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This is typical. First hour is considered amateur hour for a reason. Then intraday is almost always stagnant until the last hour when day traders sell off or buy in for their position the next trading day. The market knows this and reacts accordingly
Just has to break it. Physical currencies provide a heavy point of resistance
where are you getting 200? And that number is over 200x too high
Scratch that. ((50B/314.75)(.01))=1.588m/mo. That's saying they get 1% of the transaction value
I got 25 million a month
Needs to break 1c badly or this run is over
A fluff PR would have the opposite effect of what you are hoping for
Poor answer
I have had my shares for over 3 years that I haven't sold because I'm with scottrade so please keep your petty assumptions to yourself
That's statement is only half true. California will be voted legal, 61% of the state is for it. However, will MEC get a bank deal with greenpay? Well that hasn't happened yet and that's also not that likely
The share structure is different
Market caps are almost always overvalued. The stochastic, MACD, and RSI show the Bears gaining ground these last two days
https://beta.barchart.com/stocks/quotes/SRNA/technical-analysis
I think it is always wise to invest in an emerging market. The thing with the marijuana industry, however, is that it behaves more as a mature market. We know a lot about plant physiology and we continue to learn how hormones effect growth. That being said, I think SRNA is a hold. I think it has good long term potential and room to grow. I do think that Surna is overbought right now and in the next few days we could see a nice entry point
No, you just assumed that. I know they have a team that they have been sending to trade shows. I was talking about more targeted marketing. More personal interactions, going to wholesalers, contractors (subcontractors), ect. If you can't be cool and interact in logical conversation, then I won't reply to you anymore
Why the attitude? If they implement a sales team then that's a good thing
Ok that doesn't change the fact that people don't order the Surna product online. If they did you could see it in the financials. It's a niche market, when I say marketing I'm talking about a sales team not a billboard
Well I have been nothing but honest. If you want to ask me a question, then just ask politely. This isn't a chess match its a forum...
Before trading this stock I had never heard of Surna so yes I do think that the majority of businesses will not go to Surna's website. Plus, who even googles for greenhouse appliances. You either contract someone out to build the facility or you go to an appliance store (which doesn't house Surna products). On top of all that, there are big names out there that are proven more reliable like GE. I don't know why that's so hard to understand. Surna has to get their product out there, a website and word of mouth does nothing.
And btw, when you subtract the revenue from dilution, they have never been profitable. Now, I'm not saying that they can't be but they do have to sell more product if they want to. It's as simple as that. You don't need to read between the lines, you just need to know how to read the financials
That doesn't matter too much though. If Ed actually wants to get out of the OTC a R/S will be needed. If I remember correctly the SS is somewhere around 4.5 billions. That's a big divisor and upgrading to a more major exchange is necessary for businesses with legitimacy. R/S doesn't have to be a bad thing
I think it has to R/S. There are simply too many shares
The elections isn't a catalyst, at least not right away. I don't expect anyone to really trade based off the elections considering even if the desirable candidate wins, it still will take a long time to pass through congress. As for the growth, let me put it in laymans terms, they need to step up their advertising a build a solid business plan with high-end goals to succeed in an emerging market
Yes it is legal. Unfortunately, you have to beat them at their own game to win in the OTC. Here is an insightful piece to rationalize a MMs thoughts.
https://m.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/
What happened to spark the intraday run?
Looks like he's calling a short attack
Bingo
Technically that is just a new high but I guess you can consider it a resistance point. It's not really an effective resistance point, however, unless it fails break after a few trading days
Your trying to argue sense of humor. Either you have one or you don't. Either way, relax a little
There is nothing dumb about taking profits. Trade long enough and you will learn
There are convertible notes, I'm sure they are being sold into the run
Why .24?
That sentence didn't make sense. Just to clarify, you are saying that whether good or not, musk will make it appear good to the investors?
Bill tweeted me yesterday. He said he was opening up a taco truck. Huge revenue coming. Expect news next week
Can it break the next phycological barrier at one quarter? It will be impressive if it can
The question to those figures is compared to what? There are a lot of brands that claim high energy savings but typically it is compared to an outdated generic brand
My point with that statement wasn't to argue the benefit but rather to ask whether they can convince existing ops to invest in all new systems. Heaters, coolants, and humidifiers are expensive so the cost benefit is slim when you can live out the life span of old equipment and still grow with high yields. Your point would be valid if the op was new but to an existing op, the sales pitch isn't all that appetizing
My apologies, I wasn't referring to you, I was meaning the other guy. You are right, I haven't talked to anyone using the product, I voiced my opinion based of the videos Surna put out and the numbers that they have produced. Essentially to defend my point, I stated originally that Surna was a reactor in business type (weakest type) and reactors need to build a clear business plan in order to survive. My argument is essentially, Surna has no clear business plan and has a lot of room to maximize their profits. Someone had mentioned that they will need to adapt to the growth in market, which I agree, they need to be more productive producing their product and slowly meeting higher demand.
As to your question about the product differential, I leave that up to the salesman and marketing team to prove to me why I want their product vs the ones in my greenhouses that work just fine. Why should I replace something that gets the job done? Energy cost is one benefit but energy cost really isn't all that expensive when all is said and done anyways
I'm more of the type of person that brings balance. If everyone was negative I probably would find something positive to back counter the argument. I try to leave emotion out of investments and argue with reason. Sorry if that's not your style but there is nothing more healthy than balance
Yeah I'm not arguing their advantage, I think they have a good product. I just know they aren't top of their field (and that statement was a naive attempt to discredit me). I am speaking from a professional level as someone with a degree in soil and crop science. There are alternatives and Surna does have to market themselves better to rise above the competition and survive. Essentially my point was, whether I need a heater, dehumidifier, ect; If I was to go with a standard brand, I could still grow a mean plant
Sorry, but they are not top in their field. People have been making greenhouse supplies for many years and there are plenty of alternatives that Surna has to differentiate between. Their goal is to make the equipment differ and appeal to the consumer by specializing in marijuana cultivation. That a niche market and that relies on word of mouth.
All that is cool and all, but please be real if your going to blurt out nonsense like that. Nobody needs Surna systems. Surna has to market their product as different and as better, it's the way life works.
All that being said, I would like to Summarize my post. Surna is by no means, industry leading. If they were, they wouldn't have taken 2 million in convertible notes as per the August 10-Q. Do I think that Surna has a chance to survive? Yes I do, but it's stupid to say to that they don't have strong competition. Surna has to market their product better than just word of mouth. It should be a clear part of their business plan and their business plan should be clear to investors. After all, who is motivated by mediocracy?
I think it makes sense with an emerging market but I do think they need to get more product out there