Feeding village children in Mindanao Philippines and watching my boy and girl grow up.
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I do not have a problem with the chart with SRMX. Both are attractive Acc/Dis charts. And SRMX has back tested the trend line and held. My problem is fundamentally. SRMX can't compete with HNRC fundamentally. HNRC has book value of $3.40 and projecting $20 mill in revenues for 2022. They are going to pay a dividend of .17 perhaps more soon. That is a yield of 37% to anyone buying here. It's apples and oranges imo.
https://stockcharts.com/h-sc/ui?s=HNRC&p=D&yr=2&mn=3&dy=10&id=p06624769927&a=1137982605&listNum=1
https://stockcharts.com/h-sc/ui?s=SRMX&p=D&yr=20&mn=3&dy=10&id=p06238099765&a=1137982421&listNum=1
I agree that it would be challenging with this low floater.
I agree with you 10,000%. I was just throwing that out there. If someone had 200k shares or more they could "play" with 50k to make 10% a day. Well, not every day for sure as it is hard to buy and sell 100k of this stock.
I only have 108k but if I had 200k I would probably play with 20k
Well, in reality they need to keep the lights on. For that they need to sell stock. To do that they need a firm pps. To do that......well, ....
Yep
It would have been nice for .26 to hold on that gap down. It is still same ol' same ol' The 50 day sma is resistance at .48 and .24 support.
I bought when it tested the atl .26 the other day. I was going to hold for a test of the 50 day sma in the 40's but when we made a new low I decided to cut it loose at .34. I still own 5k in my kids accounts which I will hold forever.
Yes, the chart is ooooogly. acc/dis looks like Niagra Falls
I am out except for 5k in my kids college fund account. I have already advised them that community college may be in the cards for them.
10% spread, albeit low volume because low float. But if someone had 200k shares, why not flip 50k when you can for 10% ?
Accumulation/Distribution chart on HNRC is much more attractive. Fundamentally HNRC also more attractive with book value of $3.40 and a dividend yield of 35% at this level and possibly more.
I missed an opportunity today because I did not have my bids in place. Somebody sold 100 shares st .40. With? I won't miss that opportunity again.
Dipped my toe at .27 anticipating a test of atl .26. It broke but with RSI at 30 I expect a bounce to the 40's.
Bid .39. Not nearly as bad as I anticipated.
Grip, I have been 95% out for awhile but only because of the chart. I believe in Leronlimab because I know it saved Misius son's life. There is still TNBC and NASH. I may take a stab at .26 ATL tomorrow for some but need the chart to turn b4 going heavy.
I care more about the future of the drug more then the company.
It is unlimited. :(
I was just told this is possible with foreign companies.
It is unlimited.
Thanks. I am searching for it. I just want to know how close we are to authorized max.
Do you know what the authorized shares are? I know there are 400 mill outstanding but I am just curious what authorized are. Or if anyone here knows.
Who was upset because they didn't?
I asked if anyone had a link to insider ownership which you provided. Thank you.
It is always good when insiders BUY stock. Unfortunately too many insiders are simply awarded options which they convert and sell. Not a fan but understand it's relevance
I have been doing this for 50 years and have heard this before. I gave up trying to convert people when I retired from Wall Street. But to those who wish for me to share the chart I will. For those who don't I won't. GLTA
Well it was the chart that drew me to this stock.
It has to bust through the downtrend which it tested today. Then 1.13 is the next resistance (200 day sma).
https://stockcharts.com/h-sc/ui?s=HNRC&p=D&yr=2&mn=3&dy=10&id=p29385183197&a=1129440552&listNum=1
I can not find any insider holdings data on HNRC. Donald Goree must surely own some shares or options or both. Anybody have any info on this? TIA
Record volume.
Dang. I wasn't through buying.
I annotated this chart to show the influx of funds which has been coming into the stock.
Notice both ON BAL VOLUME and ACCUMULATION DISTRIBUTION charts are straight up.
https://stockcharts.com/h-sc/ui?s=HNRC&p=D&yr=2&mn=3&dy=10&id=p29385183197&a=1129440552&listNum=1
Actually that was on my mind to do just that (after I get fully invested ;)
I agree. I wish they would announce a special dividend. I had worked on Wall Street for over 35 years and had never been exposed to a special dividend. It is constructed in such a way as to really fry shorts by not giving them a heads up to cover before dividend. It was beautiful to watch.
50k spread over 3 accounts
Sorry. Just me today.
Greetings. Much of the volume today was a result of my starting a position. After reading about HNRC's trouble with naked shorts and their initiation of a dividend policy it reminded me of a stock I was in (CRGP) which declared a special dividend which fried the shorts because the payment date came before the ex dividend date. The price spiked up before coming back down. It got tied up in court but the dividend stood. HNRC looks much better then CRGP did fundamentally. I do not understand how the pps can be so low on a company with tangible book value and earnings.
Thank you for that detailed post. I need no reminder why I still hold some cydy. The people we know who survived because of it is only reason I need.
Was this in Iceland? Brennivin is an Icelandic liquor.
I added today. Chart looking better. A close above 1.60 I add more.
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=0&mn=3&dy=10&id=p31890970200&a=1064755526&listNum=1