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I'm Interested In Your Brother's Reply
I too have family who work for clearing houses in NY and NJ. They are all clean operators but we have discussed MMs quite often. Today's biggest issue is front running with high frequency trades. Ask your brother about that and I'm sure you'll get an earful.
More often than not those odd lot trades are just retail players being stupid. I've done it plenty. I like to put Fibonacci lots when I trade, 1123, 235, 358.......MMs don't need to paint the tape to secretly disclose their activity, leaving a paper trail of their intentions
There's Only One Victim of Emotions Here
ERBB's prolonged downtrend stinks but it's time that shareholders face reality. I have done so.
Debenture holders, poor operational execution and an overall MJ industry bubble are the REAL factors contributing to ERBB's slide from .11 to sub-.01
MMs and shorts are the FALSE bogeyman scapegoats that are being wrongly accused of contributing to the slide.
Plain and simple.
As for the MMs discussion, I'm over it. Only the amateurs blame MMs. I've seen it so many times. Instead of admitting to a poorly timed share purchase or internal company issues people always try to rationalize in a externalizer way that keeps the blame as far from themselves or their beloved stock/company. This is part of the psychology of market players.
Of course this is not to outright dismiss MMs. It would be a much different scenario if I spent the day trying to buy above the ask but never got filled. If the entire MJ market was soaring like early 2014 and AG had 500 Zazzz machines in operation, but ERBB was still at .01, then maybe I could get on board with MM manipulation. Unfortunately the evidence is NOT there. Just because one irrational, emotional, retail, amateur player thinks less than $2 of activity is incontrovertible proof of malfeasance, does not make it so.
I Dislike Penny Stocks Too
I wouldn't be here unless it involved the MJ industry. It's not so much the risk but the lack or trading vehicles around penny stocks. See when a broad market stock goes parabolic, there are derivatives for hedging that position. The only hedge in pennyland is to short a stock and that is dangerous in this arena.
Like I said, I'm well aware of MM manipulation and the real killer today is high frequency trades and front running.
I'm not sure where the "more info" you got is described in your last post, but I know manipulation when I see it and the past 8 months of ERBB's slide is NOT MM manipulation. There may have been some days with MM shenanigans but the bottom line is ERBB granted billions of shares and those debenture holders need to recover capital expenditures.
Notice I don't call it "toxic financing" because I understand this is how AG must finance their business at this point in time. AG can't get a loan from the bank so they must do what they can to finance operations. I don't even care about the large a/s count because that is manageable.
Yes, LJK MMs DO Manipulate
High frequency trading, not filling orders that are below the bids, channel stuffing......trust me I know plenty of the games.
But the 8 months of endless selling of ERBB has absolutely nothing to do with MM manipulation. There are billions of shares in the hands of debenture holders as recorded in ERBB's earning reports and in order to preserve operational capital, those holders MUST sell shares to cover business expenses. Those debenture holders are not dreamy shareholders.
Think of it this way;
Imagine you did a service for ERBB and received shares as compensation. Suddenly, you have zero cash because you spent that money to complete the service for ERBB and now rent is due and your employees need to get paid. What would you do? Would you risk default just because you thought the ERBB holdings could be worth a fortune in 3 months? Ironically, if you didn't pay your bills in that 3 months, you'd likely have the ERBB shares confiscated to pay debtors.
This isn't rocket science.
And clearly some here are so emotional they cannot handle the truth and resort to making up lies or personal attacks. Obviously Im not referring to you LJK but some people here are just so wrong about so many things it's truly unbelievable.
Man to think I thought the @APL shorts from 2003 were stupid! Somebody here has reached a new low, they should be proud for proving me wrong in thinking @APL shorts were the bottom of the barrel
ERBB Needs to Close Gap from Last Wednesday
Yesterday ERBB closed Friday's gap but there is a wee unclosed gap just below a penny. I prefer fully closed gaps instead of intraday dips that cover the gap but do not fully shut it with a closing price that seals the gap. The gap between Wednesday and Thursday last week is ever so small but still present.
