I posted this back in early May and had several positive feedback posts. I was off on a few items short term but I think my overall stance is even stronger and more positive over the last couple months. Thought I would pass along for this board:
I am long ERBBand a fan. I own multimillion amount of shares at a cost of 4-5 cents. Now you know my position, here is my story why ERBB will more likely go up in a week or two then end up in subpenny land like all the doom and gloom people suspect
Any company in an emerging industry is not going to have everything you look for in a perfect company ie Apple, BMY, CVX, COL, etc. what you are faced with is a leap of faith based on what expectations are for the future of the company. Do not pay attention to financials, because they have not made money yet, do not pay attention to share structure, it doesn't matter if you have 10bil or 100k shares on the float, it matter where the company is in market cap relative to peers. Do not pay attention to the up and down swings, because it's gonna happen, and don't get freaked out when there is a shake out of momentum players, because it's not happening just with Mj stocks, it's happening with most momentum stocks right now. Look at tesla, amazon, etc
The Mj sector is new, being tested and going to have its learning curves. People try to trade anything Mj and that's all good, but what you really want to seek out is a company that has a viable product, scalable, and necessity. Zazzz is that answer. Not going to try to sell you on the machine, there is enough info on it to do you're own dd. "I" feel this is the company that stands alone and you need to figure out if that makes sense for you. ERBB has other items in the pipe but I am not here to sell you.
The share price has gone from 11 cents to 3 cents, 80% drop. Ok that sucks, however ask yourself why that is. Runup too fast, yes, sec involvement with phot, yes, risk off selling world wide, yes, people are freaked out, yes, people do emotional things, yes. The list goes on and on.
After all the carnage we are at 3 cents. I think we have seen the bottom and we are in a more rational price point for an emerging company like ERBB. Under 100mil market cap is not that lofty!! Been doing this a long time. Growth companies are very expensive until they are not, by rev, product, vision coming to fruition. That is small cap investing 101. We have a little support and the shorts look to be moving out. Lowest point of short volume in over a month. I have no crystal ball, but bottom line I believe in this company and think we are "fair value" and need some catalysts to go higher from here. Ie zazzz order confirm, co green light, wa going green, fed banking approval, etc I think we are closeclose. I am hitting a wall, but be happy to elaborate more tomorrow.
If you feel you want to be condescending, basher, anything other then polite,I will ignore you and not respond. Be devil advocate, make your case. Don't be a moron. Sick of the jerks on this board. Good night and glta!!
Replies:
Excellent post
Nickleordime on 5/9/2014 6:07:48 AM
These are fare statements and a fair play.
gincoke on 5/9/2014 6:58:41 AM
Great post thank you J!
Kim1111 on 5/9/2014 7:29:49 AM
Excellent Post. Couldn't agree with you more. Just
whynot1790 on 5/9/2014 8:05:42 AM
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