It’s Friday and the scans showed a couple of $100 lotto plays which will make it pretty simple to choose from.
Note that Oil Futures are up big, nearly $1 pre market, which will be a major factor contributing to any oil & gas related stocks. We saw some massive runners from last week Friday into the early part of this week so re-visit your tickers you were tracking as many, if not all, could see very good days today.
The ticker symbol has changed from AGHDD to GHGH and now all we need to see is the notification that GHGH is off the Grey Market and on the OTC Pink to be able to see a live Level 2 and quotation. There is a chance it could be on the morning updated Finra Daily list, but if it isn’t, there’s nothing we can do except look out for it and have the knowledge which was shared in yesterday’s #OnWatch report.
GRPR filed an 8K just before the closing bell yesterday which had some juice to it. The deal was an Asset Purchase Agreement with RJM and Associates, LLC, to whereby GRPR purchased a certain Broadcast and Media IP, along with the “know how” of that IP from RJM and Associates valued at Six Million Two Hundred Fifty Thousand ($6,250,000). To pay for it, GRPR is to have issued $5,000,000 of Restricted Common Stock 90 days from March 9 and $1,250,000 of Preferred Series-A Shares.
The value of restricted common shares will be the closing price of the stock as of 90 days from this agreement. The maturity date for the restricted common shares will be 60 months from the date of this agreement.
According to the last 10-Q filing with the SEC, there were 911,279,357 shares issued and outstanding as of February 5, 2016 and 7,500,000,000 authorized.
As you can see, there was No Bid on GRPR so attempting to get .0001 shares will be easy, seeing them go to .0002 or higher and selling them is the lotto play. The deal is juicy and .0001 tickers have had cult followings on the OTC. Just remember, you might not be able to get a buyer if it stays this dead.
NHPI is a delinquent filing, formerly listed on the Nasdaq .0001 ticker that, for no known reason, saw a surge of buying head towards it yesterday. NHPI hadn’t traded in weeks, but from the looks of the Level 2 after the close, there is a bid as well as a .0002 ask, and the iHub message board was blowing up with traders pouring all the kool aid you could wish for.
Per the most recent update, there were 2,000,000,000 Authorized Shares and 1,536,408,099 Outstanding Shares of NHPI. If this is a lotto to be played, the play is .0001, not buying .0002.
Again with the $100 lotto mentality, it’s Friday and we’re gapping up big with Oil Futures +.98 to 38.82 as of now. Mario Drahgi went over and above with his EU support system announced yesterday so remember the simple rules about SPY.
What direction we open in, we’ll likely head in that direction until the 9:50 – 10:10 time zone which we’ll likely reverse, large or small, and then see our 2-2;30 super cheap time zone be the next time frame to focus on for a $100 day trade lotto.
Over trading and trying to out think SPY is what kills each and every average Joe’s account so stick to the theories which have worked, understand that the cheap prices will provide a better than decent return on just a $100 trade, and bear in mind that 2000 might be resistance, but it is going to be support which rising Oil prices are going to help make happen.
My take, we see $40 oil next week and SPY 204-205.