The past few weeks have been hard on many traders. Most are looking at a sea of red in their portfolios. This happens when you invest. Markets go up. Markets go down. But there are still some bright spots on the OTC Markets. 4 OTC stock movers are BTCS Inc (OTCMKTS: BTCS), Currencyworks Inc (OTCMKTS: CWRK), 88 Energy Ltd (OTCMKTS: EEENF), and MDM Permian (OTCMKTS: MDMP).
HOW TO TRADE OTC Stock Movers
First up, it’s important to understand that trading the OTC stock movers is not the same as trading blue chips. OTC stocks are subject to enormous volatility like what we have witnessed over the past week or so.
This is why we have preached over and over again on our Insider Financial YouTube channel to book profits along the way. We warned our subscribers to not get greedy or get caught up in the diamond hands/paper hands BS.
PLAN OF ACTION
There are two choices for investors right now because selling is not an option.
One, investors can do their homework and look for OTC stocks that haven’t run yet. This is what we do at Insider Financial. We scan through hundreds of OTC stocks each week looking for the best alerts for our subscribers.
We preach the key to trading OTC stocks 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.
We got our subscribers in early on TSNPD, which you can read our first article here, and ALPP, which you can read about here. his is where the big money is made and why so many of our subscribers are sitting on gains of over 5166% in ALPP and over 12,862% in TSNPD.
It’s also best to own a portfolio of quality OTC stocks. For some that can be as many as 10 to 20 or more OTC stocks.
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 second move for OTC stock investors is to look for OTC stock movers that are still showing relative strength. We are talking about OTC stocks that are holding up well despite the sell-off in the OTC Markets.
What do we mean by this?
Investors right now are chasing many of the same names. You talk to any OTC trader and most will tell you they are in TSNPD, ENZC, ALPP, ABML, AABB, HCMC, etc.
This is why it’s so important to always be looking for new ideas and be diversified. A concentrated portfolio of too few names can be very. very painful in the short run and quite distressing for a new OTC investor.
YOU MUST LEARN TO EARN!
We try to help as much as we can, but in the end, it’s all up to you. You are running your own trading business.
Investing is not a team sport.
The purpose of what we do here at Insider Financial is not only to find winning alerts but also to teach. But we are just one resource. There are other resources as well.
For instance, if you want to day trade, we recommend the folks at True Trading Group, which you can check out their live streams here. They have a chat room as well as a ton of educational resources for their members.
The one negative about True Trading Group is that they don’t cover OTC stocks much. However, the good news is that we specialize in OTC stocks here at Insider Financial.
Right now, two sectors are doing well – crypto and energy. Bitcoin and oil prices are rising and that has investors buying OTC stocks in these two industries. So while the overall OTC Market is weak, stocks in these two sectors are outperforming. In this article, we take a look at 4 OTC stock movers BTCS, CWRK, EEENF, and MDMP to find out what’s behind the move and our outlook for each.
OTC Stock Movers BTCS
BTCS is an early entrant in the digital asset market and one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. BTCS was the first U.S. public company to mine Bitcoin.
BTCS just expanded its transaction verification services operation on Ethereum 2.0 to 200 nodes. The Company expects the additional 100 nodes will begin generating revenue by the end of the first quarter of 2021.
“With a significantly strengthened balance sheet from the recent $9.5 million capital raise, we are well-positioned to accelerate revenue growth from our transaction verification services business and have already doubled our ethereum 2.0 staking operation to 200 nodes,” stated Charles Allen, Chief Executive Officer of BTCS. “With financial returns superior to traditional bitcoin mining, our staking operation strategy will drive strong near-term revenue growth while being more profitable than resource-intensive proof-of-work mining and opening the door to other revenue-generating operations such as staking as a service.”
The fair market value of the Company’s digital assets of roughly $10.2 million and the current cash balance of $10.8 million is now approximately $21 million. BTCS intends to use its strong balance sheet to expand its transaction verification services business which entails actively operating nodes that secure proof-of-stake blockchains such as Ethereum 2.0, an area of revenue-generating business activity where BTCS is the first U.S. public company to establish such operations.
