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Yes, it turned back around. Glad to see we finished up near the high end of the day. Really hoping this run-up can finally break past $0.18.
Damn. Maybe I just jinxed us. Sorry.
We blew through resistance at $0.14. Crossing my fingers and hoping we don't have to fill the gap again, because the next level is about $0.18. If we can fly past that, ouch! The sky is the limit and anyone shorting this is going to be smashed to bits.
What an explosion! Do we know anything beyond the Feb 3 PR?
Suddenly my average buys last year at $0.11 don't seem like such bad decisions after all.
Withrow, BioCell lol. I remember those days.
After Withrow departed, I'm starting to think the remaining soldiers sitting in the ATTBF camp realized they were pretty much finished unless HC came through with a miracle. In the mean time, Rene David held up as many future possibilities on a stick as he could, buying time, hoping that something would materialize. All the while knowing full well that all those deals, subsidiaries, license applications, and you name it could end up amounting to absolutely nothing.
Then look who busted through like superman through a steel wall in the nick of time to save the day? Northern Vine. They achieved a victory with HC and everyone suddenly realized last Fall that Abattis actually was NOT dead.
There's a lot missing from the new Abattis site, and I won't be the slightest bit surprised to see some of those companies and partnerships remain missing. I'm willing to bet some of them are on the line to be buried for good, worth nothing, with very little to no opportunity to generate revenue.
Yep. Seems like we have the same hunch. I wish I didn't, but I do. It is what it is.
That's pretty heavy volume falling into a red hole. I can't say MMs have no part in this, but I think there is some dumping going on that is completely unrelated to MM shenanigans. JMO.
Support was evident at $0.28. There really is no clear support line until about $0.12 and considering this is a penny stock, IMO that doesn't even weigh in much here. This could flop into the low teens pretty quickly.
I feel bad if anyone loaded up. I bought a very small slice of the pie last week and I'm obviously now glad I took a conservative approach here.
It's one thing for a stock to move in the opposite direction, but something here is starting to really stink.
Someone is dumping, dumping, DUMPING.
Natcore fundamentals showed some promise of that jump to $0.30 being more than a pump and dump kickstart. Watching this fall apart in less than 24 hours suggests otherwise. Those charts are just ugly. It's not a slanted hill. It's a hole.
Minor level at 0.4 but if we can bust through major resistance at 0.5, don't be surprised to see a quick rise to $1+. Already happened a few times with this stock, albeit more than 5 years ago.
$12.50. Right in the middle again. This see-saw between $12 and $13 has haunted me ever since I bought this stock. At least it's retained its value.
Thank goodness at least the dividend yield was nearly 7% for me last year with the special div.
Unfortunate that this year's special div is especially underwhelming.
NTCXF needs news to move. Here's to hoping February lights it up.
We're coming up on one of those weeks that's feeling like it could be pretty dead and boring. What a wonderful surprise it would be for ATTBF to put out some newsworthy PR. Yes, I know what you're thinking. That's why I said "surprise."
Just sitting in the same place, bobbing its head up and down at the dime marker.
That's what I wanted to see. A close above 0.30.
It was pretty clunky at times around the beginning of the "Great Recession" when I first joined up. I certainly remember that. Haven't had those kind of problems until today.
Got my order filled. Stop at $0.25 seems prudent. We'll see what happens.
Thanks. I'm pretty sure now it was just a temporary glitch with their client interface. It was "Not available" with "No stock found matching," but now I can retrieve everything.
I wasn't able to get a quote for NTCXF this morning on Scottrade. Anyone have similar issues?
It's available now, but I've never run into that error before.
Appreciate your response and enthusiasm, and for what it's worth, will take it into consideration once I have a chance to dive into the fundamentals. That said, I always assess at least a 2x dilution measurement into the mix for any penny stock. It's saved me far more often than not. It seems no one ever wants or expects dilution when playing these stocks, but it happens.
Interested in hearing about this as well from other long-time Natcore Tech watchers.
I'm in the same boat. Received a PM but cannot PM-reply back.
My simple rule of thumb with anticipated dilution? Take the current O/S and add a min multiplier of 2x or 3-4x if you want to be more conservative. With your adjusted O/S, is there still potential value and room for the stock to run up in 2-3 years? If not, run and don't look back. If so, pound the fundamentals, and if all looks good, eye the charts and find your entry point.
Hilarious!
This stock is less than a penny away from returning to its original value around the time the MCIG spinoff was completed. We're talking very early 2015.
I was not expecting this stock to make a comeback. I don't have much, but it's a nice little bonus sitting in my account that's actually worth something now. Can't complain! :)
Sure seems that way. Also seems he made a nice pile of green off it. I really hope he's more interested in building the company that creating a perfect buy low, sell high environment and hitting "Repeat."
