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cheers FL!
well...I have to say that Mudpuppy wins the cupie doll ….as the s/p falls under a dime....gotz to give it to him whether you like it or not....IMO...
there are too many moving parts to make a decent guesstimate for the high of the year....especially with a shareholders meeting coming up.... Consolidation? Restricted shares and for long??… Stop sign removed or same ol' same old!....Revenues???..good, bad or ugly. Terrible penny markets.... This company is definitely interesting and frustrating all at the same time. BTW...Charts are still in a DT....GLTTA!
well..if historically is June 11 then you would be wrong as the share price struggled to move up and the RSI has been taking on water since the middle of MAY....BUT The old saying:
"Even a Broken Clock is Right Twice a Day" (I stole this from ABprofits) so keeping saying this week or next week....it's bound to happen!
based on what.....specifically?
sorry... but I find all songs are useless indicators for any charts and plug up the board as much as Ratfink does. Bottom line songs videos don't make me money....
really the indicators don't mean anything right now?...like what do you mean like this very minute?....because I strongly disagree!.... so does the fact that the RSI has been stinking since late May mean nothing? or the fact that the s/p has been below the Ichimoku clouds since the begining of May? or the Par Sar has correctly called the downtrends since late april? nothing? right? … and the MACD has been submarining since late April too!! it all means nothing these past months???...Ok I'm a fool!!!
You guys just keep moving the goal posts...first the financials were going to be out before the new year...that was 8 months ago!....ya... 8 months ago....every couple of months it's going to be next week or 3 weeks or 4 weeks. let's face it Jimmy has not come thru on a timely fashion. Period!...I do not care about the wink-wink...nudge-nudge that they give shareholders at the company visits because they have done nothing to get decent NRS or even get the stock price up....I think I'll just keep my useless indicators to myself...lol!
FWIW.... KSHB has had a pretty stable chart over the past 7 months
you were dead wrong RMN....the only decent indicator is the CMF...in this Downtrend....
thank you for all your useless posts Manslap...you are now on ignore
Really RMN??….you lost some credibility with your post last night....no wonder you removed it...how could you say that?... on a mid-holiday week with anemic volume SGMD couldn't give a strong (or weak) indication with the pathetic volume that could have painted the s/p up or down on a whim. The volume is so thin this week I can't imagine the indicators felt any changes whatsoever....I just callz them how I seez them.....IMO!
looks like no one wants to pay .13.....
I hate to rain on the SGMD parade ...but here is the situation... the s/p was been in a horrific downtrend since April 23 to June 21...finally the stock flipped to the upside confirmed with a PAR SAR flip and was in an Uptrend move that only lasted 5 trading days as we fell back in a downtrend mode last Thursday....Problem...this stock is not getting the bid support that it should be, considering all the banter and claims which posters say they are buying...
Now if we are so close to becoming current and announcing our Bizrite update/deal ….then where are all the bids?...and honestly I really don't expect to have any real support considering the holiday feeling this week...so here we wait yet another week...happy July 4th to all!
not today u didn't......
you know for a bunch of bullish supporters that were going to buy a whole bunch of cheap shares down here @.13...there sure seems like an endemic volume....where are all the buyers that were going to load up last week?
well....a couple of things come to mind...first let's look at the charts....we are at the same position as we were at the end of May...now will we flip the PAR SAR and head north or will we continue the path of a heading south....currently the chart shows that we have been in a falling knife for over 2 months. so there has to be a major event to change our coarse and so far Jimmy has not delivered...so until he does...we will flounder ….IMO
Now if they increase the A/S ...no big deal...and if Bizrite gets their performance and merger shares without a 1yr or 2 yr restriction....then there will be dilution...IMO
hey maybe let the new guy answer ...afterall he works there... ; )
well...let's assume I am ok with the unfinished financials for now...I'm not convinced that budlife is the real thing.. What happened to the 1st $5m PP last summer to raise Budlife funds? Now plan to run another for $8-9m? ...what is the game plan for a product that can be vacuum molded and produced quickly?
Ohhh...has anybody heard a peep out of Siranchi Stix of late?
..and how are the Bizrite shipments coming?....I haven't heard Fl with any updates of late. I hope that's not a sign of bizrite slowing down..remember Biz needs to meet $2.5m monthly average for their 30 mil. per yr, average... the things that make you go hmmm....
ok RMN.....let's say I believe that Budlife is the real deal...I'm not sure why they wouldn't have inventory already...they've had 6 months to rollout....their product is a no brainer for injection molding and/or vacuum molding so it's real simple and quick to produce the product. I hope you're right and I'm wrong because I'll be a rich man...and I don't want to think about the alternative.
Finally I'm not sure where you are getting your support numbers from..... .121 means that they broke thru .13 support plain and simple!...and the CMF ...the only decent indicator just went negative....
FWIW ...what you were referring to are FAKE WALLS when someone puts 100k or more shares as a wall on the ask or on the bid which ever way they want to move the stock. they usually come down when they have enough fills or the stock price moves sufficiently to take some of the fake wall out or it cancels before it gets taken out.
ok ….good speech RMN...the only thing you forgot was saying ...WIN one for the Gipper!
FWIW... I do respect RMN and ALL of his previous posts and information but I think you are off base on a couple of important issues.
First of all if we could travel back in a time machine to Nov 1 2017 and I told this board that the filings would still not be filed on time and it really wouldn't matter....I'm sure that this board wouldn't of found enough pitchforks to skewer me with. Jimmy is the one and only one that has let us down..... by not getting the filings competed on time then repeatedly missing his own target dates....and now you guys are all good with it?...it makes me shake my head. If the financials are not the problem then why aren't they out!
