OTC Market Trades

This is a new thread for penny stock trades in the OTC Market, including but in no way limited to pot stocks. I'm not nearly as active a trader lately, I've started a couple of businesses... side note, check out or Google "FootGolf" it is the fastest growing sport in America!

I never post how much I invest. You should only invest as much as you are willing to lose. That is the truth for all investments, but especially here in the stinky pinkies.

Let's keep this thread about the OTC markets and finding solid plays, together. My chart reading skills have improved considerably, and I have a fresher methodology in my approach to searching for momentum plays, which I will share over time.

First play just happens to be a pot stock. I bought my shares of this ticker yesterday at .0022, but I am alerting it higher because I did not have the time to make a thread. I've been watching this ticker since March 15th, right when the chart RSI hit the danger zone. It has since settled and bounced with significant volume today, and a b-e-a-u-t-i-f-u-l bullish candle. The toxic diluters I've seen have pushed their ask up. I don't see any reason why this does not test the 50 DMA at .0051. My sell order is in at .0048, but I will watch L2 carefully.

Alerting FWDG @ .0033.

Good luck, do your own DD, and take profits.

Stay blessed.

what was the significant volume number?  10 million?  Is your play here just calling a bottom?  Good luck doubling up!  Whats your thoughts on the $TVIX?

Hi Dragon, yes I've been doing pretty well picking out the bottoms and looking for RSI's coming out of the danger zone. Highest green volume week in 2 years, coupled with a string of PRs, is part of it. Diluting MMs are off this thing for now. Daily chart is holding strong between the 7/10 DMAs and the middle BB @ .0036. Really needs to close above .0036 to get into the .005s range. If it doesn't close above that today or tomorrow, will exit.


TVIX chart looks like it is doing the same but there will be significant resistance at $2.00 . If it closes above that with a bullish candle I would bite. I would especially wait to see what today's candle and volume look like.

I finally cried uncle with UGAZ this week after losing $25k of my total $48k investment. I think it will hit low 2s before a possible violent trend upward, but could very well get into the 1's.

That's not the stock I'm talking about though. After I sold, I decided to jump in and grabbed VPCO at $1.03.

It's been on a trending cycle as of late. Getting very close to $1, then gapping up to anywhere between 1.10, 1.20, and 1.30.

It's basically an e-cig company that specializes in vaporizers. They're one of the only e-cig companies that are publicly traded. Just opened 4 retail locations in Florida and could open 20 more within this year.

I see big potential with this company in the long term, but also opportunities in the short term. I bought yesterday at $1.03 and sold all of it today at $1.10.

The next time it goes down to close to $1 would be a good time to buy. It will probably head to 1.20 before it heads back down again, but I made enough money to get out.

Downside is if there is a bad earnings report, I think it could go down to 80 cents, but 20% loss really isn't that much risk.

Catalysts for the company are similar to marijuana stocks because people are using e-cig delivery devices to use with marijuana. VPCO went from $1 to $2.50 within days of the last announcement. The difference is that their primary business is for e-cigs which is a rapidly growing market right now.

Hey Slam,

Good luck with your trades, for sure. However, I'm trying to keep the discussion to the OTC Market, so please stay on topic and save the AMEX and NASDAQ posts for another thread.

I have heard of VPCO, and in my opinion, nothing proprietary to the industry. There are many many ECig companies that can be traded. All the same crap made in China, which doesn't interest me. Terrible balance sheet, to boot. Only thing it has going for it is it is near its bottom.

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FWDG sticking around, good volume today. Diluting MMs showed up again. Did not watch L2 today, but great candle and volume. Needs to close above .0033 tomorrow. Looking to sell in the .0042 - .0045 range, take the 25% gain and move on.

FWDG closed above the middle Bollinger Band at .0028 for the first time since the first trading day in March.... technically significant. Look for .0028 to test and hold as support tomorrow. This could signal a bullish uptrend. Take profits but let her run if she goes.

