Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yeah it's been retracing hard - up to .19 now.
LOL -- we are SO going up over .20 today. Future looking good guys!!!
THE RETRACEMENT CONTINUES~!!!
.183 X .184
HAHAHA -- bring on that retracement boys -- all the way over .20 today!!!!
really?? I am showing .172 x .173.
Looks really good here guys. This could pop up to .20 just today.
Stock is breaking out.
This isn't hype. It's the facts.
It looks like it is all coming together here. Between the news, favorable write-ups, 5 stocks to watch in 2017, legalization esp in CA and NV -- it is like a perfect storm and we are right in the middle of it.
Looks very very good for all of us!
Your guess is as good as mine. But it's going to get there.
Near term though, we should challenge .25 very soon.
not bad -- the article should only help us going forward.
Friday was a major reversal day. They have the largest greenhouse in Nevada under contract and are diversified to capture a good chunk of the Nevada/California market.
I think this goes over 1.00.
Sure there will be volatility along the way - that is to be expected. Looking at other cannabis charts - they are all very similar to MCIG chart. You have this huge crest in 2014 followed by a sharp downfall to 2016. Now they are rebounding very very strongly. They ARE all correlated together similarly although not exactly.
Now the question is where does it go from here? Does it go back down to .02 or does it explode back up to 1.00? I think it goes back up bigtime because all the factors of CA, AZ and others legalization puts this in the daily news and drives all former projections out the window. Overnight you probably increased demand ten fold.
We are on the ground floor of something very big. Some don't want to believe in this just yet - that's fine but they will come around as this explodes upward. Very excited to see what the next several months bring because I think there will be a lot of happy people here. GLTA.
Sure - I understand all that but from the looks of things this rises and falls with the rest of the cannabis industry so you are kind of investing with the industry news prob as much as the company itself.
I believe forum posts prob reflect the share price more than influences share price but it's a good gauge to see where investor sentiment is at. A few days ago Trump was elected and everyone bailed on all the MJ stocks but I think they bailed for the wrong reason and they did not take into account on the legalization in several states, which is astronomically huge.
Right now we are in the construction process still in development and investments here are based on the potential. This is a growth play not a value play.
Have you been in this one awhile?? What so you think about the potential here??
Bubba - are you in??
MCIG was #6 of many cannabis stocks on Friday as far as percentage gain. Still have a long ways to go but this stock will ebb and flo with the rest of the cannabis stocks until production can begin.
I think the shock of Pres. Trump being elected penalized the cannabis stocks for a few days but that should be the bottom. We should continue to rise as more money comes in as investors see the huge growth potential. We have new states legalizing MJ, but the big ones for MCIG are CA and NV. That is huge for this company.
Very excited with the nice pop on Friday but we should go a lot higher. Hope you, me and everyone else makes a ton of cash here!
Huge opportunity here! With CA, NV, MA and others legalizing cannabis, this just went from a 6B a year industry to an estimated 35B a year industry. This type of growth is off the charts, one that you do not see very often and one that you will be kicking yourself if you miss out on.
The markets misread how huge of a deal this was and because Trump was elected, punished all the cannabis stocks across the board. This opens up not only the tremendous growth opportunities, it gives everyone a good price opportunity to get in and make a lot of money especially now.
MCIG's massive facility in NV comes in at just the right time - especially after NV legalized it. The products will be flying off the shelves faster than they can put it out. I can't think of ANY other products that will have this type of demand.
So if you are contemplating whether to get in or not, I strongly urge everyone to consider investing here or adding more if you are already in. From here, if things keep making progress, you could easily see .20 near term and a lot, lot more upside from there!
Good luck everyone!!
ALL - IN - Count me in - I bought a bunch for the first time this morning. Good luck!!
Just looking at this - it looks like this is an explosive growth opportunity. With Nevada, California and others legalizing cannabis, this should be able to create tremendous opportunities here. The demand is increasing ten to 100 fold overnight.
This is a once in a lifetime growth opportunity here. The demand for the product is increasing literally right off the shelves. The new facility should be able to increase production dramatically.
I would think this doubles in value very easily with potential for much greater returns from there.
HUGE POTENTIAL HERE!
JETSAM - supposedly the CEO is taking it upon himself to do everything he can to swing the election to the candidate of his choice.....from what I am hearing anyways.
I got back in with a small position - I think you may be right. The stock has been pretty quiet and I am looking at adding more if things get interesting. Again, it's still all about the sale going through but if we can clear that hurdle, I will add a lot, lot more! Watching this closely as it will probably fly over 1.25 very quickly when it is ready!
Good luck all!
Hearing some rumors from a friend who knows - buyout is imminent, probably this week. The sale will probably be in the upper 20's around 28.00. Word is Dorsey didn't want to sell before the election but this is a done deal. Not sure who is buying, but there were 3 interested parties involved.
This is why DIS and TWTR both declined comment - they couldn't say anything as this deal was being worked on. This is also why he was forced into the layoffs and shut down Vine, even with positive numbers.
Of course never trust rumors on message boards, but as I watched the strong buying Friday, I think this may have merit. Large blocks were going through even over 18.00 which had previously been a wall.
Keep a very close eye on this one Monday - if these rumors are true this could really take off. Time will tell, and good luck to everyone!
Just checking in - I was in this a while back. Really had high hopes for it, hopefully you can all make some money on it. This is a tough game! I still think it may pay off for you! Good luck!
MM'S are doing their best to discourage flippers. If they let this run - it could go up to .05 pretty easily but it's like they want to hold it down. They are particularly nasty on this stock.
Should be a much better day today for all of us longs!!
GLTA longs -- maybe we get over 3.00 today!!
This is still very cheap here - It was 8.00 a week ago.
