OTC Scan 10/14/2016

by | Oct 13, 2016

Might head out early tomorrow depending on how the morning starts out and how much action there is. Friday’s tend to be my worst days and a bad start will likely get me out of the house and on an early weekend. Pretty amazing move on the CANN news, went to look for shares to borrow after the new highs move but Speed did have any so just unfortunate there, did play the bounces a few times and did alright.

CANN – Looking to play the sub $2 bounce on this one, will all depend on the action. HOWEVER just have a bad feeling about halt risk on this one so if I do trade it will be quick. If a halt does come, I have that feeling it will be bad bad bad for the OTC market in general.

CBIS – Chart has held very well over the last week very close to a big breakout, will be 2nd main watcher right out of the gate.

CGRW – Gonig to look for borrows here and hope for the 2.50 rush trade, people have been twisted on the short side for days purely based on how each deep has reacted.

SFOR – Impressive move today here did get some of the .015s and looking for continuation tomorrow. Will be ok with a retest around .013s if it does come as my plan was get get a bit more size in that area.

AMMJ – Same idea as CGRW but this one gives me the feeling that $1 wants to happen first. Will just play it based on how it reacts.

MJTK – Decent trender, but not much volume, just an eyeball

HYSR – Same thing here, just an eye, as this is an oldie cult stock and definitely like this chart setup.

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