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Something to think about. Whether you think this company is a scam or not is up to you. Personally, I don't really care as long as I can make money on it. What you DO have is a CEO who has put out a product, even if many think it looks amateurish, and he aggressively worked on a holiday weekend and at a Cannibus event to get the product (and the word) out. Even if he did all this as part of a scam, it is likely he will continue to do this in order to drive his pps up.
If this is dilution we saw today, you can imagine it doesn't stop today. But what is the best way for a company to profit from dilution? Allow the pps to go back up through PRs and news, and then dilute again. At this level, the price has dropped enough where it will surely go up before it goes down again. The smartest move would be to buy in the 6s and 7s, and watch it go up into the 9s and 10s. Once there, it is up to you to decide how to play this based on your belief of the CEO's intentions.
Happy trading. Looking for this to bounce to the mid 8s tomorrow, mid 9s on Wednesday.
UTRM
Get her back to 75 before EOD and you will see a gapper into the 8s tomorrow morning.
UTRM
It will be sooner than you expect. Just think about the number of people who bought at 9 and above this morning. Assuming they don't decide to simply cut there losses and sell for a 25% hair cut, these people (along with everyone who bought in the 7s and 8s) will form a moderate support level in the 9s, and will help sustain a run back into the 10s and possibly 11s. Not sure how long that run will hold, but getting back to the 10s after today's drop is almost certain.
My opinion, of course... UTRM
Lots of buys starting to come in
UTRM
I just took out those 20s. I like what I see here so far.
MEDT
Took a starter position today. Looking to see where this goes before deciding on adding more.
ILIV
10:30am, folks. Watch the real buying start shortly after.
UTRM
10:30am is typically when people on the sidelines decide to jump in. Keep up the bid support, and you should see a surge starting just after that time.
UTRM
I suspect we do break .0146, but I don't think it will be today. My gut tells me Thursday or Friday.
First off, that was said in jest. You obviously had no objections to it when I said it at the time. Second, I have hopes for UTRM with my 3 million shares.
I'm not going to pump UTRM, although my excitement in it may sometimes come off as pumping. I was just surprised to see the direction they took. Nothing on their website, from the news articles to the business-support services, to the MJ insurance offerings, indicated to me that they were not going to do serious news casts.
From the posts I'm reading here today, either everyone genuinely likes the format, or everyone is scared the pps will drop on Monday based on what we all saw in the news cast. I'll hold my shares for a few days to see how people really feel.
I actually think that a satirical news outlet that makes fun of pro-pot and anti-pot supporters would bring in a lot of followers and would probably be better geared for the "potheads" out there. If this is the way UTRM wants to go, then I'm good with that. Comparing themselves to CNN is misleading, and probably hurts them more than helps them. At this point, they should just establish their own identity and remove the comparison to CNN.
Then don't advertise yourself as the "CNN of Pot news". Sorry, not at all what I expected.
Is this a joke? Is this supposed to be a serious news network, or a Colbert-esque satirical news program? What's with the air quotes and funny faces?
You don't want the site to be crawled by search engines until it is live. Otherwise, the old content would get cached and show wrong info on the search engine results.
Hopefully not company shares ;)
If he says 4:20pm and for some reason has to launch at 5:00pm, everyone will be bashing him saying he missed another deadline. The 4/20 day for launch is enough for me. If he can't launch today, that's a whole different story.
Besides, the time "4:20" doesn't have as much meaning as the day 4/20.
I may only give them until 11:59pm EST. Can't have all this time to launch on 4/20 and then "technically" meet the deadline because of PST. If you want to cater to a national audience, launch on 4/20 for the whole nation.
I disagree. For an apparent expert in web design to launch a site that looks like that, and expect to be the "CNN of Marijuana", I would be disappointed. I expect to at least see something different.
Just did. Let's see if that helps momo here
UTRM
I have just a little bit of funds left to help this puppy close strong just in case anyone has any silly ideas of selling.
A mere bag of shells :)
UTRM
People on the sidelines waiting until a little after 3:00pm eastern to see how low this gets before they jump in. This thing is about to jump up hard going into close today.
UTRM
Maybe I'm crazy, but I just bought more. Now sitting at 3 M shares
For some reason, 104 isn't being taken down. I think once we hit 105 again, we fly to the 11s.
UTRM
This will hit .0115 by 12:30 eastern as people check this out during their lunch break today.
UTRM
Lots of buying at this level = great, solid support for future runs. Nice consolidation here
UTRM
PH should be fun today :)
UTRM
People so focused on the website they are forgetting about the insurance offering. Providing insurance will probably bring in more money than the other 4 revenue streams combined!!! UTRM
It was perfect. Clear indication of the business model. Anything more and it would have been more suited for a PR.
"We are launching Sunday as scheduled" UTRM
Holy chit we just blew through resistance
UTRM !!!
I do it anyway just to see how much money I will get when the pps hits my sell point :)
Not necessarily true. Most modern websites separate function from design. You can create themes/skins/layouts independent of the work being done on the functional aspects. At any second, you can change the theme/skin of your site with the click of a button (assuming you built a different one).
I don't care at this point. For me, they have until opening bell tomorrow. Makes no real difference anyway. What, so they give it to us tomorrow morning instead of today? Does it really matter?
Really, people are focusing too much on the wrong things, looking for any reason to doubt the validity of UTRM.
Nice close. Happy with the gains today.
You would think most people would be happy with an 8% gain today (at the moment) with an anticipated new site launching on Sunday. People on this board want the letter released so that the can make their big flip and leave, I guess.
Exactly how many "lies" have they told??
Or unresponsive attorneys. Yep, they do exist.
It is down, but it doesn't matter. New site not launched yet.
Televised?? Televised where?