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I did not doubt you. I am just pedantic and literal minded. I lot of people probably like 100% returns year over year and don't want to miss a sudden liquidity influx.
Interesting. So, based on your date claim of when he called I went through the charts. Assuming, he did sell 01/03 --- I think know why he made that price call. That price is just around the ceiling value based on 100% float. What that means is that if all shares were liquid (which is not the case for most of these stocks) that would be the highest achievable price. Now this particular strategy I am not an expert at so I may be mis-interpretting... but I believe these stocks are liquidity traps and only 25-40% of the float is being traded. So, it was a very good, safe call. If you are still holding you still have risk.
I play a different strategy. I play within the traps not outside of it. But, it is much riskier and has a much higher reward.
Nothing. But, your opinion on someone's expert status based on a positive trade shows nothing as well. At least, I can prove I know what I am doing. And I sold TRTC as well. At a much higher profit than he did. And I am more likely (as are most people) to believe someone with a 100% record.
Don't you think that would depend on how many states legalize?
For one or two of the publicly traded stocks this is key to just surviving. For most it doesn't matter. The private sector will take most of the profits and these shell companies are already saddled with to much debt.
And how the federal govt decides to hadle things?
Of course but that doesn't change anything EXCEPT for the one company that is funded by a person in the GOP.
Obama, less harmful than alcohol,
Holder allows banking,
all in a week.
Yes. But, none of that changes the first point above. Also, HEMP and MJ are legal throughout the world and if it can be imported unless it is covered under the Farm Sub bill it will be cheaper to buy from over seas.
May be a trend to rescheduling?
Which is comming, just a matter of time.
Maybe you're right, but I would play it by ear.
I am holding the one stock I believe has a change to pay off... but it appears no one on this board has found it. That is because it does not need any PR or hype.
About Me:
I went through and pulled one of algorithmic trade accounts records during the crash through today. It shows That I suffered 0 losses in 5 years. This is symbol | purchase | date | profit | days held. This account made something like 285k over that time. And was up 300% at about... during the recession.
UIS 32.2 -621 33.9 2008-01-10 2008-01-10 1055.7 0
MOO 41.66 -480 44.01 2008-01-22 2008-01-22 1128 0
CPSL 40.92 -283 43.08 2008-01-22 2008-01-22 611.28 0
USNA 36 -555 37.86 2008-02-06 2008-02-06 1032.3 0
WOOF 32.07 -623 33.68 2008-02-05 2008-02-27 1003.03 22
HURN 39.25 -509 41.25 2008-03-27 2008-03-27 1018 0