If ERBB dips below .01 to cover that gap I may pick up shares to bring the cost basis down on my underwater swing trade. I can pick up enough to being my cost basis down to .01 and hold the position since it's only down a small percentage. I can afford to ride it out and I've noticed in penny stocks, waiting can be the best strategy, considering it took about 2.5 years before my ERBB position came to life.
I'm confused by the hoopla over ERBB being added to the MJiX because I thought it was already part of the index. Regardless, being part of the index offers legitimacy and the index could be the best chance for MJ stocks to have a presence on a broad market.
My ERBB Analysis
I don't like to make price predictions, as in calling a specific price by a certain time. That said, I think ERBB has plenty of room to the downside as I said for the past few weeks because the technical bounces cleared the way. As a long, I wouldn't rush to get in bad you may se lower prices soon enough. Basically there is no support below a penny becuase ERBB skyrocketed through a penny back in late 2013/early 2014.
AG has some great product lineups and a COO who is willing to literally scrub toilets to help the company succeed. However, management has been completely unable to execute on operational activity, leaving a $1.7 or $1.17m purchase order to go unfilled, leaving Zazzz clients and customers in the lurch with delays and generally over-promising followed by under delivery or no delivery at all. This is bad for business.
The biggest catalyst right now would be a major revenue/earnings development. I'm dying to get a crack at the Zazzz being delivered to ExhaleMedCenter. This will give me a machine to kick the tires, talk to employees/customers and do some general channel checks.
Of course, socio-political developments could provide a tailwind but I wouldn't be waiting on the U.S. Govt to help share price and legislation is not guaranteed to be positive considering the enormous spending of anti-MJ groups.
For the last time, I'm not short and would never waste my time shorting a penny stock when I could safely short so many of my other broader market holdings that move more in half a second than ERBB's entire pps. For those who PM'ed calling me shorty, your analysis of me is as poor as your analysis of ERBB, especially in regard to debenture selling v MM manipulation. I'm not the enemy, unless you are fighting truth.
If I was forced to make a prediction, I'd say ERBB continues to slide downwards for some time now with small pops here and there. Perhaps depending on financial reporting sometime in mid-May, we might start seeing some signs of life
Have Some Perspective
First of all, I do not repeatedly call every upward pop a "technical bounce". I merely did so over the past 2 weeks because it was so painfully obvious. However not to some folks. Ironically those same people are the ones who are here day in and day out calling for ERBB to go to the moon or making up bogeymen to explain poor pps performance.
I think you should really read your statements and not just blindly apply them to people who share different perspectives other than what you want to hear
American Green has a compelling product lineup and should be well positioned to capitalize on the MJ industry but it is far from being a "good company". Sloppy product launches, failures to deliver on $1m purchase orders and over promising is reflected in the beat down pps. Once AG gets those shortcomings in order, maybe then we get some traction but until then, this company will flounder.
Proof is in the Pudding
Like I called it for the past 2 bounces,
These are TECHINCAL BOUNCES.
But rationalize or emotionalize it however you need to justify your position
I Posted that Last Week and 2 Weeks Ago
The first pop 2 weeks ago was obviously a technical bounce and I took a beating from folks for saying that. Of course, it came true and the next few days lead to new 52-week lows. Then I posted that last week may have been a combined techincal/fundamental bounce although I was hoping for something different. Yet again, my inbox gets flooded with vitriol.
I am neither cocky nor short. Shorting penny stocks is just ridiculous on so many levels. And I know plenty of poor shorts, especially those who berated me for year of posting buys on the Yahoo @APL message boards.
But I am honest. I'm fairly smart. And I've been incredibly successful (probably more lucky) with my investing. The technical setup over the past 2 weeks has been so obvious. There is no credible reason for ERBB to breakout right now. The ONLY fundamental news that will propel ERBB and the MJ market is rescheduling so institutions can invest without fear of legal ramifications or a whopper earning report.
Sorry for the snark Vman, I'm taking a lot of heat and it's hard to tell what's what
Do You Seriously Believe This?
Let's see, in this very post from Thursday, they claim ERBB will close at .0145 and in the past 3 days, not only did ERBB not "close" that but it didn't even hit it.
