The OTC stock market has been bleeding during the last few days, while cryptocurrencies couldn’t provide any refuge, as Bitcoin tumbled to as low as $30,000 in a matter of days before rebounding to $40,000.
The main stock indexes fell after Fed minutes showed participants had agreed the US economy was still far from the central bank’s goals. Still, some participants already ponder to narrow the monetary policy measures amid inflation fears. Last week, official data showed that consumer prices rose two times more than expected in April. A tighter policy and higher interest rates usually make cash more expensive, which favors savings rather than investing and thus negatively impacts stocks.
Meanwhile, Bitcoin fell dramatically after Tesla CEO Elon Musk said that the company had stopped accepting BTC as payment for its electric vehicles, citing environmental concerns. The move came only several weeks after Tesla introduced the option. Elsewhere, China banned financial institutions from dealing with crypto businesses, putting another nail in the coffin for long positions on Bitcoin.
The OTC stock indexes have also corrected, but some OTC stocks are defying the general bearishness and are doing really well these days, and we’re about to explore four of them.
Before going any further, keep in mind that small-cap stocks are subject to enormous volatility.
Also, remember these two important points when it comes to investing in small caps.
- Buy low and sell high.
- Don’t be afraid to book profits.
However, don’t rush to book profits too early.
Finding the right balance is not that difficult if you’re not getting too greedy and stay disciplined.
If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.
We recommend owning a portfolio of small-cap stocks. For some that can be as many as 10 to 20 or more OTC stocks. Obviously, our recommendation to build a portfolio means that day trading is not an option for us. Day trading doesn’t suit our personality, and we don’t like the intraday moves markets make. We have found we made more money being patient and ignoring the day-to-day noise of the markets.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
The key to trading small caps is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
For example, we reported on 88 Energy Limited (OTCMKTS: EEENF) well before it hit its all-time high. This particular OTC stock has great potential, and we’re about to discuss it along with three other opportunities, including Green Globe International Inc (OTCPK: GGII), International Consolidated Companies Inc (OTCPK: INCC), and Viper Networks Inc (OTCPK: VPER).
Here are the 4 OTC stocks on the move right now:
OTC STOCK TO WATCH #1 EEENF
88 Energy Limited is currently uptrending and is in a good position to extend the rally following some potentially impactful news. The OTC stock is now trading at 2 cents, up from $0.017 on Monday. The price hit an all-time high last month at 8 cents. Insider Financial shared its take on EEENF in mid-March, well before the year-to-date peak, which proves once again the great value of subscribing with us and accessing the best OTC stock picks.
The $200+ million company is focused on the exploration of oil and gas properties in the US, mainly in Alaska. It holds a 59% working interest in the Icewine project, which covers an area of about 231,000 acres, and a 100% working interest in the Yukon Gold leases with an area of 15,235 acres. It also has a 50% working interest in the Peregrine project, with an area of about 195,373 acres. All of the projects are located in Alaska.
Last year, the company announced that it would test the Merlin exploration well by drilling. In March 2021, it indeed started operations and at the end of the month, it confirmed a great potential of hydrocarbon-bearing zones at the site, which is part of the Peregrine project. At the beginning of April, EEENF announced the existence of multiple potentially hydrocarbon bearing zones, which sent the OTC stock price surging to an ATH at 8 cents.
While the price has corrected, EEENF may be a big bet if the Merlin-1 site proves to be full of oil or/and gas. The company’s shareholders will hold a general meeting on Friday, May 21, and this might be a pivotal moment for the share price, depending on the official news on Merlin.
There are lots of good stocks out there but on Friday, May 21st IMO and during the Annual shareholders meeting I suspect and predict that Mr Ashley Gilbert will unfold the Mother of all loads news which we all are betting on
— Doc Sam (@Trading_OTC) May 15, 2021
The investor community is quite bullish on the OTC stock, which may also contribute to the ascending price. Some are even getting out of cryptos due to the recent slump and betting on OTC stocks with great potential like EEENF.
Doing the unheard of…
Taking money out of crypto to buy a stock. $EEENF looks like it’s sitting on a black gold mine.
— Markley 🗣📈 (@Jackson1Markley) May 14, 2021
At the end of March, 88 Energy managing director, Dave Wall, commented:
“Whilst there is still work to do to confirm a discovery, the results to date are encouraging and we look forward to providing an additional update on the wireline program in 7 to 10 days.”
All in all, investors have high expectations of EEENF if the results are positive.
OTC STOCK TO WATCH #2 GGII
Green Globe International, Inc. has been making some great moves these days, surging from 3 cents at the beginning of the month to the current level of almost 10 cents. In January, the price had three zeros after the decimal point – it has surged by over 4,000% year-to-date. Nevertheless, buying GGII still makes sense, as the company passed through a reverse merger right now, being acquired by a major private firm.
