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Just bought into PHOT. I'm liking these financials. Honestly I thought this was a crap company until today. Good luck all!
Picture-perfect hammer today! Thinking it will close as a dragonfly. Little stalemate at the Ask right now but I do believe we still have 35 minutes left ;]
I'm seeing a LOT of green here. Not too many people selling into the bid... good sign! We know what this stock is worth and personally I will be holding for .10+ later this week
RSI heating up. oooh smokin'
Nice slaps on the ask! Hold strong, the demand is definitely there!
Nice day for SKTO today! Let's hope the pattern keeps repeating itself.
http://stockcharts.com/h-sc/ui?s=skto
Merging the candles from Friday and Monday, then merging the candles from Tuesday and Wednesday gives us a chart setup that is basically identical to that from the 11th -13th. We see a huge white candle followed by a day of indecision, then a bullish dragonfly doji.
Last time, this setup took SKTO from about .005 to .08, an increase of 1,600%. Should be a nice gap open at .05 Monday. Can't wait to see!
What a joke. I hold 375,000 shares and would be buying more Monday if I could afford to.
Oh I don't know... maybe the fact that he's updated his own LinkedIn? Get out of here.
I've been fully loaded for a few days.
I think the chart looks beautiful for a buy. The only thing we need now is a good news catalyst. If MJNA puts out a PR with financials from Q1 we may see a nice run. Otherwise I think we will continue downward into the lower .20s until the quarterly report is out.
Emotions and trading are never a good mix. Ever. Stick to thinking objectively and don't get attached to your portfolio and you will avoid a lot of heartache.
Agreed. $1 is easily within reach here
Etrade is a flat 9.99 per transaction ;]
Why in the world would you expect this stock to trade at book value of earnings? That's ridiculous. For example, Apple took in 41B in 2012, currently has a market cap of 433B. Hundreds of other companies trade the same.
For a rapidly expanding company like MJNA there is no reason why its market cap shouldn't be many times that of its earnings.
MJNA and SKTO are totally different companies.
very possible
Trading today is going through pretty much as expected. SKTO is repeating it's pattern from last week's run. Large white candle (3/18), then one with a long upper shadow (3/19), then consolidation (3/20). Expect green tomorrow.
Great find! thanks!
nice battle going on now... SKTO creeping back up like a champ
Q1 ends March 31, so within 45 days of that.
Didn't Borders go bankrupt?
20 to 30 in under 5 minutes
Wow! Big improvement!
Nice pattern spotting
No one? Check the reads and post counts on this board... think all of these people are going to just sit on the sidelines and watch Monday? Especially with everyone around NY snowed in, what better way to pass the times than trade? ;]
I agree 100%
He is old news, kaput. His personal actions won't negatively affect MJNA
Still fully loaded here. That 50 MA is coming awfully close... big jump soon.
You can say that again. Thinking we will have another run tomorrow. PPS was getting pushed up right until the close Friday.
Added 175k here
Tripp hot boxin' the Brinks truck on the way to the bank I bet
I moved half my position from MJNA to SKTO yesterday. Wouldn't be surprised if a lot more money has been shifting over like that.
Just wait until next week, that'll seem like nothing!
#1 most active board on ihub today. MJNA sitting at #10. Big uptrend starting for SKTO!
Glad to be here! came in on the gravy train yesterday :]
Almost certainly... just look what they did to MJNA. Stopped that last run right in its tracks
If only that was the ruling! god forbid someone rules sensibly on marijuana...
Nice analysis. Yesterday's candle should be taken with a grain of salt though, the .35 trade was only 100 shares.
Of course he can do that. They do it every day when they decide which dispensaries to leave alone and which to raid.
The Federal government can pick and choose what points of interstate commerce they want to regulate and which they leave up to the states. For example, gun laws vary on a state-by-state basis. When the Fed wants to raise revenue or feels there is enough support for blanket regulation (for example demanding a nation-wide minimum drinking age) they will override the states, but they by no means are required to.
Once all of these conservatives have their hands in the pot, they will stop supporting prohibition. You can already see how almost every day now there is a new bill announced to decriminalize, regulate or legalize. Much in thanks to Rand Paul for pushing Kentucky's industrial hemp bill, we are seeing a huge influx of supporters, both Republicans and Democrats. It is becoming acceptable to be a vocal supporter of marijuana now.
IMO ending prohibition has nothing to do with the Affordable Care Act. Yes they are both states' rights issues but it has already been ruled time and time again that the Fed can regulate interstate commerce however it wants. Obama has already stated that he doesn't think the marijuana issue warrants his time and effort... they will let the states continue experimenting.
Judge O'Connor stated in her dissent in Gonzales V Raich, that “Federalism promotes innovation by allowing for the possibility that "a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country...". I believe that is the approach Obama is taking.