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I took a flyer here....
Risk reward...sure there are risks, but I think the uplisting off the Pinks is gonna give RMHB a boost, and with MJ being so hot it might get some lift from the Hemp angle.
Good luck...not for the faint of heart.
My country is Canada.....
Didn't even watch the debate, sweated out the ALDS and celebrated Donaldson's mad dash home.
Expecting to see lower highs on the rallies and lower lows on the dips here...good luck
Pretty much....
Its just history....lots of people don't like history, science fiction about the future is much more interesting.
Put up a new blog posting....
http://www.avoidthebag.com/2016/10/vuzix-does-history-matter.html
Pretty much just chronicling the history of dilution....if they hadn't done the 1:75 RS then the shares they've issued since Feb of 2013 would equal over 1 billion.
Gotta admit....
I do love English Sheep Dogs.....
A U-Haul??? Seriously? EOM
I'm not really familiar with this Chadran...
How is their putting a buy ranking on VUZI a bad thing for you? Do they have a really crumby track record or something?
I never saw the Chadran report...
And I took out my position in the low 9s....just after the bell on Friday Sept. 2nd as it says on my blog. Not perfect, but so far a good call.
http://www.avoidthebag.com/2016/09/vuzix-time-machine-back-to-tech-bubble.html
Sure....luck
Whatever....gotta be good to be lucky and lucky to be good. Buyers who stormed in and pushed it up near $10....that wasn't bad luck, imo that was a fail.
Well, that's one less concern
Now we just have to find out what caused the delay...I guess we'll know on the 15th when the agenda is put out.
The futility analysis is huge imo
250 MACE could see us in 2018, but the halfway point....no way to know for sure with an event based trial but I'm thinking it should come at some time within the next 12 months. If it passes that test....Katie bar the door time.
Are you using the OTC or TSX?
The TSX close of $2.47 CND is equal to $1.87 USD at current exchange rates....suggesting to me that a gap up on the OTC market might be in the cards tomorrow.
Meh, everyone says I get lucky....
Leju, Ziop, Mobi, Wbai...everytime my opinion of the situation runs counter to the bulls on StockTwits the bulls always say I just got lucky, that their analysis was on the $$$$ but just didn't work out....
Meh...little up little down
Low $9s, high $8s....all the same thing as far as I'm concerned. My take is the PPS is holding due to being manipulated and held in this general trading range while the smart money sells high....1.1 million (or whatever the number of shares there were in the secondary they used to raise money) doesn't get sold in one day, one week....it can take a month or more.
I'm sure you see it differently....and that's kewl.
And a Golden Cross to boot....
Here's hoping it moves like it did in 2015 when the 50 dma crossed the 200: http://www.avoidthebag.com/2016/10/rvxto-golden-cross-will-history-repeat.html
Can you link it?
I thought they had VUZI as a buy....I'm not a big fan of analysts.
RVXCF Golden Cross right now....
50 DMA now touching the 200 at $1.05.....watch out if volume spikes. Biotech in phase III for patients with Diabetes Mellitus, aka full blown Diabetes.
If the pattern plays out...
Social media will be filled with posters screaming manipulation and exhorting shareholders to buy the dips...and there should be rallies if the smart money players selling the shares being bought still have more to unload imo.
News out again today...that's like 3 prs in 6 days....1 every other day, but nothing about activity that "will" lead to profits...only what "might".
Stocks don't always turn on a dime....
Manipulation works both ways...up and down. If there are some smart money players dumping into all the promotion and hype after this big climb, then it would be reasonable to expect it to hover in and around the top of the range for a while imo
RVXCF - Yale Club Presentation Oct 13th...GC setting up
50 dma due to cross the 200 any day now....could be tomorrow if the PPS climbs high enough.
Resverlogix’s R&D Update with World-Renowned Key Opinion Leaders is October 13. More details: https://t.co/cUigNpbm5N @Resverlogix_RVX $RVX
— Life Sciences Report (@SWLifeSciences) August 25, 2016
RVXCF Biotech with a Golden Cross setting up....
October 13th they'll be doing a presentation at NYC's Yale Club:
Resverlogix’s R&D Update with World-Renowned Key Opinion Leaders is October 13. More details: https://t.co/cUigNpbm5N @Resverlogix_RVX $RVX
— Life Sciences Report (@SWLifeSciences) August 25, 2016
and 1827 to you as well....
