Hey guys, just a quick reminder that I gave everyone fair notice and fair reasons a couple days ago. Be sure to click like and subscribe if you want to actually make money in the OTC. Cant say I havent been telling you so.
LazerSharpTrades
Tuesday, August 15, 2023 5:40:16 PM
Post#
37327
of 37450
Just think about it. (Disclaimer: I'm making my argument of WHY I believe the stock will drop lower. This does not include reasons of why the stock could rise. You can go to Kissinger for that lol.)
There were a ton of retail who likely held today hoping for a bounce tomorrow to get out. When that bounce doesnt happen, they sell dropping it more over the next few days.
If there isnt some out of this world news tomorrow about anything, then the bad taste of today will still be there, another reason for more sell off over the next few days.
Then we have to remember that 35% + of the float is locked up with 13g investors. A locked float is great going up, but worse selling off. It can move things quick BOTH ways.
Then come Monday if they dont have the fins out on time, more reason for the sell off to continue as people worry that the stock goes back to expert market like I believe it did in April for a few days.
Then when the fins do come out, we all know that Apr-June produced little to no revenue, so they wont look the best, especially to new retail traders.
Then you factor in the news of the 2.5b to 3.5b shares added to the structure. Sure, this doesnt matter much in the grand scheme, but just hearing the words "raised A/S" will send people running, especially those who dont understand what it all meant.
These are my own personal opinion and evaluations of why the stock could hit .0005-.0006. Dont take my advice, make your own decisions.
