In OTC, things are always orchestrated by MMs...and BYOC is no different, BUT it has a LOT going for it. My question to is how likely is Boustead and BYOC to not be able to pull this off? What is thier success rate on IPOs? Trying to research this, haven't found a good site yet.
Read the stickies, healthy consolidation. ...The rsi has been in the 90s for 3 weeks in row.....rsi is 57 and there are 2 more acquisitions left....im adding
Chart looks healthy to me. It was moving in a steady stair step pattern, then exploded on news. A retrace should have been expected. Being down 32% in a day isn’t that major after 5 days of gains - 3 of those days over 15%. BYOC has a proven CEO and a partnership with a company that specializes in up-listings. In addition they have access to funds in order to complete acquisitions (planning for 3).
There’s also plenty of interest here as it’s traded over $5M over the last 10 days and the 20 day average is $310k per day.
I’ll be adding anything below .10 & anticipate a few days of consolidation before the next major move up. GLTY!