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Actually, I believe FPVD is an all around legit company with management that seems to have good heads on their shoulders. Also, any research, DD, and investigating I have done leads me to believe that FPVD is one of those very unique tickers down here in pennyland that seems to actually be something other than a scam to make a handful of guys rich at the expense of the shareholders. I feel that "floundering" is a bit too aggressive of a verb to describe what FPVD's PPS is currently doing, trust me, I was here for the "floundering" and it was not pretty. Anyone else that was there with me knows that these are very good times for FPVD and us FPVD "veterans" are all certainly happily excited for the coming weeks and months, that's for sure. That said, let me get to why the PPS is hanging out down at these levels, at least for the time being anyways...
If one takes a closer look at FPVD, it would be worth noting that they only actually became the company that we see now, with this business plan, just slightly over a year ago. I believe it was March of 2015 when they began pursuing this business plan. Incidentally, they need some working capital to get off the ground. Unfortunately, the majority of that working capital came in the form of convertible notes. Better known as toxic debt in the investor world... The dilution from those convertible notes has been the main reason for the low PPS. It also took FPVD a little bit to get off the ground, as it would with any new company. Fortunately, the one good thing about toxic debt is that it can be paid off and become something of the past. In the case of FPVD, they have been making good progress toward this goal.
FPVD is also, just very recently, finally beginning to get some great exposure into this emerging market. They had been slowly, but steadily, building their client base and building a brand but the Beginning of August was, in my opinion, the beginning of the next era for FPVD. This advance into the next level for FPVD can be marked by the order for the United States Forest Service, followed a week later by the order for the Department of Homeland Security. FPVD also stated that there will be many more orders to follow. The thing to ponder about orders for government agencies is the concept that most orders lead to contracts if the product is well liked, as I believe will be the case here. I also believe that something which becomes familiar within these agencies often becomes the "go to" for other agencies. This is simply because the name can be recognized and the product has already been tested.
All of this is, of course, the view that I have formed after watching FPVD over the past year. Anything can happen, nothing is for sure in the stock market, especially on the OTC exchange. FPVD may soar, or they could end up fizzling out. What I do know is that the current events within the company, along with the fact that the market for products like these seems to be about to explode, is enough for me to be pretty confident. Yes, this is an OTC ticker down in pennyland but, for once, this is not because of unscrupulous management activities or a bad business plan. I would encourage anyone to do a bit of research into successful companies that got their start down here in the OTC. The list, though it may be short, would surprise some people.
That is very impressive. I had attempted to make contact with FPVD a couple time in the past to no avail. Although, I do believe that was not from lack of concern for investors, I believe it was simply because FPVD is still so young and they really do not have hardly any employees, especially 6 months ago. Also, I believe everyone involved with FPVD has been working exhaustingly over the past year to get the company off the ground. I have a feeling we will now begin to see a change in the atmosphere within the management of FPVD now that they can finally breathe a sigh of relief. After a year of hard, grueling work and a PPS that fell to a quarter of a penny from nearly $2 in October, FPVD is finally able to see their vision come to fruition.
We still have a lot of work to do but FPVD has now "made it" IMO. No longer do they run the risk of failing as a company and losing everything they have put into this. It was for this point that I stuck with FPVD for so long and through so many months of uncertainty. As I have said, if anyone could have seen what I have seen with FPVD since last October, they would be willing to stick it through anything these next few weeks will bring. The toxic debt was unfortunate and two different increases in A/S have been necessary as a result of that debt but I believe all of that will be trivial to where we are going.
I was here for the first 8k's bringing the first news of the convertible notes that would be needed to keep the company going through its first year. I was there for those first convertible notes, then the next that were needed, and then the ones after that. I am also still here to see those 8k's stop coming through, to see the need for toxic financing to disappear and the remaining toxic debt to dissolve away into something of the past. This, in itself, is enough to make me comfortable with FPVD. What came as a surprise was to see all of the marketing they have been doing finally begin to pay off in the form of these orders.
