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We'll really just have to see what happens when one of our major catalysts occurs, and how the stock moves and whether it holds. FULL DISCLOSURE: I'll be selling 20% of my position in the case of any 50% move or greater. Nothing against the stock, or any of you guys, but I just REALLY miss having powder to play with. I love trading, but of everything I considered to trade with that powder I had at the time, my long term investment here also happened to be the best trade for that money. But, any huge move up, and I'll pull a tad out and the rest is here for 1-2 years.
Yeah, it basically is a fresh chart. When you have dilution and a firm selling shares without a second thought as soon as they become unrestricted, the purpose of reading the chart goes right out the window. The fact that we didn't go red once today is huge in my opinion. The last time that happened, I believe, is when we went from these levels to .18, which is where the dilution began. I have a feeling next week is going to be special.
I still don't think the charts look pretty at all, but charts aren't your best bet when you have things like dilution and Asher selling off coming into play. Charts track sentiment, and when you have that kind of selling going on, you have to factor the story into the charts and realize that they're kind of... well, kind of useless if that's happening, really.
Panzer, you've been missed! BOOOOOM!
....annnnnd up goes the pps! Sideways trading down here until we get news, folks. Hopefully, with that private placement and three years remaining to dilute the remaining shares, we won't be diluting into that news...
.12 seems to be a fairly crucial point on the chart, and that seems to coincide with where shareholders' nerves are beginning to get raw as well. I'm frustrated with the lack of realhemp.com's launch, but, other than that, we can't expect them to name drop the Fortune 500 company if the deal isn't closed yet, and I imagine we'd probably be getting that and the fins in a single PR, if the deal is closed before the filings are due.
I'm not above being extremely excited about a stock, and then cutting my losses and moving on after things don't pan out how I expected (and nobody should be), but, with what's on the way, I'm just not comfortable with selling my STEV down here.
That said, the waiting game does suck sometimes.
I spent a few dollars on an experiment today, sold a couple hundred shares EOD (last five minutes) and them bought them back. A couple HUNDRED shares, and it ticked the pps down and then up. Mind you, it didn't affect the ask/bid, so my experiment cost me about twenty dollars, but I'm definitely depositing money tomorrow for some more STEV powder (not a whole lot of money, but all that I can afford); when we get fins or a big PR, the rate this moves at will be crazy. I kinda like that, with this stock, you have the chance to literally buy the farm ;)
Sounds like a great call!
Seriously, we can hit new highs without news. Be chill. What we already know is fantastic.
From what I see, hasn't the company itself only been trading for a few months? Very little history on the TSX before going to the CSE. Which to me says this is a siiiiick investment opportunity!
Patience is key for where this is going in the long term, but, short term... I'm salivating over this chart for where it's looking to BOOM to when volume comes in. And we have plenty of reasons for that to happen soon ;)
Honestly, at this point in the story, I'd rather see options granted or a private placement that's above the current PPS. The acquisitions are AWESOME, but it'll take a lot of money to get things up and running, and, if we can avoid heavy dilution to get that money, that'd be sweet. It would also show the market that there are whales that are as enthusiastic as we are.
At the end of a correction, volume often drops to new lows as selling pressure decreases and the stock is left with longs holding and awaiting the next leg up. This is a good example of fundamentals and technicals aligning perfectly for new highs to be reached. Without news, I expect to hit .077 again on Monday, maybe .075 or a tad lower, but I think .075-.082 will be ourzone until volume comes back. This is pretty much where my other positions are, too, it's not exciting, but patience will pay off here. I'm out of powder at the moment, but I might need to do some rebalancing. I just keep liking this ticker more and more.
News doesn't always drive stock prices; once we started the downtrend, the news of the second acquisition didn't do much to help us. Let it rest here, churn a bit in the .7's, .08's, trade sideways a little, coil up some major strength, and then when we get news BOOOOOM. I'd rather not see us trade sideways for a long time, but if we gotta do it, we gotta do it.
Have you ever cut refined sugar out of your diet completely? A lot of people don't believe me when I say it, but I swear up and down that there's a very real, tangible, physical withdrawal that occurs. One of my favorite sociological studies comes from some experimental moves they made in prisons, in which they removed refined sugar from the inmates' diets, and the rates of violence dropped significantly. Wars have been fought over refined sugar. It's a drug, and a highly addictive one, plain and simple. We'd be much better off as a society if we came to terms with that *I'd say we'd be better off without it entirely, but I have philosophical issue with 100% abstinence :)
Agreed, completely. Honestly, if the MMAR wasn't so screwy, Tweed would be a 400-500mm company. I think F*TX has been doing wonderful things as company, but, as a small cap investor, SPRWF is the hidden gem that ya wanna find. The valuation here is nuts, so much upside when it gets on more radars.