Then they claim ERBB will open .014 Monday (today). Again, wrong.
So why would this completely unsubstantiated claim of private investors getting into ERBB hold any more credibility. Oh but we should definitely believe these same people when they claim MM manipulation........
LIES!!!
Hope So. Been 2 Weeks Since ExhaleMedCenter PR
And nada. I've been chomping at the bit to do a site visit and poke around on a Zazzz machine in LA. I even plan to shoot a small video of my first use of the Mach 2. As you may have guessed, I'll be completely honest in my review
Normal? A Bearish Engulfing Candlestick is "Normal"?
And what happened to your guess that ERBB would open at .014 Monday (today)?
And then didn't you claim ERBB would close green today?
Not a very good track record
Another Technical Dump - Another Bearish Engulfing Candlestick.
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508
RSI is NOT oversold despite the incorrect analysis here. And today ERBB has put up one ugly Bearish Engulfing Candlestick foretelling a likely technical retracement. Call it MM games, call it manipulation, call it whatever makes you feel better but this is just ugly.
ERBB will be in the weeds until AG can prove they can generate revenues from their products. Right now all they can do is generate PRs for products that limp to market after being launched through a brick wall, instead of over it.
By Today, Did You Mean Not Today?
Wrong. Again.
Depends on Who You Ask
According to some, the only people selling are market makers who have accumulated billions of shares and simultaneously opens billions of shorted shares, gaming the entire system. Not once has any of this incredible, as in not believable, analysis accounted for the billions of debenture shares issued and the "evidence" of MM manipulation comes soley from "watching Level 2"
I don't know if people are new to trading or new to Level 2 but I can unequivocally say there is absolutely zero substantiated evidence of blatant MM manipulation. Share price occasionally fall below or jumps above bid/ask spreads. Pattern based trade volumes cross at regular intervals because not all orders are filled as they are entered.
In one person's analysis of ERBB players, they claimed early investors in at the all time lows of late 2013 held as many as 2b shares while the MMs held an equivalent amount but also shorted billions of shares as well. Aside from the fact that that analysis involves more shares than available, it leaves absolutely zero shares for DEBENTURES.
I cannot stress this enough but the selling IS from debenture shares. I know Stephan claims all the debenture shares are held by "friendlies" but that doesn't exclude those friendlies from having to make payroll or pay rent or cut checks for purchase orders.
Look if I told you I have a job for you but could only pay you with shares of the company, how on earth do you think you would pay for rent or put food on the table? This is just plain common sense. It's not bashing, it's REALITY.
So what's with the sells today?
If you live in the real world, today's sellers are short term traders who were trying to play the PSRadio interview, a few shorts expecting continued downward pressure and DEBENTURE SHARES that have been selling for months. If you are in a paranoid state looking for blame as to why your position is losing value, then it's MM manipulation. Unfortunately, on the rare green day with ERBB, MMs manipulation doesn't exist and it's just a healthy move up.
Lord Shearin Hath Spoken But Said Very Little
Starting late Friday afternoon and throughout the weekend, the "ERBB can do no wrong" fanatics were touting potential ground-breaking developments to come from Stephan's interview on PSRadio and the other camp was calling for reverse splits or other doom. Despite endless messages, it looks like neither party had a clue of what was to come. ERBB once again is barely holding a penny, but the noise is still nearing unbearable levels.
The interview was broken into four sections, the first of which involved discussion about Stephan's past. To me, this was a fairly informative bit. Stephan sounds like he has an interesting background and his intro to AG/Tranzbyte provides insight into his leadership style. I think his disclosure of cleaning AG's office restrooms proves his drive to succeed and willingness to do the dirty work to get it done.
The second part of the interview discussed the politics of MJ. The conversation was interesting but unfortunately, nothing new.
