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There are not overnight gaps, but there are definitely volume/time gaps where there is very, very little time or volume spent at that price point. The crypto markets which are open 24/7 illustrate this concept well. They technically never have gaps, but they still practically have gaps with very low volume and low time parts of the chart. And prices tend back to those areas to fix the charts. Even big board stocks have these large empty areas on the chart where there is no technical gap, but yeah there's a gap that the PPS moved quickly though without stopping. And a healthy chart will go back and fix and retest those gaps before continuing on.
CANB has a practical gap between around 0.0525 and 0.065 or so. I have bids in that range, so I hope the chart fixes that low-volume, low-time gap in short order, but I realize mania can override TA with ease.
It's really funny that this was the first post I read after thinking to myself seconds before: "man, 100 unread posts on CANB, dwarfs all my other MJ faves."
No. It's fevered accumulation. It's moved from quiet sneaky accumulation into fevered accumulation as people realize they're running out of time to get size. Combo of big guys clearing the asks, and then slapping down to bids to let asks refill and noobs who chase. The volume of interest isn't there yet for the mania. This is just the pre-party.
Exactly. Same.
Your persuasive rational argument is so compelling, I shall sell all my shares. /s
Agreed that it will be dangerous in a few weeks. But knowing which stage of the season you're in is a core part of doing well, IMO. I'm also dedicated to not chasing, so flip becomes profit taking. Sadly my CANB stash is really small, so I'm just playing with this one, which changes dynamics and methods with small position size. My bigger plays are KGKG, SIPC, AGTK, UBQU, etc. Sadly CANB didn't get on my radar soon enough to get substantial size. And I can't chase decent size after 300% gain, that's nuts.
I sold 1/5th at 10s and rebought it at 8s and also sprinkled bids lower. It's not at the straight up phase yet. Just early noobs chasing and getting overly excited. We don't have level of attention for sustained run yet, still in high volume, erratic price, accumulation pre-mania.
Nah, it's noobs getting excited and chasing it and then getting scared and dumping. Don't chase or get rekt. It's finally waking up for major hemp/CBD push in September. But the attention is not great enough yet to sustain pace of impatient noobs. That will come in time.
It only works as part of a plan. Get emotional and sell too much and then buy back in higher and get rekt. But if you have a plan ahead of time to sell small x% of portfolio at x% gain, that takes the emotions out of it and makes so the swings don't nail ya. You can take that money and add bid support lower or you can move it to something else.
Wow, the people trading this crack me up. Sold a fat little chunk of change at 0.015 this morning and rebuying that and more with a stack of bids from 0.013 to 0.01. IDC what it does. Happy for re-flip of a small part or happy for my big stash for it to run again.
Everyone here selfishly says strong hands, strong hands, but you gotta take little % of your stash as profits on the way up. I regret not doing so last Dec-Feb.
If you're talking about mine, I pulled them last night.
While a majority of Republicans nationwide are in favor of legalization, it’s misleading to refer to Birmingham as Republican; it’s the bluest part of Alabama and is where Doug Jones got most of his votes.
Brilliant! Wish I had kept some powder for dip.
That’s likely because the shares are locked up and can’t be sold until a certain date, which I forget (April?). When that lockup date passes, your share will likely be converted to VATE.
I welcome shorts. More fuel when he gets squeezed. And I don’t want to see the condition of his shorts when that happens.
That’s correct. However, MJ stocks are just beginning an enormous catalyst-driven up-cycle. It is unclear when the next downcycle will be. It could be as early as the end of January or it might not come in 2018, but what is clear is that there won’t be another huge up-cycle like this again for some time.
I’ve been eagerly awaiting these for some time. Thanks for your work!
Sleek, how many shares of SIPC and VATE are floating? How do you find that out?
I own 18.6m shares, so I think 303m float is small.
Thanks for unexpected dip, grabbed 65k shares for a friend.
Lol!
If up 20% is dumping, I can’t wait to see your bull.
Very old news which is making unfounded guesses as to future. Actual news that came out of that was that Obama-era policies would remain in place: http://www.washingtonexaminer.com/justice-department-task-force-documents-blows-smoke-at-jeff-sessions-war-on-marijuana/article/2630701
I’m up 417% on VATE from my buys in the 2.7-2.8 range and this train is still building up steam in the station. Can’t wait to see what the future holds!
Exactly! Price is not the only barrier to re-entry, volume is too. These silly flash dips are a low liquidity issue in the pre-mania phase, which means that you also can’t scoop up meaningful volume on them.
Lol, I was trying in vain to slap those big Asks at -10% but I was too slow! Whales gobbled that up.
There are times in certain stocks/crypto where that works and there are times where it doesn’t. Catalyst-driven mania phases are the latter.
I used to trade like that until I realized how much money it was losing me by repurchasing higher chasing the candles.
I was trying to slap Asks this morning on the pullback, but people kept beating me to the Ask and I never managed to snag any decent volume.
Can a mod please unpin this rumor-post that is showing its age?
“It not like i'm guessing I worked on Wall St. and Ran a MULTI MILLION DOLLAR MUTUAL FUND before I retired at 38 so I have so a lot of experience.”
Methinks thou doth protest too much.
Ignorance is indeed bliss. You do not understand why you were in profit in May (or perhaps Jan if you purchased at the proper time) nor why you never should have held during that May-Nov time period nor why it’s going back up now. Once you discover the historical patterns of the catalysts, you will be able to make consistent profits without neutering them by not taking profits at the wrong time and then compounding the error by taking profits now when you shouldn’t.
10.3m locked down. Fox Business + MJ Mania January 2018 = To the Moon.
This absurd perma-bear schtick shows a complete lack of understanding of the dynamics driving this PPS. You may be right if you’re trading GOOG or AMZN or GE, but those patterns don’t apply given the dynamics pushing this price. I’ve been trading crypto for nine months and the hype-driven price with upcoming mainstream catalyst and small liquid float is an insane combo and is not a train you want to bet against. Sure, there will EVENTUALLY be a small dip on the way up, BUT it will have risen so much before then as to more than negate the benefits of waiting.
My friends’ money isn’t very much, but there’s gonna be a lot of folks like me at Christmas with families talking about how they made 100% and Jan. 1 hasn’t even hit and news hasn’t even started and there’s gonna be a whole lot of accounts getting opened and funded Tuesday to get in on this.
Believe me, I’d love to be wrong. I have a nice chunk of cash on sidelines waiting to buy any dips for quick flips, but my main portfolio is locked and loaded across 7 pot stocks and ready to soar.
I’m going to be slapping Asks on Tuesday. All my friends want in.
Exactly. FOMO panic buy is how this setup goes, not panic sell. I’ve lived through plenty of both trading crypto alts.
Yup, those noobs really start panic selling when stocks go up. LOL!
You’ve apparently not looked at the historical pot stock charts. Pot stocks in media blitz periods go straight up.