$HIRU this is one that needs some discussion. What’s everyone’s thoughts? A lot to unpack for anyone who peeks under the hood, still largely ignored, especially right now
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Replying to @OTC_ProspectorIt's an #otcset pattern play so I like it based on that alone. Long term higher high in 2021, long term higher low ever since. I think in time it can melt up to that blue ceiling level and trigger a breakout to new highs. Strong long term charts like this represent a vehicle better equipped to build growth thanks to a lack of a death spiral and the underlying implications of those which work against the company.
O OTC_Prospector@OTC_Prospector·@otcsetGuy i like your thesis on the whole otc offset thing. I read your write up a while back. As Agent Mulder would say; “I want to believe” ;)Reply111Report
otcset Guy@otcsetGuy·I appreciate you keeping an open mind, just keep an eye on what transpires and how these specific setups do over time, especially in relation to their long term ceilings.Reply1ReportO OTC_Prospector@OTC_Prospector·How do you feel about underlying fundamentals and dilutive mechanisms impacting the pattern?Reply1Report- otcset Guy@otcsetGuy·@OTC_Prospector The tickers with the worst fundamentals and toxic dilution won't have the pattern, they will be standard death spirals. What the pattern represents is a strong vehicle for growth and raising capital with relatively favorable ease vs death spirals. So even if the pattern on a given example is just a shell, it represents a clean shell that will be much more effective as a growth vehicle. And the tickers with the pattern that also have an underlying company I believe represent better than average fundamentals. Basically I believe the pattern represents underlying elements that are much more favorable vs your standard death spiral. I believe the pattern represents the best shells and the best OTC companies. Death spirals have almost no chance of sustaining long term growth because of all of the baked in toxic baggage and how hard it is for them to raise capital without destroying shareholders. The #otcset pattern is the anit-death spiral.ReplyReport