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My last post of the day...Ok so look at the volume today and over the next few days in VDRM. If the volume is continually light on the consolidation we will be on the road to the next move up in a few days to a few weeks. The longer the better to a degree because we want all weak holders OUT.
Here is an interesting play. I bought a few shares of HEMP about a year ago. I am down about 50% but it is only a few dollars. The company had troubles this past year. But what makes it interesting is that to me it is the backbone of the ENTIRE Hemp industry in terms of processing. If HEMP survives the next run up and makes it to .068 and closes above that point strongly then IMHO the entire industry is off to the races and will be a LEGAL investment that is traded on the exchanges. The reason in my thinking is that HEMP is not a THC plant yet it is illegal due to ignorance of government and since I am mostly a technical trader, I watch the charts of the industry and the stocks individually as well. I do not need to proclaim that the group is exploding. IF the USG truly opens its eyes, by force of the public, to legalize HEMP federally there is no stopping the hemp/mj industry.
I wrote that HEMP is acting badly the other day, it is now looking like it may break out to a new 52 wk high. If this happens I will see you in Bermuda.
Something else that is going to be very interesting over the next few days or weeks. I want to see the volume on down days as the strong holders try to shake the trees and see what weak fruit falls to the ground for easy pickings. I have a sense that the VDRM tree is going to be shaken relentlessly to get more shares for stronger buyers. This is not to say the price will CLOSE at deep retracing lows but intra day we may see what looks scary to some and they will ditch. This next consolidation is going to be interesting...if it occurs in earnest.
Very cool and ty for responding to all three of you. BUT as for your response Kid, as a technical trader, I never look at the % of gain and use that as an indicator. If you do you can possibly miss out on big moves IMHO. I know it takes balls to buy into a stock at a new 52 wk high AFTER it grew 1000% in recent months. But there is a reason it is at a new high. And when it comes to penny stocks the reliability of just about ANY technical analysis is out the window anyway. So this is a gamble except that the forward looking fundamental analysis comes into play in the case of MJ stocks because there is a global dramatic increase in the usage of the product in all respects.
IMO this is a unique play.
On the point and figure chart, if we return past .19 the next stop is almost 5.00. Mind you, a POINT and FIGURE chart has no indication of "time". It could take years. But, since we are already in a positive P&F chart I can wait. I never express emotion in investing so I refrain from expressing how I feel about this one. Just the fact that the float is being bought and held is something unreal. And there is proof of this if you have been watching the float. About 820,000 buys the float. I am sure there are many weak holders as there always are. But lets say another 51 million are in weak hands ready to sell. Now its 1.64 million to buy the company's float. Hell if you think about it, the company can do 1.6 million in 2017. My bet is they do much more.
I am positive on this one. I will be buying during this pull back. Very very nice. CBIS is also acting like this as is MassRoots. Unreal! Something is happening in this industry. I just wish it were a legal industry in that the shares were permitted on a real exchange. If we get to that point, then over the year or years you can expect this company to trade at ten plus time earnings. That would be unreal. If the news on this industry continues to be positive we will see a real exchange.
I was buying up shipping container companies because that industry is also set for a major rebound. I sold out of all of them at a loss and put all my money in this industry from HEMP to CBIS to MSRT and VDRM. ALL of the companies are acting like a big boy except hemp but I think if we get to a new high there we will be off to the races.
Best of luck to all.
BEWARE BEWARE...sellers beware. I understand that technical trading in pennies is largely unreliable except there is one technique that is about 85% reliable. That is, once we have a run up like VDRM you will consolidate. This is known by all. But the consolidation most likely will end when the slow stochastic is down at 10. While it appears as though we have a way to go in this consolidation, the price may not deteriorate as one would normally expect mostly because the float has largely disappeared and the Price to forward Sales is so unpredictably high.
I am buying through this entire consolidation because in an instant the price can make a new high with no warning. Anyone selling in this next phase will be sorry IMHO.
