Hence the concept of OTC Hell, as I am learning.
In a NASDAQ stock, if there is great momentum and demand, the price can swell immensely.
In an OTC stock like this, the MMs can absorb that momentum in the form of naked short selling, and then cash in when people lose interest a few days later and start "bid-whacking". (Frustrated stock holders simply start dumping stock back to the MMs for discount prices, giving the MMs a nice profit).
For most OTC stocks this is incredibly profitable because many are multi-day pump and dumps that people are sure to lose interest in quickly.
The MMs lose however, when they blanket apply this policy to all stocks, including actual promising companies like ONCS. When a stock has a multi-month or multi-year interest in it by dedicated investors and traders, then their shorting tactics fail and they are forced to cover at higher and higher prices.
Essentially, for most stocks the OTC MMs act as vampires sucking hope and momentum from them to line their own pockets. And that's why it's important that ONCS gets off the OTC eventually and onto a bigger exchange.
I think we will see that very thing happen in 2014.
I can't promise I'm a permalong, but I know that I'm in for my stake well past current levels.
I should add that the bear-raid this morning was a clear indication they are getting desperate, as well as the various codes that are popping up in the share # orders. The fact that they dumped millions of shares (all probably naked short) onto the bid this morning and barely caused a dent fills me with a big smile.
Instead of solving their problem from the past couple of days, they've only made it worse, and I honestly think that we could be in for an epic day here soon. If a PR piece hits, Oncosec reports news (even a schedule), and they finally have to cover... we could be looking at a rocketship into the .60's or .70's.
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