It is going to be a crazy last quarter of 2016 IMO and I feel that 2017 will bring us a year of new horizons with FPVD. I didn't intend to go on such a rant and please don't look at this like me pumping FPVD. By all means do your DD and only invest as much as you are comfortable with in ANY ticker in the market, not just FPVD. I just wanted to make it known, from someone who has been with FPVD for quite some time, that these are very exciting times for me. Good luck to everyone, and may we have good, respectful, and constructive conversations to come here on the FPVD board.
Hello stockaudit
Might I suggest becoming a MOD here? I could use a hand and your DD is very good. It would be nice to be able to have more than just 1 sticky at the top. I've been here since the days when this board had a post count in the single digits. It is great to see so much interest and good conversation on the FPVD board FINALLY! Let's all do our best to keep it honest here and stay out of the gutters. The last thing I want to see is the FPVD board find it's way down into the pump and dump Ihub underworld. So far, it has been great (for the most part) and we all really have something here.
Take it from a guy who has been here since October and seen the days of FPVD trading consistently back and fourth between $1 and $2... It took quite a journey to get here but I, for one, am glad I stuck it out. I just had a feeling with this one and, despite some hard times and against my usual investing logic, I always kept my faith in FPVD.
Force Protection Video Receives Order from the DHS/Department of Homeland Security.
http://www.otcmarkets.com/stock/FPVD/news/Force-Protection-Video-Receives-Order-from-the-DHS-Department-of-Homeland-Security?id=138145&b=y
To go along with their order from the United States Forest Service.
http://www.otcmarkets.com/stock/FPVD/news/Force-Protection-Video-Receives-Order-from-the-United-States-Forest-Service?id=137666&b=y
Here is a particular excerpt from the US Forestry Service release that is worth noting:
I got that too through my e-trade. Looks like they are going to start putting out their feelers. The "Attorney Advertising" part did make me chuckle a bit. Either way, I'm here until the end now, as I am sure most of us left are given the current PPS. Luckily, I managed to do some maneuvering so I am only actually into the shares I own for $45 so that is the most I stand to lose. That, unfortunately, may not be the case for some of us left sticking around here.
No point now but to see this out to the end for me, whatever that will be.
May have a bit of consolidation today. Either way I believe it will stay above a penny from here on out.
We should see natural support at the one penny level. SHOULD see anyways. IMO, I believe we may hold here for a while and take a healthy breather from the last few days. This should give us a great base for the next news that should be coming soon about additional contracts. I've been here since last fall when FPVD PPS touched $2 a share. It sure would be nice to see those days again. I think that may be in the future sooner rather than later with the way things seem to have turned around.
I always said, FPVD has a unique product in an emerging market and they can really do well if they can get the exposure they need. It looks like this may be the first of many leaps and bounds for FPVD. Another PR revealing yet another good contract will do wonders if released in the near future.
I've been with FPVD since last October and I will agree with you on that. I've had trouble getting any kind of response from investor relations or any department really for that matter. I'll chalk it up to the adolescence of the company, that may just be hopeful thinking but I'll take it.
On a side note, I've also been with the FPVD board since pretty much day 1 and it's nice to finally have a fellow MOD. It was getting pretty boring around here until yesterday.
Sorry if this has already been mentioned today. It's been a rather busy work day and I haven't had the chance to read any of today's yet.
As far as I'm concerned, choosing a Monday for the release date for the Q2 financials shows that TRTC is confident that the market will at least be somewhat pleased by the results. I'm sure there will still be no profit, barring something hugely unforeseen, but I would be willing to bet the margin of loss has been narrowed enough to show some progress. If it were me, I'd pick a Friday to release bad news as that would give the market the weekend to kind of "get over" the news and maybe the PPS wouldn't bleed so bad the following Monday.
This is all just my opinion, of course, but to me, a Monday release date is a good sign. Whether or not the market reacts in a good way remains to be seen but at least it shows some confidence on the company's end. Either that, or the results will be released with some good catalyst news. Either way, I feel like TRTC has something up it's sleeve for us on the 15th. Let me rephrase that to avoid the comments from the peanut gallery... Something GOOD up it's sleeve.
Could be a decent day today. Either way we have tested this support several times and it seems to be very solid so I believe it may be safe to say that the .0035-.004 range will hold until the trend can reverse.