The third portion finally discussed AG and ERBB. This is where the interview truly lacked any significance. Stephan confirmed there are no plans for a reverse split or a buyback. The dialog provided currently available insight into Zazzz progress with limited mentions of OGTea, Greensticks, Jurassic and other AG entities. SS did sheepishly disclose the failed $1.7m ($1.17m?) Jurassic deal, using the same response used in Zazzz delays "we didn't want to release an inferior product so we stopped it" (not an actual quote). There was some discussion about global distribution of OGTea but the 2015 revenue projections for OGTea topped out at $1m, seemingly low a worldwide market.
The final bit of the interview was a Q&A from listeners which again, provided zero insight.
The same people who called for all the hype are ironically the same folk accusing market makers of illegal activity on every red day. Amazing how that works. I love how market makers are called criminals with zero credible proof aside from saying "watch Level 2". The Level 2 activity on ERBB is absolutely no different than any other stock I track. Period. Stop looking to displace the reasoning behind ERBB's share price decline. If you're looking for manipulation, I'd focus more on prison/police/legal/political/religious groups lobbying against MJ.
So after all the hype this weekend, there sure wasn't any pay off.
Another Breath of Fresh Air
Thanks for the thoughtful reply Doc. I may not entirely agree with the numbers or much of the sentiment as you will see if you read on but I appreciate a well thought out response instead of the usual "In Shearin We Trust" chanting.
Like the MMs, I just don't think shorts are a major factor here as there are a lot of misconceptions about short activity, especially in the penny stock market.
First, as others have noted, the figure of 43% of today's volume being "short" doesn't tell the whole story. What percentage of that percentage was from buys to covers opposed to selling to open the short position? What percentage of that percentage was longer term short positions opposed to intraday shorts? Today's buys were about 16m and there were about 14m sells. If each new short position is considered a "sell" since the position is opened by selling shares, then nearly all of today's sells were from new short positions?
Even if say 10% of the outstanding shares are short and ERBB pops on Monday, I don't expect a major short covering rally. 14m shares is $300k at .02 which doesn't add up to much unless when it is a single position. Keep in mind that shorts also average up so while a small covering rally may occur, short players often cover some only to short more at a higher pps. My guess is that the past 3 trading days saw a lot of buying from short covering which already lost steam by Friday even with the anticipation of Shearin's PSRadio interview on Sunday.
I also strongly disagree with the share counts. I highly doubt there are many, if any, retail holders with positions near 100m shares. I sincerely doubt that retail shareholders hold more than 25-40% of outstanding shares becuase most of those shares are held by debenture holders. This is an incredible small pond right now and we get an idea how small just by reading this message board where the most active ERBB players boast about "building up" a 1m share position at .01 for a mere $10k. Again, I highly doubt many or even any here hold a position over $100k at the current pps of .01 or even more than 5m shares.
And MMs naked shorting more than half the float seems like an incredible conspiracy, not to mention highly illegal activity. We all know these groups like to play fast and dirty but I think what you've suggested would be a blatant disregard for regulations. MMs do use small 10,000 share blocks to stabilize and control prices but that doesn't mean the trades were entered as such or that it's manipulation between parties. When I place a buy to open order for 250k shares, unless I designate "all or none", the buys are rarely executed in the full 250k block but in smaller chunks that show up on Level 2.
As for Shearin's PSRadio interview on Sunday, I'm not ready to get giddy over this. Today's PR was such fluff nonsense, much like the one about sales "doubling" every month since December (or was it November?). It's great to see the Zazzz "network" up but it's basically a website with 10 locations on it and nothing else, not even a simple pic of the machines at the location. As for the ExhaleMedCenter in LA, the machine is not the and as of this week the employees knew almost nothing about its arrival. I know AG isn't up to Apple product launch standards quite yet, b wouldn't you think there'd be a little coaching Exhale employees about the situation. I mean if employees don't even know WTF Zazzz is, how are potential customers supposed to adopt the new way to buy cannabis?
I'm not trying to be a downer, I'm just keeping it real and weighing all sides of the situation. Thanks again for your opinion, I look forward to continued correspondence as this is what ERBB needs; constructive criticism and educated support from shareholders not mindless hooliganism with snappy chants
Got Level 2
Just because the price doesn't fit into the spread doesn't mean MMs are "manipulating", ESPECIALLY here in penny land. ERBB has been thinly traded with the occasional exception like the past few days. MMs have all sorts of bids/asks to route and the flow is not always smooth, hence the after hours T-trades.
