they hit has to go up because they are like a swarm! In fact, with their numbers and sheer volume they are driving all of these penny stocks into nose bleed territory, even the ones that are dark and defunct, some even bankrupt! Then when they are done with one run they just move on to the next!
I've been trading more than 30 years, half that in the OTC, and I see a trend and I don't think it's going away anytime soon; just waiting for their next stimulus check! Then too, all of these new investors are only just beginning to discover the OTC. And as they do they are dropping Robinhood because it does not allow them to trade on the OTC! Furthermore, they got slapped around a bit in Game Stop by both the SEC and the big boys controlling the Hedge Funds and practically everything else too! See the following article; good read:
https://www.reddit.com/r/StockMarket/comments/la8lrc/robinhood_exodus_and_otc_cannabis_stocks/
Bottom line, I think Fernhill is next to run... Especially with the expected upcoming PR detailing the order Fernhill is filling, likely right now as we speak, to the military commissaries in Europe. Finally, everything I see tells me that $FHBC is set to run and run hard! In fact, this next push could break those 40s and then Penny Land is only just a hop skip and jump away! Go $FHBC...
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