USNA 21.21 -942 22.29 2008-03-31 2008-03-31 1017.36 0
HURN 41.01 -487 43.22 2008-03-28 2008-04-01 1076.27 4
JAKK 23.43 -853 24.64 2008-04-23 2008-04-23 1032.13 0
JAKK 23.29 -858 24.46 2008-04-24 2008-04-24 1003.86 0
CHE 33.83 -591 35.57 2008-04-25 2008-05-20 1028.34 25
CSUN 31.53 -634 33.24 2008-05-23 2008-05-23 1084.14 0
PHI 47.01 -150 52.55 2008-06-10 2008-06-10 831 0
CSUN 23.58 -848 24.93 2008-07-01 2008-07-29 1144.8 28
ZEUS 31.5 -634 33.27 2008-09-10 2008-09-10 1122.18 0
GU 36.05 -554 38.1 2008-09-10 2008-09-10 1135.7 0
PL 24.91 -802 26.25 2008-09-18 2008-09-18 1074.68 0
ENH 28.42 -703 32.51 2008-09-19 2008-09-19 2875.27 0
ATLS 23.26 -675 24.91 2008-10-07 2008-10-07 1113.75 0
UYM 24.54 -814 25.84 2008-10-08 2008-10-08 1058.2 0
KB 30.73 -650 32.72 2008-10-08 2008-10-08 1293.5 0
TTES 22.33 -895 23.52 2008-10-08 2008-10-08 1065.05 0
HUBG 23.1 -865 24.35 2008-10-24 2008-10-24 1081.25 0
KNDL 25.52 -783 26.89 2008-10-24 2008-10-24 1072.71 0
VE 24.4 -819 26.17 2008-10-20 2008-11-04 1449.63 15
NILE 24.25 -824 25.53 2008-11-05 2008-11-05 1054.72 0
KNDL 23.46 -852 24.67 2008-10-28 2008-11-05 1030.92 8
USNA 29.73 -672 31.24 2008-11-25 2008-11-26 1014.72 1
KB 28.6 -699 30.14 2008-10-17 2009-01-05 1076.46 80
VE 21.16 -945 22.23 2009-01-20 2009-01-23 1011.15 3
HTSI 22.85 -875 24.02 2009-01-30 2009-01-30 1023.75 0
RATE 27.46 -728 28.99 2009-02-06 2009-02-06 1113.84 0
HBHC 29.28 -683 30.75 2009-01-21 2009-02-06 1004.01 16
ATHN 28.26 -707 29.75 2009-02-27 2009-02-27 1053.43 0
ATHN 26.17 -764 27.5 2009-03-02 2009-03-05 1016.12 3
AVAV 20.03 -998 21.17 2009-03-11 2009-03-12 1137.72 1
C_PRICL 22 -909 23.3 2009-01-14 2009-03-16 1181.7 61
AVAV 21 -952 22.11 2009-03-13 2009-03-27 1056.72 14
LHCG 22.82 -876 24.36 2009-02-26 2009-04-02 1349.04 35
DPTR 40.4 -495 43.8 2009-02-13 2009-04-16 1683 62
ESL 24.85 -804 26.13 2009-03-02 2009-04-17 1029.12 46
DPTR 26.6 -751 28.2 2009-04-21 2009-04-21 1201.6 0
C_PRICL 27.5 -727 29.08 2009-04-21 2009-04-21 1148.66 0
TDY 30.95 -646 32.53 2009-01-22 2009-04-22 1020.68 90
BBBB 28.47 -702 29.94 2009-05-07 2009-05-08 1031.94 1
IQNT 24.37 -820 25.65 2009-06-12 2009-06-12 1049.6 0
C_PRICL 21.5 -930 22.93 2009-07-22 2009-07-22 1329.9 0
C_PRICL 21.2 -100 30.15 2009-09-01 2009-09-01 895 0
DPTR 25.8 -775 28.3 2009-09-21 2009-09-21 1937.5 0
CETV 26.56 -753 27.92 2009-10-15 2009-10-16 1024.08 1
TRLG 20.49 -976 21.52 2009-11-05 2009-11-09 1005.28 4
IPHS 21.58 -926 22.69 2008-11-05 2009-11-10 1027.86 370
CTIC 20.7 -966 22.2 2010-02-08 2010-02-08 1449 0
CTIC 22.86 -874 24.12 2010-02-09 2010-03-04 1101.24 23
CTIC 20.1 -995 21.3 2010-03-24 2010-03-24 1194 0
CTIC 20.49 -976 21.6 2010-03-25 2010-03-25 1083.36 0
URTY 22.385 -893 23.853 2010-05-21 2010-05-21 1310.924 0
JDAS 22.35 -894 23.54 2010-06-17 2010-06-17 1063.86 0
DBD 25 -800 28.35 2010-07-29 2010-07-29 2680 0
FIRE 21.835 -915 23.2 2010-10-28 2010-10-28 1248.975 0
FIRE 23 -869 24.29 2010-10-28 2010-10-28 1121.01 0