When AG issues a company $250k worth of stock instead of payment via capital do you seriously think the recipient will not draw from that position to cover expenses? To not sell would be a downright moronic business practice especially considering that company is most likely already out of pocket for labor and goods by the time they even deliver a Zazzz machine to AG.
I also love how when ERBB is down, it's all MM manipulation but when ERBB is up, it's all becuase the Zazzz will be huge, earnings will be huge, revenue is doubling every month..........
Plain and simple, this is the kind of blurred thinking that gets investors/traders in trouble...when they can't rationally understand the stock they are involved with, instead becoming married to the ideology that matches their position as a long or short.
Surprised by EOD Selloff
I would have liked to see a better follow through today. I also do not like the small gap up from yesterday's close but if ERBB closes that, I'd feel okay.
I would think that with SS doing PSRadio on Sunday, shorts would want to cover and longs would want to get in.
Not a big deal but I am feeling this bounce is losing strength rather quickly.
If You Can't See This Was Debenture Selling
I don't see anyone claiming Shearin or Gwyther or any insiders are selling. The selling is corporate partners selling to recoup their own operational expenses that were paid for with share. Plain and simple and obvious as the bright sun. Who else has millions upon millions of shares to sell at the ask, at will, without concern of the share price. It's not like there's a large group of retail erbb shareholders who got in below half a penny who can just sell endless shares. There's only a few of us lucky enough to have got in so low and most were smart enough to have taken at least some profits so selling now is not wise.
Those claiming MM manipulation on L2 are really chasing boogeyman.
Not Likely. She's the Kardashian of Weed
Do some research on her. She's done stuff with MD8X, and VP0R. Super shady lady uses weed to promote her fame whoreing. Unlike Kim and Company, Cheryl is a broke Southern Cal hustler who never did much in her prime so she scrapes along in any way she can. There is some fascinating stuff about her taking advantage of a sick child in order to promote her own agenda.
Bottom line, we don't want that sort of association with AG
Hoping This is More Than a TECHNICAL BOUNCE
A few weeks back I posted about the small 10% pop being a "technical bounce". Sure enough it was and the very next day ERBB resumed the slide that has lead us to where we are today. Some of the regulars here really took my words poorly and I received several PMs lambasting me.
I'm hoping that today's pps movement is more than a technical bounce. I believe we may be seeing a technical and fundamental recovery. I'm not breaking out the champagne just yet but ERBB has been unjustly beaten down.
Its time to recover.
Its time to make some gains.
Its time
Capitulation May Be Taking Place
The high volume today indicates to me that some capitulating is taking place. There may be a final shakeout but between last week and the past 2 days, the selling pressure is at an unsustainable peak. The RSI cannot dip much more and the StochRSI is bottomed. Again, I expect a technical bounce in the next few days but there could be a fundamental follow through after a bounce.
Fundamentally, AG is as strong as its ever been. The company has products and is making headway in the industry but the overall market is getting slaughtered. AG needs to follow through on their Zazzz machine exposure by collaborating with dispensaries to promote and educate about the machines.
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508
First of All, ERBB IS NOT A SCAM
This company is NOT a scam. While AG's management has had their share of "growing pains", there is nothing here that indicates scam. In the year or so that Shearin has taken the helm, American Green has made a real go at becoming a legitimate cannabis enterprise. Selling shares and debentures are a common part of alternative financing via penny stocks. Additionally, since the cannabis business is quasi-legal in itself, the financing options are severely limited. So for those claiming scam, please stop because you are saying more about your motives than about AG's business.
Now to address what AG can do to recover....we'll thats anyone guess. A good start would be revenues and that won't happen until at least next quarter. The Zazzz revenues are what really need to come to fruition. With revenue comes value and from there AG could possible buyback or retire shares.