A noteworthy press release from last week:
https://forceprovideo.com/2016/07/1189/
The foundation for the company is definitely there. Unlike most in the OTC, they have a real product in a developing market. If FPVD can take a solid hold and avoid any further toxic financing, I believe the second half of 2016 will be the beginning of the next step here.
It's also worth poking around the FPVD site if you haven't yet. A lot of useful/interesting info there.
I realized that I failed to mention my position here. Since I have been in and out of FPVD since last October, that would mean that I do have the unfortunate "privilege" of being one of those who is holding shares averaged much higher than the current PPS.
I was playing the swings from .80 or so to 1.20 around the beginning of the year when I was trapped in the sudden free fall that began around the end of February. I was able to average down to around .14/share but unfortunately, I haven't been able/willing to allocate anymore funds towards FPVD as of late.
I am going to start throwing some more funds at it in the next week or two, however, as it looks to me like we have it the bottom around these levels. For those of you who are just coming in to FPVD right now, I believe the timing could not be more perfect for you. My advice to you would be to allocate a certain amount of your FPVD funds towards a core position as well as a trading position. The swings we see carry potential for good profits with smart trading and the future potential of FPVD more than justifies holding on to a core position, especially one made of "free" shares that you have built up from trading. This is all my opinion, of course, and will be the way I approach FPVD in the next couple weeks.
Best of luck to all!
Wow what happened here? I don't check the FPVD board for a few weeks and all the sudden there's people to talk to! What a refreshing change. I've been messing with FPVD since last October, when it was trading between $1 and $2 pretty consistently. I've done a lot of research on FPVD and it really does seem to be a solid company with a good idea trying to get a share of a new market that I believe is about to take off.
I realize most here have already done their DD to figure this out but for those who have just come across FPVD I'll shed some light on why the PPS has taken such a hit. FPVD is just barely a year old (which is why yearly revenue ended April 30, 2015 only amounted to $5,000) and they are suffering from the normal growing pains of a new company. Unfortunately, FPVD had to use quite a bit of toxic financing (convertible notes and the like) to get themselves off the ground last year and the low PPS is a result of the dilution from the conversion of those notes.
Fortunately, if one were to take an hour or so to look through FPVD's past few filings, it shows that there has been good progress in paying these notes off. Unfortunately, however, FPVD did have to enter into one more additional convertible note in May but the amount totaled less than the amount of toxic debt that they had already eliminated at the time.
So far, the outlook is good for FPVD for the second half of 2016. The recent 10K showed some good signs of steady growth. It is expected that they would still be operating at a loss, just like the large majority of businesses getting off the ground. A steady increase in revenue is the key factor to look for early on and, though the growth is not as high as would be preferred, there is growth nonetheless.
Unlike most tickers down here in the OTC, FPVD is actually a legitimate company with a great product in a brand new, uncharted market that has the potential to become huge. What will define FPVD will be their ability to market their product and continue to pull in new customers. They have already proven that they will have re-orders once they establish a connection with a customer. They have a good product with a high re-order rate, now their ability to draw in new customers and expand their sales will be what rockets them to the top of an emerging industry. The dilution caused by the conversion of the notes has been unfortunate but it is also finite. Once we push through this phase, I believe it will be the beginning of good times for FPVD.
This is just my take on FPVD. As I said, I have been here since October of last year and have seen the birth of this board. It is very nice to finally see some people here interested in FPVD and will be great to get some input from other minds as well as the good ol' DD. What I hope, beyond all things, is that this board will not descend into the tasteless depths of bashing and pumping as that does nothing but pollute what could otherwise be intelligent, meaningful discussions. Trade and flip this ticker if you must, in fact, there is good money to be made in doing so at this point in time. If you so choose to do so, however, maintain a level of class and self respect. Use your skill in the stock market, rather than the much less respectable skill of manipulation to make your money.
So that is my massive post. Those of you who are new to the board can look back and see that I have somewhat of a history of long reads. I don't always post... but when I do post... I POST... Just glad to see some action here and I look forward to some good, intelligent discussion about FPVD in the future.
