Sheesh. This isn't brain surgery.
The stock moved from 0001 to over 007 in about 6-8 weeks. People kept adding as the company issued more updates on filings. The stock sold off when traders thought that the update was the last PR/updates they'd see for a while.
The sell-off caught a LOT of traders off guard who had bought the stock above .003. Fear is a greater motivator than greed. So, we saw a fear driven sell-off that was WAY overdone. Yes, WAY overdone.
It may take 30 minutes or so on Monday for the dust to settle, but make no mistake, sell-offs like these normally rebound quickly to test previous highs. It may or may not happen here, but odds are it will happen. Calmer heads prevail over the weekend and early next week.
If you liked the stock at 0065, you should LOVE the stock at 50% discount from that price.
Its the way it works.
The OTC has been on FIRE. With all of the liqudity in the market, that's not changing next week or this month in my opinion. That liquidity has found its way into the OTC stocks, the most speculative part of the market.
Buy the dips, sell the rips works for me and always has, but especially now with all of the liqudity. We're in a once in a generation market. You can either embrace it or be scared of it. Which one will each of you choose?
Have a great weekend.
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