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OTLK has been on quite of a run lately...

From about 80 cents towards the 3.69sh mark in the aftermarket today.

Key notes to take from this. Nothing goes up forever, the end is always coming.

With a recent reverse split the float comes down to 4.45Million Shares. For the last 3 days it has rotated this float a few if not 10 times during intraday action.

Key things to take from this:

Reading the filings:

On April 12, 2019, we completed an underwritten public offering of 10,340,000 shares of our common stock, 15-month warrants to purchase up to an aggregate of 10,340,000 shares of our common stock and five-year warrants to purchase up to an aggregate of 10,340,000 shares of our common stock at a combined public offering price of $2.75 per share and accompanying warrants. The shares of common stock and the warrants were immediately separable and were issued separately. The warrants were exercisable immediately at an exercise price of $2.90 per share. We received approximately $26.2 million in net proceeds from the public offering after payment of fees, expenses and underwriting discounts and commissions.

https://www.bamsec.com/filing/114420419019089?cik=1649989
https://www.bamsec.com/filing/114420419026623?cik=1649989

Considering there is 20million of shares available to sell over 2.90$sh level, I suspect the end is near, once the are done selling their Warrants 15 Month 2.90sh exercise price Warrants and the demand shall perish.


I am issuing a bearish outlook on OTLK for the next upcoming days. Price target under $2 but only after there has been at least 20million shares traded over $3 range.

OTLK SENTIMENT BEARISH


FNMA has been on my radar last month once it broke the 3sh level. Unfortunately it has not broke the 3.10sh-3.20sh level for quite some time.

Today it closed at 3.05 sooo possible 3rd time a charm should move this towards over the 3.10sh range. I advise to put FNMA on your radar as a potential immediate buy.

 
   
   
   
   
   

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