The 42% increase is in total sale of all concentrates, not just IVXX. I believe this is the math that is being referred to. IVXX now holds 46% of the market for that total sale of concentrates. I do agree that without actual numbers, this could hold little value, or huge value. I would have to assume that a 42% increase in the sale of all concentrates sold there would hold somewhat of a significant meaning. But that is simply an assumption. Don't mind me, I just like math.
For everyone's leisurely reading pleasure...
http://www.hemp-technologies.com/
I stumbled across this as I was looking into hemp agriculture. The site is packed with information on hemp from farming to products. I was completely blown away at just how many things hemp can be used for. I neither pumper nor basher, I am just a guy who has had a little skin in the game for a while simply because HEMP Inc. caught my eye with their ridiculously good ticker symbol. I mean, come on, seriously well played snagging that one up... I liked the idea behind the company so I figured I'd throw some play funds at it just for fun. It's been worth it just to learn what I have learned about the hemp industry even if I lose everything I've got in. If HEMP Inc. really does hold to their word, then this could really be bigger than a lot of people think. For those of you who don't mind reading a bit, let me explain what I've realized these past few months and why it leads me to believe that the hemp industry will be far bigger than anyone could even imagine...
I've gotta throw in a little background first, I feel like the reality of how big hemp could be wouldn't be there without it. I had the amazing privilege of growing up on a little 240 acre beef farm in the Middle of Michigan. It's considered a hobby farm as both my dad and grandpa worked to support their "farming habit." My great grandfather was the last in our family to make his living fully off the farm.
Being my dad's only child, the farm will inevitably come into my care at some point no matter what, though hopefully in the very distant future. I did kind of step away for a while, aside from the few times during the summer that I try to get over there and make sure I'm the guy runnin the hay mower most of the time. My grandpa is 78 now, he's still goin as strong as a 20 year old but he shouldn't be spending 12 hours on a tractor, even if I do have to fight him off of it...
Despite stepping away, I've always known I wanted to get back into the farm, even though many times my dad told me to get as far away as I could. Usually this was said while we were in the middle of working on yet another junk piece of equipment that had broke down. My big dream would be to figure out a way to make the farm a source of a living again, just as my great grandfather had. It's hard to make that transition, though, because such a farm demands time that one does not have if they must also maintain a 40+ hour a week job. I've crunched many numbers and looked at countless scenarios, there just isn't many options with the modest acreage. We have the unique opportunity of quite a lot of additional available land for sale but that too is not an option until the farm is stable and supporting itself IMO.
This is where hemp comes in and my real point to all of this is made clear. These past couple weeks, I have been seriously researching the possibility of hemp as a viable way to bring my dream to fruition. It turns out, hemp could make possible things that never were before with a smaller scale farm. There are, of course, two hurdles to get past before this option can be feasible. Number one being that growing hemp is still illegal in Michigan aside from use for research, which was allowed with the passage of the farm bill back in 2014. The second major hurdle is the fact that the potential for the hemp industry remains yet to be discovered, and will remain so until hemp is allowed to be grown on a large scale.
This drastically hinders any growth in that sector, which in turn results in a low demand for hemp, which causes low interest in hemp farming. This is a vicious cycle that will continue until states, and eventually the federal government, realize how foolish it has been to outlaw an industry with so much potential on so may levels that it is impossible to understand just how deep the ripple effect from the hemp industry would penetrate. There has been much positive progress, however, the "ignore it to remove accountability" approach that the federal government loves to use with these types of things is really slowing things down.
The obvious and immediate implications are there for the positive effects that a hemp industry would have. A whole new option of income for farmers, a very environmentally sound option for paper products, and maybe a few other items are the things most people know can be made possible. What the majority DO NOT know is just how many uses there is for hemp, I know I was blown away, I had no idea. Expand that to the whole new job market a hemp industry would create. Even less considered is the explosion of research and development in the hemp sector. All of those uses for hemp that surprise us now would be multiplied 100 fold when companies begin to pour in the research dollars to be the first to release the "next big thing from hemp!"
