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JamesK...while I agree the fundamentals are not the same at this point for a TSLA like move, but with the right news and development it could reach those levels..."cool" or "uncool" ...IMHO a safer cig will be totally embraced. (not to mention the MJ angle...which could be very interesting)
what will be more laughable is that it doesn't remain long enough trading to get to 2015 and is purchased in excess of $100 share ...
that would really give the holders a real chuckle.
Call your broker...try. I dont know any retail online brokers who will take a short trade. Some smaller broker might...but I dont know any the large retail brokers will take a short from you on a BB. Even some of the smaller firms wont even take an order for a BB stock, for fear they would be disciplined by FINRA of recommending it, or not giving proper advice regarding risk.
XXII stock (BB)is not available to short by retail investors...he just thinks "tobacco" is evil, so dumps on everyone with an interest in making money on this company... best to not waste time on his comments and place on "ignore"
Don't let your panties bunch up....
we dont "need" news this week...anyone selling because there is no news yet, is clueless. We have the board calling for the Annual Shareholders meeting 6 months ahead of time...to get housekeeping in order and move ahead...
...they aren't doing it because "nothing is happening"...news can come in the meantime...but IMHO we will be even more pleased by April 12th...
...just traders being traders...trying to make an opportunistic trade/scalp.
Zedster... it says "the filer is permitted to sell the shares, or any fraction of them, within 90 days."...not "sold".
Perhaps it is hard to predict SP week to week...but
When AGM was in September last year...and then company moves it up to April this year (5 months earlier, 6 1/2 in advance with notice) it is very reasonable conclude it is for one or more very positive reasons.
IMHO...its crunch time, and time to keep your eye on the ball. (Soon to be hit out of the park?)
I'm putting it out now, because I dont want to burden or distract Van from finding the next best thing for us.
So you are on your own to do the analysis as to how it might be "nibbling" at DSNY's heals:
http://www.streamroot.io/
possibly a good example of "you increase your chances of losing to others, if you procrastinate and fail to timely execute"
Your "considerable ambivalence" regarding DSNY...may soon turn into very serious doubt regarding its "exclusive" secret sauce for resolving the issues Clipstream is supposed to resolve.
I spoke with a very savy techie from a cutting edge start up, who is familiar with what clipstream is attempting to do for Streaming Video, and how it does it. He informs me that three techies from France have come up with the same solution to the same issues which Clipstream is attempting to address, but through a "different route" (ie.no patent violations). Their solution for streaming video, substantially lowers bandwidth (90% lower)and delivers very high resolution, with lightening speed.
I am getting the particulars tomorrow and will pass them on to Van for review, (If he is interested in doing so). But according to this techie, Google has contacted this company with a view toward using its application for and enhancing (at lower cost and bandwidth)the Youtube experience, while saving costs.
The particulars, I will leave it to Van to review, but what was described to me, the technical "route" is very clever and apparently effective. I am told there are still tweaks that would be required for application for Netflix ... (to forestall piracy), but in a Youtube streaming video setting, it is of "lightening speed, low band witdth, and visually the highest quality resolution" that one can expect.
Not that there couldn't be a niche for DSNY and Clipstream if Clipstream could grab now...but a "niche" is not consistent with a "Big Stock"...
In tech...TIME IS ALWAYS OF THE ESSENCE...and TIME IS MONEY (and Opportunity)...Gained or Lost.
Just...there are always "doubting Thomases"...mostly the product of the "uniformed", who seem to come from universities, vs. techies who work in or with cutting edge tech companies...
Only after they have read Van's newsletter, read the company's white papers, call and converse with the CTO, and attend demonstrations, would I consider listening to their "opinion".
Jock...IMHO...there are no real sellers, but some investors (several on this board) trying to scalp a few pennies on dips they cause. As I have said several times...some will make a few pennies, some will end up chasing up to their selling price and some will pay beyond their "sell" price to recoup the shares they sold...
Obviously one of them wanted to paint the stock on Friday at $4.34 with the last minute dump of 100 shares, probably in hope of continuing down on Monday morning.
Bottom line, I agree with you, the little bantering about "due for sell-off" is just wishful thinking...not real technical analysis. In the end as more believe they can scalp successfully, while they grow impatient with uplisting etc, the greater demand will ultimately grow to "buy back"...they are going to "in effect" create their own self-imposed "buy-back (short) squeeze"...trying to chase shares up.
After all, the more "holders" who realize the occasional mini-selloffs is a matter of gamesmanship, and not the stock or fundamental weakness, and stronger they will be in holding...(the potentially weak, wont be fooled and just become stronger) and more the costly it will become for the "scaplers" to buy back... and fewer shares at that. I think it is fair to say...the little swings are not bothering too many investors now...its like "boys will be boys"..their they go again...with the game...yawn, yawn...