Agree, though "eventually" could be a long time. Maybe I've become too much of a pessimist, waiting since late 2013 for a real pulse, but it sure seems the U.S. is going to lag behind Canada for several upcoming years.
BTW Happy New Year everyone. 2017 is probably a year of excitement and hype for this industry, both of which could send ATTBF and other MJ stocks flying high.
Never any guarantees, but the stars seem like they may be aligning. GL.
That information has become quite repetitive, I'll give you that. A few different spins on the same content isn't going to attract million dollar investors.
That said, you could also argue he's staying in communication and showing he's more committed to spreading the word about Abattis. Either way you cut it, that's better than the long periods of awkward silence we endured last year.
Interesting. Looking at the last part of that article:
http://www.1000islandsganchamber.com/m/donald-trumps-stance-on-marijuana-could-cause-discomfort-for-canada-professor-says/
"However, some say that Trump’s opposition to pot could actually help Canada’s industry.
U.S. companies who want to do research on marijuana’s medical applications face plenty of hurdles thanks to the drug’s status. That could leave a big opening for Canada.
“It creates a window of opportunity for us to do research without competition from America,” Bruce Linton, CEO of medical marijuana company Canopy Growth, told Global News."
I was really starting to worry that I was standing alone on an island, maybe with just a few companions, with this sentiment. Trump commits to keep marijuana illegal at the federal level, ok. Trump appoints leaders to the cabinet that support the same stance, ok.
Long term, ouch, that's going to put a strangle on the North American MJ market collectively. We all know the potential numbers for U.S. sales if recreational marijuana is permitted to flow through the streets, so no point in harping about that.
Short-term? Congrats, U.S. You're going to sit and stare while Canada leads the way in research and innovation. Those companies stand to profit and jump ahead of the crowd.
I really don't think much has changed, especially in the short term, now that Trump is about to sit in the Oval office. The best strategy still seems to be buying Canadian stocks and picking the companies that have the highest likelihood of making a run before drastic dilution is necessary or they become irrelevant in the market and close up shop.
I sure am glad I went with my gut and ignored the contenders elsewhere suggesting OGRMF (U.S.) in the mid-$1.00 had risen too fast and couldn't hold. Suddenly a buy at $1.60 doesn't seem so bad. Fancy that! :)
We've got a rocket past $3.00 and excellent support in the mid $2's now. Charts suggest it's going higher, and the political environment is still showing a green light IMO.
Holding with a smile here. Showing profit early proved to be a great signal after all.
Right, the retrace never really bothered me either.
I'm holding into 2017. This was always about the future potential for me, not a quick buck. I don't see a reason to change that mentality at the moment.
GL I guess. You're playing a risky game shorting F here IMO. There was so much paranoia about Ford and other stocks crashing if Trump was elected president, and overall, the masses haven't reacted as angry and outraged as many predicted. Not counting on it, but this could potentially run back to $12.50 in a week.
Why? Curious what you're seeing.
Interesting how this ends up tying into Ford and why I chose to hold tight, regardless of the drop. I've had a couple colleagues (one of which wouldn't be caught dead purchasing anything other than American-made) specifically tell me they decided not to purchase a new vehicle, among a few other items, because increased taxes and Obamacare were sucking them dry. The new powers seem very interested in changing this and now appear to have every opportunity to do so. Long-term, no matter how you slice it, that frees up cash for the average American to spend on cars, trucks, etc.
It's been a bit of a drag the last few weeks, but I believe before 2017 is over, ATTBF is really going to move. Regrettably, it's slower than I hoped, but there is something to be said for patience..
I'll take the long-term dividends too.
Mm I don't know, I just don't feel it has room to drop that much further unless some disastrous news surfaces. That 0.03-0.05 price range was a period where most investors chalked Abattis up as a hopeless, garbage company that didn't have a shot in hell of producing anything or obtaining clients. We can say goodbye to that low level IMO.
Sure, there's going to be profit taking from the impatient and the traders, and without the momentum of PR's and research articles specifically directed toward ATTBF, it's not unthinkable for this to waver around 0.10, +/- a penny or so. Again, unless ATTBF completely falls apart or we don't receive any communication for months on out, I'll be shocked to see this fall back to 0.05.
Wow, what a fortunate dip and great pick-up level at 2.40. And here we are, back to the 2.70's. GL.
2.40 U.S.? Yes, hopefully! :)
Okay, I think it's fair to assume the drop today is market driven, and not anything negative that's more specifically related to the company OrganiGram. The pattern is more obvious now.
True. Most of the better established MJ companies appear to be down between 5-7% today.