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Oh Boy! If you are interested in penny stocks that is my forte. 95% of the OTC stocks are scams, but... if you know how to play them and can sit in front of a computer all day you can make some serious money. These stocks are heavily manipulated by the insiders and stock promoters involved in these stock selling schemes. The key is to watch and chart them and wait for the signs of the pump and dump. I did check out WTER but with the minimal volume (it traded 3000 shares @.015, that's $45!!) you would most likely get stuck. Look for companies with high volume and sharp ups and downs. Many stocks have clauses in there financing arrangements that call for a certain minimum floor price of the stock. It's amazing how the price bounces off this number (not really as the financer (I call them penny pimps) usually has a short position to hedge the shares he has been given and "covers his short position as the price nears the "floor". Another good sign is an S-8 filing whereby the company issues shares to consultants (usually family and friends!) and has to promote them to get a good price. The majority of these p+d's usually last 2-3 days with the best time to dump your shares being the morning of the second day around 11:00 AM. Current pumps I'm following are FSTI and CMKI which are both at their peaks (just my guess). Watch them retrace back to their levels of last week. Just remember, gamble only what you can afford to lose, and at the very least, take your original investment off the table ASAP and ride your free shares.
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