Another avenue AG needs to explore is following up on all the press. The company needs to make consumers aware of the Zazzz machines, NOT just news outlets. The traditional media coverage is great but AG needs to develop direct to consumer marketing. This is where the Yo Card or a customer loyalty card would be great for Zazzz. Make 10 purchases from the Zazzz machine using a Zazzz loyalty card and get the next purchase for free. Run a cross-promotional deal for the first month each Zazzz machine is placed at a location. Post up some hot budtenders next to the Zazzz machines to introduce/entice customers to use the machine......There are so many ways AG needs to follow up on the Zazzz machines beyond just simple sound bites in the press.
A reverse split would be fatal at this point. There is no way it would benefit ERBB because it would flush out most current shareholders. Also, saying the a/s count is reduced, should AG need more financing, they will just have to issue more shares, thus repeating the same doom as before.
I wouldn't rule out an angel investor. V@PE just received $1.8m investment from an accredited investor. AG has a lot going for them but the keep getting creamed by the overall MJ market and the foibles of management. Shearin is busting his behind to bring value to ERBB. Lets hope he gets his chance to prove the naysayers wrong.
Like I Said, Technical Bounce
Its funny, I was called out for saying the single green day last week was nothing more than a technical bounce that would likely ease downward technical pressure enough to bring ERBB down some more. Guess what? It happened.
And now I have people calling me out for telling folks to stop deferring blame onto market makers. Care to prove me wrong or will you just continue with ad hominem attacks?
This Isn't Fear Based Selling
This is liquidation from debenture holders killing the pps. Lets not confuse this with 2008 or 2005 or 1992 or 1987.........those times were panic selling because of irrational macro economic fears.
ERBB's selling comes from debenture holders. Since AG has issued billions of shares to pay for operational expenses, those debt holders are looking to make money before there is no value left. Therefore, the debt holders are dumping shares in the billions.
The retail trading and investing here doesn't move ERBB.
Horrible Looking Chart, Just Awful
The technical breakdown resumes. Last week I posted that the only green day in weeks was a "technical bounce" and the following trading days proved so. Today's candlestick was ugly as sin. The technical bounce last week was completely unsustainable and only served to ease downward pressure for another leg down.
It will take a miracle to resurrect ERBB.
I Stand By My Statement - Not MMs Fault
Look, we've all seen our share of MM manipulation but this has now turned into a year long downward spiral. I'm willing to concede there are probably some shenanigans but if AG had delivered on the numerous PR'ed developments announced last year, I don't think ERBB would be in this situation.
Stop Blaming Market Makers
They are not responsible for ERBB's downfall. Period.
American Green is responsible for the pps breakdown. Period.
AG has issued billions of shares. Even if debenture holders sold 50,000,000 shares per day, that would be more than a month of selling before those positions are cleared. Therefore with only about 10,000,000 shares traded each day, the selloff could last a year with more room to drop.
Add to that the fact that American Green has been unable to generate significant revenue. While Zazzz machines are being ordered and placed, there is no indication of success after last years difficulty bringing it to market.
The past 2 quarters have shown growth with revenues increasing from $60k to over $200k but the debt is still far greater than income and there is little end in sight as more shares are being issued.
At this point, I don't know what it will take to reverse the downtrend. I would have thought rescheduling would be a windfall but at this point, when institutions are finally allowed to commit money to the MJ industry, it will be much easier to just pay for R&D rather than acquire fledgling companies like American Green.
Zazzz Due Dilligence Coming Up
I'm thrilled to hear of Zazzz coming to my town. I'll be sure to do a site visit at Exhale Med Center once the machine is finally placed. Expect a full report in the coming weeks.
People Have Been Calling Bottoms for Months
.03, .02, .014.........bottom line is there's no bottom line. Without any credible base above a penny ERBB could dip quite low. The only thing "holding highs" right now are the shareholders drowning their sorrows in bong rips. ERBB is returning to lows seen over the past few years, with the exception of the .0017 low in late 2013.
Clearly there is a shitton of progress since those past lows and we're not talking penny stock bs progress. The publicity has been great but I guarantee 95% of the general public doesn't link ERBB to the news reports of the Zazzz machines. Bridging that gap would likely lead to a flood of investment but good luck getting the news to provide that info in their coverage.
