{"id":3682,"date":"2014-01-22T17:15:16","date_gmt":"2014-01-22T17:15:16","guid":{"rendered":"\/?p=3682"},"modified":"2014-01-22T17:15:59","modified_gmt":"2014-01-22T17:15:59","slug":"olie-inc-otcmktsolie-makes-a-massive-jump","status":"publish","type":"post","link":"\/articles\/olie-inc-otcmktsolie-makes-a-massive-jump\/","title":{"rendered":"Olie, Inc. (OTCMKTS:OLIE) Makes a Massive Jump"},"content":{"rendered":"

\"8OLIE_chart.png\"Olie, Inc. (OTCMKTS:OLIE<\/a>) has been sliding down the charts since mid-December and it seemed that nothing can stop them from hitting rock bottom. Yesterday, however, we saw some impressive performance by the ticker which made a huge jump in price and volume. <\/p>\n

People went crazy after OLIE<\/a> announced that it has completed the negotiations to acquire a private company called MVP Holdings Inc. and the stock lifted off and reached $0.0133 in the sessions’ peak. What was even more crazy about it was that there was no obvious paid promotion to fuel this.<\/p>\n

Then, the momentum lost its power and the stock returned to doube zero land, but despite that OLIE<\/a> closed the session with an impressive 150% jump at $0.0075. The massive 144 million shares that switched hands managed to generate $1.3 million in dollar volume, the highest in over a month.<\/p>\n

People tend to forget that OLIE<\/a> filed a financial report earlier this month which was anything but impressive. It covered the year ended September 30, 2013 and contained the following numbers.<\/p>\n

cash: $83
total assets: $83
total current liabilities: $295 thousand
revenues: $0
net loss: $17.89 million<\/p>\n

\"9852LOGO.png\"Despite the grim financial situation in the company however, the investor message boards are buzzing and everyone that invested in OLIE<\/a> is out there touting the company stock. Where will OLIE<\/a> go from here is only for time to tell, but there is a big possibility for a correction.<\/p>\n

In any case, be sure to do your due diligence and weigh out the risks if you are having any thoughts of jumping in on the hype.<\/p>\n

In the medical marijuana secor we see that Cannabis Science Inc (OTCMKTS:CBIS<\/a>) is making a recovery, while Growlife, Inc. (OTCBB:PHOT<\/a>) is going further down the charts.<\/p>\n

\"56CBIS_chart.png\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Olie, Inc. (OTCMKTS:OLIE) has been sliding down the charts since mid-December and it seemed that nothing can stop them from hitting rock bottom. Yesterday, however, we saw some impressive performance by the ticker which...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[229,622,21],"class_list":["post-3682","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbis","tag-olie","tag-phot"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3682"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3682\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}