I owe you a beer.....

Come to Canada, our beer is better

We seem to have similar opinions.....

My view is the "long and strong investors" are the fulcrum around which industry players alternately pump and dump and then short and distort...especially when its companies that have brutal bottom line performance but a good story.

There's a lot of manipulation out there......

Think about all the money spent on CNBC, BNN (Canada's version) The Street, Bloomberg....then there's analysts, writers, countless newsletter services and ipod broadcasters as well as radio networks....

My guess, its a billion+ dollar industry on a yearly basis.

Now consider there are somewhere around 15,000 to 20,000 public companies trading between the NYSE, Naz, AMEX and OTC exchanges/markets. And once you get past the NYSE you're looking at thousands of companies that rely on their shares for survival....so they're constantly looking to attract attention, paying cheeseball promoters to interview them, getting pumped by email blasting chop shops, being profiled by countless newsletter writers with dubious names.

I'm not surprised there are so many forums...and I try and watch as many of them as I can because I've always got my ear to the ground for a pump.

Some discussion at Agora and here....

I keep an ear to the ground....typically stockhouse is ground zero for chatter on Canadian stocks, but that forum is pretty dead. A lot, and I would say most, of the Stockhouse posters moved over to Agoracom to get away from all the mindless bashing that was happening in late 2014 and early 2015 when RVX.TO was trading for 50 cents and thereabouts.

There's also a forum at investorvillage, but its pretty quiet with the last message there from Oct. 31st. I got banned on that site for posting some bearish opinion on Ziopharm (ZIOP) when it was $13+ and supposedly heading for $20....

Twitter is basically dead. My own miserable and pathetic little blog might account for some interest, but I think its like a whisper in a hurricane.

Likewise yahoo is basically zippo....one guy besides myself.

I've seen a lot of this.....

Companies with an absolutely brutal history when it comes to bottom line performance, but a great story. It happens all the time with OTC penny stocks, but sometimes with Nasdaq plays too.....just don't get caught holding when the music stops and the players move onto another one.

I doubt they'd acquire Reserlogix...

But a licensing and/or partnership deal certainly seems viable to me...in terms of M&A, Novo does have a healthy balance sheet, at the end of 2015 almost $17 Billion USD and almost $21 Billion in both cash and short term investments....so I guess it would be possible from that viewpoint, but I just don't see Novo acquiring RVX.

Agoracom.com is the most active RVX forum....

A poster commonly referred to as BDZ posted a link to a tweet put out by Resverlogix's corporate twitter account.

Diabetes is an increasing global epidemic and a known risk factor of CVD #ChangingDiabetes #SaveLives https://t.co/mEmLLpXryL

— Resverlogix Corp. (@Resverlogix_RVX) November 7, 2016

No I didn't cover off.....

I was posting about the news being out before the bell....I'm thinking this is the players working the PPS up ahead of bad news.

If it goes to a new and higher trading range....

Yes....good luck.

That is right...they haven't

And unless the PPS starts moving higher, they won't.....only if the 50 moves over the 200 then we can discuss the potential for a breakout, until or unless that happens the point is entirely moot.

Granted a GC is when any faster MA crosses over a slow one....

For me the 50/200 is the most golden because those two MAs are the most widely followed....go to sites like stockcharts.com and the 50 and 200 are automatically populated into the chart.

Anyway we shall see what Monday brings....and if a "50/200" GC comes to pass or not, and then if it does if it serves as a harbinger of a blue sky breakout or not.....place your bets, long or short both are legitimate plays obviously...and whether its longs or shorts who end up wrong...just suck it up buttercups.

starting a new business has challenges....

Need to coordinate the supply chain with production to ensure minimal wastage, but there will always be write offs regardless...

That's good to hear....

Obviously its a legitimate company with legitimate products...some might not think there's a market for their Hemp Infused beverages and things like the brownies....and that's fair enough.

Some need to relax, this isn't a morality play

I can see that meeting generating buy side interest.....

We shall see come Monday....its a fundamental reality, if people are excited about the company's prospects and brand development that Golden Cross might still come to pass and then maybe a clear sky breakout after.

Time will tell....good luck to those who've placed their bets. My money is on the long side, it seems some have bet the other way. We'll see who was right after the weekend.

My guess...same as always

Not good this time, but wait til next qtr....then another excuse, but wait for next qtr, rinse and repeat until the next reverse split imo.

You didn't see today's PR?

Out before the bell....mind you Vuzix seems to put a PR out every other day.

I was out today......

