I've been trading the OTC for 8 years... when you know... you know. But one look at that volume from May 26 - May 30th says it all...
I have good reason to believe the company is releasing news about psychedelic mushrooms very soon. That is my secondary reason, besides the chart setup is about as pretty as you will ever see for a run, IMO.
JIAXF/Chinese copper. Bought at 1.00/ flew to 3.20 today/wow.
Ok, I've been back in the OTC saddle for the last few months, trading full time, now. It's been the most insane market I've seen in my almost night years of doing this. Going to try and keep it simple. Lots of runners. I am mostly focused on the crypto, cannabis, and psychedelic-assisted-therapy plays, as they are the hottest right meow. I prefer charts and technicals, so I try not to give price targets. Take action as it's given.
Stocks I'm swinging short-medium term:
$EVSV @ .085 . Crazy tiny market cap and share structure. 5.1 million float. This will move, as all other cannabis tickers have.
$GPFT @ .06 . Love the chart on this one. Licensed canna company in Palm Desert.
$CNGT .039 . Cannabis big merger coming in. Low float under 100 million.
Stocks I'm swinging medium-longer term:
$PVDG this has been my biggest gainer since Summer. Holding my shares since .0025 . This will go to multiple pennies in February, .02 in the shorter term, IMO. Alerting here at .0135 . Chart is very hot, and does need to cool off soon. Feel a bit silly alerting this here, but unicorns like this don't present themselves very often.
Stocks I'm swinging longer term:
$SEEL 1.44 This is a ketamine-assisted-therapy play. Going long here.
Lottery picks to leave trip zeros .000x :
$NSAV .0008 cannabis
$KYNC .0008 cannabis
the DD on $NSAV is fascinating because on 11/28 they put out a PR announcing they acquired rights to purchase 20% in Sosa Entertainment, LLC and a 20% stake in Pro Music Rights Distribution, INC. Owner of those companies is one Mr. Jake Noch . If you've been around the OTC longer than this bull market, you probably recognize the name... Well, Mr. Noch is winning lawsuits left and right against the biggest names in the music industry, and he's about to settle against Spotify... hmmm the plot thickens
https://www.digitalmusicnews.com/2021/01/14/spotify-pro-music-rights-settlement-talks/
I've had it since .0004 - .0005 and was about to take profits, but this could have the makings of a monster..... this PR came out yesterday with Spotify and I'm just now seeing it. Currently at .0013
Just to recap the first post from before market opened 6/29:
$BRLL .0057 went to .0087 , twice - 53% gain
$PVDG .0011 went to .0147 , more to come - 1237% gain
$KNOS .0775 went to .45 - 481% gain
$GOIG .30 went to 2.15 , post split and name change price 617% gain
$MGON .0063 went to .0238 - 278% gain
$VISM .0009 to .0109 - 1111% gain
$HENC .07 to .15 - 114% gain
$QNTA .11 to .18 - 64%
As you can tell, I don't miss the mark very much, over time. These percentages don't account for better entry points either, such as the gifts that were given on $PVDG today. $NSAV up 100%.
The penny stock market is the hottest it's ever been.
If you want to join my chatroom on Telegram, for a more real time approach to day and swing trading the OTC Market, shoot me a PM.
I'll be back with a major watch list for the cannabis and psychedelic sectors for next week.
Congrats to those who tailed some of these plays, especially $NSAV . Makings of a monster here...
I will be trying to post more regularly here. I post on Twitter, StockTwits, and iHub, and run two chat rooms, so I tend to forget to post here. I will try and be brief and post as much technical analysis on charts as I can. I'm a chart guy. I don't really care what the company does, precisely. I target themes. Stocks beaten down and about to turn North and finding tickers that have not run in a particular sector. I don't like to give price targets, but if you ask me specifically, I will give guidance. Sell when you are comfortable and play the price action. If I post an entry, that is not necessarily the price I paid. Usually it is cheaper, I am merely putting the price as a reference at the time of posting. Don't hate on me if you don't understand the concept of bid sitting. Most of my plays I shoot for 50-100% gains, and scale out profits. I almost always leave some shares behind in this wild market, it almost always goes higher. We compound our gains into bigger positions in this market, and look for tickers in a certain theme or sector that have not moved yet. I also play many other tickers, I'm just trying to give you guys the cream of the crop.
