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I was able to take some nice profits.
I left most of my lower buy ins alone, and have been playing the up and down game with my higher buy ins.
Its been a good stock to practice day traing.
Can we get some more stickies? More relevant amd recent stickies.
The latest letter from Jimmy would be a good one.
The 8k regarding the Bizright deal.
Yep.
I would love to see those numbers, too.
How many payments were made in Bitcoin? Whats that Coins worth after the rise in price?
Recieving payment in Bitcoin is a hell of a deal for a business like SGMD.
True.
This is a real company with real products, real revenue and real growth potential.
I too got in before the big drop and my biggest regret has been not buying more at .03 (i was pretty tapped, though)
Not making the same mistake twice.
This last drop to .12 was a gift.
This drop to the teens is another gift.
Until we get financials or PR... probably.
So, its a good sign that SGMD has done away with them, and that SGMD wasn't mentioned.
Now, with a new CFO, we shouldn't be concerned about it.
I see it as steps in the right direction.
Issues with that old auditor may also have created issues, which contributed to delays?
Josbor8, can you tell us more about the past auditor. Thanks.
I'm just seeing a lot of red everywhere I look today (cannibus stocks)
I'm watching the L2.
Very little action.
Besides speculation, is there any indication that SGMD and NUGS will merge?
In a couple months SGMD will be uplisted again.
And dare I say.... if everything goes well.... SGMD will uplist to the big boy markets in a few years! (Now thats a long play)
Suissac, I blame you for keeping me from my .29 sell and for keeping the price up today! Just kidding.
Good on you mate.
And you are dead on, Sugarmade has filed all the important stuff with the SEC and PR'd all the goodies. Financials are not an if, just a when.
Lets make it next week. Until then... can we get .22? :)
This is the first time ive given my... "i think we will have news by"... i think wr will have significant news by the end of next week. It'll be sweeeeet.
Going to have to spend some of these profits at my dentist. :D
Josbro, I sincerely appreciate your advice.
Thank you.
Thats what got me.
The night before I said sell at .32
In the AM it was going up... so I set for .35
Obviously that didnt happen.
The next day I didnt even try.
Ive been thinking A LOT about FOMO lately and how it has effected my trading and how different things would be in the absense of it.
Im only just starting with day trading.... and I didnt make the trades the past 2 days that I wanted to because of fear/uncertainty. Totally could have sold .32 and bought back in low .20s.
So last night I told myself to stop being a little B... to take my profits and play the game.
Ofcorse today is dead. And we are going to sit here....
Missed out on 20k because I didnt act.
Lesson learned.
Time for my Marine mindset: Act now. Feel later.
Anytime partner.
I hope it helps you get rich!
The account is free. You dont even need to fund your account.
Log in and go to Tools, then Download ThinkorSwim. And open Trade Architect.
I finally opened a TDAmeritrade account so I can see L2.
It is really nice/helpful.
And red today.
Ill be honest. I had a little to do with todays push down.
I let go of 42k worth. (42k that use to be 28k and started as 7k) looking to turn it into 60k
Ive been here a year and I am pretty confident that without PR or good sector news, we arnt going up.
We will consolidate. They will release PR. We will go up.
Its almost predictable....
Well.... GLTA.
Upcoming Catalysts:
January 19 budget. This is a catalyst for the entire sector.
Financials. This does a few things.
One, it removes the stop sign and opens the gates to more buyers.
Two, it removes the doubt created by the stop sign.
Three, possible/probable re-uplisting (good PR).
Four, it provides clarity.
2018 projections. This will give investors a better understanding of where SGMD stands, where they are headed and how they plan to get there. (I suspect this to be very positive)
Did I miss anything?
A ClayTrader video:
https://claytrader.com/videos/the-penny-stock-pick-scam-exposed/
(good vid)
An Article About Whether or not ClayTrader is a Scam
https://claytrader.com/videos/the-penny-stock-pick-scam-exposed/
(spoiler: not really)
An ANti-ClayTrader Article
https://thestockcop.wordpress.com/2016/09/01/clay-trader-exposed/
Finalcut71, ive never shorted before, so i might try it.
I was also thinking about buying the dips. Just a matter of checking out the company and the chart. If it dips low enough, sure seems like a good idea. Especially if its a company like SGMD and the PPS is looking to jump on PR. Creates a good position to buy in.
I wish I was better at timing my buy/sell.
I know you cant perfectly time the market. But I feel like I could be significantly better.
I only started trading a few years ago, just before I left the Corps and until SGMD only delt with large cap. (Last duty station was in Columbus,OH!)
What "strategy" do yall use and rules do you all live by when trading?
Im regretting not pulling the trigger on a .32 sell for the shares I flipped last week. Would have loved to have grabbed them again at .26. In was even kicking myself for not doing it yeaterday. Became a hog and hoped to grab .35
Oh well. No ones fault but my own.
Should have headed Clays warning yesterday!!!
No curse.
Just looking for ripe targets, then he gives the signal to pounce.
Pretty smart IMO.
When I finally cash out of SGMD, I am goinf to set aside 10k to follow him around.
Good news for the MJ sector.
Quoting another form member here.