If you decide to risk some money on it I hope it works out for you...if it does then I'll be doing great too.
RVX.TO or RVXCF - Golden Cross is close....
Biotech company in phase III that you've probably never heard of...isn't that always the way. Apebetalone is the compound, company seeking to prove that it reduces Major Adverse Cardiac Events in patients with Diabetes Mellitus (aka full blown insulin dependent diabetes).
I think its a good candidate for a momo play....and for those willing to do the DD it might represent a good LT play too, although its obviously risky...if the phase III trial succeeds or they get bought out....KaBaM!!!
But phase III trials don't always succeed, so the risks are very real.
Here's a primer written before the golden cross set up that should come this week imo:
http://www.avoidthebag.com/2016/06/resverlogix-phase-iii-clinical-trial.html
Not trying to rub it in....
A lot of the time its all about when you discover a stock, that is what determines how low you get in. And I'm also not typically one to try playing the dips and rips...the last time I did was with NMX (when it was on the Venture) bought it at 15 cents as well and sold it twice and then was lucky enough to buy back my entire position cheaper and bank some cash....
But usually, like you, I'm fearful of some big news hitting and a stock taking off and leaving me in the dust...Ultimately I sold out of NMX too soon, but after making 5X my initial investment....ahhh well. Nobody ever went broke taking profits.
And I have a brother who gave me the perfect advice on how to deal with seeing a stock you made nice bank on climb even higher. "Cry into all the money you made".
Vuzix has been advertising for ages...
Why? Because they diluted the living hell outta shareholders....with over 265,000,000 shares issued and outstanding back in 2012. If you're gonna issue that many shares you better have some outfits pumping the stock.
Then in Feb of 2013 they do a 1:75 reverse split...brought the total outstanding down to just 3.5 million odd.
And now? Already back up over 17 million....do you sense a pattern? Each time the pumpers say "oh, but this time is different" "now they're pivoting into a profitable company".
They're entering their 3rd decade and have never made money....so sure, this time will be different...
That's 15 Canadian of course....
Which is more like 11 or 12 US pennies...but no matter. If I'd come across Eguana sooner or even right now I'd still be buying...check the pattern on EGT.V....after each surge its pulled back to the 50 DMA or just below, then its off to the races again. Dollar volume is nothing right now....I like the chances for EGT to trade consistently 5 to 10 million shares a day for a sustained period, and possibly even 20 million. If that happens I think those who passed up on 15, 25, 30 or even 50 cents...I think there's a good chance they'll be kicking themselves.
I've been holding since May...
Popped onto my radar from a guy on StockTwits....wish I'd seen it before at a dime, but 15 cents isn't bad. I think we're ready for another leg up....
This is a blog post I did on it after I got in:
http://www.avoidthebag.com/2016/05/the-lure-of-clean-energy-eguana.html
For me the catalyst is overdone promotion....
When you have a money losing company with a history of dilution that's being touted and promoted by a myriad of so called "IR" companies...that's what I look for.
My favorites are the outfits that provide interviews....and then try and make it seem genuine. I'd love to see one done honestly.
A: Thanks so much for taking to the time to stop by.
B: WTF are you talking about??? Of course I'm gonna stop by...what, you think you'd get paid and not have to do anything???
Or even better:
A: There's been a lot of consolidation in your industry and a lot of the weaker players have been shaken out, what does that mean for your company?
B: That's a really good question...The important *interuppted by interviewer...
A: What do you mean 'that's a really good question"? I'm just asking you the questions I was paid to ask you....oh oooops, my bad...please continue.
I guess anything can happen...
Back in the dot com days lots of companies were hoping for a buyout, and some were acquired...most though weren't.
Yes....
Competitive Local Exchange Carrier...large metropolitan areas were full of them. The one I worked for strung fiber through Class A office towers, using the shaft next to the elevator shaft....Fiber to the desktop. It was actually a great company with a superior pipeline, but it was new and small.
Who are the companies competing with Vuzix? Google, Sony, Samsung....sure there are big companies that will test drive their product, but the big contracts? We shall see.
Its a lot of things....
