Anybody here trade in OTC stocks? I started investing last year in May. It took we a while to get my traction, but things have really taken off since I found some good OTC stocks. I had about $16k in my account on DeC 1. On March 1, I'm at $115k now. Mostly off of OTC stocks. I was actually doing better. I was over $140k before this correction started 2 weeks ago. [Reply]
Originally Posted by scho63:
I think you can get $5-7 quick gain out of that easily. :-)
Up 4% since my buy-in this morning. Trimmed 25% of my position today. Will trim or totally sell out on spike tomorrow for quick 5-6% 2 day profit. Might leave 25% to run a bit and set stop at break even. [Reply]
Originally Posted by lewdog:
I could maybe see ZOM. It's retraced close back to prior breakout which could be a good entry, above $1.50. If I pulled back to $1.60-65 you could get in and set stop loss at $1.50 for 6.2% risk.
Or better yet it would be nice if it would move sideways and consolidate nicely for a bit. Then you could look for new breakout on momentum up. It's healthy for stocks to move sideways after a breakout as many times this is shaking out the weak hands before a higher move.
I'm in ZOM. Have been since last summer. I originally got in at .22, before their offering at .16 that killed it for a while. I rode it all the way down to .07 and averaged down. Sold some off when it hit my average, but I'm sitting with 11,000 shares and a .16 average. ZOM has been one of my best investments. I'm glad that I stuck with my DD and held onto it when things looked bleak. [Reply]
Originally Posted by jjchieffan:
Anybody here trade in OTC stocks? I started investing last year in May. It took we a while to get my traction, but things have really taken off since I found some good OTC stocks. I had about $16k in my account on DeC 1. On March 1, I'm at $115k now. Mostly off of OTC stocks. I was actually doing better. I was over $140k before this correction started 2 weeks ago.
I don't do much of that kind of thing nowadays, used to trade OTC pot stocks when legalization first started. Sounds like you picked some winners, care to share? [Reply]
Originally Posted by jjchieffan:
I'm in ZOM. Have been since last summer. I originally got in at .22, before their offering at .16 that killed it for a while. I rode it all the way down to .07 and averaged down. Sold some off when it hit my average, but I'm sitting with 11,000 shares and a .16 average. ZOM has been one of my best investments. I'm glad that I stuck with my DD and held onto it when things looked bleak.
Originally Posted by jjchieffan:
Anybody here trade in OTC stocks? I started investing last year in May. It took we a while to get my traction, but things have really taken off since I found some good OTC stocks. I had about $16k in my account on DeC 1. On March 1, I'm at $115k now. Mostly off of OTC stocks. I was actually doing better. I was over $140k before this correction started 2 weeks ago.
If you turned 16K into 140K you should quit your day job.
I buy OTC every once in awhile. Friday I grabbed 500 shares of SHRG at .24 and sold it today at .36. 50% in one trading day. The only problem was I only bought 500 shares instead of 500,000. LOL [Reply]
Originally Posted by EPodolak:
I don't do much of that kind of thing nowadays, used to trade OTC pot stocks when legalization first started. Sounds like you picked some winners, care to share?
I bought LHSIF Liberty Health Sciences more than year ago. Canadian Pot stock that operates in Florida of all places. Just got acquired by AYR and the stock converted to AYR stock but hasn't switched over in my E-trade account yet. I need to look into how that works. It has gone up 300 percent in the last three months after the acquisition was announced. [Reply]
Originally Posted by EPodolak:
I don't do much of that kind of thing nowadays, used to trade OTC pot stocks when legalization first started. Sounds like you picked some winners, care to share?
Sure. ZOM, as mentioned, is one. I also got into OPTI at .06. it's at .23 now, and I expect $2 on it by eoy. GAXY from .007 to .05, It's down now to .025. I'm expecting it to go to .10 or better.. [Reply]
Originally Posted by Hog's Gone Fishin:
If you turned 16K into 140K you should quit your day job.
I buy OTC every once in awhile. Friday I grabbed 500 shares of SHRG at .24 and sold it today at .36. 50% in one trading day. The only problem was I only bought 500 shares instead of 500,000. LOL
I'm working on that. I want to get a bigger nest egg built before I put all of my eggs in one basket.
I've done the same thing. I bought a stock called GHHC. I only bought a small position because I wasn't sure about it. $40 worth. They changed names to VITX and then it took off. Next thing I knew, those shares were valued at $1700. I was kicking my self for not buying more. But man, was that an amazing profit. [Reply]
Originally Posted by EPodolak:
I don't do much of that kind of thing nowadays, used to trade OTC pot stocks when legalization first started. Sounds like you picked some winners, care to share?
Also, I took INKW from .01 to .06, OZSC from .01 to .20, and AABB from. 01 to .31 [Reply]
You guys need to be buying AMC before it leaves the solar system. Still affordable at $9 something/share, it's going to squeeze in the next few weeks or so to minimum $100 but more likely a LOT more than that. I'm sure this post is going to get a lot of ridicule but just wait and see. [Reply]
Originally Posted by MTG#10:
You guys need to be buying AMC before it leaves the solar system. Still affordable at $9 something/share, it's going to squeeze in the next few weeks or so to minimum $100 but more likely a LOT more than that. I'm sure this post is going to get a lot of ridicule but just wait and see.
That's about to make a lot of people rich. I'm more bullish on it now than GME. Do a little research, look at the volume and some of the institutions buying huge amounts lately. It's coming...oh yes...its coming... [Reply]
