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Hmmmm. EOD rally anyone? That could be fun.. :)
Are you swing trading this? As long as you're not insistent on flipping it in a matter of days and you're bullish, you made the correct call IMO. Buying in the 0.17's vs 0.16's isn't going to make much of a difference, and the insurance of having your position now to prevent the risk of jumping on a rocket later (or missing it completely) probably outweighs the risk of seeing a drop back sub-0.15 sometime soon.
Again, JMHO and how I'd probably play this.
Looking very good for next week. $3 OGI is probably coming.
Yes, that's a nice stack at 0.175. Looks like I called this one wrong. I was thinking we'd finish at something like 0.158 today, just below 0.16. Sure seems to be heading in the opposite direction with strength.
Yeah this is starting to look like a close in the 0.15's to end the week. Elsewhere investors are talking about investor relations voicemail being full. Hopefully that means they're extremely busy getting this company rolling and trading again on the CSE. They just can't afford to just sit in the mud until Spring..
imdcompaniesinc.com loaded up for me. Are you talking about a different website?
After following this for so long and reviewing the recent activity, I feel it's highly likely that at least 1 (or more) of the following is (or in the case of #1 will be) true, which at some point should propel us much higher:
1. Abattis will capitalize on it's NV license and other proprietary technology and methods
2. Some tycoon, perhaps an individual or company with future takeover aspirations, is patiently accumulating this in chunks
3. Someone is having an awfully enjoyable time manipulating the prices and cashing in, over and over and over again.
JMO
The dip below $12 had me a little squeamish, but it recovered rather quickly and the charts are setting up nicely. I think we'll be trading in the $13's within a month.
Long time bagholders and new investors sub-0.15 both have incentive to sell. I'm holding, but as a long-timer with an average that's still in the red, I'll confess even I feel uneasy every time this dips from a nice run. When you've been playing the Abattis game long enough, you always hope it's not the last time you'll see a certain price.. with an understanding that even if you do see that price again, it could be weeks, months, even years. So, FWIW I understand why others in my position would wipe the dust off some or all of their shares and sell to be safe.
Also, the run-up is still largely a mystery anyway, so there could be any number of reasons this is down.
If it follows the same pattern again, OGI should reach $3 again or come pretty close in a week or so.
Tomorrow should tell us more as we close out the week, but maybe we've found a bottom at 0.18 after all?
Hey there's a little action. Looks like we may be climbing out of the hole.
That doesn't make any sense to me. CSE: ATT is still halted. Probably just an error with whatever is retrieving and displaying the data on that site.
Yes, held up pretty well today. Sure looks like it's forming the bottom.
Considering it, but I'm concerned about the larger trades we've witnessed today. Large blocks of about 150K shares are being sold at the low end. It's starting to look like eager dumping.
Ugh, another dump sending this to new 30 day lows of 0.18 flat. 80K this time. Next level of support is about 0.15. That's probably where we're heading next.
Interesting analysis, thanks. I would be biting my nails off if I was caught with a short position in CSE: ATT right now.
Interesting, thanks. I'll see if I can dig it up. We briefly discussed this last Oct, but since then, you haven't come across anything suggesting he's still connected to Abattis in some way, have you?
EDIT: You're right. A PR was released on August 31 last year announcing that Withrow was being replaced. Funny, I don't think his LinkedIn profile reflected this until a long time after, but that's not a very reliable test anyway. :)
You and I are in the same boat if you've been waiting 3 years and joined the Abattis train in 2014. The only difference is at 0.20, I'm still a little in the red.
You're right and the 2014 club has every right to be skeptical about this run. 3 years of reading fluff that never materialized, all the while management continued to exchange money and tout acquisitions and PP's. The only real development has been the Northern Vine license, or so it seems. Something is going on behind the scenes, and I hope it's not just a selloff scheme. I also hope they finally get their act straight. Patience is always going to have its limits.