Good Post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137494520
"HUGE NEW CATALYST FOR 2018 MJ MANIA ONLY 2 WEEKS AWAY
JANUARY 19, 2018
Federal budget is renewed with both Rohrabacher-Blumenauer and McClintock-Polis amendments included as a direct result of Sessions' recession of the Cole Memo on 1/4/18
Amplitude:
Positive
Duration:
Long
Significance:
Major -- 9.5
Direct Catalyst:
The 1st time in history that state-legal MJ is fully protected (medical MJ has been protected for past few years but recreational had never before been protected) from federal government interference -- this marks the official beginning of the end (the "1" in the "1-2" punch) to the federal government's 50-year war on MJ
Rohrabacher-Blumenauer protects Med MJ from federal intervention
http://www.thedailychronic.net/2017/89445/federal-medical-marijuana-protections-temporarily-extended-2/
McClintock-Polis protects Rec MJ from federal intervention -- this is NEW --
http://www.thedailychronic.net/2017/77310/mcclintockpolis-amendment-to-limit-federal-interference-of-state-marijuana-laws/
Indirect Catalyst:
Paves the way for Republicans and Democrats in Congress to press forward immediately to pass one of several potential bills that permanently place into law states' rights to legalize both medical and recreational marijuana without any possibility of federal interference (the "2" in the "1-2 punch")
Removes any chance of a federal shutdown of state-legal marijuana, erasing any investor fears of an interruption in the American Cannabis Economy (ACE) and THE 2018 MJ MANIA
Speeds up the federal rescheduling of marijuana and increases the probability that this will occur within the next 3-6 months
Increases media attention on the marijuana legalization movement in general, and California's launch of recreational sales in particular
Speeds up cannabis banking reform and tax reform as well
Significantly strengthens the intensity of THE 2018 MJ MANIA
You can read more about how and why the birth of this new catalyst happened so suddenly here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=137439779 "
12 more hours.
What do yall think. Green or Red tomorrow?
Whats the charts say?
Which is precisely why I don't do a lot of trading in the OTC. (Starting to branch out)
I believe it is. I recommend doing your own DD.
I got in heavy when it was lower and bought a bunch more when it dropped.
Unlike a lot of traders on here, I look at and buy the business, not the stock/chart.
I believe this is a very sold, real company with great potential.
I only see 1 picture. No SIPC or VATE in it.
Also, im running short on post for the day. So can you tell me your target pps for each?
The delay is partially strategic. They are setting this stock up to run
Jimmy mentioned that they were late and would file soon. He also mentioned that 1st Qtr is almost complete.
Here's what I think.
Last years financials look terrible with all the expansion and no increase in revenue. Release it and things look bad, shares tank and things look bleak for mo ths. Not good.
So what do you do? You release with Q1, which looks MUCH better, and is accompanied by an impressive forecast for 2018.
A bright $hiny light!
"Scaling Up Our Organization – As we recently announced, growing a business
infrastructure capable of expanding by more than 500% during 2018 is
certainly a challenge, however the process is well underway. We are excited
to announce today we have now settled on a new chief financial officer who
will be joining the organization over the coming weeks. We are also beefing
up our other staff functions in preparation for this major business expansion.
This expansion will also involve a move of our headquarters location into a
much larger office space capable of accommodating all of our personnel. This
consolidation will not only allow us to grow to our full potential, but will also
allow for important cost synergies relating to warehousing and logistics that
will have a positive impact across all our product lines."
Jimmy Chan
" Financial Reporting - With the pending significant business expansion and
our need to meaningfully increase our staff, we have fallen a bit behind our
normal financial reporting schedule. We have now completed all of the
internal reporting functions with both the fiscal year-end and the most
recently ending quarter’s financials now receiving financial review from our auditors. We expect to return to full reporting status over the short run and
with the staff additions we referenced above, we believe we can continue to
report in a timely manner."
Letter from the CEO. Very encouraging. SGMD is going to kill it in 2018.
http://sugarmade.com/ceo-letter.pdf
BizRight Marketing Agreement – The BizRight agreement will make us one of
the largest publicly traded suppliers to the growing cannabis sector. As a
result of this agreement, the number of products offered by Sugarmade will
grow substantially, as will our revenues. While we are planning to offer
formal revenue guidance over the coming few weeks in a press release and
filing, we certainly believe revenues for 2018 will easily exceed the $30 million BizRight is expected to produce during 2017. We see substantial
growth for 2018.
I can't wait to double the 28k I recycled today.
Loving my Sugar.
Truth and JohnCM.
Our resident Shorts.
This is not dilution.
Quite literally every MJ stock I have ever bookmarked is being hammered. This is Profit Taking/Panic/Reaction to News. Thats it.
Nothing has changed here. Buy cheap.
That was me. :)
SGMD management has enough money now to cover SGMDs debt and to push new aquisitions in the MJ market, making them one of the largest player in the game.
This is what SGMD does. It acquires synergistic businesses, expands and diversifies.
With the exception of the late filings, SGMD has done everything right. And clearly management is making the right investment choices.
I pulled a little yesterday to cover my initial investment...... I think I may throw it back in if we dip :)
Maybe even spread the love a little more to SIPC and VATE.
These are buying days!! Gotta lovem!!!