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Did someone forget we recently climbed back out of the 3's?
These things go up and down. Keep a dayjob for times like these. Helps to have powder on hand to buy when a good company has a down trading day.
? I've posted once I was confident during the dip if that's what you mean?
Turned out loading some at the low 3's wasn't a bad idea after all.
IMO, the RMAT hype was well overdone. Their decision to stop active pursuit doesn't inherently disqualify them from future endeavors.
As I understood, it was a financial decision for them. It's nice because in the end, money > government.
Some people sold during the fear, and I can understand that. I'd also understand if it cooled off at these levels and then made a move back up.
How do we explain if it does break upwards without news, a naturally occurring phenomenon?
Hate to say I told you so.
Continuing on its way down.
Chances are super strong this one loses more money for naive investors.
These get pumped, then shorted. LOL
Been watching here for a bottom. Expecting big changes for the future.
Beautiful. I was getting antsy when I saw it crest .3 and I was in on .310.
Had a nicer close than expected. Might see decent progress in the coming weeks.
I need this to last another few days for funds to clear. Amazing how short sighted people can be, but at the same time novice traders can't stand red.
Not pursuing the back and forth of RMAT approval with the FDA. Deciding to shift focus to increase revenue. Apparently they were constantly needing to provide more information which was 'straining them financially'.
Most read this as either RMAT denial, or the company just giving up altogether on working with the FDA for the moment.
Since many were here on the 'inevitable expectation that RMAT would be approved' - those folks jumped ship as soon as they could, albeit with grave losses. Instead of walking down, panic selling has been in serious effect.
So, if you bet short - today has been good to you. If you're a long, you might be biting your nails holding and hoping this is just a short term issue. Some are also content with sitting on whatever shares they have regardless of what happens over the next several months.
Today is a great day to have spare cash in the account
The longer the silence, the less confident your typical holder becomes.
However at this point it also isn't worth the risk to jump ship. That's a typical action that usually leads to regret.
Surprised that this tipped .17 and floated back down. That would generally mean RMAT places above .20 with future positive actions from the FDA driving up in stair stepping fashion.
People worry too much, some stops were triggered, some taking advantage of fear, accumulating on the dip.
So, a typical day in OTC land.
Great day to be born! I would know.
We both deserve a little birthday surprise for holding out.
But is it still the FDA we wait on, or is it USRM? Some company communication would be appreciated.
Still holding strong. A bunch of noise isn't going to take away the value here.
LOL - some bipolar price action out there today. Check in every so often and I'm either down a few bucks or a few hundred. No biggie.
Lots of games from both sides really.
There is some truth to them both.
Many people ultimately want in lower and lower and lower. It tested .17 on speculation alone, but there are some make or break decisions that NOBODY here knows the conclusion on.
Nearly every post needs to be taken with a grain of salt, big grain of salt. It's ihub in general.
I've always had better luck sticking it out, but this really could go either way so I can't blame anyone in having uncertainty.
If the company fulfills its intended direction with FDA support, then the value is much higher.
If there's some sort of detrimental aspect lurking in the background that investors aren't aware of, then we'd be in for a shock of a drop.
Many many eyes on shorting it down and then picking it up at what many are hoping to be a 'more reasonable' price.
I just keep thinking of the chase. I did it once after I sold my initial block acquired at .04 - am looking forward to hearing something from the company.
Pretty interesting day!
Have to say the early price action compared to end of day was quite the show.
Movement confusing - like morning was a build up and afternoon was a let down. Anticipation of news vs not getting news.
Lots of parlor tricks in the market. Even I'm not sure which direction we're headed, or how much RMAT will do for our pps.
LOLOLOL WRONG.
Except he's still interested in buying the stock, just for cheaper than it's worth.
Mong some hoof lads, it'll be a nigh fine time we be going t'wards.
And RMAT isn't even the finale, just a bottle rocket compared to our future fireworks.
'The market is a way of transferring funds from the impatient to the patient.'
Well it's between now and 5/31.
Long weekend coming. I'd expect Tuesday.
I can't imagine news on a Thursday night with the market closed on Monday and Friday being a generally low impact day.
Then again, many make money by expecting the unexpected.
So Growlife is about to become Catalyst Lighting eh?
It really depends, a lot of his charts seem to trigger contrarian trading.
He says it's looking strong and bulls are in control? Goes red next day.
He says things look shaky and that downtrend could continue? Great day next day.
This analysis left a lot in the middle, so who knows. A lot of people see his posts as the devil, but interesting information nonetheless.
Good morning!
Has been following a good 2 steps up and 1 step down pattern.
Higher highs, higher lows - looking great.
Yup, this exactly.
Huge hit. Suspension of stock led to the burst of the mj sector. Went from .05 to over .77 in a matter of months. Long holders and people who had put in only a few thousand were seeing huge rewards.
Then, SEC suspension. Only thing to come of it was a lawsuit where shareholders barely got anything, and the trader 'hotstockace' was put in jail for stock manipulation. No legal penalty ever came for the company itself, despite allegations relating to Scott's wife.
Since then, we've been given Marco Hegyi - a guy who got the stock trading again, but only apparently to destroy the share price and squeeze what little was left out of the value for his higher ups. Used to be a company with tangible assets and vision, now just another penny dump.
Weird, almost like that's a fantasy price?
This is your load zone, get to it!
Realistic at least. Plus the possibility of an outlandish drop upon release of news.
If it climbs high before news, it will drop somewhat on release.
If it sits around these levels by release, it will shoot up.
Market psychology is insane, but that seems to be the way things go.
Considering they applied earlier and the FDA didn't deny - but asked for more information, this bodes well as far as %'s are concerned.
USRM provided that information to the FDA and we are awaiting news on the response. From what I understand, we should know any time now.
Since there was no outright denial, but seemingly a request for information and clarification - I expect at least 75% chance of approval.
Considering their treatments have already turned positive, tangible results - it can be considered likely.
We're on each side of the fence. Your estimate is unlikely and mine is likely. One interesting thought is the possibility that FDA requests more information again? That would place us in another boring hold pattern for a couple months.
You're witnessing the makings of a failed lunch time bear raid.
How red today? If it goes low enough, I'll sell the rest of my holdings and go all in on usrm
See you back over .17!
If you're still waiting, don't.
LOL shorts, is that all you got?
Bring it on.
Now let's just clarify that a halt is NOT happening right here at this time.
Though if those rumors are being pumped out, it's a sign that there are some seriously desperate people out there.
But a halt/suspension/grey market relegation can be very bad for your money.
One example is the halt that some pot stocks went through in 2014. Ph0*t being one of them. I stood to make over 20 times my initial investment before the halt they placed on that one. After halt, I only made out with just over 4 times my investment. The money I was going to make went from life changing to just being a decent gain. Best to watch what the SEC does to stocks, since they can single handedly destroy futures.
So a halt scares money - big money right out of the market or ticker that gets halted.
As someone who has followed this stock, each day makes it look more like a toxic dump.
LOL you've been shorting this sector for years. Good luck out there.
That means end of may we should hear the answer one way or another. No later than.
I find it interesting Shaz expects that USRM has been informed of a denial since Shaz is presuming the company would jeopardize themselves by engaging in illegally spreading insider information to pump their share value in advance.
The fact that the pps has only seen marginal increases or decreases lately only seems to indicate that The decision has not been made per Shaz logic.
I know there are many unwilling to swallow their pride and get back in at the current trends around .08 - .09. My question to those folks is do you think it will be worth the wait?
This keeps on impressing me! You'd expect some step downs.
Yet holding really strong for now recent news.
You've seen Comella speak?
I was skeptical until seeing that presentation.