I revisited the Mike Withrow connection last October and didn't come up with anything very insightful. Maybe someone else out there can help connect the dots, because there's still something fishy about Mike / Abattis / GrowthStar LED / Arcturus that might impact the game today. Here's the short of it.
Mike Withrow, the former beloved CEO of Abattis, is currently Chairman at Arcturus Growthstar Technologies Inc, CSE: AGS, and OTC Pink: AGSTF.
This is essentially "GrowthStar LED" if you're familiar with them from the past. GrowthStar LED posted some experiments with LED technology and other setups that resembled Abattis' Biocubes in early 2015. This led to quite a bit of speculation that Abattis was moving towards something bigger and about to make an exciting announcement. But it just fizzled.
One could further speculate that Mike was hoping to join the forces of Abattis and Growthstar together into something more long term, and for whatever reason, it just didn't pan out.
I’ve never been able to confirm if Mike Withrow still has a significant amount of Abattis shares or if he's still associated with the company in any capacity, whether as a backseat managerial role or consultant etc. Lots of unknowns but a feeling I can't shake that there's more to this story.
Holding pretty well. This stock loves to bounce off $1.95-2.00 and go for a 10-20% ride. Hoping to capitalize on that this time around.
"Loan to "TerracityLawrence LLC of $100,000 written off."
From Bloomberg
Early morning jitters? Less than 100K shares brought this back to 0.19, and a few minutes later, we bounce right back up. I was a little worried at first, but now that 0.22 is looking quite strong.
Getting close to 1M volume already.
It looks like it may have found a bottom again today, and it's bounced from these levels before. I'll take it on the higher value/risk opportunity and hope for the best tomorrow. Just hoping it never touches the nail biting 1.80 levels on the U.S. side again :)
Not too shabby. Not only did 0.22 hold, we have a new 3 year volume record at 3.1M.
Hope everyone out there is having some fun with this, especially those of you that have been waiting for over 2 years and felt like you might as well be watching paint dry.
I couldn't tell you for sure, but if he's voicing any opinions about Abattis now, I'd guess it only appeared back on his radar again very recently. I haven't been to his site or forum since late 2014, but I was receiving his "Daily Dab" emails for quite a while after. At one point, Abattis was completely clipped from his list. I think this was shortly after former CEO Withrow departed.
My deed is done :)
I doubled up. Let's hope we move north of $2 (OGRMF) without touching $1.80. Otherwise I'll have to leave the party and join you folks another day.
Welcome back! Yes, and people like you and me with our deficits in the 1000's when this thing tanked in 2014 were only the tip of the iceberg. There was a fellow that followed Alan Brochstein (420 investor) and posted on his boards, and I think I remember him having 60K something shares and his average buy in was in the mid $1 range. What I remember more specifically is the calculation I made at the time, and found that he had about $100K of his money tied to Abattis' fate. He was part of the group making comments like "Why didn't I sell this earlier!" when ATTBF was down to the 0.30's, so unfortunately I think he got smoked. He wasn't alone either.
Not that I enjoy being down money or ever want to live by excuses when investing, but it could have been much worse for us and given the circumstances, I can't help but sympathize with some of the more aggressive chasers in 2014. Glad I didn't get caught up in that.
I'm thinking about going double or nothing on this one. I bought OGRMF in the 1.60's and am still up a nice 20%. Might double my position with the new price at $2.00 and set a stop at $1.80. If it flops, at least I break even and walk away without a scratch.
This revisited a long standing support level today and held up just fine once more. I'm thinking it's still solid and once the anxiety clouding this company lifts, we could go back to mid 2's pretty quickly (again, I'm referring to OGRMF pps).
Some large buys propelled us to 0.26 and beyond, probably a little too quickly. We're talking half of the day's volume in 1 hour. After that, you have a couple 1000 shares here, 10,000 shares there sending it back down to 0.24-0.25. I'm not as concerned about the weaker activity. New support at 0.22. If it can stay above that for today, I'm happy.