Shorts better cover!
3.00 Today is imminent.
With the volume we are getting - strap on guys - this is going to be another good one!!
Some people on here aren't seeing the big picture. Eventually, this is going up to 10-15 a share. This is a very small float - even with the dilution doubling - it will still be very small.
The people in charge of selling the stock don't want to cash in at 2.79 a share - they know they can get much more than this if they let it take its course. This was an 8.00 stock not too long ago.
Patience people. This will go back up over 10.00. I can wait.
Amazing what one hatchet job from a 3rd rate news letter will do.
Looking for the bounceback today.
Loved the nice bounce we had off 1.15 as strong buying came and took it almost all the way back. I think we go up from here and we will see that 2.00 near term and 3.00 very soon as well.
Hang in there longs and let's move forward today!!
We will break out of this .0086-.0115 channel eventually.
Load up on anything under .01.
Looks good - strong rebounding every time it gets to .0086.
Looks like a stock going to 3.50 near term.
Love the volume - lots of buys coming in and more and more people discovering this company. Probably institutions starting to come in.
Looking for breakout over 1.75 today on heavy volume. People are talking about a buyout here, but I think we are just fine on our own. Keep an eye on that volume - and you might want to pick up some shares because it's really looking good!
LOL - Sunnyland what news were you expecting? The announced news came in just as expected!
For me, this was good news even though many expected it. We needed this to go through - the financing allows the company to move forward but it also legitimizes them as an actual company. In the penny stock world filled with scams and false promises, this company is delivering on its promises and it is moving ahead on a 135 million dollar deal. Revenues will be coming in.
You tell me how much that is worth. To me, it's worth a hell of a lot more than a penny. This company will be profitable very soon and it beats a lot of other companies trading that are bleeding cash with no hope for profitability.
Sunnyland - agreed. I think we continue the rebound tomorrow. Retail hit the panic button and sold for all the wrong reasons at rock bottom prices. Dr. Penny correctly called the bounce and the smart investors bought more at bargain prices.
It's still cheap below a penny but I think you are right - we go back up over .012 by Wednesday. I believe the dilution is over!
Transferring funds to buy more - unfortunately won't be in the account until tomorrow. Will load some more tomorrow though!
We are gonna come back guys!!!
I think you have to take what he says at face value - he had said earlier that dilution was 95 per cent done and he was not exactly sure when it was hitting the market.
He is now saying the dilution is over with as of last week so we should be done with any type of dumping although he was careful to say that it was out of his hands when it actually hit the market.
I am not sure of what games the MM's are playing but I still believe this is going to have a nice run on the news and looking for a good pop. The news should be pretty good so hang on and I think you and your investment group will get that .02-.05 target you are looking for!!
Investing is a tough enough game as it is, but we have to take the emails we have been getting as truthful. If not - that would be fraud.
I DO think the company is going to announce something very soon and I do think good news is on its way regarding the financing. The IR department has to be careful in what they say to investors - they can't hand out inside information but they can't peddle fraudulent or misleading information, either.
My take: The company is trying to get financing together to begin operations building houses and it looks like they are close. I am willing to give them a little time to get this together and hope to hear something positive in the very near future. On this stock - it's going to be all about the news because if we get it - this should really fly!!
Good morning BA - CONFIDENCE IS HIGH FOR A MOST MEMORABLE WEEK!!
XJ
Good to see some new people on here! Gizzer - the company met with financiers in Milan over the last week and we are awaiting details on a 16 million dollar financing package. This will allow the company to start building homes in Jamaica - its a 135 million dollar project.
This deal will legitimize us a company and provide revenues going forward. We have waited a long time for this - we strongly believe we will be vaulting out of a penny stock very soon and get to see some nickels and dimes very soon here! Good luck!
There is a strong buzz here. Over the weekend - I can see the sentiment is very high. I think a lot of people are pretty excited to see what happens this week. Strongly tempted to raid the savings account and buy a little more the next couple days!!
Hopefully we can get that news that will get this company rumbling. This could be a very special week for all of us and hopefully our patience will be rewarded soon!
Let's rock the house!
Someone said the company would like to put out good news at the time with the most impact if possible.
You've got me stoked! Really hoping this plays out well for all of us. We have a lot of good people on this board!
This is all exciting stuff, for sure.
We will get a major catalyst when the news comes out for the financing deal. This immediately legitimizes this company and we can start getting the job done. When this happens, this is no longer a one cent stock anymore - you start talking nickels and dimes and beyond.
Another catalyst not to be overlooked is the hurricane in Jamaica. Everyone who is watching the news will see this and it puts the homes in Jamaica in the spotlight. We are in the perfect spot to capitalize on this as we are investing in a company that will be building homes as they try to put everything back together.
From the sound of that email, it sure sounds like something good will be announced this week but one can never be sure. The stock acts like it is getting ready to explode. It's sitting at 211 degrees and just needs one more degree to start to boil.
Obviously we are still getting the financing together, but the hurricane will undoubtedly bring Jamaican housing into focus. It will be seen as a pressing need. This can only help us.
Strongly believe this is going to really explode and run at any time as most on here do, too.
I thought they went to Milan to get the financing done. What counter offers are they talking about - do you mean just trying to get the best financing deal???
You guys are right - this stock is not in play and might not be for some time. This could change with a new catalyst at any time though and keep it on your watch list.
This was probably my best investment over the last month and there were plenty of good swings to play but the momentum was lost as soon as doubt from the lawsuit came into the picture. Without this momentum it will be hard for this stock to pop but again this could change.
I ended up taking a lot of my profits and put it into ASCK - a penny stock with huge potential if it can secure 16 million funding and right now it's looking very good. Check it out if you have some extra cash!