I don't like to give long-term predictions - excep
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Posted On: 08/29/2020 12:13:57 PM
I don't like to give long-term predictions - except for the absolute no-brainers like $SKDI which already have all the bricks in place and the revenue earning already established - companies acquired, partnership deals, beta testing, known proven business models etc - to the extent that they are actually going to set up a revenue earning calculator for shareholders to view going up as subscribers to their system join.
By comparison, $IJJP depends almost entirely at present on the how much confidence the "here today - gone tomorrow" crowd on iHub have in the CEO to deliver.
For the past 3 years, runs lasting 1 > 8 weeks have revolved around a single Tweet or one person spotting that a website update has occurred.
This year is a little different and much better in that the CEO has been providing more updates by Tweet - and delivering on time or ahead of time when promising further updates. In addition, the main website is under reconstruction and the secondary website has Blog updates as recently as June 30. In addition, the share structure at otcmarkets.com was updated on August 21, 2020 for the first time in years.
The run so far to .0039 has given everyone a chance to make money:
- Those who kept shares in the .0038 > .0013 range from 2015/2016 during the days when it was a mj company.
- Those who kept shares in the .0012 > .0006 range from when the music stopped on the multiple run cycles in 2018.
- Those who kept shares in the .0004 > .0002 range from the 100% runs in 2019 and early 2020.
- Those who deliberately bought from the impatient in the .0005 > .0002 range in 2018 > 2020.
- Those who bought .0003 > .0010 recently starting / sustaining the move up initially.
- All the new traders in 2020.
- Repeat traders who trade what they see.
$IJJP has now traded 3.49 Billion in the 11 days since the run was started with the 24M at .0002 being bought out in a single second on August 14.
So the entire Float of 1.54 Billion could have changed hands more than 2.25 times.
Reality will obviously be somewhere between the 2 extremes of "the Float is locked" [pumpers] and "all the bagholders have left [bashers]".
Astute traders like me never consider themselves bagholders - they patiently wait to recoup their capital + significant gains (years if necessary) - then buy back in at appropriate levels "trading what they see".
It is impossible now to know who has what where. Normally in the majority of my Top Picks I know exactly who else has what amount where relative to what I have through close observation and process of elimination.
The situation always ends up being better than that for me because I base my decisions of what was traded at a particular price - but in reality the iHub amateur crowd sell for a loss from positions above (particularly when 20% > 50% down) on an almost daily basis. $GTEH is a prime example of that - so that makes a stock much thinner to the upside than the worst case I have kept a record of. You can easily see when those who have been buying from the impatient start to buy on the ask to get the move back up started.
On $IJJP, there is not likely to be anyone holding anything of significance above .0040 from the mj company era of 2015/2016 (before my time - my first buy was in the .0010 range when I spotted the move down that year).
So, if the CEO continues to deliver updates on time - and if the main buyers can overcome the shorters (I think they will on Monday) - once we get the .0040+ break it should be extremely thin to .01+.
With mainly experienced traders in at present who are not putting asks up in advance, you can see how most / all MMs are on the current price only with "blue sky" above.
How thin it ends up being will depend entirely on how much those holding the majority of shares now decide to keep.
The extent to which traders hold their higher risk cost basis shares will also depend on what else is happening in the market on a daily basis - there were a number of others all shaping up for a dramatic breakout towards the end of last week.
Regardless, $IJJP is a repeat Top Profit earner - approaching $6-figues in 5 years - for those who watch it year round, maintain an inventory of shares bought at prices you can see yourself making a profit on (doesn't have to be the bottom), are patient, ignore iHub basher nonsense and - most importantly - "trade what you see".
By comparison, $IJJP depends almost entirely at present on the how much confidence the "here today - gone tomorrow" crowd on iHub have in the CEO to deliver.
For the past 3 years, runs lasting 1 > 8 weeks have revolved around a single Tweet or one person spotting that a website update has occurred.
This year is a little different and much better in that the CEO has been providing more updates by Tweet - and delivering on time or ahead of time when promising further updates. In addition, the main website is under reconstruction and the secondary website has Blog updates as recently as June 30. In addition, the share structure at otcmarkets.com was updated on August 21, 2020 for the first time in years.
The run so far to .0039 has given everyone a chance to make money:
- Those who kept shares in the .0038 > .0013 range from 2015/2016 during the days when it was a mj company.
- Those who kept shares in the .0012 > .0006 range from when the music stopped on the multiple run cycles in 2018.
- Those who kept shares in the .0004 > .0002 range from the 100% runs in 2019 and early 2020.
- Those who deliberately bought from the impatient in the .0005 > .0002 range in 2018 > 2020.
- Those who bought .0003 > .0010 recently starting / sustaining the move up initially.
- All the new traders in 2020.
- Repeat traders who trade what they see.
$IJJP has now traded 3.49 Billion in the 11 days since the run was started with the 24M at .0002 being bought out in a single second on August 14.
So the entire Float of 1.54 Billion could have changed hands more than 2.25 times.
Reality will obviously be somewhere between the 2 extremes of "the Float is locked" [pumpers] and "all the bagholders have left [bashers]".
Astute traders like me never consider themselves bagholders - they patiently wait to recoup their capital + significant gains (years if necessary) - then buy back in at appropriate levels "trading what they see".
It is impossible now to know who has what where. Normally in the majority of my Top Picks I know exactly who else has what amount where relative to what I have through close observation and process of elimination.
The situation always ends up being better than that for me because I base my decisions of what was traded at a particular price - but in reality the iHub amateur crowd sell for a loss from positions above (particularly when 20% > 50% down) on an almost daily basis. $GTEH is a prime example of that - so that makes a stock much thinner to the upside than the worst case I have kept a record of. You can easily see when those who have been buying from the impatient start to buy on the ask to get the move back up started.
On $IJJP, there is not likely to be anyone holding anything of significance above .0040 from the mj company era of 2015/2016 (before my time - my first buy was in the .0010 range when I spotted the move down that year).
So, if the CEO continues to deliver updates on time - and if the main buyers can overcome the shorters (I think they will on Monday) - once we get the .0040+ break it should be extremely thin to .01+.
With mainly experienced traders in at present who are not putting asks up in advance, you can see how most / all MMs are on the current price only with "blue sky" above.
How thin it ends up being will depend entirely on how much those holding the majority of shares now decide to keep.
The extent to which traders hold their higher risk cost basis shares will also depend on what else is happening in the market on a daily basis - there were a number of others all shaping up for a dramatic breakout towards the end of last week.
Regardless, $IJJP is a repeat Top Profit earner - approaching $6-figues in 5 years - for those who watch it year round, maintain an inventory of shares bought at prices you can see yourself making a profit on (doesn't have to be the bottom), are patient, ignore iHub basher nonsense and - most importantly - "trade what you see".
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"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.
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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