Just a technical view. Peace
copy and paste form Scottrade OWCP
A table providing the fundamentals of the stock
EPS (TTM) 9/30/2016 | (0.01)
P/E Ratio 9/30/2016 | --
Market Cap Micro Cap | 72M
Shares Outstanding 135.31M
Float 124.7M
Copy and paste from Scottrade as of Friday.
Fundamentals
A table providing the fundamentals of the stock
EPS (TTM) 6/30/2012 | 16.84
P/E Ratio 6/30/2012 | 0.0
Market Cap Micro Cap | 1.6M
Shares Outstanding 200.32M
Float 198.3M
I am a newby OTC buyer. According to Scottrade, there are about 200m in the float. What do you mean by party is over? I actually do not even know what a pumper is. But if you could explain what you mean by over I would appreciate it. Good or bad. Thanks!
This is where I would be buying. I know it takes balls but it if the 2k is gamble money this is as good as it gets in my humble opinion. Wish I had dry powder. Lol I couldnt help myself the other day, now I am going to refrain.
Trend is down. It will go below .01
Funny how someone might take something that I said and put a spin on it. I did not infer no matter how you read my post that a R/S is immanent. Rather at some point. So in this case I completely disagree in that BOX must have a R/S at some point in order to be worthy of trading on a major exchange. There is no other way unless the buyer rush in to the tune of millions and millions of shares, which would be wonderful. As for the "derogatory naming". I use the word queer in many ways when describing myself. It simply means that others do not have the same perspective as I do of which I am a little on the proud side. Investing IMO is unique to the investor. It is not this investors responsibility to explain my actions to another. If I did, then the "others" would be much more intelligent and I would not have so much the advantage.
Please explain your astonishment to my question. Thanks
What size RS do you expect?
Ok i understand. I thank you. I will continue to do as i know and that is watch the trend. Peace
Good information. Do you know what a good "unemployed" % would be? 3?4?
I will hold until it breathes its last breath. I knew going in it was a crap shoot
Thank you VA for the encouragement but I am no better than anyone else. Especially those who believe. Mark 16:14...no one believed. As far as I am concerned, as was with the eleven left, if I cannot see it and stick my finger through it I am in disbelief. Just keeping it real.
If the resurrection is real then the gospel of the CSRV will be preached to all the world and I will become an apostle again. It was the option of them then and it is the option of me now to be in belief, then disbelief then belief again. I did get four decent size buyers to join me in buying over the past year.
This does not mean that I do not appreciate all that is said on this board. Even from spunky...
I believe that the product will be a boon to mankind but the odds against it at this time and maybe for the next five to ten years are all but insurmountable. My best to all and I hope we meet again on this earth.
Of course I cannot help but see the email if I get one so only then will I be checking in. Peace
I hold 900k shares. I wish it were true that this company is legit. I have lost faith. I obviously will hold until it dies. It was a crap shoot from the beginning and I understood that.
Where is the 1mil? I appreciate that GC is a great inventor but being an inventor and a being driven and being enthusiastic does not get you profits and legitimacy. I am going to stop checking in on this company. I am starting a "dead pile" in my trading account and this is going to be the first I throw in...making it the bottom if and when I have more like it. See ya
Thank you for your encouragement. I hope your basket and reputation remain in tact with this one. You are kind to allow us to see much of the mechanics of the inside the shipping business. I knew it is dicey and challenging. The daily stock moves and the "large" bids mean nothing IMO. What means something is a trend. And right now the the trend is neutral to down IMO. BUT the fact that I can say I think we are neutral is huge for a penny stock IMO.
I truly look forward to responses that you receive from the Management. I hope you feel generous enough to share when you hear back. Thanks!!
Any proof?
Good information as usual. I was referring to the industry itself in that at a bottom of a cycle there is usually M&A. I admit that when I bought in BOX had two ships left. I did think of M&A as a potential. But now of course with no inventory there may be nothing to merge or acquire. You know more than me. But I think we are on the same page as to the potential of this stock going up. We both have stated that our assessment could be all wrong. In that statement you have gained my respect as I have told you in private. Not sure you got the message it was a long time ago.
The upshot is we have a company that is technically in an interesting spot according to me and a company which is in a fundamentally interesting spot according to you. My bet is that playing this stock has a slightly better chance than the black jack table. At least I want to believe that!