The longer we stay in a tight range, the stronger the technicals becomes...as you so accurately point out. In fact, after a run, consolidation on lower volume is considered "very bullish". It's called "building a base" for the next leg up. At the same time, as the RS deflates from nosebleed heights, it will discourage "unfamiliar" technical scalpers from coming as overbought and short.
ps. locked and loaded for any opportunity our fellow investors want to give...
That is NOT the sale of stock. He received 144 "restricted stock" which has a waiting period before it can be registered and "availalble" for selling in the market.
He just registered it AFTER the 6month waiting period. Now he is sitting with it in his portfolio. With the amount of his ownership, he has strict windows in which he can sell stock, and as such they (insiders who are Directors/Officers) do so according to a filed "plan" and have no control whether it is advantageous to sell.
This is a simple "registration" of stock. Not even an intention to sell.
If anything...I would take it as a Bullish Sign...he is getting his portfolio in set up...and the question is "for what"????
I believe we all know...
I would never advocate margining your portfolio to the hilt. Re-investing for leverage 10% or 20% of the marginable securities would be conservative and safe depending on the stability of the security.
Options are not automatically offered by CBOT, NYSE-AMEX Options etc.., upon uplisting. I would not expect options on XXII for at least 2-3 months, and ONLY if trading is brisk and over 1M shares daily.
And longer term options is an alternative, if you know what you are doing...
For Novice in this area, who have never imbibed, options usually expire worthless...ie you lose you investment in them...BUT ...they limit your exposure which occurs with margin and IMHO buying a PUT(betting that the stock will go down) is the ONLY way to go Short on an issuance. You know your downside risk in case you get caught in a short squeeze. BB stocks never have options, so you cant buy a PUT the typical POS.
So you could be more aggressive with options, as long as you are willing to lose what you put on the table.
In my younger days (and for 10 years)...I daytraded options and experienced the good and the bad ....made a fortune and lost a fortune...
IMHO...They have their place in an investment portfolio, as an alternative to (even with a small exposure with) margin, but not the tax postponement of conservative margin.
Zedster... where are you getting your informaton?...you stated: "Interesting that Richard Saffire sold 200k in last couple weeks. Thoughts anyone?"
Yes...my thoughts: I am surprised that your unfounded statement was not challenged before this. Actually, his individual ownership in XXII from Dec, 2013 to Date has gone UP from .027% to .068%...VERY BULLISH.
Saffire has NOT sold since 12.10.2013...and at that it was 10K shares and no doubt a "tax" sale transaction.
To confirm see: http://www.secform4.com/insider-rading/1347858.htm
Transaction
& Date Reported
Date Company Symbol Insider
Relationship Shares
Traded Average
Price Total
Amount Shares
Ownership Filing
2013-12-10
Sale 2013-12-12
4:38 pm 22nd Century Group, Inc. XXII SAFFIRE RICHARD G
(10% owner) 10,000 $1.55 $15,500 3,827,516
(Indirect) View
Nice scalp...question of how much will it cost you to get back in, if that is your intention. Only 12k or so shares went off above 4.40, so they could possibly make "cumulatively" $1,200 - $1,500 on a scalp and buy back now for $4.40... guess some traders think its worth the risk.
I have no desire to book a 350% gain and pay the 31% taxes, when I can simply wait for it to become marginable and work with tax free money for more leverage.
well said Kmike...
As I said: "Of course either can make an unexpected surprise announcement on anything not anticipated which would drive SP."
I am referring to strictly immediate catalysts, which would drive SP... Ciggy has uplisting (any day now), MSA announcement (overdue), etc. vs. Spiffy, which has demonstrated for customers...reaction takes time, and requires demonstrations to turn into orders, then revenue, which turns into stock appreciation. Of course either can make an unexpected surprise announcement on anything not anticipated which would drive SP.
Been heavier all along...ciggy...with a core of spihf...reading the tea leaves...NOTHING happens as quickly as you expect or would like, with that in mind...believe the tea leaves are lines up for XXII
spiffy potential users have to run by CTOs etc and have their "testing" period before signing on the dotted line. As Van says, patience is a virtue and also profitable...but IMHO...some are profitable before others..
Its just Market Makers flashing bid and ask before 8:00AM...after then, they post actual orders...if any...or just continue to play with you...dont know what is real or bs until the market opens.
MM will ALWAYS play with you on the bid/ask, except when there is too much activity...then they dont have the time to screw around.
Juts...Adding a little also, but very heavy in ciggy and dont intend to sell any of it yet to move over, until it explodes much higher. At that point I will decide how much to margin vs. sell to add to spiffy.
