OTC is considered the junk of the junk stocks b/c it's hard to pick out what is real and what is B.S. ECRO is being pumped that it's a real REIT with reinstatement today. An OTC trader on twitter @HDOGTX pumped it up and I'm sure he did well but his followers may have lost and this is why it's so important to have your own plan when entering a stock.
I do DD on each stock that I put out on my watchlist. If you see some mistakes in my DD, please bring it to my attention b/c I'm not perfect.
OTC that was talked about and moved today but I'm not interested
AMRR (Certificate of Acceptance) I'll PASS
CHNC a weed OTC in trips, 600 million float with 6 billion O.S. I'll pass
EORZ new name change soon with new ticker change. Still remains a bag, I'll pass
OTC Stocks that I'm interested in
TMRC & SBES- continues to be on my WL everyday
LEGX Reinstated the entity. So there's a chance that he's getting the ticker current because he's now paying taxes on it but there's no officer change. So he has reinstated a bag. But keep this ticker in your mind, because if there is an officer change, this stock can move biggly! So my plan is, I'm not going to slap this stock unless I see an officer change.
IDAD
I brought this ticker up yesterday's watchlist that I would be buying this under 0.03 if I don't see much selling. I got it at 0.0277 b/c it lives between 0.02-0.03. It's low risk and high reward stock. All the pieces are lining up in a row 1) new officer change 2) the officer is not new to the market Yoram Drucker who is involved in 2 NASDAQ tickers 3) Breaking new 52 week highs 4) 5.3 million float.
So what am I going to do looking forward? 1) look at new filings coming out. Officer change occurred 12/18. 8-Ks will be coming out soon. I need to read it closely. If the filing has any mention of reverse split, I'm out. No questions asked.
IGPK
This was on my watchlist yesterday because I saw some unusual buying on Wednesday. And for a stock that was trading 0.0008 the share structure did not look that bad. I feel the company was front loading. Apparently some other traders saw the same thing. IGPK went over 100% today and ended up at 62.5%. I decided to pick some up at 0.0012. The company tweeted today that they will present news 2020. What I know about OTC traders is they like anticipating the news & they like to swing without worrying about bad filings coming out. You buy on the rumor and sell on the news. Like WSGF was moving the past week because of the rumor and the news came out today and there was selling like crazy. So I'm thinking about swinging this but will sell before this year is up or huge selling.
APHD
Yesterday's watchlist I said I would buy APHD if it goes down to 0.0025 and that's what I did. New officer change and thinly traded
INQD
It does have notes, but I'm seeing a nice rounded bottom with increase volume. This pass month it tapped 0.02 3 times and it looks like it broke it today. Perhaps more upside to come. It reminds me of OPTI
ABCE
I can't help but see more volume coming in. It's worth watching for me. It only has 1 note. Once it converts, it will be a smaller share structure around 200 mill O.S. 0.001-0.0015 would be a good range to get it. But don't expect quick gratification.







Thank you very much, Megan, for sharing your thought! It's very educational for me. (:
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