It’s been a rollercoaster these last few weeks in the OTC. Questionable corporations and over enthusiastic shareholders have created a made-for-TV drama on social media.
$SBES just made a news splash on everyone’s radar with an update to its officers. Originally we reported on this stock as a channel trader, but turns out there was something much bigger brewing beneath the surface.
This photo was snagged from Twitter, and is the quickest way to explain the impact.
Twitter Credit: https://twitter.com/jcazz17/status/1108556503664025600?s=21
As you can see, $SBES now shares some of the same officers as $ZMRK and we all know of that company’s recent run from $0.0007 to $0.0194. Plus, the chart for $SBES shows a solid amount of accumulation over the last few weeks. So this ticker may be primed for takeoff.
So the question is, will $SBES be this management team’s next big success story? Only time will tell, but we’re eager to find out.
Secondly, let’s touch on what happened with $SNMN. Not to put too fine a point on it, but shareholders got carried away and began reproducing a false rumor on social media that simply wasn’t true.
Traders confused two separate companies, “Livwell” and “Livewell.” The former has a relationship with Willie’s Reserves, and the latter with the infamous Tilray Inc.
Long story short, traders assumed that $SNMN was linked to $TLRY through their equity interest in Baygrow who has a deal with Willie Reserves who in turn has a deal with “Livwell” which was confused with “Livewell” who is actually the company linked to Tilray… (Did you follow all that??)
It’s a long game of connect the dots, but once the community figured out that the connection to Tilray wasn’t real, it sapped all of the stock’s momentum and induced a large sell off.
Although the $SNMN/Baygrow/Willie connection is real, nothing is going to match the hype of a Tilray partnership.
Some tickers leave traders biting their knuckles by turning fractions into cents and dollars. A well known example is $ICPA which ran from $0.0008 to $0.0585. A $10,000 position would have banked $700,000!
The most recent Washington runner (almost a full Washington) was $SHMP, which at the beginning of 2019 traded as low as $0.0155 cents, but on February 12, 2019 the stock reached a high of $0.95 for an impressive gain in a relatively short amount of time.
To put things in perspective, a $1500 position would have turned into $89,062.50.
Not a bad haul for a month of patiently twiddling your thumbs…
So where’s the next big winner?
Here’s our list of trip zips that needs your attention ASAP. Multiple catalysts are on the horizon and these prices might be long gone when news hits the wire.
Let’s start with the low floater.
$SWHI has a fantastically low float for a ticker still printing trips. It won’t take much dollar volume for this one to move north.
As for news, rumors surround $SWHI about pending mergers, new partnerships, yada, yada, yada.
Bottom line, nothing has been officially announced by the company. Last we heard they were expanding into the broadband internet business and haven’t heard much from them since.
Even so, the smallest update could send this one soaring. Their share structure is immaculate and a prime example of a well maintained stock.
Next let’s talk about catalysts, catalysts, and more catalysts.
With $SNMN, steady organic growth is the name of the game (at least we hope). SNM Global is an equity company with their hands in multiple partnerships, one in particular connected to the budding cannabis industry on the east coast has us very excited.
$SNMN’s recent activity can be summed up in one picture.
It goes without saying, but the fact that SNM Global has a 20% equity interest in Baygrow is extremely appealing.
Baygrow has recently applied for a prestigious Growers License in Maryland, and enlisted the help of some pretty heavy hitters.
We don’t have time to get into the details here, but if you don’t know about Jennifer Sanders with AURA Ventures, you should… but we’ll have more on that relationship later.
Finally, trading the chart.
$SBES has been channeling between $0.0006 and $0.0012 over the last few weeks. If the pattern holds, this should be an easy 80% swing.
Check the chart.
The debate here is whether we are looking at a double top, or a double bottom. The jury is still out on this one, but at these prices the reward significantly outweighs the risk.
My money says the channel will continue.