Hey! This is exactly what happens in a washed out sector. M&A is a bottom signal. I bought in to this stock for one reason and that is the technical washout in the entire industry and then because I am willing to wait for a rebound (I tell since others are writing why they are in BOX). It was my opinion, after looking at many charts that this one had a little more going for it than the rest in terms of looking like a bottom and also price point as I am not a penny stock guy but I could load into this one on the cheap. I would be greatly satisfied at .20 or .30. BRING IT! But yes M&A is a major turning point signal. I hope you do not mind me taking a little glory as I wrote about this a month or two ago here on the board. Lol cant resist. Thanks to all for all the fundamental analysis. I have learned a teu!
Isn't there a million dollars supposed to be trading hands here? Ughhh
Lucky, this stock can go either way. The entire shipping industry is in a slump. There are some signs of renewed enthusiasm in the industry itself but IMHO there is nothing concrete. This company is just like many others. They are trying to make it through a terrible shipping economy that is akin to deflation in the industry. This problem is not easy to get out of. Selling begets selling. I am not a fundamental guy. Only technical. If I were you I would listen to a couple different people about this company who know a lot more than a small common share holder. I am not slamming anyone but hype is when you say " I am buying and I will tell you why after I buy". Truth is found in real and deeply thought out fundamental and technical analysis. And even after reading truthful posts, buyer beware. You can find both on this site.
Very nice chart. What is your experience with penny stocks in this set up? Specifically, do you find that a greater percent in this set up proceed upward or does a greater percent break down? And I am referring to penny stocks. Thanks!
All this fundamental analysis has been very educational to me . Thanks to everyone. As a technical guy I can state that this industry is in rarely traveled waters...pun intended. I went back about sixty years in this industry and as far as I can tell there was NEVER such a wash out of so many companies been wiped out or brought down en-mass to such a degraded level. This is akin to deflation in the industry. Has anyone looked at the charts of container companies over the past year? STRAIGHT down. No stopping for many. BUT if you go back two or three or FIVE years you also find selling begetting selling begetting selling. In this humble armchair technical analysts opinion, this is a buying opportunity of a LIFETIME, if, and this is a huge if we are smart enough to buy as many common shares as possible of a company that will make it out of this cesspool of degraded cast aside stocks. Are we at the bottom? I think so but I do not know for sure.
I thought I was done buying this company. But I am not. I am willing to turn up the heat. Even the natural gas companies during the Enron debacle did not wash out this low in price. Not that I know that the stocks are worth more than the price because I do not claim to know. Its just that this wash out has been so dramatic. Like almost if not once in a lifetime. I know I repeat myself for impact. I am driving at this point. At the top of the third phase of a multi decade long market bull run there are what is called "blow offs" in abundance. Look it up. Suckers bought into microstrategy and blew it up to 250 per share with no earnings. I shorted at 200 and after two weeks it went to 250 and down to 18. I cleaned up. So the opposite is true with a PANIC sell off. This industry has been hit for years. Going down down down. But in 2016 the sell off accelerated exponentially. That IS a panic sell signal and it continued until a couple weeks ago.
I over opine, i am sorry, I am a bored man sometimes. This industry is a once in a lifetime buy in. This I am pretty sure of. BUT is TEUFF one that will go up with the rest in due time? I am hoping. I am acting as if it is. So I am buying again.
I hope I have not bored you.
Does anyone believe we will get this deposit in the stated period of time? Tic-Toc
Waterchaser and Munhoi, I am very glad we have you both. May I ask you both your opinion on the Chinese yuan? It is crashing. Lets assume that TEUFF is leasing back the Kingfish and the Marlin and they have a great price and they are completely operational and working. The fact that they are both in the China seas means they are working there. Does the fact that the yuan deterioration effect the outlook on PROFITS for any shipping company in the area? I believe that even if BOX had ten ships in the area they would lose greatly because of the currency manipulation or lack there of due to market forces. What is your opinion specifically on this issue and anyone else who may be able to throw in. I appreciate responses.