KB 35.85 -557 44.77 2010-10-29 2010-10-29 4968.44 0
FIRE 23.68 -844 25.34 2010-10-29 2010-11-01 1401.04 3
AWI 39.87 -501 41.87 2010-12-13 2010-12-17 1002 4
NOG 24.48 -816 25.765 2011-03-24 2011-03-24 1048.56 0
EBIX 22.5 -888 23.63 2011-03-25 2011-03-25 1003.44 0
EBIX 21.69 -922 22.78 2011-03-29 2011-03-30 1004.98 1
PRXL 21.91 -912 23.01 2011-05-03 2011-05-03 1003.2 0
DBD 25 -800 28.35 2010-07-29 2010-07-29 2680 0
FIRE 21.835 -915 23.2 2010-10-28 2010-10-28 1248.975 0
FIRE 23 -869 24.29 2010-10-28 2010-10-28 1121.01 0
KB 35.85 -557 44.77 2010-10-29 2010-10-29 4968.44 0
FIRE 23.68 -844 25.34 2010-10-29 2010-11-01 1401.04 3
AWI 39.87 -501 41.87 2010-12-13 2010-12-17 1002 4
NOG 24.48 -816 25.765 2011-03-24 2011-03-24 1048.56 0
EBIX 22.5 -888 23.63 2011-03-25 2011-03-25 1003.44 0
EBIX 21.69 -922 22.78 2011-03-29 2011-03-30 1004.98 1
PRXL 21.91 -912 23.01 2011-05-03 2011-05-03 1003.2 0
RLD 20.59 -971 22.0724 2011-06-10 2011-06-13 1439.4104 3
URTY 25.5 -784 26.835 2011-08-08 2011-08-08 1046.64 0
URTY 26.92 -742 28.27 2011-08-08 2011-08-31 1001.7 23
URTY 20.44 -978 21.463 2011-09-06 2011-09-06 1000.494 0
SIVR 28.26 -707 29.68 2011-09-26 2011-09-26 1003.94 0
SSYS 28.11 -711 30.42 2011-07-28 2011-10-27 1642.41 91
EPV 41.69 -479 43.78 2011-10-27 2011-10-31 1001.11 4
FIO 31.02 -644 32.6899 2011-11-23 2011-11-29 1075.4156 6
EPV 47.07 -424 49.44 2011-11-30 2011-12-13 1004.88 13
JDAS 25.32 -789 26.59 2012-02-01 2012-02-03 1002.03 2
CTCT 23.74 -842 24.96 2012-04-27 2012-04-27 1027.24 0
SLAB 34 -588 35.75 2012-04-26 2012-04-30 1029 4
SCHN 26.83 -745 28.22 2012-05-21 2012-05-22 1035.55 1
MFRM 25.57 -782 27.1 2012-07-17 2012-07-19 1196.46 2
LPLA 27.77 -720 29.19 2012-07-31 2012-08-14 1022.4 14
STRA 44.66 -447 47.08 2012-11-12 2012-11-13 1081.74 1
MFRM 23.82 -839 25.09 2012-12-05 2013-01-02 1065.53 28
UNXL 23.87 -837 25.28 2013-04-02 2013-04-03 1180.17 1
UNXL 27.88 -717 29.78 2013-05-20 2013-05-20 1362.3 0
LQDT 27.965 -715 29.37 2013-07-16 2013-07-16 1004.575 0
VIPS 39.6 -505 41.615 2013-08-15 2013-08-15 1017.575 0
WTW 31.76 -629 33.36 2013-11-01 2013-11-01 1006.4 0
STRA 37.85 -528 39.77 2013-11-01 2013-11-13 1013.76 12
MFRM 34.86 -573 36.62 2013-09-06 2013-11-15 1008.48 70
OLED 31.89 -627 33.65 2013-11-22 2013-11-22 1103.52 0
LQDT 23.215 -861 24.4897 2013-11-21 2013-12-04 1097.5167 13
FI 25.95 -770 27.26 2013-11-13 2013-12-06 1008.7 23
URTY 25.5 -784 26.835 2011-08-08 2011-08-08 1046.64 0
URTY 26.92 -742 28.27 2011-08-08 2011-08-31 1001.7 23
URTY 20.44 -978 21.463 2011-09-06 2011-09-06 1000.494 0
SIVR 28.26 -707 29.68 2011-09-26 2011-09-26 1003.94 0
SSYS 28.11 -711 30.42 2011-07-28 2011-10-27 1642.41 91
EPV 41.69 -479 43.78 2011-10-27 2011-10-31 1001.11 4
FIO 31.02 -644 32.6899 2011-11-23 2011-11-29 1075.4156 6
EPV 47.07 -424 49.44 2011-11-30 2011-12-13 1004.88 13
JDAS 25.32 -789 26.59 2012-02-01 2012-02-03 1002.03 2
CTCT 23.74 -842 24.96 2012-04-27 2012-04-27 1027.24 0
SLAB 34 -588 35.75 2012-04-26 2012-04-30 1029 4