Ok the next issue which I take up with you is the s/p supports. I'm letting the charts talk for me.... the charts suck right now (and most of the indicators too)....13 is no longer support as they crushed that days ago...the new support is .12 and by the end of the week it might not even be support any longer and may fall below that.
And yes I believe the SGMD garden has some nice blooming flowers but don't overlook the ones that are sickly. I still have major doubts on Budlife…... so maybe bring us up to date with Joes product because I still do not trust this product because of its legacy owner... as always I'll state my ownership which is still 175k shares as of today. GLTTA
IMO....I believe that the MM manipulates the stock indicators (with trades) at certain points in time to get the stock setup that they looking for....are they successful everytime ….no...this is my believe...
..like I have said in the past I believe that SGMD has a MM looking out for them and follows the Par SAR closely....so we shall see in the next few days...
FWIW...I'm still sitting on 175k shares...so it doesn't matter much to me either way!
so ...IMO...the MM is going to either push the s/p down some more to prevent a parabolic flip or he will have to concede an uptrend....personally I think he will push the s/p down a little further....
First opportunity....I think Sugarmade should change their name...looking at the proposed new website....it just didn't feel right with SUGARMADE...IMO
SOO...how could Jimmy file these fins??...a little early isn't it?
Financial Reporting - Sugarmade(SGMD) has now filed its results for the quarter ending September 30, 2018
.13 is support ...let's see how it holds.... ; )
well...I guess we know now where the volume has been coming from over the past couple of days ; )
I have always believed that SGMD has a tight relationship with the MM...IMO...they could have turned the S/p up four days ago and started an uptrend with an NR...instead they continued the downtrend and they will take it down until they come up with a spectacular NR, again IMO!
lol..lol...ok I'll bite....where is it?
you know the saying manslap....if it looks like a duck...waddles like a duck and squawks like a duck...hmmm ....it probably is a duck!
and how long has budlife been in testing mode...we'll still be waiting for their rollout announcement ...12 months from now...
That's hilarious.....you never dis your investors ...period! I could be a Sleek investor...he doesn't know that!
Besides he's the one who said that he would have the Q's filed on time....BUT he didn't ....even with a late filing notice!.....YOU DON'T THINK HE OWES ALL OF US INVESTORS BIG OR SMALL A VIABLE EXCUSE???.....DAMN RIGHT HE DOES!!!
I tried getting a hold of Jimmy many times by phone ....NADA in over a yr. I'm no idiot, I have talked to tons of CEOs...Jimmy is one of the slipperiest!!!!!!
josbor...what happened to your application to head up their accounting dept?...did they even contact you by any means?
FWIW....I called Jimmy for 3 days now..and the extension #168 says...I'm sorry that extension is not recognized!
bailosellhai while you are there ...ask them the tough questions regarding the Q's ...and don't take BS as an answer..don't leave until they tell you a more than reasonable excuse.
Plus ask him what his real contact number is..good grief ...did I really have to ask that....really?
Floading the extension #168 doesn't work for me
josbor8...try mymmf
I asked for jimmy's extention...I have that number but when you call it you need his EXTENTION or you get directed to carryoutsupplies which turns out to be a fax sounding line and no one answers. So are you embarrassed JImmy because you should be ....why??.... because it sure makes you look like a low down good for nothing scammer!!!
does anyone have jimmy's extention?
you forgot something:
Why Short Volume is Important
Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.
Nevertheless, short volume data is important — market makers are some of the most informed investors out there and they know the supply and demand equation of a stock better than almost everyone. Some do trade for their personal accounts and their shorting shows up in the short volume. Like other technical indicators, if enough people believe in something, that something can happen. It is also true that when factoring in the trend and potential randomness, a market maker could be potentially bearish if the short percent is substantially higher than average. The market maker could be potentially bullish if the short percent is lower than average.
To balance the two opposing factors and to prevent market makers from gaming the short data, an investor should use the site in the following: If short percent changes rapidly from day to day, or if short percent goes to one extreme (a monthly high or monthly low), it is a sign to pay attention to the fundamentals and technical of a stock more.
Volumebot helps ordinary investors gauge market maker sentiment by displaying daily short volume as reported by FINRA. We aggregate all of the the short volume data and total volume data (but not short exempt volume due to its small size) reported by FINRA from ADF, FINRA; NASDAQ TRF, FINRA NYSE TRF; and ORF and display it in a simple chart and table format. Please note that due to the fact that not all volume is reported to FINRA, our total volumes will often be considerably smaller than the volumes listed on Yahoo or Google Finance.
Our proprietary market maker indicator has three settings, ‘Somewhat bearish — Pay More Attention to Technicals and Fundamentals’ , ‘Neutral’, and ‘Somewhat bullish- Pay More Attention to Technicals and Fundamentals’. It weighs historical short volume data for the stock from data reported from FINRA. The indicator should not be used alone and is best used in combination with other fundamental and technical factors. We should mention that shorting is very dangerous and should not be done by most investors.
As with other indicators, short percent does not work by itself, but it does help investors make more informed decisions.
For those of you who would like to learn more, subscribe to our free newsletter when it comes out. You can find the sign up on the upper right hand side for desktops or below for mobile.
This is why "short interest" would be more important to me...
FWIW....I don't know where you guys are getting your date for legalization for MJ in Canada....but weeks ago the date was pushed back to some time in late August but probably SEPT is what I'm hearing..
https://globalnews.ca/news/4030429/recreational-marijuana-canada-sale-delay-august/
The one major factor of penny stocks is that they are easily moved by manipulation usually in the form of NRs ...no NR ...no manipulation...the ball's in Jimmy's court and it looks like he has come up lame...broken ankle Jimmy?