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YUP!!! Exactly!!!
The fact that these former DEA guys look so freakin' OLD makes me think they are helping our cause.
Thanks jsnhgns
Don't know about Fed's playing stocks, but do know they understand tax revenues associated with legal MJ
From American Bulls. This takes into account today's close.
BUY-IF
0.0076
-0.0004 -5.00%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Candlestick Pattern
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
Don't agree with you in the near term
Too many large blocks being purchased to be just retail sales. Professionals are taking positions IMO. I look for price stabilization tomorrow and some non dramatic upward movement, followed by a pps bobbing in the 7-8 range.
Pretty obvious when you look at the charts that the MM's picked the perfect time to open the trap door on Wednesday, February 20th. The price dropped like a stone. The fine folks who had just made some pretty mind boggling gains panicked over the prospect of losing their new found riches, and knocked over tables and chairs heading for the exits.
The panic spread and picked up momentum as it always does and the PPS fell to absurdly low levels. Both the price drop and the panic continued on Thursday as the former big winners streamed out the exit doors, some clutching gains, some sputtering out the water they now found themselves under; but at least they were no longer panicked, now just chagrined. The PPS recovered rather well as the MM's friends straightened up the tables and chairs and took over the spots formerly held by the wide eyed refugees.
Not sure what was coming next a more orderly abandonment ensued and went on for what is now 5 straight days of downward movement. Winners and losers cashing out together, and MM's buddies and smart money moving in. Does it stop tomorrow? I hope so. I think so. The stock seems to have a solid floor in the 7-8 range, but without news, who knows really.
My prediction is we stabilize tomorrow (Tuesday) and move up slightly after that, but mostly sideways until the company communicates with the market. There is enough money moving in and out in large blocks to convince me there is smoke here, and soon there will be fire as well. When news fans those flames up we go, and fast. All IMHO.
A Sign of Things to Come??
Budget Cuts Could Pull Navy Out of The War on Drugs
By: USNI News Editor
Monday, March 4, 2013
U.S. Coast Guardsmen unload 3,500 pounds of cocaine in Miami March 16, 2012. The crew seized the cocaine from a 35-foot vessel in the Caribbean Sea as part of Operation Martillo. US Coast Guard Photo
U.S. Coast Guardsmen unload 3,500 pounds of cocaine in Miami March 16, 2012. The crew seized the cocaine from a 35-foot vessel in the Caribbean Sea as part of Operation Martillo. US Coast Guard Photo
U.S. Navy frigates will stop patrolling for drug runners by April because of forced sequestration budget cuts, a Navy spokesman told USNI News on Monday.
On Saturday, U.S. 4th Fleet was informed by Navy leadership it would suspend deployments of two ships—part of the Joint Interagency Task Force South’s Operation Martillo—by April because of the 1 March sequestration cuts, said the 4th Fleet’s Cmdr. Cory Barker.
“The cancellation and deferment of ship deployments to 4th Fleet is unfortunate,” Barker said. “We will remain hopeful that Congress will act so we can recover and continue those missions.”
Currently the Oliver Hazard Perry-class frigates USS Gary (FFG-51) and Thach (FFG-43) patrol the Caribbean and the eastern Pacific looking for drug runners using either high-speed “go-fast,” boats or slow-moving, hard-to-detect drug submarine-like craft to smuggle hundreds of tons of cocaine and other drugs from South America into the United States.
With the frigates out of the picture, the amount of drugs entering the country will increase, U.S. Coast Guard Commandant Adm. Robert Papp told USNI News following Tuesday’s State of the Coast Guard address.
“We already don’t have enough surface assets down there to interdict all of the drugs that are smuggled from South America into North America,” Papp said.
“If those [frigates] go, we don’t have enough platforms to put Coast Guard Law Enforcement Teams on. We would be down to the point where we would only be using Coast Guard cutters and we don’t have enough [of those] to meet the demand JIATF South has for us.”