SCHN 26.83 -745 28.22 2012-05-21 2012-05-22 1035.55 1
MFRM 25.57 -782 27.1 2012-07-17 2012-07-19 1196.46 2
LPLA 27.77 -720 29.19 2012-07-31 2012-08-14 1022.4 14
STRA 44.66 -447 47.08 2012-11-12 2012-11-13 1081.74 1
MFRM 23.82 -839 25.09 2012-12-05 2013-01-02 1065.53 28
UNXL 23.87 -837 25.28 2013-04-02 2013-04-03 1180.17 1
UNXL 27.88 -717 29.78 2013-05-20 2013-05-20 1362.3 0
LQDT 27.965 -715 29.37 2013-07-16 2013-07-16 1004.575 0
VIPS 39.6 -505 41.615 2013-08-15 2013-08-15 1017.575 0
WTW 31.76 -629 33.36 2013-11-01 2013-11-01 1006.4 0
STRA 37.85 -528 39.77 2013-11-01 2013-11-13 1013.76 12
MFRM 34.86 -573 36.62 2013-09-06 2013-11-15 1008.48 70
OLED 31.89 -627 33.65 2013-11-22 2013-11-22 1103.52 0
LQDT 23.215 -861 24.4897 2013-11-21 2013-12-04 1097.5167 13
FI 25.95 -770 27.26 2013-11-13 2013-12-06 1008.7 23
URTY 25.5 -784 26.835 2011-08-08 2011-08-08 1046.64 0
URTY 26.92 -742 28.27 2011-08-08 2011-08-31 1001.7 23
URTY 20.44 -978 21.463 2011-09-06 2011-09-06 1000.494 0
SIVR 28.26 -707 29.68 2011-09-26 2011-09-26 1003.94 0
SSYS 28.11 -711 30.42 2011-07-28 2011-10-27 1642.41 91
EPV 41.69 -479 43.78 2011-10-27 2011-10-31 1001.11 4
FIO 31.02 -644 32.6899 2011-11-23 2011-11-29 1075.4156 6
EPV 47.07 -424 49.44 2011-11-30 2011-12-13 1004.88 13
JDAS 25.32 -789 26.59 2012-02-01 2012-02-03 1002.03 2
CTCT 23.74 -842 24.96 2012-04-27 2012-04-27 1027.24 0
SLAB 34 -588 35.75 2012-04-26 2012-04-30 1029 4
SCHN 26.83 -745 28.22 2012-05-21 2012-05-22 1035.55 1
MFRM 25.57 -782 27.1 2012-07-17 2012-07-19 1196.46 2
LPLA 27.77 -720 29.19 2012-07-31 2012-08-14 1022.4 14
STRA 44.66 -447 47.08 2012-11-12 2012-11-13 1081.74 1
MFRM 23.82 -839 25.09 2012-12-05 2013-01-02 1065.53 28
UNXL 23.87 -837 25.28 2013-04-02 2013-04-03 1180.17 1
UNXL 27.88 -717 29.78 2013-05-20 2013-05-20 1362.3 0
LQDT 27.965 -715 29.37 2013-07-16 2013-07-16 1004.575 0
VIPS 39.6 -505 41.615 2013-08-15 2013-08-15 1017.575 0
WTW 31.76 -629 33.36 2013-11-01 2013-11-01 1006.4 0
STRA 37.85 -528 39.77 2013-11-01 2013-11-13 1013.76 12
MFRM 34.86 -573 36.62 2013-09-06 2013-11-15 1008.48 70
OLED 31.89 -627 33.65 2013-11-22 2013-11-22 1103.52 0
LQDT 23.215 -861 24.4897 2013-11-21 2013-12-04 1097.5167 13
FI 25.95 -770 27.26 2013-11-13 2013-12-06 1008.7 23
URTY 25.5 -784 26.835 2011-08-08 2011-08-08 1046.64 0
URTY 26.92 -742 28.27 2011-08-08 2011-08-31 1001.7 23
URTY 20.44 -978 21.463 2011-09-06 2011-09-06 1000.494 0
SIVR 28.26 -707 29.68 2011-09-26 2011-09-26 1003.94 0
SSYS 28.11 -711 30.42 2011-07-28 2011-10-27 1642.41 91
EPV 41.69 -479 43.78 2011-10-27 2011-10-31 1001.11 4
FIO 31.02 -644 32.6899 2011-11-23 2011-11-29 1075.4156 6
EPV 47.07 -424 49.44 2011-11-30 2011-12-13 1004.88 13
JDAS 25.32 -789 26.59 2012-02-01 2012-02-03 1002.03 2
CTCT 23.74 -842 24.96 2012-04-27 2012-04-27 1027.24 0
SLAB 34 -588 35.75 2012-04-26 2012-04-30 1029 4
SCHN 26.83 -745 28.22 2012-05-21 2012-05-22 1035.55 1
MFRM 25.57 -782 27.1 2012-07-17 2012-07-19 1196.46 2