RSI also has not been above 50 since November. RSI hitting 50 will trigger the run. Coupled with this crazy volume surrounding the ticker, we could see a nice 100% move from these levels, IMHO.

Sold FWDG today at .0036, tiny posted profit, but a decent profit of my buy in in the low .0020s. MMs are sitting at .0040 and .0041 at the 50 day moving average. Could blast past it, but I think it has to grind at these levels a bit longer. Dividend news today for those holding on April 17th. If I see a dip back to the low .0020s I'll prob buy some more.

Alerting SRNA @ .101 . I have my buy order in right above some HUGE bids at .10, so hoping I get filled. Lots of dilution here lately, been tracking it. VFIN is on the ask at .106. If they move, this one will run back towards .15 range. Looking at taking profits before that.

Watching ALKM closely as well. Like the chart after yesterdays close, like the action today.

in EQLB  @ .001  looks like its waking up

Damn, didn't go with my gut on #FWDG and it cost me an extra 75% gains I missed out on... oh well.

Rolled with #ALKM yesterday and sold for 100% gainer, BOOM.

Got filled with #SRNA at .101. Toxic MMs seem to have moved.

Taking a hard look at #NTEK, will likely be a buy, if it closes above .014.

EQLB

Yaaaaaaa Rubber, nice hit.

Out of SRNA in the .12s . They released their annual report last night. Read item 9A. Basically says someone was stealing from the company, as far as I can tell. I'm out!

Did not bite on NTEK. Looking forward to next week.

took 100% profit=EQLB ,may reload on a  dip as a few small sells swings the price..............on watch for now

Alerting IGRW @ .0026

here's a pot play PZOO @.0117

thanks guys

Out IGRW with 25% profit.

Alerting PVSP @ .0024 . I'm buying right at the bell. This will test the .0035 resistance tomorrow or Friday. This pot stock has a very very similar run up that TTDZ had last year. This one could be a "throw the chart out the window" type of situation, but conservative gains to .0035 should be readily available. Watch L2 closely if you can.

Also looking at TAUG in the AM on the bounce... Will almost certainly buy after the opening hour of trading.

EQLB = got some cheap a few days ago.... I bank now 2X on this baby

I am also considering SRNA

What do you think of MJNA?

Out of SRNA, though it is still near a bottom I think.

MJNA I would not touch myself, at least yet. Seems like the start of a new uptrend, but I would confirm a bottom.

Thanks StifersMom,

I still considering SRNA and MJNA, MJNA is making a brand.  Quote from BNN "For the nine months ended 30 September 2014, Medical Marijuana Inc revenues increased from $3.6M to $12.3M. Net loss totaled $490K vs. income of $19.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Payroll and Benefits increase from $413K to $1.8M (expense), Advertising, Marketing and Promotion increase from $24K to $1.1M (expense). "  even they lose money last year, but demanding for their brand are increasing, and continue to spent money on marketing and promoting their brand. I look forward to their future.

 

Still in GRCU and PVSP, hoping GRCU makes a lil move. PVSP looking strong.

Alerting BETS @ .0009 . Get your lotto tickets out, play with caution, take profits. Like the chart, hearing a catalyst could be coming.

Good luck StiflersMom,

This two stock is like buying the lottery, best of luck.

BETS not moving much, going to give it a couple days before I try and pull the plug... lotto special!

GRCU waiting for a bounce, even if it is a dead cat bounce. RSI is too low here...

Holding PVSP, will look at this one closest for movement. Will analyze tomorrow.

Alerting LIBE @ .0016 . Will be bidding .0012-.0014s tomorrow. HEMP released news confirming the company has begun sales. Float is confirmed under 200 million. The chart is sitting on a double bottom, and the volume that came in on Friday was insane. Get it cheaper than .0016.

Watch list: EAPH NRTI MJMJ (looking for a bottom)

I like MJMJ, but still wondering the stock hit a 52 weeks high of $12 to 52 weeks low of one cent.  Still considering....but good luck on the rest.