June 18, 2021 -- InvestorsHub NewsWire -- via
Insider Financial - By Jim Bloom
The US stock market, including OTC stock indexes, is flashing
red after the Federal Reserve turned hawkish during its Wednesday
meeting. Obviously, the central bank left the interest rate at
0.25% as expected, but it said it was expecting to increase it in
2023, about one year earlier than initial projections. The Fed
cited a better economy supported by the vaccine rollout.
Brian Coulton, the chief economist at Fitch Ratings, stated:
“The central case growth and inflation expectations for the next
couple of years have not changed by much since March, but there is
an explicit recognition that the vaccination program has reduced
the risks to the economy from the health crisis. Against that
backdrop the projections show that the Fed will have achieved both
its inflation and maximum employment goals by 2023, warranting a
start to interest rate normalization.”
The statement caused a visible correction in stocks, as both
blue-chip and small-cap indexes turned red.
Still, the decline is temporary and actually quite needed for a
market that has been hovering at its all-time high for a while. The
economy is recovering and that’s the most important thing to
consider.
NOW IS A GREAT TIME TO BUY OTC STOCKS
This is a great time to invest in OTC stocks, as the US and the
global economy are gradually recovering from the devastating impact
of the COVID-19 pandemic.
With blue chips, you can’t generate substantial returns given
their massive market cap. One option would be to employ leverage,
but it is risky, and there are few brokers and trading instruments
that allow leverage on major stocks.
The good news is that there are OTC stocks with robust
fundamentals that are trading at bargain prices, and we’re here to
bring them to light.
Generally speaking, trading OTC stocks is much easier than
getting exposure to blue chips. You don’t need a big account, and
it’s technically extremely easy to make the first steps. All you
need is a laptop and a brokerage account.
Nevertheless, you should keep in mind that small-cap stocks are
subject to enormous volatility like what we have witnessed in the
February-April period.
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.
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.
We recommend you to own 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.
Today, we’ll share 4 OTC stocks that haven’t previously been
covered. They are Alternet Systems, Inc. (OTCPK:
ALYI), Cantech Holding Inc (OTCPK:
BSSP), Image Protect Inc (OTCPK:
IMTL), and Sun Pacific Holding Corp (OTC:
SNPW).
OTC STOCK TO WATCH #1 ALYI
Alternet Systems, Inc. is confidently uptrending after breaking
above key resistance at 4 cents. At the time of writing, the OTC
stock is trading at $0.059, up 60% on June 17 and up over 50% over
the last five days. ALYI has just touched the highest level since
the beginning of May, but it has much room to go up until the
year-to-date peak touched in mid-February at over $0.16.
ALYI used to be a fintech firm focused on digital payments and
data analytics, but it redirected to electric mobility a few years
ago. It has developed a comprehensive, long-term electric mobility
business strategy focused on Africa’s Sub-Saharan market. The
strategy is about producing its proprietary ReVolt Electric
Motorcycle meant to perform in a rugged environment and be able to
support the multi-passenger ride-share industry in Africa already
recognized by Uber and Lyft.
The company has advanced from managing a portfolio of patented
lithium technologies and maintains initiatives in alternative
energy storage research and development and energy storage needs
specific to military applications. ALYI’s three main products lines
are:
- Energy storage – ALYI is building a
portfolio of Lithium technologies in partnership with a Fortune-500
company, though it explores other energy storage options as well,
such as graphene-based supercapacitors.
- Electric vehicles – the company already
has a product – it’s the ReVolt Electric Motorcycle, which has been
developed through several pilot phases. An industrial engineering
firm is now designing the manufacturing capacity to mass-produce
the motorcycle. ALYI says it’s only its first electric vehicle, and
it’s currently working on electric delivery trucks built for the
Sub-Saharan market.
- Military apps – ALYI’s management team
has the first-hand experience with many of the military, special
operations, and clandestine uses of batteries. It is familiar with
many of the vendors that provide the military with current
contained power solutions today. The management team has
conducted training operations with small nation-states to empower
those entities to support the UN’s consensus on allied sovereign
authority.
On June 16, the company announced that it had completed a
scheduled review of its electric motorcycle development program
with the dedicated design team from MODUS Applied Innovations.
MODUS is working with iQSTEL on connected, state of the art,
electric vehicle technology in support of ALYI’s overall electric
vehicle program objectives. ALYI management is working on a
shareholder update on the EV Rideshare and Self-Drive Rental pilot
program to be published this Friday, June 18, 2021.
More importantly, the company has an order to deliver 2,000
electric motorcycles in Kenya to be deployed into the motorcycle
taxi (boda) market. The first delivery schedule for July is
intended to support a first phase, pilot rollout of the ride-share
service. The motorcycle ride-hail market in Africa is estimated at
$4 billion.
Besides its pilot ride-share service starting in July, ALYI
plans to introduce a self-drive rental program. Specifically, ALYI
plans to rent its electric motorcycles in Kenya that can be
unlocked via a mobile phone app.
We think that this Pink Current OTC stock deserves investors’
attention given that the company has a working product delivered in
a market with relatively low competition, it collaborates with a
Fortune 500 company, and it is confidently expanding.
OTC STOCK TO WATCH #2 BSSP
Another OTC stock on the rise is Cantech Holding Inc, formerly
known as Bassline Productions Inc and Reve Technologies Inc. The
price has surged by over 125% on June 17 and has gained over 190%
during the last five days to trade at $0.0032. It peaked on June 16
at $0.0037, which is the highest level in over 5 years.
The company is working to become Pink Current, and that means
that something big might happen. We think that such opportunities
should be eyed by investors in the first place because OTC stocks
seeking to become current are onto something and can increase in
value by several times.