LPLA 27.77 -720 29.19 2012-07-31 2012-08-14 1022.4 14
STRA 44.66 -447 47.08 2012-11-12 2012-11-13 1081.74 1
MFRM 23.82 -839 25.09 2012-12-05 2013-01-02 1065.53 28
UNXL 23.87 -837 25.28 2013-04-02 2013-04-03 1180.17 1
UNXL 27.88 -717 29.78 2013-05-20 2013-05-20 1362.3 0
LQDT 27.965 -715 29.37 2013-07-16 2013-07-16 1004.575 0
VIPS 39.6 -505 41.615 2013-08-15 2013-08-15 1017.575 0
WTW 31.76 -629 33.36 2013-11-01 2013-11-01 1006.4 0
STRA 37.85 -528 39.77 2013-11-01 2013-11-13 1013.76 12
MFRM 34.86 -573 36.62 2013-09-06 2013-11-15 1008.48 70
OLED 31.89 -627 33.65 2013-11-22 2013-11-22 1103.52 0
LQDT 23.215 -861 24.4897 2013-11-21 2013-12-04 1097.5167 13
FI 25.95 -770 27.26 2013-11-13 2013-12-06 1008.7 23
So he is up more than 100% over the year and is reporting 20 for 20 in trades. That seems worthy of being called an "expert".
Can you show me the website?
I can't speak on that since I don't know the future. But, I expect these stocks for the most part to go back to pre launch pad levels.
Heres my problem with MCIG - The company earned 12k in the quarter...
Let's say the earn 100k in the year. At the current stock quantity that means it share value is 0.0003. So you are currently paying a premium of 1000x revenue for a company that is in the red.
And from their last filing,
"The authorized capital of the Company is 1,000,000,000 common shares with a par value of $0.0001 per share.
On July 13, 2011, the Company authorized the issuance of 250,000,000 shares of common stock at $0.0001 per share to Benjamin Chung, the former CEO. The Company relied on Section 4(2) of the Securities Act for this issuance.
"
So that is a lot more shares to dilute.
Facts:
PHOT is voting to dilute 02/07.
FITX has not done anything with the "12 million" they supposedly received in November, including applying for permits.
On 01/07 Bill claimed they would be ready in "7 months" but they don't even have permits.
PHOT lost a million last quarter. A company with 16 employees lost 1.8 million dollars in 3 months. That means for every employee PHOT last over 30k a month.
They are both attending a conference that for weeks has said there was little in the public sector worth funding.
Now if the stock ticker was one that you did not own. What you make of that?
I like the cut of your jib Rich.
You want me to look at the "potential" earnings?
I just spoke with a small grower yesterday that has a working Tilapia Hydroponic setup and is growing a Cannabis Analog in preparation for when Marijuana is made legal. I got the full run down on their new LED lighting system and number of fish. And, this is a self-funded operation looking to expand.
TRTC has a lot of competition in the private sector and there are two publicly traded companies that do the EXACT same thing as TRTC. Just search all the S-1's for horticulture. Both, make a good profit already and don't need financing for growth.
