Sticky Note: When you see me post >>>>>>>>
You should think TWO basic ideas....
A.) SuperC is Day Trading [tick calling]
B.) SuperC is not Day Trading [no tick calling]
If you see a post like WRAP, it should be obvious WRAP is not moving just by watching your Last_Sale Screen.
So if it's not moving, think DD_Research In Progress
When you think DD_Research In Progress, it's not moving and not meant for a Day Trade.
If I call a 10Day Alert, the first thing you should do is type the symbol into BOTH L2 & Last_Sale. Watch the action, notice current PPS. If it's .007 and I posted it at .002 why on earth would you buy it for a quick run.
Basically and without lots of boring data.... simply think: Is it A, or is it B?
If it's A
has it already had a run, did I DD enough before buying?
Did I have an exist price built in?
If it's B
, have I done enough EXTENSIVE DD if I decide to buy?
If it is B
one of your 1st research points should be: Is there enough data chart/news/other too support a bottom here?
What I try and do with EACH B
post, is gather enough data similar too GEAR [check all info about gear then]. And make sure, [that is lots of data-points too feel confident]..... that if it drops? Said symbol should not DROP rapidly from a recent run, extreme float, bad rumors, etc.
If everything I DD points too a lower price even though there's great news, a great model and look too said symbol.... I'll simply move on.
That's why at this time one of my favorites too further DD is WRAP .0022 http://stockcharts.com/c-sc/sc?s=WRAP&p=d&b=1&g=0&id=p17970548896
The chart here is a great starting point:
How has the A/D changed over the past few months?
What was the 52wk low?
Is there enough recent news too support current low?
Is there dilution? Last Security Details?
Who are they partnering with?
Is the business model sound, unique?
KEY: When I initially look at a possible play, I seldom examine financials too seriously. If you would have looked over GEAR last FIN: http://www.otcmarkets.com/financialReportViewer?symbol=GEAR&id=65804
Cash and Revenue? You would NOT have played it.
No matter who states my last sentence... you CAN NOT P.L.A.Y OTC's that way! PERIOD!
If you think you need cash or revenues too DD a play like GEAR?
Stupid IS ~ Stupid DOES LoL
Know how too DD Short Term Trades!
Know how too DD Day Trades!
Know how to DD Long Term Trades!
ps... excuse the errors, I did not proof read.