ONCI Update
Well yesterday was one of the worse days all around in the markets with the Dow almost heading back under the 10,000 mark.
The market was painted red and this did not make things any easier on ONCI.
The variables that make our picks such a success we believe succumbed under the pressure from major panic in the markets today.
Although ONCI traded on record volume (1.35 million shares traded), this didn’t cure the red that the markets and ONCI seen yesterday.
We always make sure there is master plan organized to bring our members nothing but explosive gainers, but even this isn’t enough sometimes in cases like yesterday.
ONCI had a great open hitting a high of 0.39 cents then headed south after. I apologize to everyone who traded ONCI and took a loss.
There were not many opportunities to profit but for some savvy traders that were able to get in as low at 0.215 cents, congrats to you. It takes time to work the highs and lows like that, but it can definitely be done.
ONCI’s company is still one of my favorite companies and we can see nothing negative, therefore, in our opinion, it could still be a great bounce play.
More reason why we believe this is that ONCI even put out more positive news despite the fall today:
On4(TM) Communications Confirms the Cancellation of 52,223,931 Common Shares
http://finance.yahoo.com/news/On4TM-Communications-Confirms-prnews-1379651397.html?x=0&.v=18
ONCI looks to have a chance to rebound from this area, so keep watching it as this news is yet to be traded on.
We have some exciting things going on in the background, some explosive companies that we are prospecting that we are sure will more than make up for the blunder that occurred today (not to mention a possible bounce on ONCI’s part).
Always be sure to set limits on penny stocks to avoid too big of a loss.
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