Beyond them… ever heard of GreenLeaf? Or Green House? Ever googles sub-terraining aquaponics in Arizona? Do you even know how many greenhouses / growers there are in NJ, Arizona or any state? Any one of them can grow weed.
The PRIVATE SECTOR will compete against TRTC. So my best hopeful estimate would be 4 million further revenue in 2014. That is it.
I have only posted DD on FITX, MNTR and PHOT never on TRTC (until just now) so I am not sure where you think I was trying to get you to sell.
I have stated many times things like "I am not knocking TRTC" and "I am long TRTC" the only information I have posted against TRTC is against Hanover Holdings. And, you should really consider my points objectively.
I posted information when TRTC got deleted from the BB. Which was just to let the board know - and when I realized no one apparently has any idea what that meant I explained.
So, now… congrats on your gains! I'd rather you make money than an MM.
Mofron: You asked me a couple of questions but I can't respond privately.
I started working on stochastic and time series modeling in 98. I have been trader and analyst since 2000. If you really want to understand you need to work for a fund or broker or spent a lot of time watching. Most preconceptions one has that are applicable to stocks like google are completely incompatible with penny stocks. The best thing I tell you, is assume the stock is completely controlled then attempt to disprove that objectively. Eventually, you will figure out how it is controlled and then you can consistently profit. And, by consistent I mean 90+% of the time.
The monthly share volume question can not be answered directly In theory, if you monitor the trade activity every day and record it you have no way of getting that information. I am not sure whether or not you would learn anything by it. If I get time I can code this and let it run for a few months.
I am making an inference as to what you really want to know here. For pennies during fast moving markets the total float can be turned over in a matter of a few days. Knowing the apparent or actual tradable shares is impossible. For example, a trader I know owned 2 % of one of the pot sector stocks prior to January 1st. As long as he did not sell the stock carried a slight premium because he had held . But, you have no way of knowing this.
Why? Never lament unrealized gains. Lament loses. Any day you sell up is a good day. Plus, you have no idea what some one trades made subsequent to 01/03
So Rare Earth elements is a multi-billion dollar industry. The demand is much higher than Cannabis. Every phone and electronic device needs rare earths.
Solar and wind are a much larger market than Cannabis as well. There are stocks in this space worth 100$ per share.
Gold is also a much larger market space. Gold (besides being pretty) is in every electronic device and mining gold is a very, very big business.
Just not in pennies... in the private sector and the large conglomerates.
And, historically pennies stocks disappear... they don't move up the boards.
Try to not confuse Marijuana market with a penny stock. Eventually, Altria / Phillip Morris will be involved... but until then private sector. Arc's CEO stated that numerous times. They are investing in the private sector.
I posted on 1/16 a sticky post that should have warned everyone that Bill was not someone to follow into anything...
Yes it is.
Here is why. Cultivation is in private hands not public hands. The stocks in this sector add no value. And are just capitalizing on the hype. This is no different than any of the other penny plays.
If you are investing in greenhouse then you will win. No different than if you invested in a company buying oil shale land in North Dakota...
But, to invest in a shell company that has no experience in horticulture, doen't own any land or tangible assets, has no revenue and can't even present at an investment conference... is no different than all the non-defunct penny stocks trying to get funding to build a mine in Arizona.
Answers:
Guys, sorry this is off topic. I can't reply privately and, to be honest, I am not hip enough to understand what your questions / statements / thoughts mean. So even if I wanted to post an answer publicly I can't because the last 8 or so questions I have gotten I don't understand.
If you want me to answer something please ask like I am your grandfather. Someone who still speaks in complete sentences and doesn't get any references past 1970 and is probably Autistic.. so sarcasm, etc. I will probably miss. I am a mathematician if that helps.
Well... so far this year AMBS, SVFC, the entire pot sector. I could go on. Do you believe all of these stocks are golden? Considering historically ~ 1 out of 10k penny stocks make it out of penny status. These 30+ companies seems unlikely to succeed. FITX just got "consolidated" twice because it is a hype machine... considering 90+% of the trades in FITX Thursday lost that is not "consolidation" into the hands of most retail investors.