Green Globe aims to become a major player in wholesale CBD, hemp, and cannabis products, developing a supply and production infrastructure that includes several revenue points throughout the chain. It provides services to companies offering consumer products that include CBD compositions. It buys, sells, and brokers CBD oils, acting as a direct channel from industrial hemp growers and processors to manufacturers.
At the beginning of the month, we told our readers that GGII’s control had passed to Hempacco after a private sale of 100 Series A preferred shares. Meanwhile, more investors realized the value of the deal and fueled the GGII rally. GGII appointed a new board of directors under the leadership of Hempacco’s CEO, Sandro Piancone. The OTC stock may continue to ascend now that the reverse merger has taken place – GGII is now more about Hempacco than Green Globe International, and the share price will definitely reflect that.
$GGII is in the house!! 🤙👊🤙💰 pic.twitter.com/H8zGEzPftr
— Get R Done (@Colin05402316) May 12, 2021
Hempacco is currently the largest producer of Hemp Cigarettes in the North American continent. Its goal is to disrupt the tobacco industry by providing consumer goods in the form of Hemp cigarettes and other plant-based smokables. Hempacco has a factory where it manufactures its products and a number of brand lines. It also manufactures for other companies and has over 600 vending machines with hemp cigarettes.
The emerging hemp industry is expected to become a $26+ billion market by 2025, also because people will move from tobacco to safer alternatives. Philip Morris is also analyzing the cannabis market.
GGII is not an OTC stock to speculate on right now – it’s a long-term opportunity with great potential.
OTC STOCK TO WATCH #3 INCC
International Consolidated Companies Inc is another cannabis stock that has been rallying during the last few days before taking a dump.
ICC acquires and grows businesses that offer services and technologies to assist medical marijuana growers and patients with production and delivery systems. It also provides consulting services and support to medical cannabis growers, activists, and industry professionals.
The OTC stock is now on an uptrend because of a potential deal with GGII. However, it’s become quite controversial as Hempacco tweeted this.
$GGII nor @Hempacco have a JV or any type of agreement with $INCC
— Hempacco (@hempacco) May 20, 2021
Meanwhile, INCC CEO Antonio F. Uccello responded with this Tweet.
$INCC is working with several cannabis cigarette manufacturers one of which has sales over $5mm and more orders indicated once they fully vet this disruptive technology.
— Antonio F. Uccello (@baltic38dp) May 20, 2021
Still, INCC has been partially driven by independent fundamentals as well. Earlier this month, the company acquired Blue Plant Farms LLC, which manufactures and sells CBD hemp oil products under several brand names.
Recently, INCC released a shareholder update, announcing that it had retired 1.9 billion shares and thus reducing the total figure to 7 billion. It stressed that it would prevent dilution.
We will update our subscribers as soon as we know more. Stay with us for more updates!
OTC STOCK TO WATCH #4 VPER
Viper Networks Inc has been dormant for years, but the company has the opportunity to grow its $90+ million business thanks to some fresh deals and potential upcoming partnerships and orders. The share price rose from 1 cent last week to $0.015 at the time of writing.
The company produces and distributes LED lighting products. It offers LED street lights, and parking lot and indoor lighting products, as well as intelligent lighting solutions with camera, sensor, and wireless technologies.
Earlier this month, Viper Networks announced the partnership with local service providers interconnected to three separate contracts with Sri Lanka Telecom (SLT), Bharti Airtel, and Hutch to launch the $100 Million Phase 1 Smart City Project in Sri Lanka. Eventually, the project will grow into subsequent phases, reaching a $500 million USD project over the next few years.
Initially, VPER will install Smart City LED Light Poles at colleges and university campuses throughout Colombo, the largest city in Sri Lanka, with a population of 5.6 million. Next, the company will expand with the project to the entire country, which will include all bus stops, terminals and train stations, along with colleges and universities countrywide.
We think that this is a big deal for VPER, considering that Sri Lanka has a total population of about 22 million people, which equals that of Florida – the third-largest US state by population.
Meanwhile, the company said it had reduced debt from $51.3 million to $12.7 million. It also reduced total outstanding shares by 8%.
The Final Note
Today is a great opportunity to benefit from the stock market’s bullishness and invest in OTC stocks with great potential during a reviving economy. Our job is to identify the best OTC stock options with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio oriented at penny stocks.
If you like any of these 4 OTC stocks, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market.
It’s very important to consider OTC stocks that have room for growth and have yet to make their big move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.
Remember, all you need is one or two OTC stocks to succeed in order to have a lucrative portfolio.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.