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SteadyTrade

SteadyTrade Treats 🍭Manipulation Nation

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 28 August 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

Happy Friday, traders!Plays are dying out and manipulation is through the roof. Listen to today’s episode to help keep you safe going into the end of the week with 2 examples of some of the most manipulated penny stocks we’ve seen in quite a while.We’ll be back next Monday with your Treats to start September strong!

Transcript

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0:00.0

All right, good morning steady trade treats listeners. This is your host, Bryce Tooey, not joined by Matt Monaco again.

0:06.6

But that's okay. It is Friday morning and it's the end of the week. And I don't know, to me it's been a relatively slow week and that's okay.

0:14.4

There just haven't been a lot of crazy, crazy runners. And again, the theme is continuing that there's just not a lot of continuation.

0:22.1

And that's fine. That's just, at least there are still a couple plays every day. They normally

0:26.6

just tend to fade off by the end of the day or really not do a whole lot of anything. And it's,

0:32.4

what's weird that was the volatility is still here. Well, we might be, again, lacking multi-day

0:36.8

runners in the penny stock world,

0:39.1

we are still getting a lot of volatility. One thing that I've also noticed is that, and this

0:43.8

has been true over the past really a month, but large caps have been on fire. They've just been

0:50.1

really hot, and maybe that's where a lot of attention is right now. Maybe that's why multi-day

0:54.0

runners are so rare.

0:55.9

So it seems anyways, but whatever the case, I want to dig into some of the hottest

1:01.8

movers of today, which again is Thursday, August 27th, and maybe what to look for into tomorrow.

1:07.9

And again, I don't have my, my co-host here, who is the OTC Master, but I'll give my,

1:14.7

I'll give my insight at the very least. So anyways, before we started, this is non-investment advice.

1:20.7

This is for informational purposes. So, I know last time we were on the podcast, we talked about Gaxi, G-A-X-Y, and S-H-M-P. Gaxi, that's kind of what I want to focus on because that's when I was a little bit more excited for. Nothing really. It just kind of tried to break out again and didn't do anything, didn't do a whole lot of anything. I don't love it, but I know Matt was looking to trade it today, and, you know, it's going to be one of those things. I don't see this going crazy tomorrow just because of how, or tomorrow, today, because, you know, this episode's being released today. I don't see this going crazy today just because it did have such a hard time breaking out on a lot less volume. If it's

2:01.2

going to, it's going to need to consolidate for a little while, in my opinion. But again, use the

2:06.4

volume as your judge. It normally, judge it by the volume. It normally is what you're going to be

2:11.2

looking for when a stock panics and when a stock is breaking out. It's doing it on low volume,

2:16.8

especially in the OTC world. You really have to be careful. It's doing it on low volume, especially in the

2:17.5

OTC world. You really have to be careful. Tread lightly. Okay, now, but on to the plays of today.

2:22.7

I do actually, we'll start off with the OTC. The only OTC that I'm talking about today is actually

...

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