This is my favorite chart setup for a potential breakout to the upside. There is a 1 million share bid at $0.025 offering strong support. Last Friday they took out the 336,500 offer at $0.027. This company is in the medical marijuana space. Provided the 0.025 bid can hold, this is a good entry area for a 100% gainer in the very short term.
I also caught PSID very early and I blogged about it here.
Also find my PSID videos on youtube.
I have been accumulating ENDO near the $0.025 bid for the past week or two and it is on my immediate watch list for a potential long breakout.
As of May 31 2013 there is currently 67,886,647 shares outstanding. http://www.otcmarkets.com/stock/ENDO/profile
Yahoo Finance gives ENDO an enterprise value of 2.99M as of Oct 7, 2014. http://finance.yahoo.com/q/ks?s=ENDO+Key+Statistics
So for ENDO stock price to be trading at the current enterprise valuation, the share price would need to go up 76% from current levels to a stock price of $0.044. I think the current risk to reward presented by this market is an excellent opportunity.
Nevermind the fact that Omnicanna Health Solutions, Inc. $ENDO is a stock in the medical marijuana industry. From what I hear a lot of investors are accumulating these types of stocks going into the 2014 fall/winter season (see below for further proof of this).
Hello members. Our “WEED” Trade plan is almost here. We have
already taken a couple positions that we have successfully converted to
FREE shares. Good job on that.
Let me get started with a small description of what we will be
Elections are coming upon us quickly. On many of those ballots,
there will be marijuana legalization ballots for many many states. Some
will be just for medical marijuana
and some will be for recreational marijuana. We plan on taking advantage
of this. With the massive success and revenues that Colorado, California
and a couple others that have already legalized weed, I feel that many
more states cannot deny the potential for revenue from this industry.
Therefore, we should see many states jumping on board.
The trade plan is to start buying a handful of “weed” stocks and
converting them to “FREE” shares as often as possible. When I say
convert to free shares, we sell only what we put into the stock +
commissions and hold the rest of shares. As we do this multiple times
from now until mid to end of January, we should be able to accumulate a
crapload of shares that cost us absolutely nothing. So for example, (we
will use ERBB since we already converted 50%). We buy ERBB at .012 and
it makes a run to .018. We now have 50% profits. We would sell 60% of
our shares giving us our initial entry and commission back and holding
the remainder of shares for the long term. Then ERBB pulls back to
.012 again. We grab again and it runs to .018 again. we sell that same
60% and we just added to our first set of freebie. Now we have even more
free shares. Rinse and repeat.
We will be doing this on a few of the weed stocks. We will start
very soon and play these not only into the elections, but well past
them. Here is why. As these states legalize weed, that vote does not get
implemented until Jan 1st. Now the more the states that legalize, the
better these will run. Then after Jan 1st we start seeing the revenues
from said states. We will be out of ALL of our FREE shares no later than
Jan 31. Every single year weeds run into electiona and sell off in Feb.
Last year we sold all weed stocks at the perfect time. After my sell
alerts on everything, They all dropped and never recovered. Happens
Now how much do we buy? How many different stocks do we play? This
all depends on your account size. If you have a smaller account, you may
just want to enter 2 or 3 max. there could be times when we have
positions in 8 different stocks. Depending on your portfolio size is the
amount we drop into each trade. We DO NOT want to go all in here. IF you
only have a $500 account, then you may only want to put $250 into each
trade. That way you can play at least 2 stocks. I think $250 is minimum
buy in when converting to freebies. even a 10% win on that particular
trade will still get you out even. IF you only put $100 you would need a
good 20%+ just to break even. Also 10% stop loss would only be $25 with
a $250 trade.
If you have a good sized account, I wouldn’t put any more that $1K
into each trade. keep in mind if we in 8 trades at once, thats still $8K
into them. NEVER go all in. NEVER. We will have a couple that will drop
on us. Hopefully we will have free shares when that happens and it won’t
I will be putting out a detailed list of stocks that we will be
trading. I will also be putting with each stock a complete Due Diligence
Report with financials, product and such.
Sometimes we will run into a trade that we only get 10-20% on
before it starts pulling back. trades like that, we can just sell all of
just that particular play on the stock and put a couple bucks in our
pockets. It would be great to have a couple stocks where we accumulate
1M shares or more and they run to .10 That alone would be $100K per
stock. Sounds great. That is our goal. Will it be reached? I hope so.
So stay tuned for upcoming emails (very soon) Hoping to have first
couple stocks with DD released to you guys this week or weekend. Its a
crapload of work for me, But you guys are worth it.
Hope to see you in chat. Our chat numbers are starting to increase
again with summer almost over.
Thanks, Steve aka Sneeb