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Tuesday, November 23, 2021 11:13:37 PM
Saw it with crypto too right before that pulled way back!
I'm under the impression the OTC is mostly traded with computer algorithms now. The market movers can draw whatever they want for a chart, and their software will adapt day-to-day to make it happen. Stuff is allowed to run temporarily to keep retail pouring in new money. The important takeaway is that regardless of pumps, everything is currently in steady downtrend.
Eventually MMs will need to let stuff run to continue making money, but imo they're nowhere near draining all the retail that's hanging on for better days, and people are still falling for the dead cat bounces and reddit pumps.
$ENZC is one of a few OTC companies in its space that actually has solid DD and a bright future ahead. And even it can't keep its head above water just with patents and promises. I'm in another OTC bio ticker that was up 6% today, but only because that company has an actual breakthrough drug on the market to accompany their patents and promises - that's the kind of clout ENZC and its peers need to build to overcome this market's downward pressure.
Re: a market crash? Increasingly, retail is selling out to be able to afford skyrocketing inflation in the fall and winter months. The government's policies seem to be anti-capitalism and anti-private-sector. Crashes happen when too many investors feel deeply bearish, get triggered by a catalyst (which might even just be other bears selling into a red candle), and rush to take whatever they can get for their shares. Personally I'm seeing waning optimism in most tickers, and flippers everywhere. Further bearish catalysts when the market is this depressed could cause quite a dent!
Recent ENZC News
- Small Cap Recipient of Military Drone Technology • InvestorsHub NewsWire • 11/20/2023 01:14:45 PM
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Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
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HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM