OTC Scan 11/8/16

by | Nov 7, 2016

Sorry for the late scan just got caught up in the evening.

Pretty slow day, the morning gap on MJNA was fantastic as we nailed that overnight and the sells in the morning on it, still kept some for tomorrows move which is what I want to talk about. Do I hold? What do you think election will do? I am sure there are a TON of these types of questions the only real question is, IF YOU HAVE TO ASK, (you probably shouldn’t trade it) I think a few things might move after the elections tomorrow as far as weed stocks, but price action is going to dictate EVERYTHING to me, if they all ramp, great..won’t expect much follow-thru but would love a 3-4 move on some of these then ride the shorts down, we shall see.

ALSO there were quite a bit of subber Q movers today, trade these with caution and small, as you can be instantly down 50% or more on these.

MJNA – Thinking that we might get one more gap on this and then it really depends on the price action after the vote so trade accordingly, very nice one overall and great reads on it

CBIS – Have some for overnight gap but BMIC is the mm to watch on this one 100% as he has a lot to sell and controls it perfectly through the day, if he is gone, then may run.

BTUUQ – Take a look back at the SUNEQ chart in the .08 area, this has an eerily similar look and feel to it. The fact that it has held 8 for this long is pretty telling, however nothing to really get excited for unless we get the 10 breakout.

CANN – newsletter was long this one today, may look to get borrows if 5 struggles but again, the vote action counts.

CNAB – Same idea here, $3 is the key spot

CNBX – Debated 4 times to get this sub 1 today and took off radar till doing scan, heck of a move and would be one of the ones that I like the most for scoops on decent washes.

ZRZH – Something to keep an eye on here, very thin but worth a screen to me, missed some fills at .0141 late day but will have on radar for same type of snags.

 

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