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They want the same as you, making money. Though they have more ammo and knowledge... Fear is taking place again.
I still look at a bullish chart.
Man, if you still believe in fairy tales like power hour, better don't invest.
Freeseas mentioned now on Crede's fabulous website
http://credecg.com/financings.html
10.5M$ as 3a(10) exchange
Can't answer PM's, Mister_Two.
But why give 12M$ in commons to Crede, let them sell all, and then Crede buying for 10M$ prefs...Stinky move if you ask me. Anyone else any insight on this?
Still very bullish here, but more mid to long term into 2014. The uncertainty if Crede is done selling or not in the last weeks seems to have scared a lot of investors/traders. Now Crede becoming investor and using its money to buy back convertibles certainly brings a lot of confusion and doesn't put the management in good terms. Then again, Crede wouldn't do it if they didn't see a higher PPS in the future and a recovering company.
For those liking the detailed prints: http://www.sec.gov/Archives/edgar/data/1325159/000114420413058414/0001144204-13-058414-index.htm
They'll sure have lots of voting power on the meeting.
The Investor may exercise the Warrants by paying cash for the shares of the Company's common stock or by exchanging the Warrants for shares of the Company's common stock having a value equal to the Black-Scholes value set forth therein. In the event that the Company's common stock trades at or above $0.65 for a period of 20 consecutive trading days, the average daily dollar volume of the Company's common stock equals at least $1 million during such period and various equity conditions are also satisfied during such period, the Company may, at its election, require the Investor to exercise the Warrants for cash.
The convertibility of the Preferred Stock and the exercisability of the Warrants each may be limited if, upon conversion or exercise (as the case may be), the holder thereof or any of its affiliates would beneficially own more than 9.9% of the Company's common stock. The Preferred Stock and the Warrants contain customary weighted-average anti-dilution protection.
Prepare for a modest explosion, guys. PM 11,22% up already.
Thanks for posting this information. Interesting.
I'm feeling a lot of sympathy for CERP, following tightly.
If anyone has news on this lawsuit, welcome to post.
Probably not much of a deal for the PPS, but it adds as motivation.
Thanks for the advice, flaflyersfan. Very well appreciated. I'm not in a hurry here.
Though I thought this can't be much more diluted than it already is?
I saw CERP's all time low is 0.011. Do you still see it going below this with their 2014 forecasts?
The cloud is just an indicator, one of the many pointing at a reversal. It's good to look at multiple indicators, combined with news and facts about the stock. All these factors resulted in a strong buy for me. When I saw this for myself as a strong buy at 0.42, all automated systems alerted sell and even short. I've checked them today, they all are switching to hold or buy. I've been one week wrong in predicting the start of reversal.
Nothing is guaranteed, but I give this a 9/10 chance doubling up in November from its recent 0.37 low.
Whether I will hold long will depend on the shareholders meeting.
I like the CEO and also what he does aside CERP.
http://www.scheerfoundation.info
I love the product and its potential/forecasts. I hope management learned from its fail the past years.
Skyline, thanks for the link.
I will look next week for a modest starting position. Seems a very worthy gamble, with way higher chance for winning than playing a lottery.
Looking forward to further developments.
Glad to read someone else sees the ichimoku cloud here ;)
I've thought for a while I was the only one using this since I never see it on posted charts on iHub, but I find it one of the better indicators.
GLTA!
glad to help. This has been a great day for FREE. So far it's going as I expected. Looking forward to monday!
Enjoy the weekend guys.
Hey guys, new to CERP. I've been reading a bit about it and this seems to be a tangible product with lots of future. Obviously it went wrong in 2011, but new hopes are back, especially in licenses/intellectual property as I understand?
Technically it seemed to really have bottomed here.
Any recommendable articles with good insights who might help me deciding to invest in this product? I love the idea, I see big potential, but I'm not yet familiar with management and the people behind it.
Those ramblings are my thoughts, but I'll stop sharing them after this last rambling. Seems I'm facing a wall here of die hard longs anyway.
The trendline (ADX) has been going up since end august, even when the stock pulled back, hence I bought. Now I see it going down for the first time since it reached the top of 0.9 (the zone when I sold at 0.85).
The volume today is VERY low. Barely 2M and we're half way.
It might reverse, I'm just not sure of it and sharing my doubts. That's all. I love feedback.
Enjoy the weekend. I'm off.
I'd buy otherwise and be cheering with you. Chart WAS a screaming buy. Not anymore. It's a potential buy to me now. The trend is weakening a lot (ADX).
Sorry Officerk, I never buy on someone's advice. I hesitate too much. I'm not convinced enough of a new big run and the chart is not convincing me either. I rather play safe than sorry.
Good luck though.
I want to see slowly rising volume here, yet it's getting worse and worse. Big spreads again, no action at all...Not really what I call a great anticipation of a new rally. I guess most took profit and are gone.
