Further examples of OTC off the bottom stock moves
Post# of 1674
$CRTC
Another long term hold of mine loaded at the bottom when people took their eyes of it for several months and a few iHub whiners rubbished it for several months blaming the CEO (sound familiar?).
Stand off at .0002 (not getting filled in 2017 but I got some 4Q 2016 from losers) x 40M .0003 (all from 1 or 2 disillusioned long-term holders who obstinately refused to cancel their orders when I repeatedly suggested they would be wise to do so) with nobody wanting to be the first to hit the ask.
Ask taken out with 10M slap in one second and another for 30M in another second - both within one minute [not by me].
A day later, the same happens with .0004s - and now the bid sitters from .0002 are having to pay .0005 and the people getting out even are without shares just as it is about to run up 100% in 2 days.
By now, longs are buying more to average down and OTC bottom watchers with scanners arrive as a team on iHub.
Existing coverage by me here on IH has people buying here before the iHub people + alerted by me to PSG VIP members.
Goes to #1 on iHub Breakout Board (measure of increased posting rate) and maintains position into second day (which takes some doing as posts have to increase dramatically).
Already at .0008/9 and on verge of .0010+ breakout even before speculated PR with update (first in 8 months) and getting OTC Current actually happens.
PSG alerts non-paying list yesterday.
It didn't need the iHub group because it was a good enough company anyway - that also brought some low level flipping for only 100% - but they did speed things up.
See details on the board here.
$MLCG
On the basis of a planned acquisition, a stock heavy diluted down from above .0020 last year - with bag holders at much higher averages than those in $REDG - manages to move up an .0001 increment every 1-2 days.
Requiring 300M to 500M a day to do so - from .0001 x .0002 (typically 120M>200M on ask initially) to .0004 now and probably .0005 tomorrow.
I'm the first to buy a modest 10M at .0002 whilst others bid sit .0001s.
Only a quarter of those bid sitting .0001s got .0002s before the uptick to .0003.
See details on the board here - but not so detailed as I'm not a big holder.
It's just a matter of time before $REDG gets run up on financials, surprise news or just by those who have loaded it. I chose to wait 2 years for $INCC and almost a year for $CRTC. I've banked 5-figure profits on both already and still holding a large quantity of free shares (that is cost basis less than profit already taken) on both. Detailed observation, planning and decisive hits on the ask beats whining every time.
Red Giant Entertainment Inc. (REDG) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.