Industrial hemp farming is practiced in other countries, however, I feel that they cannot be used as a comparison or example of how it would effect the economy here in the U.S. The natural competitive nature of capitalism has fueled some of the most amazing innovations and ideas in the U.S. throughout the course of history. There could be countless uses and applications for hemp that have not even been discovered yet. I believe that the driving force of competition would fuel an explosion of research into hemp. This would result in a time period of rapid growth and expansion in the new hemp sector, shortly after industrial hemp becomes commonplace. It may take a year or two for this explosion to develop, but the resulting impact on the hemp industry will be the foundation for what I believe will become one of the biggest industries/sectors of the future United States.
The effect of the hemp industry would ripple through every aspect of the economy and touch so many areas that it would be impossible to make any kind of accurate prediction as to the positive economic impact. There is no way to gauge, for example, how many thousands of jobs could be created as this number would be exponential. From the highly qualified jobs in the research and development, to the workers in the factories making the new hemp products, all the way to the small business owner who decided to take a risk and open a new store stocking all products produced from hemp and hemp byproducts. Not to mention the countless other jobs in between.
I suppose I will spare everyone and try to wrap this up as I did not plan on writing so much. I could continue to go on but maybe I should save it and write an article sometime in the future. Just treat this post as if you were reading an article and it'll all be ok.
In the process of researching into hemp farming and the possible option it may be for the farm I grew up on. I learned many things that I did not know about this potential industry. The many different uses for hemp already in play was enough to convince me of the eventual market. Then, as I gave it some more thought, the seemingly unlimited potential for a hemp industry captivated me. Now, since this is a board specifically for HEMP Inc., I suppose I should address the company just a bit. What all that I have said means for HEMP Inc. is anybody's guess. As I said, I am neither pumper nor basher, this post is not meant to be directed specifically toward HEMP Inc. but the much more broad idea of a future hemp sector. The fact remains that if HEMP Inc. is truly working towards their stated goal, they will surely prosper in a future environment where industrial hemp has become commonplace. This, however, is not the question that is up in the air with HEMP Inc. The question which has remained persistent is that of whether or not HEMP Inc. is truly working toward, and hoping to accomplish, what they have been stating. Unfortunately, there is no way for myself, or anyone for that matter, to know the answer to this with full certainty. What I do know is that if the binders come off and the hemp industry is allowed to boom, I think it will be bigger than we all can imagine. This is enough for me to be fine risking a bit here.
FAIL! I thought maybe it would at least hold above a penny until today... I just need to stop posting the good or bad scenarios because it never ends up being the good outcome.
Yep, luckily I didn't fall into the "average down" trap, well, at least not beyond what funds I have set aside for "play" money. My gambling money if you will. It makes it a lot easier to be emotionally removed when you are using capital that you've already come to terms with losing. That said, it still does sting to gamble and lose but that is to be expected every now and then. I consider this much more entertaining and exponentially more educational than mind-numbingly pulling a lever over and over, hoping the sevens line up. I like the odds here much better...
That's enough rambling, I'll get to what I originally planned on posting. For me, for now, FPVD has been placed in the "que sera sera" category. Either something happens this year and the PPS recovers, or FPVD becomes my little tax write off come December to offset gains in other places. No point, for me anyways, in selling before then in a bad PPS situation.
These next few days will be very important in the future PPS IMO. There is usually relatively strong natural support at the .01 level but it'll have to handle the tag-team death match from the diluting MMs. The 10-q should be out soon for the period ending 4/30/16. Should this come out before it drops below .01, and if it shows at least a respectable amount of progress with the company as I believe it will, we should stay above .01 for good. A good looking, investor appealing 10-q might even reverse the trend... Though I fear anything less than a doubling of revenues over the last 10-q will merely cause sideways trading between .01 and .03 until some good news or catalyst. I think it will be harder for the 10-q to be detrimental to the PPS than it will for it to be neutral or positive. Harder, but of course, not impossible. My bet is on the sideways trading action until news or the next 10-q, which will be the first to show results of the LE50 HD Bodycam, which they rolled out at the end of April.
Now, that's all if the PPS can hold above .01 for the next few trading days until the 10-q. The last 3 were released on 3/15/16, 12/11/15, and 9/9/15. Logic would deduct that the next 10-q should be out sometime between today and next Wednesday. If we fall below .01 before then, that nice strong natural support turns into the big resistance bully. The sword cuts both ways, it usually has to work pretty hard for a few days to go sub-penny, but once you are there, it's a lot harder to climb back out... Today has been testing it pretty bad, here's to hoping can close above .01 every day between now and the 10-q.