Oliver Hazard Perry-class frigate USS Thach (FFG-43) in 2011. US Navy Photo
Oliver Hazard Perry-class frigate USS Thach (FFG-43) in 2011. US Navy Photo
Along with Coast Guard cutters, help from Navy and Air Force reconnaissance aircraft and limited international involvement, the Navy helps stop about one-third of illicit drugs bound for the United States. Ships from the U.S. Navy and other international navies host U.S. Coast Guard Law Enforcement Detachments. The LEDET teams provide ships with the legal authority to interdict suspected traffickers and make arrests as necessary.
“The other complicated thing that goes beyond the U.S. Navy [is that] Great Britain used to provide a ship down there, the Dutch used to provide a ship, the French used to provide a ship and they are all having defense budget problems now and are withdrawing from the Caribbean,” Papp said.
The Navy planned to relieve the Gary with the San Diego, Calif. -ported USS Rentz (FFG-46) in April but with the cuts, Rentz would remain pierside. The Thach entered 4th Fleet in February and could be sent back to San Diego as early as the end of March, Barker said.
“Since we started Operation Martillo on 15 January 2012, partner nations have supported 67 percent of the law-enforcement interdictions of illicit traffickers,” read a statement from JIATF South that was provided to USNI News. “We will continue to look to these partners and employ the assets we have to maximize and sustain the successes we are now realizing against illicit traffickers.”
Since its start, Operation Martillo (Spanish for hammer) has intercepted more than 145,000 kilos (160 tons) of cocaine—worth about $4 billion—125 tons of marijuana, and $3.5 million in drug money, Barker said.
Flights of Navy P-3 reconnaissance aircraft based in El Salvador will continue for now, Barker said.
The Navy faces $9 billion in budget reductions for Fiscal Year 2013 if the current sequestration cuts stand and the services faces a yearlong Continuing Resolution.
This from American Bulls as of Friday close:
BUY-IF
0.0080
-0.0002 -2.44%
Candlestick Analysis
Today’s Candlestick Patterns:
Doji
Bullish (Doji) Star
Candlestick Pattern
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
For more about this candlestick click here.
The last two candlesticks formed a Bullish (Doji) Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
Ha Ha Ha yes it is...
I agree. Day trading is helping to keep price down.
But real news will move the pps I believe it is coming soon.
Anybody have a link on the Army connection?
This from American Bulls...
BUY-IF
0.0080
-0.0002 -2.44%
Candlestick Analysis
Today’s Candlestick Patterns:
Doji
Bullish (Doji) Star
Candlestick Pattern
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
For more about this candlestick click here.
The last two candlesticks formed a Bullish (Doji) Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.
Hope that proves accurate...
Thanks for the info
My understanding of the MM side is not sufficient to comment
Are you thinking they are going to be buying on behalf of an interest who is just investing, or taking over?
Republicans traditionally take states rights side...
The tax dollars should take care of their other concerns.
Agree 100%...Large buys and plenty of money flowing in keeps my interest as well
Ha Ha ...Where have I heard that before???
Every contract for every deal I have ever been party to..
Preaching to the choir JohnF1
The end of January was like the 4th of July with PR's and then crickets...
That is why i posted the info on shell companies
ERBB is worth quite a bit to any group that wants to buy them and instantly become a publicly traded company, without the IPO hassles.
Just one more reason ERBB is an interesting long (and possibly not very long) play
Looks like another uneventful close
Got a link on that one Romans828
To borrow from NASCAR
This is like finishing under yellow
Food for thought...
Not suggesting ERBB is a shell with no operating business, but they could very well enable a larger concern to "go public" very quickly with very little hassle. Especially in this industry.
What is a Shell Stock? A Shell Stock is a publicly traded company that has no operating business. Many of them trade for pennies and are thought to be worthless. But after completing a Reverse Merger, they can explode in price and increase in value by 10 times, 20 times, and possibly over 100 times their original share price
What is a Reverse Merger? A Reverse Merger is a technique that allows a private company to become an instant public company. This alternative method for completing an IPO (Initial Public Offering) is the catalyst that makes the price of a Shell Stock explode!