I'd be a buyer here but my swing trade from .0125 has gone to pot and I don't need to start throwing good money after bad money. Right now the trade is a large percentage loss on paper and if I was disciplined or playing with a large sum of money I'd definitely cut and run for a loss but being that the position is relatively small, I'll just hold. If ERBB gets a pop I'll drop the shares and look for another entry.
The whole sector has been beat up with lows everywhere. The hype is dead but now is the time to prove the hype was not without reason. It takes time to develop a business but time can also be a drain on resources. AG needs to get revenues, period. Despite evidence of operational activity, it's all just a PR play until substantial money is made, enough to justify a high marketcap.
It's Really Not
And enough with the lawsuit talk already. No lawyer would even take such a suit. The wording from Chase is completely within acceptable terminology. Beside good luck proving damages and linking your trading loss to Sean's statement.
Were earnings a disappointment? Yes.
Is AG or any employees culpable for legal malfeasance? No.
Will the stock get hit on Monday? Who know, who cares? I think we are all over Amercan Green and ERBB. But let's not start gathering the posse and horse up here.
Not Cool, Not Cool
But very funny!
Wait Vman You Forgot Something
You forgot to mention that the competition is being investigated by the SEC and DOJ.
Emotions are Running Hot Here
And I'm no exception.
My frustration is not with share prices so much as it is with AG's operational performance. I don't want the company releasing PRs to stop the bleeding, I want them to execute some of the objectives that have been discussed in prior PRs. I won't blindly follow the company after so many missteps or cheer ERBB ON as the company flounders.
Being a long Can be rough during down times but there a difference between holding through market swings and holding through times when the company is continuously failing to reach their goals. Now I know what it's like being a Buffalo Bils fan. It's always next season, next earnings report, next PR......
I have not received much love here since I began posting about my discontent. Ironically many of the same folks who were mad at me then are now correctly directing that frustration toward the rightful place, American Green.
Let's keep AG management in check and ourselves too. Money can and should be made with ERBB but I want it to be clean and lean not just quick and dirty
Gross Misinterpretation
"Sadly, ERBB is looking incredibly weak today and I would not be surprised if it closed in the red."
-Me
I did not make any definitive statement regarding whether ERBB would close in the red, I merely stated the buying was weak and I would not be "surprised" if it closed in the red, TODAY. I'm not sure why you would interpret that as being "brite" red "tomorrow."
Buys barely outnumbered sells today and the volume was hardly above the average. That indicates the rise is likely due to short covering, and gamblers not serious buying with conviction. The technical bounce is because the technicals were far too skewed in one direction.
People are all over this board cheerleading ERBB today because it gained 10%. ERBB is not out of the woods just yet and it is premature to be celebrating as if the pps is at a new 52 week high.
And Where Did I Say Anything Like That?
Where does that even come from? Please qualify such an odd question, perhaps using a quote of mine to back up such an accusation.
Charts Aren't "Wrong", Only Misinterpreted
I said it several times yesterday that it is likely we will bounce due to technical pressure.
I'll be the first to tell you charts are not the end-all-be-all but there are a few times when the charts are incredibly helpful. The Golden Cross that occurred in Nov 2013 was a major buy indicator and the Death Cross that happened mid year was when ERBB was around .06
The bollingers are especially useful because they deal with standard deviations. When anything strays 2 standard deviations from the mean it will revert back almost indefinitely.
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p84514984508
Wrong About Finish Red but NOT Technical Bounce
Cmon man. Please highlight why you think this jump was anything other than a technical bounce? An upcoming presentation of a new grow system that AG is "licensing" is NOT why the stock moved today.
Look at the chart. The stochRSI was completely bottomed out. More significantly, the pps closed way below the low bollinger band, meaning the pps was more than 2 standard deviations away from the mean. That bearish pressure is unsustainable unless a company is insolvent and shareholders are liquidating.
And the technical bounce wasn't even that convincing. A 10% move on lower than average volume? Yesterday may have been some capitulating but I'm not sure where all the arrogance comes from on such a minor move.