You are a few weeks too late with shorting. All the best for you losing your money. Don't forget your losses could be limitless.
Shorting now is like jumping in a pool without water.
Green actually means unknown trades.
Blue stands for buys and red for sells.
Don't ask me why they chose it that way. In my opinion blue and green should be switched.
Here's some reading for you. Not much you can do about as a retail investor, but to watch the show. Just always play safe with (tracing) limit orders.
http://www.investopedia.com/articles/financialcareers/06/mmakertricks.asp
momo, your posts have no value here since you are more like a yoyo when it comes to sentiment.
Lots of trickery do going on between brokers and MM's. All those 100 blocks...So far no big sell blocks...And see that ma50 flirting with the ma200. Gonna walk away for a bit and look back in an hour.
We will see soon enough if it reaches 0.4. So far, I'm liking a lot what I see, but will be more at ease when I see it breaking the 4's without a big sell block pushing it back to the 3's.
Bulls coming up in related companies. If the dilution is truly done here I don't dare to imagine how hard it will go up. DRYS premarket is going crazy.
And I'm not the only one seeing a reversal in the whole shipping sector. FREE is, like the author wrote, one of the underdogs with huge potential (and highest risk of course).
http://seekingalpha.com/article/1789132-changing-tides-global-shipping-is-setting-up-for-a-ferocious-bull-run
2 consecutive harami crosses. We have another indication for a major reversal here. (although I honestly don't put any hope on candlesticks, it does add to all my other technicals)
The OBV also held very well the last week.
Do you see what I see? Or am I just imagining it?
http://www.investopedia.com/terms/h/haramicross.asp
Probably like usual, a nice (and probably last?) drop at the end of the day with remaining shares to sell.
It's you're or you are, Officerk. Explain why?
That's simplifying all I said. Come on. It is part of my list, yes.
We are looking into the future here. So webshops and their functionality ARE very important.
Ok, let's compare prices and not look too much at the technical side of a website:
http://www.ehydroponics.com/hydrohut-silver-edition-grow-tents-hydroponics.html
vs
http://www.greners.com/i/grow-tents/hydrohut.html
Same product, both US located. Who wins in price?
Growlife will have LOADS of competition. Google and you will find plenty. Opening new stores doesn't mean they will generate revenue.
Don't blame me for being critical. You guys invested and will of course do all you can to defend PHOT. I'm on the sideline, interested enough and look at both sides of the medal. Probably I'm less biased than all you holders.
I can imagine. Look at the difference with this new growshop, which I'd call promising (not in US, but referring to quality and business marketing difference) http://onlinetopgrowshop.com
See how it responds great to mobiles and tablets. This is a website following its time and targets all possible users.
Growlife and their related websites are so outdated. These are moves I'm waiting for to become an investor here and not a trader.
I surely hope it for you, Officerk. After all your daily hard work on this board you deserve some candy.
And if it is, I'll be the first to congratulate all the longs here.
I'd rather see happy faces than disappointed ones.
Good luck! I'm off to focus on others now.
I am listening and reading, yet forming my own opinion instead of following the herd. When watching Alan B's vid, you can say I'm awfully close with his opinion.
Remind you, I have been playing PHOT and secured already 100+% profit.
In September I was sure I would make profit from 0.4, now I'm not anymore at these levels.
I'm not bashing this stock. I've written plenty that longs probably are good till 0.12.
I'm just critical and weighing my options here. Here to make money like all of you.
It's not said that Growlife's stores will boom and generate profit instantly. This will take time and great management.
Officerk is convinced of that, I'm not. Certainly to invest (going long without looking at the chart every day) in it I need to see more proof.
He's a lot more realistic than some on this board. Just like him I'm willing to buy in the 7ish zone for a max 0.12 target (which I often mentioned in earlier posts).
PHOT has still a lot to prove. Let's see how it turns out.
No. I don't live in the US and I admit I have no idea how big this impact would be. Where I live it has been softly tolerated, yet we have as much users and growers than where it's legalized ;)
We just don't care THAT much about the law. Certainly marihuana users don't.
Totally different culture so don't bet on what I don't know.
I give this the benefit of the doubt, Lombardi.
But it's not enough to convert me into buying.
Since everybody is expecting so much about this coming ER, there's also a big chance it might be a disappointment.
I've recently sold a big board stock just before the earnings report because of the same reason. Everybody cheering about how great it would be and when it came out, it was disappointing.
I'm honestly just sharing my thoughts. If this creates fear with some, then those should think twice about themselves and their investment.
sideways until the last shares are dumped. MA50 and 200 are flirting constantly on intraday.
Definitely staying out for a while. Too big spreads, low volume...PHOT seem to have lost its hype for a while and is not getting over that 0.9 without it. Scary for people wanting to get in.