So in a nutshell:
Above .01 PPS when 10-q is released = GOOD
Below .01 PPS when 10-q is released = NOT GOOD
I guess I could have put that at the top to save you all from reading my long winded post. At least I only come out of the woodwork every couple of weeks or so to throw out what's on my mind. What's on my mind is, of course, my own take on things based on what I feel is the most likely outcome of any given situation. Take it for what you will, I enjoy being amongst people who would rather have an intelligent conversation. The FPVD board may be one of the more quiet boards on iHub but something tells me that can be directly correlated to the high ratio of Intellects to Self Motivated Scammers...
It may dip that low but I am seeing a lot of support around the 4.10 to 4.13 area. If it does test $4.00, I am confident it will not break below. We were playing around in the over-bought territory anyways so I believe a slight pullback was needed/healthy.
Investors didn't seem to take to kindly to AMD's decision to price their graphics chips for the VR software way below the competitor's prices, either, which is what is fueling today's drop IMO. A drop caused by something like this usually doesn't last long and I actually think the lower price might help carve out a good market share.
It will be interesting to watch. I am adding and holding until Zen, unless something major changes my mind before then. As it stands right now, I am figuring on an average of somewhere around $10.00/share with a low of $8.00 and a high somewhere around $12.00 this fall when Zen is released. These are all my own predictions, of course, and many factors between now and then can have big impacts, positive or negative.
Looks like we will see some resistance at the ma(50) until we can get on top of it. Then, it should become support moving forward. Might have to do a little tango with it for a bit.
Welp, looks like the "good ol' media" has begun to implement "propaganda 2.0" against marijuana just as they did back in the 30's... Funny things is, I don't think they will be as successful this time around.
http://medicalxpress.com/news/2016-05-cannabis-linked-gene-mutation.html
Very much agreed. Intelligent, two-sided discussion is much more productive.
Judging by the volume it saw yesterday, looks like dilution is at work again. With not much buying to soak it up at that. That toxic debt from last year is really hammering this PPS hard. It needs to tread water and stay above .01 until the Q1 financials. There also needs to be visible improvement in said financials, which I do believe will be there but that is IMO of course.
Some good, solid news from the company would do good right about now. No fluff, something with substance, such as a nice contract with a good sized police department. Guaranteed contracts hold a lot of weight in the investing world. As I said before, I really do think FPVD could have something here. Unfortunately, even some of the best companies with the best ideas don't make it through that grueling first year if things aren't played just right.
Looks like it may be a good volume day today. We've surpassed the volume of both Thursday and Friday with 3 hours left. That's a good sign. Especially with a golden cross on the chart.
So far, so good today. Opening bell saw some crazy action but apparently that was an anomaly. The day is still young and volume is rather low but if it can hold, we will end the day in much better shape than yesterday.
I do agree it is hard to keep the confidence up. Today is a big day IMO. If this levels out, as I think there is a good chance it will, I'll take that as a good sign. However, if today is a mirror of yesterday and Tuesday, well, that would definitely ruin the support theory. That support around .045 is very fragile right now, I would really like to see it strengthen a bit today.
A bit of food for thought after these past few days with MJNA. I apologize in advance for the lengthy post. I figure most will take one look at it and not even read it. I don't always post on iHub, but when I do... I write nothing short of an article...
All in all, I would say the excitement is over, for now... At least until the next round of good news/progress. To wipe our brows and take assessment after the dust settles, we are in astonishingly much better shape than when we started last week. It's easy to get caught up in a run like this, the "edge of your seat" excitement, watching your portfolio climb by leaps and bounds. All of this on a ticker that had gotten pushed aside in lieu of more exciting ones after months of boring sideways trading. Especially when it closes strong to finish out the week and you have an entire weekend to dream of how amazing next week will be and what kind of cabinets you will put in your yacht. Then your heart has sunk by midway through the next week as the PPS pulls back. You succumb to your hindsight about not taking profits. You focus on all of the bad but forget to take a second and look at the last week and a half as a whole and see what the real picture is.