The range is getting smaller and smaller, the wedge beginning to close... wonder what happens when it does close? Oh yeah, it BOOMS. Hopefully a little bit before fins, then corrects a slight tad and then we get a DOUBLE BOOM.
Just sayin', with SPRWF it ain't even possible :P
I like both companies. This one just has a lot more upside. As an added plus, we can be comfortable that the SEC won't halt this one for no reason.
Very nice! Great work!
Aw, missed that!
I'm trading other stocks, but I'm building a rocket ship to the moon with STEV powder. At this point, I'm actually rooting for the stock to stay put so I can keep adding. My trades are rivers that lead right into STEV Ocean! BOOOOOM
VEGAS! $TEV!
I don't think the ask ever got into the 7's, but I got a good chunk at .08 :)
That facility is a BEAST.
Every stock can be for flippers and swing traders, it's all up to your style :) The important thing is that a stock creates higher lows when it does go lower, and higher highs.
It looks like it was steadily climbing on the TSX, up to .075 cents, before they stopped trading in April and moved the listing to the CSE, and when that happened it started trading on the CSE at .05, dropped to .03, then steadily climbed to .115. This thing just plain looks like a beast all around. Brand new company, under the radar, at the end of a textbook correction and ready for the moon.
Until then: Sell us those cheapies, George!
Eh, let the shorters short. Any popular stock will have people playing on both sides of it. But anybody selling short at this level is nuts.
I don't have private messaging at the moment, but thanks! Glad to be here!
It's just inevitable with OTC stocks. Anybody selling this stock short has done well since Thursday, and anybody selling short for much longer will do very, very badly. People make bad trades on both sides of the coin. Regardless of the day to day price action, this is still a company that's doing very exciting things and appears to have a very bright future, and the price will be just fine. I didn't notice this company and do any DD until it was already making huge gains, so I was hesitant to jump in until it pulled back a little. I think a lot of people were doing the same thing. This actually reminds me a lot of how AT*BF acted when it was sitting around .14, all the information was out there, but the price just stalled around .14. Then, with no real catalyst whatsoever (except maybe a mention in a writeup of upcoming pot stocks), it just ran to 2.50 out of nowhere. This market cap, for what the company has lined up, is crazy low. There's a whole lotta upside here.
I'm truly at a loss as to why you're upset. It doesn't make any sense. Should I have not spent money on this stock today? Do you not want anybody else to, because they're stupid?
What used to be resistance, yes, and sometimes that resistance is tested when a run undergoes a correction. I'm shocked that anybody invests with the expectation that uptrends are straight lines.
After a good run up, the price needs to come down a bit before a new dog pile of buyers start piling in. Trust me, I'm not the only new person noticing how this chart looks. Give it a couple of days.
The chart looks fantastic, it's just screaming upside. A chart like this, combined with what we know is coming, makes me very happy. I hope we churn at these levels a bit longer so I can keep adding cheap shares.
Hey all, I picked up 30k shares today, liking this chart a lot. Last big move up was a textbook impulse wave, and the correction is now sitting right at a 38.2% retracement of the .125 high from that move, which also happens to be right where the 4th wave of our move up terminated. So... it looks pretty awesome right here. This thing is still massively under the radar, I'm happy to be holding it!
Cool, thanks! I'm not anti-dilution, just wasn't sure how it was reflected on financial reports, that clears it up! Our O/S still rocks, no complaints there, I added a bit more today.
Total newbie question here, but do you know how dilution looks on a financial statement? I've seen dilution surprise people and negatively effect the pps of a few stocks as of late, but I'm not really too concerned with that happening here, since I'm pretty sure this board this owns about half the shares and we all know about it already, haha. Just curious as to where it would fall on there, and whether it'd have any effect on our bottom line. Also curious to know if that'd count as positive cash flow, because if so, with an estimated 12 million shares diluted, that'd be a considerable chunk of change added to the already awesomely lucrative doubled harvest.
Wow, I don't think I've moved a stock price before with 1.5k. Geez this thing is thin!
That should have been "ask", not "bid". Not getting rid of any shares, haha.