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crazy horse 0

01/25/17 8:38 AM

#41520 RE: Pussim #41517

Great Post Thanks

for your insight!!!!!!!!!!!!

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This far out of the start of trading, bids and ask don't mean anything....you should see a realistic bid and ask more towards the open...usually 1/2 hour or so before the market opens...

Also MM"s that want to stay out of active trading usually place their bids and ask a bit away out of the action..I saw people here yesterday commenting on where these were and it was a sign of what is to come....again...not true...

I am a former broker/agent, and have my series 7 securities license. I taught people how to daytrade in the past and understand how the markets work and the games mm's play. A good friend of mine works for Goldman Sachs...he told me that a lot of the times during the day MM's specifically go after intra day traders to shake shates lose..

We have seen how the mm's over the last few days slam owcp down to shakes shares lose...inevitably the stock goes back up..

THis will get harder and harder for them to do in the coming days as we near 1.00.

Obviously there will always be people willing to sell...but for those that still feel unsure about this....if you feel uncomfortable and are scared and feel anxiety at all over trading...let me tell you that this is normal..

I went to work every day feeling like this...that is the nature of what the market can do to you and realistically the most important thing is to have a good psychology around how you trade, your positions that you're holding along with a plan on how you plan to eventually trade out of your position depending on the market and what the company is doing..

In the case of owcp, we all know about the company and it's plans....that's the easy part...

Know what you are holding onto but never lose sight of the fact that anything can happen here as we don't control anything really except the ability to hold onto our shares or to sell them.

I will say this in closing.....the opportunity presented by owcp and many legitimate MJ stocks is mind bending.
I haven't seen this kind of excxitement in the market with such enormous upside since the late 90's early 2000's when tech was exploding.

I used to specialize in trading IPO's..It was insane and so fast and almost impossible to see bids and asks as things changed in milliseconds.
That was a huge rush.

This is historic! Enjoy this as we are all about to expeince something that will only happen once in our lifetime regarding MJ!!!

Puss
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1990

01/25/17 8:38 AM

#41521 RE: Pussim #41517

Well said. All fact no pump. I admire your post. I will now follow you. OWCP!
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bullpower5000

01/25/17 8:38 AM

#41522 RE: Pussim #41517

you replied to the wrong person. I specifically said it doesn't mean much
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Ortiz26

01/25/17 8:44 AM

#41526 RE: Pussim #41517

Great post bro and very informative. Newbs need to read this a few times and fully understand what goes on.
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Potvinsux

01/25/17 9:01 AM

#41532 RE: Pussim #41517

Thanks for this info! I've learned a lot since investing in OWCP from people like you.
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W4

01/25/17 9:02 AM

#41534 RE: Pussim #41517

Good post (for a change!).

I think it would do a service to board followers for you (or someone) to post a note about exactly what ARE market Makers, and how they can influence markets (and why).

There is much talk here about MM's doing this or that, yet I predict most of these foliks have no clue what they are even talking about.

MM land is a bit mysterious, and I think someone with intimate knowledge of the MM business could provide the board with a good service with such a post.

And newbies.... please.... this, or any stock (but especially OTC stocks) are highly eratic, the odds are that you will lose. Only risk what you can afford to lose, and don't get dollar signs in your eyes and "bet the farm". Do not get swayed by the rah rah of this crowd... some of them may even be getting paid to post rah rah. The reason the reward can be high is because the RISK is high, that is a fundamental law.

And remember.... You never go broke by making a profit. So don't let your paper profits come and go.

I am in at .17, and enjoying the ride so far, so hoping the best for OWCP.

big
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Boyo8023

01/25/17 9:11 AM

#41542 RE: Pussim #41517

Good post. I think every new trader should go through a reverse split just to get their feet wet. Lol I did my first trade about 15 years ago and a few months later I noticed all my shares were gone and I was confused and angry. Now that I started trading again, I can stomach loses because the money I trade is money that I consider gone already. I am not a veteran trader I am a beginner. Luckily when I started again I came across this jewel OWCP! and I got in another stinky that took my money lol $pom
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Triple9

01/25/17 9:23 AM

#41551 RE: Pussim #41517

I'm a former MM, although I never made markets in any stocks/ETFs that traded below $40 a share.

MAXM as of 7:35 has 100 at $2.00. Yes, they are sitting out.

ARCA (great guys btw) have 3200 at 0.80 as of 9:01. They were at $1 earlier.

VFIN's $1.00 is from 1/3, so they are obviously sitting out too.

INTL has 100 at $1.27 as of 7:35. Sitting it out, or a vote of confidence?

There are all sorts of manipulations that MMs can do. If you look closely, you can tell if they are just trading, acquiring or disposing. I don't have a Bloomberg terminal so I can't do in depth research, but it seems to me most of them are actively trading the stock and some are actually acquiring.

Also MM"s that want to stay out of active trading usually place their bids and ask a bit away out of the action..I saw people here yesterday commenting on where these were and it was a sign of what is to come....again...not true...

I am a former broker/agent, and have my series 7 securities license. I taught people how to daytrade in the past and understand how the markets work and the games mm's play. A good friend of mine works for Goldman Sachs...he told me that a lot of the times during the day MM's specifically go after intra day traders to shake shares lose..

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crazy horse 0

01/25/17 10:29 AM

#41610 RE: Pussim #41517

Pussim Question

You being a former broker with a lot of experience what would you suggest (if anything ) that The Company OWCP Management do to increase it's potential and awareness to becoming a major Pharmaceutical Cannabis contender ?

Thanks