But I added yesterday at $1.82.....this stock warms my contrarian heart. Looking forward to finally finding out what happened that was so significant that it warranted cancelling the AGM....and given the climb off $1.20 I'm thinking its gotta be something positive.

Its the Let's Make a Deal analogy....the stock climbs from $1.20 with buyers pushing it all the way to $2.50....that attracts attention, so the price is walked down....like the market saying,

"Oh...so $2.40 wasn't enough to get you to sell....then how about $2.25? No still? Alright, then how about $2? I can go lower".

Just rambling thoughts and opinion only...

Thanks for sharing it noretreat....

This forum is so quiet that it slipped my mind....cheers.

That's right....

If the 50 DMA crosses over the 200, especially if both are moving up...then TA afficiandos (of which I am one) will tell you that it can serve as an indication of pending blue sky breakout.....but as I posted, the Cross is not a slam dunk.....We'll see if something happens Saturday that will bring in enough buyers to get the stock back in an uptrend....if that happens then the GC might still come to pass.

Good luck

Respect....

NJM...even though we disagree about the long term value, or lack thereof, here....I appreciate your fair mindedness and candor. A refreshing break from the normal bravado of pumping and bashing.

I am giving it til monday.....

If it doesn't get back to 6 or 7 cents by then I will tip my cap to those who had a bearish opinion.

I will grant that......

Penny stocks are for cowboys....penny players like you and I are plentiful however.

Ever wonder why

All the major brokerages and hedge funds employ so called "technicians". I don't think the chart should be looked at in a vacuum, but in my opinion it shouldn't be completely ignored either.

Good luck

nice pic

When was the brownie purchased? How does it taste?

Obviously this company is not a scam......

It may or may not be a good investment, but a scam is something dishonest and nobody has posted anything that shows RMHB doing anything that is dishonest or illegal.

Anyone can scream stupid stuff, it doesn't make it true. Some people seriously think Michelle Obama is a man....whatever.

LoL....

Someone should tell the stores selling their products that they're part of a scam....good one.

charts don't always work out....

Nothing is 100%, not TA and not fundamentals.....the market is more about psychology than anything else. If fundamentals ruled then the dotcom bubble never would have happened, but people will buy what they want to buy and sell what they want to sell.

The golden cross is far from being a slam dunk in any event....it might not happen.

Here are my thoughts right now....

I think if Clinton wins, and I expect that to happen....that the markets will explode higher and RMHB will be going along for the ride.

Timing.....its called timing

I bought in oct 10th at .031......who cares what it was 12 months ago or 2 years ago.

When it was 3 genius were predicting sub penny...

Instead it ran over 6

Still well off the .03 cent base.....

That was where the PPS was before the uplist to the QB.....some said that was too high and that the PPS would fall from there....but they were wrong.

Bulls are winning today....

Nobody wins each and every trading day, not bears or bulls....but since the uplisting bulls have the advantage obviously.

So how many shares ya gonna pick up? eom

I blogged about it at ATB on Oct 11th

http://www.avoidthebag.com/2016/10/hemp-infused-beverages-intriguing-idea.html

Its risk capital, meaning money that I can afford to lose....obviously though nobody likes to lose, even when gambling. Timing with penny stocks can be everything. I think there's potential here for volumes to hit 50 million+ at least for a few days if RMHB catches fire....Hemp/MJ/Cannabis is a hot sector.

I only bought in recently at .031.....


That was before I showed up.....so at least you acknowledge they have a real product. The only questions now are if they're able to execute and how they'll raise the $$$ needed.

Good luck, I think they have a shot....but obviously its a risk.

Have you ordered a case yet?

Or do you think those are virtual cans of RMH?

You're probably right, I like being conservative though....

They have a chance to generate excitement with the meeting in Dallas...I won't be there of course, being a Canadian and all.

So long as it stays around where it is now or higher then the GC will come to pass....and then we shall see if it serves as a harbinger of better days ahead for longs.

Good luck

If the PPS doesn't recover to .05 next week....

Then I will say the bears were right...

My latest blog posting on VUZI....

http://www.avoidthebag.com/2016/11/vuzix-what-happened-know-risks.html

Feel free to share it if you like, I don't mind

They should have been shorting in September...

That way they would have been selling for $9+ and close to $10 at the absolute highs....So much can happen between now and then, the election could have surprises still no matter who wins. If Trump wins that will be a shocker that rattles the market, but even if Clinton wins as expected then there's the uncertainty of whether Donald and his supporters will accept the results.

I don't have any hard and fixed rules....things are too dynamic.