GL. I'm tempted to do the same, but don't think I want to swing trade this. Not yet anyway. It's still largely unknown as to why we're seeing it blast into the sky.
I'm going to start carefully analyzing daily % gains relative to volume as well. The previous 2014 run-up of this stock and many others during that era showed a similar picture. We don't want to get too carried away just yet, but if we keep seeing 25-30% gains with the same or increased volume, prepare for liftoff into outer space, captain.
I had to go back a long way. The slow down at 0.22 can actually be expected as a resistance level from back in late autumn of 2014. We're dealing with a penny stock 2-3 years ago, so yes, I'm well aware that has very loose implications. It's looking like we're getting over that hill right now, and I hope so, because next level is pretty much 0.30 on the dot.
Showing a lot of strength almost 2 hours into trading. I'll need to go back a long way to find new support levels if we push toward 0.30 and close in the mid 0.20's. This isn't just a 52 week high. It's more than 2 years.
If history repeats itself, total volume at EOD will be a little shy of 2M. About 1.7M maybe. Let's see, I'd love to see us get over 2M again.
I wonder if Benson will return. He brought up some interesting rumors he heard about ATTBF last Oct. Every man can speculate for himself or debate whether or not any of this holds any water. Interesting nonetheless.
Note: I earlier confirmed that when he mentions the price in cents, he is referring to the CSE (canadian dollars) unless "US" is specified.
Rumour number 1:
A large company is sniffing around this and others looking to take over but they can't do it at anything under 75c (can't say who it is as I said I would not).
Rumour number 2::
A LARGE investor has started nibbling at the shares slowly, hence the quick increase in price.
Rumour number 3::
Insiders are pushing the price up to force momentum in order to secure more funding form a third party and to make themselves some money.
Rumour number 4::
They want to get this up to the next level and that means it has to be at or over $1US for a period of time so they are buying it up.
Once it is at the next level easier to sell or make more funding available.
At 75c there will be a big announcement of staggering proportions which will rock this to the core and case a huge spike in a very short time.
Talks are underway to appoint a new CEO who will take this forward to the next stock market tier.
Sure. I've been holding since 2014, added substantially to my position in the 0.13's and decided to make a stand unless the charts and news started to completely forsake this company. Thankfully that support at 0.10-0.11 held very nicely, or I might have bailed.
We approached this the smart way, and didn't get too greedy. I could have increased my ATTBF holdings, but I have the majority of my money in more stable stocks, some paying dividends. It's all good.
Wow, heads up everyone. This thing just crashed through 0.20 like a tank roaring through a glass wall. Not completely confirmed yet, but it's looking like 0.18 - 0.19 resistance is finally dead and done for.
Yes, my charts show the same thing. And this gets very interesting...
We had 2.6M volume last year on Oct 4, which was the day this stock came back to life and rocketed from a nickel to nearly 8 cents. Another 1.7M day followed that day, pushing it well past a dime.
Going back another year, 2015, was nothing but cricket chirps.
That takes us back to early 2014, during the MJ stock mania. Plenty of 2M+ days occurred, but I'm only seeing one other day in ATTBF's history that traded higher volume than today's 3M. That day was March 19, 2014, when this stock reached a high of 2.78. Volume was incredible at 6.2M.
Things to keep in mind...
Comparing this to the past, especially 2014, only means so much. It didn't take into account the volume traded on CSE. Also, right now, CSE is out of play and anyone wishing to seize shares is forced to trade on the OTC. Naturally, volume is going to be higher than usual for ATTBF versus CSE: ATT.
Yes, that makes sense. Especially on highly volatile days, I've encountered some odd behavior when attempting to fill ATTBF orders on Scottrade. Even after the mania, it's been weird. Last year, I think I placed a buy order with a limit of about 0.14. An order at 0.135 and some change filled about 10 minutes later. My order just sat there.