If you sold Monday and got back in today, I say to you well played, that shows a keen sense of how these scenarios normally play out coupled with an equally keen sense of timing. Along with some emotional discipline thrown in for good measure. If you sold Monday and got back in today, this post isn't for you.
This is for those who are riding that emotional roller coaster back down after the oh so fun climb, as a reminder to see things on a much bigger scale than day to day, hour to hour, or minute to minute. What I see is what appears to be a new, solid base forming in the .045-.048 range, a full 25-35% higher than before. Along with a few million added to the daily volume and most likely quite a few new eyes turned this way watching and waiting for a good sign/time to enter.
Questioning and second guessing one's past decisions and actions serves absolutely no purpose but only to dissolve one's confidence in themselves and negatively effect future decisions. A good example would be how easy it is to overlook where MJNA is at now compared to two weeks ago because someone is dwelling on how much money they missed out on by not selling on Monday.
Now, the stock market is by no means as predictable as some would have you believe and that unpredictability is amplified 10 fold in the OTC market. The best anybody can do is use experience, research, planning, and discipline to their advantage. The market may be unpredictable but that does not make it un-patternable... Sometimes a bit of luck and a whole hell of a lot of prayer doesn't hurt either... I am not saying I know for sure what is going to happen with MJNA but there are a lot of good signs saying we have found a new higher low to base at for whatever lies ahead and when that new base is at least 25% that of the old one, that is very good progress.
Tomorrow's trading will be the all important tell. These past two days we have closed above the low of the day which is good. We seem to have somewhat of a support between .045 and .048 that I am sure will be tested, and hopefully strengthened, tomorrow. Obviously a green close would be good tomorrow but trading sideways and even a red close above .045 would both be signs of strength IMO.
Welp, I'll stop now. A lot longer than I had planned but that's usually what happens. Sometimes I just like to throw my thoughts out there whether or not anyone cares to read them. Just figured I'd point out the good things that I think has happened to MJNA in the last week or so.
I agree with knife. I would wager we close above or right around .048 today. I don't see us going much higher, nor do I see us going much below that. The last hour will tell the story, though, the "power hour" wildcard can be full of surprises, both pleasant and disheartening alike. A few sideways trading days at these levels should confirm/strengthen the support at .048 and would also be a healthy breather IMO. We just couldn't operate in a healthy way with the RSI in such an oversold territory like it was.
I would also watch the volume very closely in the coming days. Barring any upcoming PRs or good news, we most definitely will not see the high volume days we saw last week. Such days are necessary to head back north, as well as put any significant meaning to our recent golden cross. I do see it possible leveling out somewhere between 2 to 5 million higher than where we were at volume wise, which I count as positive progress for sure. Crazy past week or so of trading days but I say a significant step in the right direction when all is said and done.
Hats Off To (Remember) Tomorrow, for the copious amount of Zeppelin references. We aren't at the Gallows Pole, there will be a Celebration Day in the future. We should all try to remain Friends. That's the Way it ought ta be. Someday, we can all have a Tangerine, Out on the Tiles, while singing our Immigrant Song...
(Zeppelin III was probably one of my favorite albums, can you tell?)
Looks to me like it is giving the old college try to stay up over .05. The RSI was just too far into the overbought territory for us to not have a day like today. I'll still consider it a win if we close above .05 today and start to form a solid base somewhere around there. Closing so far up over the low of the day would be a good sign IMO. Shows a good amount of buying interest even after the morning sell off.
Tomorrow will see a "golden cross" and hopefully on higher volume and upward momentum. For some, this can be a very significant bullish indicator. The RSI is playing in a very high territory. Tomorrow should be interesting...
I do believe we may have another quick little trade coming up. They seem to be rather predictable in the sense that we know it happens every now and then, yet once can never quite tell when we have that random 50% spike day, sometimes on no news at all even. I've yet to make a play on the spike but I'd like to. I'm keeping my long positions here, more as a professional curiosity in this ticker really, but building that position with a few free shares from trades would be really nice.
