I don't usually pick OTC stocks...
but once in awhile I come across a play that looks pretty good. I have a great source whose track record is almost impeccable when it comes to picking OTC micro caps. There are a lot of people out there pumping crap OTC stocks that the only good thing to do is short, but with this guy more often than not, these stocks are usually good for decent run.
Past picks include SRWY in May that went on a crazy run to .20 and then GLER that did the same thing to .20. So I am expecting that this pick will probably do the same.
So here is the story... Fund.com FNDM on the OTC is rumored to be buying back shares and going private and will be buying back at a much higher price. The company had a major shareholder sell the company down to its current .09 from $2 over the last 6 months and is now starting to announce new revenue streams. (Apparently BNY Mellon are going to throw them a bone and give these guys some business.) At .09 this financial company couldn't get cheaper on the charts and it made a similar run last summer from .10 to $2 after a major sell-off. With the large volume over the last week, as well as insider buying. FNDM could be a great place to stay for a meteoric run.
If you took some profits in GLER after a quick double... this might be the place to park your profits.
Just remember what goes up really quick, will often come back crashing down. Take your profits, don't be a bagholder.
Happy Trading :)
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