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chemist72

03/21/24 10:21 AM

#19345 RE: tothe #19338

TY for your opinions.

Obviously I like to buy or add near the bottom of a pullback or consolidation. However, on OTC I've seen pullbacks/consolidations that you wouldn't believe unless you experienced them yourself.

Technicals are obviously important, but I've found that sometimes with OTC tickers, "guesswork" works almost as well. So I will take little nibbles here and there on pullbacks but save the big buys for capitulation moves (if they occur). If capitulation doesn't occur, then I'll be happy with my little buys on the way down until the next cycle occurs.

Anyway, just my own opinions on dealing with the volatility of OTC tickers. In my old age, I've gone to mainly NASDAQ and NYSE investments in my portfolio. Still haven't completely shed my OTC tickers but am looking to do so in the near future.

Tbh, been looking at GDVM for quite a while and am interested in the possibility of this ticker uplisting sometime in the next 2-3 years so I don't really plan on doing much short-term trading with GDVM. Currently just trying to accumulate a solid position with an average price below $.02. So far I'm on track at least as far as that goes.

Keep up the good work here on GDVM.
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Eagle1

03/22/24 10:38 AM

#19358 RE: tothe #19338

Thothe can you chart the russells small caps? Are they primed too?
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chemist72

03/22/24 5:49 PM

#19362 RE: tothe #19338

Well, $.0210 didn't hold. Today's low $.0206 >

Think there is still some danger that GDVM might move BELOW $.02 next week. One potential trigger for this might be a LATE annual filing.

Annual is "technically" due on March 30 (90 days after Dec. 31). But since March 30 is on a Saturday, SEC rules permit filings on Monday (which is April 1, April Fool's Day - lol).

Just have to wait and see how this plays out. I don't foresee a significant rally attempt from current levels until GDVM Annual Report/Disclosure is filed (whenever that happens). I'm lying in wait for any move below $.02 with plenty of dry powder.

Could be an "interesting" period of trading for the next 1-3 weeks.

We'll see.