All other MJ stocks I follow are up today
Very frustrating.
Accredited Investors are
People with a net worth exceeding $1 million excluding real estate,
or people earning $200,000 or more over the past 5 years ans expectation of that continuing.
From MMJ Business Daily:
=== A Message From One of Our Sponsors:
Are you looking to make angel investments in the legal cannabis
industry or looking to raise capital for your enterprise? If
so, please read on.
If you are an accredited investor looking to put 50K or more
over the next year into seed or early stage private companies
poised for rapid growth in the legal cannabis and hemp industries
OR if your company seeks capital, partnerships, and mentorship
from industry leaders and other investors then the ArcView Angel
Network might be the place for you to build the relationships
you'll need to prosper in this emerging industry.
The ArcView Angel Network investors are a diverse group of
about 40 angels that include representatives from small
venture capital firms, other investment professionals, high
net-worth individuals, dispensary operators and the creators
of some of the most successful businesses in our sector.
Angels may invest in any company they wish but can collaborate
with other angels for shared due diligence and investments.
Legal companies seeking capital go through a vetting process
before being chosen to present and then we work with entrepreneurs
to help them put their best foot forward to the angels and media.
This angel group model has been very effective in other sectors.
We operate on membership dues from angels and presenting
companies and do not take finder's fees.
At least once per quarter, the ArcView angels meet to hear
presentations from the best pre-screened entrepreneurs seeking
funding. Presentations are videotaped for angels who can't
make the meetings. Following the presentations, we have a
social hour, dinner, and party.
It's a full day of evaluation and relationship building that
also usually includes a special guest speaker. In the past
we've had former California Assembly Speaker, Willie Brown and
Seattle Mayor Mike McGinn address our group.
After the meeting, due diligence teams are put together from
people interested in possibly investing in given companies.
The media has been taking notice of our efforts. In the last
few months, ArcView has been featured on NPR's Marketplace,
Wall St. Journal, Yahoo! Finance, Seattle Times, Market Watch,
MSNBC, Huffington Post, and many other outlets.
Our next meeting is on April 29th in Seattle, WA. We expect
to hold meetings in Denver and Boston in the coming months.
If you'd like more information on how to participate please
send a message to investors@arcviewgroup.com or
entrepreneurs@arcviewgroup.com telling us a little bit about
you and your qualifications and interest. Ideally, please
include a link to your LinkedIn profile.
See below for testimonials from some of our members.
I look forward to hearing from you and collaborating with you
to usher in the next great American industry.
Be well,
Troy Dayton, CEO
The ArcView Group
www.arcviewgroup.com
169 Eleventh St.
San Francisco, CA 94103
IGGY him and the board makes a lot more sense
OK
First three are on me
I hear what you are saying but...
The right PR will throw rationality right out the window. IMO
With that said...
We hit a new low for the day
Were this a normal stock in a normal industry I would agree
But this is neither. Perception is 95% of what will drive this pps. People are ready to jump in; millions of them.
"Irrational Exuberance" could be taken to a level not dreamed of since...MDBX???
In the case of a well perceived news item, $0.25 will be in before lunch. IMO
CO, WA Brace for Gov't Verdict on Retail Cannabis Sales
The long wait is almost over. Attorney General Eric Holder revealed
this week that the Department of Justice is close to issuing an
official response to cannabis legalization in Colorado and Washington.
Brace yourselves, because the business implications will be huge.
Hey Bigtime
Love the video you added... love it
Two steps forward, one step back, still gets you there...
News has got come. Way overdue...
BOOGITYY BOOGITTY BOOGITTY
Holding steady...Some 4-5-6 minute gaps between trades
Not anywhere near the volume of selling going on now as to the past several days.
1 Million shares on bid at .085