On June 14, BSSP said that it had updated its corporate filings on
the OTCIQ system and intended to become OTC compliant by retaining
a Pink Sheet current listing in order to create a path towards
revamping its corporate identity with a directive towards acquiring
operating assets within its holding company. While we don’t know
anything about the potential merger or acquisition, but it’s
something to keep an eye on.
Cantech was previously operating in the medical and
pharmaceutical industries. Nevertheless, most recently, the company
was exploring several opportunities in other industries.
We still don’t know much info about BSSP’s plans, but one thing
to consider is that Harry H. Zhabilov acts as BSSP’s treasurer and
chief science officer, while Diana Zhabilov (probably his wife or
relative?) is the company’s president.
Well, Harry Zhabilov is also chief scientific officer and
founder of Enzolytics Inc, one of the best-performing OTC stocks in
2020-2021, on which we reported on several occasions. We still don’t
have any official confirmation about a potential merger, but the
connection is meaningful.
OTC STOCK TO WATCH #3 IMTL
Image Protect Inc has been bullish in June, gaining over 77%
over the past 5 days alone. The OTC stock is now trading at
$0.0071. IMTL peaked in mid-March at about two cents on the hype
around non-fungible tokens (NFTs).
On June 11, the company became Pink Current again.
IMTL is promoted as a media company that focuses on microcap
news, information, and disclosure, as well as crypto, blockchain,
and digital assets. IMTL recently acquired OTC PR Wire, LLC, a
revenue stage service provider and news platform catering to
microcap and small-cap companies on a global scale.
IMTL also has a digital asset library and proprietary technology
through its subsidiary Fotofy. It is building an NFT marketplace,
which will be launched in the coming months.
On June 15, IMTL launched Mcap MediaWire, a full-service press
release distribution, publishing, and multimedia solutions company
focused on issuers and investors in the microcap space. The product
is led by IMTL’s division McapMedia LLC, which has been rebranded
from the recently acquired OTC PR Wire LLC – an established
multimedia/publishing firm with an expanding client base and
revenues of over $500,000 as of 2020.
Mcap MediaWire produces, contracts, and publishes several
content assets for microcap firms, including CEO/executive
interviews, press releases, disclosure statements, video news, and
more. It plans to expand its portfolio of offerings to include
loyalty programs, hosted shareholder town halls/meetings, social
media management, professionally produced podcasts for clients, and
more.
CEO Larry Adams commented:
“We are thrilled with the acquisition and launch of Mcap
MediaWire and the potential it holds for growth and overall
shareholder value.”
Meanwhile, IMTL is working on launching its NFT marketplace
through Fotofy, a
free photo share site that pays both creators and publishers when
an image is used online. Fotofy is developing a portfolio
containing celebrity NFTs. All Fotofy celebrity NFTs are unique
images created by an elite team of creators, such as Idris Erba, who’s been the exclusive
photographer for Jaime Foxx, Floyd Mayweather, Cristiano Ronaldo,
and Dwayne Johnson, among others.
All in all, we think that IMTL is poised to expand thanks to its
newly launched product and the NFT marketplace to be launched soon.
Also, the company is Pink Current again and confirmed that it didn’t plan any reverse
split.
OTC STOCK TO WATCH #4 SNPW
Sun Pacific Holding Corp has recently broken above a key
resistance line at 3 cents, gaining 50% during the last five days
and over 110% during the last month. The OTC stock is now trading
at $0.043, the highest level since mid-April. SNPW has been
correcting since late January when it hit 20 cents, but it’s about
2,000% up year-to-date and has the potential to potentially update
the YTD peak.
The $46 million company promotes itself as a green energy firm
focusing on solar and waste-to-energy technologies. It is working
to deploy its subject matter expertise and experience in green
energy solutions to design, develop, build, and manage advanced
green technologies that support renewable energy solutions.
Sun Pacific has several subsidiaries, including Sun Pacific
Power Corp, Street Smart Outdoor Corp, Medrecycler Inc, Bella
Electrical LLC, National Mechanical Corp, and Sun Pacific Security
Corp. The company’s solar power bus shelters and energy-efficient
lighting solutions provide clients with ready-to-use systems that
cut the costs of ownership while being environmentally
friendly.
On June 15, Sun Pacific announced that its wholly-owned
subsidiary, National Mechanical Group, had entered into a
partnership agreement to develop Queensland Australia Solar Farm.
National Mechanical Group and Renewable Energy Engineers Aust.
(REEA) will develop an initial 100-megawatt solar farm in
Queensland, Australia, to help the energy grid in that area.
The team has received a lands rights agreement for 750 acres and
one power purchase agreement for the solar farm and is in
discussions with component manufacturers and investment
partners.
Sun Pacific CEO Nicholas Campanella commented:
“We are excited to work with the team at REEA in developing this
opportunity and more in Australia. The initial discussions and
development so far have been successful, and we look forward to
developing this opportunity for all of our stakeholders.”
The announcement proves SNPW’s ambition to expand its company.
In March, the company updated its shareholders, providing a
positive outlook for 2021. SNPW is also working on a 50-megawatt
solar farm project in Durango, Mexico, following a delay caused by
the pandemic.
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 alerts
with strong fundamentals and let our subscribers pick the ones they
like to build a well-diversified portfolio oriented at penny
stocks.
All of the 4 OTC stocks discussed today are on the rise and are
good stocks to hold. Nevertheless, 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. Still, whenever an OTC stock is in the middle of a bull
run, we recommend our subscribers to book profits.
It’s very important to eye OTC stocks that have room for growth
and have yet to make their explosive 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 crush the market averages.
As always, good luck to all (except the shorts)!
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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.
SOURCE: https://insiderfinancial.com/4-otc-stocks-to-keep-an-eye-on-alyi-bssp-imtl-snpw/181679/
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