OBE17. Exactly. The few people who have been whining on
OBE17. Exactly. The few people who have been whining on iHub for months / years are mostly not serious traders - they got into REDG because of their interest in the comic / digital media aspect. You only have to look at the type of comments they make about trading strategies - or their lack of credibility with trading other stocks - to see that.
The SEC are not in the least bit interested in investigating stocks in the .0001 to .01 range unless perhaps there was massive manipulation by an organised group to make $Ms in days for no apparent reason - clearly not applicable to REDG - and even that usually only results in the stock being halted for a short time.
Likewise, the notion that ZWAG Box is a scam and that someone is running a petition to get a police investigation is yet another indication of how clueless they are. The fact that a few people are dissatisfied with ZWAG Box customer service in responding to credit card charge inquiries and / or cancellation requests does not make anything a scam - it is a simple matter to resolve via the credit card company. The police have more important matters to attend to.
The bottom line is that REDG remains tradable - arguably much more tradable - especially for those with the requisite skills to be trading at the very bottom end of the OTC market which is where traders tolerate risk for high reward. In addition, the r/s is only 1:1,000 - not 1:10,000 as many are - and there is advance warning to plan a strategy.
In the meantime, this sector has never been hotter than it is right now - even better than the mj rush of 1Q 2014 making it relatively easy to bank profits of $500 > $2K a day.
For instance, right now, of the dozens of stocks I have positions in, I'm actively trading at least 6:
Two are ultra-long-term (3+ years) repeat load annual low - keep cheapest shares as a lotto for long term company goals - sell remainder on surges - add when the impatient sell if it makes sense to do so.
Two are medium term (1-2 years) stocks that people lost interest in too soon and drove the price down by panic selling which are on the rise again with major catalysts.
Two are scanner spotted loading off the bottom by known groups in the last 2 days - for no apparent reason - where I will use my analytical skills to make enormous gains on relatively small moves off the bottom over the first few days / weeks of a campaign until I detect the risk is no longer worthwhile.
As you say - "If you can't take the heat ..." .
1
Red Giant Entertainment Inc. (REDG) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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