My overall view of the market is that its manipulated....manipulated to get the sheep to buy high what the smart money is dumping, and to sell low when the industry types are buying. Obviously a company without profits needs a good story, something to get the great unwashed all excited....and then the real players can work the PPS higher and higher and then start dumping.
When I see a $5.75 secondary....kewl beans, that to me explains the move up. The underwriter is going to need a climbing share price and a good story to get buyers excited.
But from a strictly fundamental perspective I don't like Vuzix chances and I'll tell you why.
I used to work for a CLEC....a competitive local exchange carrier, this was back in the late 90s early 2000s...the parent company raised close to 3 billion via a share and bond offering.
Ultimately the biz failed though...and one of the big reasons was because people don't get fired for picking an industry leader. We were selling telephony solutions and data connections...competing with Bell Canada. Back then the internet would go down from time to time...bottlenecks and such, it happened. But if the CEO can't send or check his email and starts screaming....if its Bell Canada, oh well...stuff happens. But if the net goes down and the company is Acme Tech Solutions, then the CTO who signed with them gets fired.
We had customers who would use us for a few phone lines, and maybe some redundancy...but the bulk of their biz went to Ma Bell.
Do you see where I'm going with this?
Haven't closed off....so yes I am
If you're genuinely interested in the logic behind my bearish opinion...and you are most welcome to view my opinions as being bereft of any logic whatsoever....I will invite you to read this Business Insider article:
http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1/
Here is the relevant part about how a smart money player sells high while the dumb money retail crowd buys high:
Then, he will try to time the top of his planned price rise with some "good news" about the stock he may already know about
Remember the saying, "Buy the rumor, sell the news"?
"You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. This is not mere accident.
The whole move is manufactured. Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves."
Does this apply to VUZI? Obviously there's no dividend....this is a trading method that's been around since the 1930s....and while the game is played differently now, entirely electronic with no trading floors or pits....its still the same game of misdirection as I see things.
It has to be though imo...if the smart money industry players are going to sell high they need others willing to buy high....and in my opinion that means the retail crowd, aka the herd.
Retailers are the ones reading bullish write ups on SeekingAlpha, listening to interviews with paid promotional firms, reading write ups by still more promotional firms....
With all this going on you see the PPS for a stock topping out....stuck in a range after a big climb. Why does the climb stop? IMO its obvious...Sellers are willing to dump their shares carefully in equal measure to meet the demand....holding off to let the price climb again, then resuming their selling which brings the PPS down.
Resurrected my old SeekingAlpha blog
I never deleted it, but hadn't written anything on there of significance for a while. Just put this up there:
http://seekingalpha.com/instablog/15663412-joe_retail/4920504-rvxcf-golden-cross-time-predicting-2_30-plus-usd-eoy-50-percent-upside
New blog posting on RVX...
Putting a $3 CDN price prediction out there by year's end:
http://www.avoidthebag.com/2016/09/price-prediction-for-rvxto-300-by-years.html
I can respect that....
Investors know they could lose some or all of their investment...pumpers refuse to acknowledge that possibility.
Only pumpers refuse to acknowledge risks...
There's not such thing as a slam dunk....risk means that's there is both potential for gains as well as losses.
Opened Mon Sept 19th at $1.15....
A week before that on Sept 12th it opened at $0.96....so a close of $1.42 this past Friday isn't too shabby.
That's a one week return of 23.5% and a two week return of 47.9%
And if you look at the volumes on the + days versus the volume on the - days you'll obviously notice a huge difference. Will the buyers storm back in next week? No way to know....maybe they're done, maybe they'll be back.
I'm betting they'll be back at some point...but another few days of light volume wouldn't shock me.
Sorry about NBEV Joe....
Hey....tried to tell you but you knew better than me, oh well....I don't think you're gonna ever see $2 again without a reverse split. If it makes you feel better to vent on me that's okay though, I can take it....sometimes you're gonna get them wrong, the market isn't easy.
This country is nuts sometimes....
I've lived in both the US and Canada....and I'd love to combine the best of both. My late father worked on both Wall Street and Bay Street (the Canadian equivilant) and he much preferred NYC to Toronto professionally.
In this country each province and territory has its own securities regulator...and every time they try to centralize it the provinces cry foul.
I show volume at over 160,000....
That's including all the secondary exchanges....the Canadian markets are very convoluted with secondary and dark pool exchanges.