BTCS has $21 million on its balance sheet and yet has a market cap of just $55 million. We see BTCS as an OTC stock mover this week with Bitcoin over $60k.
OTC Stock Movers CWRK
CWRK is an OTC stock mover as it’s a play on the non-fungible token boom.
CWRK provided blockchain integrated and payment services in the classic 27-hour $100,000 Sell-Out of the Garbage Pail Kids NFT launch for the Topps company. The Garbage Pail Kids Series 1 inventory of NFT digital collectibles consisted of packs of 5 cards for $4.99 and 30 cards for $24.99 as digital trading cards, which can be held in digital wallets or traded.
Cameron Chell, Chairman of Currency Works said, “We believe Digital Collectibles are a new and powerful asset for any brand to engage customers plus fans and increase and drive transactions within a brand’s community. Our product update addresses the exponential growth of the space and the current growing pains in the industry, especially regarding payment processing, KYC AML, and the battling bots flooding demand. We believe our platform and experience offers needed solutions for this rapidly growing industry and look forward to announcing partnerships in both NFT creation, trading, and payment support.”
The CurrencyWorks offering has expanded capabilities in design, build, launch, management, community development, and most critically payments processing with its robust yet simple KYC AML infrastructure, offering end-to-end capabilities for NFT partners. These updates can support partners ranging from sports teams and leagues through to the music and entertainment industry to established household brands and even to the art world who is embracing NFT’s as evidenced by the recent $69.3 million sales of Beeple’s “EVERYDAYS: The First 5000 Days” NFT auctioned by the storied Christie’s auction house.
As NFTs get more attention in the mainstream media, this will benefit CWRK as the company is one of the only pure-play bets in the space.
OTC Stock Movers EEENF
EEENF is a new oil and gas play that just announced its Rig 111 commenced drilling at the Merlin-1 exploration well on the North Slope of Alaska.
The drilling program at Merlin-1 forms part of the Alaskan-based explorer’s Project Peregrine which holds nearly 200,000 contiguous acres on the North Slope of Alaska. EEENF holds a 100% working interest in the Peregrine project that will reduce to a 50% interest post the completion of funding as part of a recent farm-in, whereby 88E is carried on the first US$10m (of an estimated US$12.6m total cost) for the Merlin-1 well.
Success at Merlin-1 could yield over 300 million barrels net to 88E and open up further prospectivity at Project Peregrine, in addition to unlocking the substantial proven resource at the adjacent Umiat oil field, which is 100% owned by 88 Energy.
The company’s current cash position stands at US$13m which it said more than funds its share of the drilling of Merlin-1 as well as its other planned activities.
For those that missed out on MDMP, EEENF has just as much potential and is priced at just $.015 a share, making EEENF the cheapest oil & gas play on the OTC Markets. If drilling results are successful, EEENF could be a monster play.
OTC Stock Movers MDMP
MDMP is the top OTC stock mover with a 5 day gain of 2,850%!!
MDMP is running after issuing a March field update reporting enormous energy reserves.
What we like about MDMP is that the company has been putting out news every month updating its status. MDMP has been in the oil & gas business since 1981 and CEO Michael Rafael has 40 years of experience in the industry. We suggest you check out the company’s website here.
MDMP is the real deal, yet sports a market cap of just $173 million with just 286 million shares outstanding. If the company’s reserves are proven, MDMP will be trading in dollars.
As we keep saying, there are always opportunities in the markets and there are still winning OTC stocks to buy. Huge gains can be made in such a short amount of time.
If you like any of these OTC stock movers and have missed the move, our best advice in these tough times is to be patient and throw bids in below the market. Buying dips and selling rips as swing trades remains the best strategy in these markets.
It’s also important to look for OTC stocks that have yet to run. There are plenty of opportunities out there and we look at hundreds of OTC stocks to buy each week trying to find the best alerts for our subscribers.
Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
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.