Volume, Volume, Volume, though. FPVD need something to turn some eyes on it. At these levels, we can't hardly move. The fact that the support seems to hold at such low volume shows that it may be one of decent strength IMO but I'm afraid we are stuck in a sandpit for now with this low volume. I'd like to think there are a few on the sidelines watching this one right now, at least until we see Q1 results.
All that said, I do believe FPVD in a nutshell looks much better than it did 2 or 3 weeks ago with a stable support. Gotta hit "rock bottom" before turning around right?
We need volume. The chart has stabilized and I do not see PPS dropping below .03 but without any kind of volume, we will keep trading sideways. I still have faith in FPVD as a company. The Q1 financials will tell a lot. We are crippled right now by the conversion of the toxic debt BUT it's noteworthy that the have not had to enter into any more toxic debt agreements so far this year so the dilution from the conversion of the notes is a finite problem. There is, at this point, an eventual end in sight.
I also really feel like the market for this product is in a very important, growing stage and if FPVD can get a foot in the door this early they could end up with a good market share. Now is the time to make a brand. They are still operating at a deficit but that is to be expected as with every company in the beginning. What to look for is an increasing revenue from sales each quarter and I believe we will see that.
The other important question is their ability to continue operations until they reach profitability and having cash on hand to cover up to 6 months of operations, even in the event of NO product sales, is a very good buffer at this stage. Especially since we already know that they already have a revenue stream from sales. A revenue stream which I believe we will see increase quite a bit through this summer.
As I said, the Q1 financials are what I am waiting for. I'm not looking for anything amazing that will "Turn this thing around and blow the roof off!" as many people in the OTC hope for. I don't believe we will see that just yet. What's found between the lines is what is important here. An increase in revenue over the last 3 months of 2015, a decrease in operating deficit, maybe an increase in inventory, those are the subtle things I am looking for at this stage.
Well, there's my long read. I'm more of a "post a big, long rant every now and then" type of guy rather than an every day poster. Besides, still not too many people to talk to here. That makes me sad, hopefully that will change. It gets lonely here...
Ditto. It was a life line dropped down into a deep, dark hole that seemed to have no way out.
Not that T/A really means much here but as a fun fact, we are trying to break the PAR SAR to the upside.
Fun Fact #2: A rotational crop, more specifically rotational farming is when you rotate which crops are planted in the soil so as not to diminish all of a certain nutrient in that soil. Makes for better crops/soil and also a very good farming practice. I guess growing up on a farm in small town USA does have it's advantages every now and then.
Well, that wasn't too bad of a close. I think it'll settle somewhere around here for a new base. A pullback is healthy after a day like Friday and to see it level out with a solid base before closing is great IMO. I'd love to be averaged down around the 2.00 range for sure but the powers that be just didn't have that in the cards for me. I'm here until Zen either way. I'm sure, by then, I'll have gotten over my regret of not getting in back when it was 1.80.
What makes me sick to my stomach is I wanted in at 1.80 but didn't have the funds freed up at the time. I decided to settle for the 2.60 range but decided to wait until the earnings were released. We all know what happened Friday though... I am glad I did wait for the pullback today, though, instead of jumping right in this morning.
Looks like I jumped in just a bit too early at 3.40. I saw the quick drop coming on the L2 but couldn't change my bid quick enough before it filled... Oh well, I do think we will hold at these levels and possibly even regain some of what it lost by EOD.
I'm holding out for 3.40 to get in. I think that's about where this pullback will settle. Although, 3.40 has been rather elusive this morning, it gets close but never quite touches it.
I, unfortunately, am averaged at .14 since I have been here for a while so I need it to recover quite a bit before I am out of the woods. What is spiking my interest is the increasing volume, and what appears to be enough buying interest to soak up the dilution that was previously allowed to run amok on the PPS. It has definitely been an interesting few days. No obvious reasons that I can see for the early morning spike we saw today. It looks to me like at least a few more people are starting to look at FPVD. What that means, though, would be anyone's guess.
Well played. Yeah, right now VNDM is pretty good at beating this back down by mid-day when it sees any kind of pop. It may wiggle up to a little green by the close but you definitely made a good move getting out before it worked back down. I'm thinking, maybe more hoping, that there might turn out to be an easily tradable pattern here while it slowly works back up.