We are about to have a MONSTER bull run in the cannabis sector because of cannabis going legal Federally.
To recap with initial entries:
$EVSV @ .085 hits .118 38% gain . Sold
$GPFT @ .06 Hasn't moved yet. Been loading at the bottom of this channel where the 50dma sits at .045-.046 . Holding
$CNGT @ .039 hits .09 range 130% gain . Sold
Stocks I'm swinging medium-longer term:
$PVDG @ .0135 hits .027 100% gain . Holding long on this .05+ minimum
Stocks I'm swinging longer term:
$SEEL @ 1.44 hits 3.12 116% gain . Holding long.
Lottos I mentioned :
$KYNC @ .0008 hits .0055 587% gain . Sold
$NSAV @ .0008 hits .0065 712% gain. Holding this one longer. Scaled out profits. Conference call after hours as well as another completed deal with a Hong Kong equity firm after hours today. Company said on the call that they are acquiring a Swiss Crypto Broker, and that the name will be revealed in the next week or two. The chart is VERY hot. It needs to cool off on the RSI (relative strength index). I'm going to likely look to sell tomorrow at some point, ideally around .01 , and rebuy on a big retrace back to .0050-.0060 range. Then hold for the multi penny moonshot. This one could be a unicorn. I actually got in at .0004 and .0005 and haven't sold a share yet. My biggest ever gainer.
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As you can see here folks, I'm not throwing darts. We got this game in this bull market on lock.
Allllll the cannabis stocks are running hard right now. The method here is to find a stock that looks ready in the sector and has not moved yet.... and buy it.
I got two I like the rest of the week and into next. Well, actually a ton, but these one's seem to have a good 100%+ potential:
$GLCO @ .0044 honestly, haven't done much due diligence here. I have ran this in the past, and it will run soon. Chart is a real beauty, hugging the 50dma on the daily chart, and the weekly chart setting up with a bull flag inside of a cup and handle formation. Very pretty look. This one has .01 written all over it.
$GCGX @ .0023 beautiful beautiful chart. I will post it below with the easily identifiable price targets. This one has a lot of power behind it. Some of the top traders out there have been loading this since the low .0010s and the On Balance Volume indicator is showing a lot of strength. Plenty of room to move on the weekly chart. I wouldn't at all be surprised if this hit .02 this month. Eye on .0050 and .01 to start.
*** Lottery ***
$PHMB @ .0002 I loaded way more of this lottery ticker ticket than I normally do. The company has been dormant since 2009, yes, 12 years. All of a sudden this volume comes out of nowhere this week. Either somebody knows something, or it is being preloaded for a pump and run. Yes, it is a CE Skull/Bones ticker. Yes, it has a 20billion authorized share count and in excess of 10 billion shares on the market. I know , I know crazy right? Trips have been going WILD the last few months. You clearly saw what $NSAV and $KYNC did. I have a laundry list of a dozen others that left trips too. Treat this as a lottery. It may go back to no bid. I don't know. What I do know, is it has traded billions of shares this week, and $HCMC moved from .0001 to .0050 today with 200Billion shares outstanding. Yes 10x LOL. And it may be undervalued because it looks like they may win billions from Phillip Morris $PM . Point is, they are all turds, but if I can make a buck we run it. Something big is brewing here, I can smell it. And I'm going to hold for the payoff pitch this time when it leaves trip .000s . I bought $HCMC .0001s and sold .0002s . Kicking myself today...
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I have one more play for Friday to concentrate on. I need to watch the price action tomorrow, as I just found it this evening, and want to see how it trades.
Buckle up and enjoy the ride. We are going to make a lot of $ the next few months...
Guys, there's a nasty storm brewing with Jake Noch the old CEO of the company. After yesterday's conference call, he began Tweeting negatively about the company and tanked the price. It will likely spill in to tomorrow and maybe Monday. Could be a blood bath. Be careful. It's hard for me to fully understand the situation, but hopefully the CEO releases a statement. $NSAV
The company put out some Tweets about the situation. Real real surprised this didn't dump into the .0020s. Looks like we are stronger than ever. I added .0036 yesterday on the dump. The only shares I've added since original .0004 and .0005 entry. Gonna be a penny monster. Chart is fully reset on yesterday's dump. LET'S GO PEOPLE!
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