Good evening roachies, it’s El Cucaracho with another late night special. My last late night specials FNMA and FMCC could’ve easily netted you 20% the next day, but now we’re shooting for more. One warning though, you may have to buckle up for this one.
LOCN is a shell company that exploded at 3:15 pm this afternoon when they submitted a ton of filings to become active again. We know what this means right? When a company that has absolutely no money or revenue and has become a “shell” all of a sudden has enough heavy duty money to bring itself back to Active status, it means they are a likely merger candidate, and the private company looking to go public using this shell is the one who probably paid for the filings! Dormant and inactive companies don’t go through the hassle and burn through cash to get back to active status for cool points.
This is a low floater, so it will be EXTREMELY volatile tomorrow, and if you can’t handle the swings I advise you to just look the other way because it could get ugly. There are other safer plays, this isn’t for the faint of heart. These are the lottery plays that can make you a ton of money, or turn on you in the blink of an eye.
It closed the day at .0085, up 1316.67%, but chances are if it’s going to move big, you won’t get it at that price. Reverse Merger plays are the type of plays that a roach would lose sleep over, so here I am giving you the heads up. I’m not responsible for what happens tomorrow, but if you happen to make some money, can you take it easy the next time you see one of my cousins crawling around your kitchen minding his business?
Support and resistance levels are…frankly it doesn’t really matter at this point. Technical analysis will matter once this stock settles down into a price range where we can find these points, but right now no one knows how high or low it’ll go and I won’t pretend I do. Just trade carefully.
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Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock. We reserve the right to buy or sell LOCN at any time after this post.