China Unlimited

[Traderfan]

Seems like the recent massive OTC liquidity is drying up. Are you seeing the same thing?

It's all the SEC once again. They started to suspend tickers again 10 days ago, but not just the SEC delinquent which most know about the risk by now, no they started to suspend tickers that had too much "social media" pumping and went up big time. Just out of fun because they can. That was the first confidence shaker for many last week. Now yesterday the SEC suspended 48 tickers on one day, SEC delinquent and dark combined, most of which were "inactive" for some time being.

So the SEC actually brings out an new proposal a few months ago which turned then into a rule that dark companies need to get current and start this process by june and from september on the rule is getting enforced and dark companies will go to the grey sheets and then they go ahead without warning and suspend dozens of dark companies in february, how does that make any sense?

So yes many peeps have been hurting big time last 10 days and the big momentum and hype is probably gone for now, granted the otc was overheated, we often talked about it, no doubt about that. Today at the open was a solid sea of red almost everywhere down here which I haven't seen often like this in the last 15 years, but it stabilized for now. Definitely sticking a lot more to my quality plays for now.