Guess I will keep my dd to myself. Good day
Of course, I am simply trying to avoid a rush of messages to Secure from sub penny investors who are in disbelief and may embarrass GC. But also, in this case, to put HHiG in his place. I will be glad to write this afternoon AND post the return message in full if we do not see a response before that. Thanks for asking
I think this is my last post allowed today. HHiG will be vindicated if you, Kidmarco, do not post the response from Secure. Just sayin.
Kid, If you post his response here we can avoid what may be embarrassing messages from penny stock investors to Secure. If GC has a bunch of us sending messages because we do not trust GC it may change things. Just my opinion. Will you please post his response. I am not being a dick I just think if we post something we should back it up. I always do. Thanks. Rocky
Good morning kid, would you be willing to post his response? Of course here on investorshub.
I always like reading your posts. Thank you for studying this out. I am not a fundamental investor by any means. As you know I stated in the past that because of the huge number of stock charts doing a nose dive, and other technical indicators pointing arrows to the container shipping industry as an oversold group, I bought in. I sure hope we stay at a penny. Your post states both sides of the fundamental argument. It helps me feel a little better about my timing. I hope you stay around and keep us posted. I responded to you in the past about black jack but the post got deleted. Not sure why. It was pertinent to the discussion and the odds of investing versus cards.
Holding Tight!
I sincerely do not understand your post. There is a deal between Coates and Secure LLC in Mexico. All other discussion is conjecture, correct? I am interested in the specific deal that GC made with Secure.
Good morning Vegas, have you gone on Secure LLC web page? I am ok that it is a wix home made page because it is extremely comprehensive. A couple problems. One, they have not updated any news since 2014. Two the picture that they have with GC is in the Coates plant and not the plant in Mexico. Third, George did the deal with them and the press release seems to be written by George himself and not a third party "witness". I am not sold on this deal. As much as I want to be I am not sold. I guess time will tell and I am hoping for the best.
Have you done any due diligence on this company and do you have any truthful findings good or bad? Or has anyone else reading this done and DD? Please share.
I am a holder and will hold. But....
I have no doubt but add that the busy container shipping season is over. I was informed that season is May through September or so. Posts looking for a rally at this point are not being realistic. The entire CONTAINER shipping industry remains in consolidation mode and a slump. BUT I am in it for the long haul. Holding for a year or even more is not a problem for me. I have held stocks for ten years in the past. I was VERY lucky on CLF when I bought in at 4.00 and within two years it was in the fifties. I sold and then it went to about 129 if I remember correctly.
These OTC stocks are mostly worthless unless you are a major skimmer. I am not that good at trading so I put black jack money into these. Just saying.
I am holding a nice position for a while. Lets see how it goes!
I hate to be a bearer of bad news but normally a prolonged pattern like this fails. I am a long term holder of a substantial position.
Go back sixty years and you will clearly see that there is a cycle and we are at the bottom. The VERY BOTTOM! Now that does not mean we will bounce off and head up by any means. We could easily stay here another five years, but the fact is that we WILL go up. Will Box Ships be one that does go up? No one knows. Simply do your DD and be pragmatic and you make your own decisions. To advise that the Greeks are bad managers is completely absurd, short sighted and really quit uninformed. EVERY SINGLE shipper went down over the past ten years (Container shippers) no matter who owns them.
I will never follow your advice. Your decision making process that you display is not informed at all.
I was buying dips but I spoke to two separate shipping company employees. One, a large company employee claims that their company ships more than five hundred containers per month. He says the prices are going up a little BUT that the season has ended for major shipping. The busy months are June through September for obvious reasons. Also he said that the Hanjin bankruptcy has adversely affected the entire industry and most likely will take a long while to recover.
I WAS buying dips but I have stopped. I believe I have a good position now. But I will be buying again in a few months IF we begin to shift to a positive market in this stock in earnest. I am holding for the long term. I do believe that there is evidence around the world that indicates a possible turn upward in this industry. I would be looking at bulk shippers as well.
Peace!
So where are these stupendous charts please? May I have two to look at? Thanks!