Long term reversal not coming unless there is some major news. Phony news such as a partnership or BS patent may cause a dead cat bounce, but given how little trust the longs have in OWCP, they either sell the cream or they don't.
That being said, if there is a long term reversal, it will be next year most likely. It may come at the end of the year, but there is still a lot of time for this thing to tank some more. In the mean time, OWCP has only 1 revenue source: STOCK DILUTION. Imagine what prolonged dilution will do to the share price.
I was right in March when I said that this would go sub dollar. I was right in April when I said that the .30s would come and they did. Now I am saying that this will remain long term bearish for 4 months at least and we will see some major drops in the PPS. If you are looking to buy and hold, don'y buy now. Do it in the late fall or winter because the winter is coming.
Buying above .20 is only good for flipping purposes, but not to hold. If you are long, do not spend a cent above .20.
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