IMHO, the leverage in ciggy is almost 2x SPIHF and ciggy is on the verge of exploding, while Spiffy even with all the good press, will take time for testing and adoption, and not nearly as ripe as the ciggy for immediate SP appreciation. IMHO...Ciggy is on the launch pad, Spiffy is fueling. (Dizzy, has a hole in its fuel tank and is in for repairs). I would still be happy regardless of which one (Spiffy or Ciggy)went first.
yep...expecting a similar move, but on its technology and fundamentals will can drive it.
I didn't say the stock wouldn't be squeezed and go hire. The Tim Sykes trading group got caught with their collective pants down after he pushed "shorting" CANN. Now he and they are being punished.
Market Watch? ...since when are they a regulatory agency? I am telling you the facts as it relates to Nasdaq and NYSE as well as SEC and FINRA...has nothing to do with anyone pushing a stock or commenting on it that effects is rise of fall.
If correct, it appears they know the payoff will be much larger...humm
Market Makers post "adjusted" trades right after the close, they are usually trades that they should have, but missed, posting during the regulare trading day.
On BB...shares are not traded afterhours...they were not after hour trades, but market trades during regular hours and probably occured on the spike...
And yes...CANN is a "penny stock" (street name for "bulletin board" (BB) and "pink sheet" stocks). It is NOT a listed stock on Nasdaq or NYSE, which requires strict financial reporting and corporate governance review. It can go to $1,000 and it would still be a BB stock, which Brokers CANNOT recommend, regardless of price.
yes..all of it.
No Options on BB stocks...has to up-list, but would not meet qualifications right now. Nice short squeeze...but IMHO a bigger play in biotech moved into the MJ space...is up-listing to Nasdaq. Will likely announce MJ technology upon up-listing in March. Listen carefully
No announcement, but I will settle for a strong consolidation day on low volume...very good for basing and support...very bullish
not necessarily what is being expected...its come a long way and (absent news) a breather here is very good for next leg up...
If Nasdaq...but usually conversation and correspondence back and forth to line it up...depends upon preparation and quality of submission...if you are sloppy, takes longer. I am sure they have "ducks are lines up"...
again, that is Nasdaq...NYSE should be good to go right now, subject to their meeting on the 20th.
Meeting with NYSE on the 20th, not 2-3 weeks ago. Generally a final meeting is to see if any other house-keeping is needed, papers filed etc. You are correct, it should be a matter of a few days if papers are completely in order or a week, if NYSE requested any "buttoning up"...but its only been 6 days since that meeting ... so I would not read ANYTHING into uplisting not occurring on the 21st or thereafter...
could still be NYSE at any time or minute...OR hold off for Nasdaq...they certainly know how to keep a secret!
Always could...but as it holds pressure subsides on sideways action...a nice thing to see to take the pressure off...just enjoying the cheaper shares...and still have my orders locked and loaded below...
Doubt you get the chance...been reloading down here 4.20 and will continue if opportunity below presents itself...would dump the other to be "all in" at that level ...
Good move...you might not be knowledgeable, but at least your smart enough to look for answers...and you are quite lucky, because in my numerous years of actively trading, I never came across a better newsletter for analysis and honesty. Listen closely and you WILL do very well.
IMHO...it will save you a lot of heart-ache and costly mistakes.
Everything depends upon the specific deal. All is negotiable...what is not negotiable are the final terms as they apply to shareholders and payment for their shares. No choice between cash or stock in the acquiring company UNLESS the deal is crafted that way giving a specific choice and % of stock or cash etc. But "choice" is very unusual option.
my personal preferance would be all stock...immediate No Tax Event until YOU chose to sell...otherwise its an immediate 31% (total) capital gains tax when you add in Obamacare Medicare tax for combined earnings (wages, investment income, capital gains)over $200K ...which I would hope everyone would be in with a buy-out.
lol...here you cuz...
Rambo...how long you been investing?...
Answer is...A company who buys any other company is paying for the stock...so the shareholder receive the proceeds of sale...they are "the owners" as represented by the stock certificates. There could be sweeteners for execs ... but negligible compared to what you are suggesting.
I have some good advice for you. Stay close to these boards and read everything. Also subscribe to HTFBS and read everything.
That was a very fundamental (novice) question. But better to ask it then to act like you know ... that would be dumber than dumb.
just like yesterday...if we have scalpers trying to take a few pennies ...they will end up buying back for more...and the shorts will have to cover on the way up ...as they did yesterday...
they won't learn until its too late.
as seen with DNSY...Nasdaq can waive and make exceptions. But the company already informed us NYSE is in the bag!