Pot is just what "rare earth" where last year, what "gold mining" was two years ago, what "wind and solar" was three years ago, what "shale oil" was before that.
You seem cool. That is not what I meant though... I will explain next week if no one else picks it up.
MMs did this. They see Bill sounding off and they milked it.
Sorry, I am not good with sarcasm.
NITE represents brokers like Scottrade. It is a wholesaler. It isn't the Ax. You are confusing roles in the MMID.
Answer to your question:
A warning you are not going to like this.
Say there are 100 shares in the float and you own 40. Of that 40, 10 you flip on a daily basis so the total available shares is 60.
Now, let's say one day you decide to sell 30 shares. That is an increase of the total number of shares available from 60 to 80. That will drop the stock 30% just on supply increase. Now let's say you also short 10 shares (which you can safely do because you still have 10 in the bank). Now there is an apparent 90 shares which is a 50% increase. Through in that at -10% most stop losses trigger and you have your 50 - 60 % 10 minute drop.
Now, you may ask why a stock would fall like this? Wouldn't there be an increased demand? The answer is not if the stock as no inherent value. I.e. as long as no large investors are accruing and holding there is no risk of losing.
Since, you (who are MM in this situation) know when this is going to happen you can put in buy orders early in the day and guarantee you will return your 30 shares and cover the 10 short.
FITX currently @ 3.5billion shares has a book value of -0.4 cents. I.e. it is worthless. It only has value because (a) the hype and (b) the MM's completely control the number of shares on the market.
Now, you stated it "came out of nowhere". No it didn't. It started before noon. The MMs restricted the ability to sell and slowly moved the stock up. This is easy if you have most of the shares... look at the graph for FIT. You will see an hour and a half of nice flat slight upward trend. That was the setup...
If you go check my posts from Monday of this week you will see I was talking about a collapse coming on W/T...
Here you can see the volume of shares held by just 4 MM's.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0
A lot of people talk about shorts... but those people don't know anything about the penny market. These markets are all about liquidity.
Well, they are a Canadian company so they don't have to be cGMP compliant.
And here is the complete list...
http://info.nsf.org/Certified/GMP/Listings.asp?Program=
you might want to look at it.
3241 old winter garden road suite 27 orlando fl 32805
Did you see my other posts... you asked before what I believe in.
I posted the address for all offices two weeks ago. If you go through my posts you will find it.
So FITX is going to buy 1000 of Phots 800 grow tubes? Or is FITX going to start selling PHOT products on their website? BTW I had an employee go check out the "Orlando" (Technically it is Winter Garden) offices last week and email me pictures. He talked to the Janitor... maybe some of you should go look at their "offices"
What I find ironic is while this company is taking everyone's money and redistributing it there are other companies in Canada slowly marching towards having licenses.
Hmm... go figure.
"permits to build to grow" oops. Typed to fast.
I believe there is one publicly traded company that has already had a site inspection in Canada. Unlike FITX, which doesn't even have the proper permits to grow.
PHOT is not transparent. They claim 250k units sold.. you might want to do some quick math on that.
Well I bought both very, very cheap but I sold all the other one up almost 1000% as it has no future unless it gets really lucky. And I don't really like to play "luck".
You have missed 6.
Here is one.
http://finance.yahoo.com/news/water-technologies-inc-announces-first-140000735.html
To find the others search the recent SEC filings for cannabis, marijuana, or marihuana.
Are you saying that is a good thing?
ENRT vs. FITX???
I don't understand why people are buying FITX, when ENRT already has money to start building. Has a better share structure, has leadership on options, and is doesn't have serious MM interference.
It makes no sense.
People won't believe. No matter how true your statement is.
You are evangelize a stock that has under performed every other stock in this sector. So you stop. Plus, medical marijuana will be pointless when marijuana is legal.
What happened is called a liquidity trap. The MMs restricted the ability to sell. Walked the stock price up then over loaded the market by shorting and selling simultaneously. Since FITX is Pink all ask/bids are controlled by the MMs and not by a third party so probably 90% of the trades today were at a loss.
I said this would happen on either Wednesday or Thursday of this week.
And yet most will get suckered in again... hopefully the people on this board were smart enough to sell @ 12:45pm.