I am not sure to how to even respond to that. From a psychological perspective, a person who retorts with such juvenile attacks probably shouldn't be trading. Being emotionless is really the key to trading penny stocks.
That, being said on to your point, what Obama said has no barring on the market if everyone is already "dry" or tapped out. In fact, none of this news has any baring on the market. This is a tightly controlled game. The only reason why pennies move is changes in liquidity. Some fun facts for you. There are ~ 15000 OTC stocks. 9000 of them are marked with Warnings or fraud alerts. A stock isn't OTC because it has substance. FNMA and MDXG are two exceptions over the last 7 years.
Now, since I am 100% cash if I am wrong about tomorrow I can do something about it but just for shits and giggles here is a prediction. This applies to the general pot sector market as a whole not to any one stock... my ego is not dependent on this prediction. I hope that I am wrong for your sake but at least this way if I am wrong you can feel happy for awhile.
The market will most likely do the same thing tomorrow. Gap up a few percent. Then there will be a loosing of liquidity which will end before 9:45am. And then a tightening of liquidity. The degree of relaxation may be slight or there might be a quick spike and then a crash. The general pattern of the sector will follow a wavelet, just like it does everyday. A few stocks might push through in late trading and create a second spike or a general drift. A few might die off but over all unless you have enough buying power to push through the ceiling that drops on the stock in the middle morning nothing will change tomorrow.
The worst thing that can happen is the MM's decide to force you all out by crashing the stock again. On the Thursday crash 80+% of the trades executed were at a loss. Not mine though, as a showed in another post. I bought that day low and sold nearly up 200%...
Since, few of you can pre-market trade (if any), and gap ups in the morning are just orchestrated MM activity. Not real avid hard-core fans like yourselves.
Check the T-Trades at the end of the day if there are any. They are great to study. If there are T Trades check and determine when the actual trade was executed vs. the price at which it is reported... if the trade is executed at a lower price that pretty much means the MM knew the stock was going down. The opposite is true. If the trade was executed at the price on time then MM did not believe it had control of the market.
AI
