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Short covering. Clay and Hanover are going long now.
Can someone explain the sector wide drop?
Reasonable to expect large volume today sector-wide, as well as a bullish trend through New Years. Welcome back, weedstocks.
What we have here is the end of a short and distort campaign and the beginning of another pump over the next sixty days. This ticker is too young for it to be any other way. As it stands fair value is between .10 and .18 - q3 fins could change that and I expect to hit around .30 at the next high, but don't get caught flat footed here.
Very impressed, actually. The execs are very in tune with shareholder concerns and have incredible vision. This is at least a hold through spring in my opinion.
I have a friend who has. I'm from CA.
Truth is people make a lot more money % wise down here than if the stock were higher. Trouble is they will run into unsettled funds or a loss eventually. That guy made about $8k on his flip so good for him, but I'm holding out for the monster $50- $100k day. I definitely found this stock on accident but can't find a reason to sell at these levels. Worst thing going for it is pps and that will change.
Glad to know I'm right that it's just retail. I'll take the rest of your shares tomorrow. Thanks!
Lol 20% flip on a 10,000% veteran gainer. Go flip bitcoins
In this move up most people are going to want to take profit. That's normal. Just don't be an ass and throw up an 800k sell all at once on low volume. You'll probably make more if you sell in smaller increments and allow buys to walk the price up. Most of the big blocks today were from etrade.
In my opinion Major resistances are: .017, .024, .04, .079, .10, .125, .18 ... I determined previously that an average cost basis is about .034 for longs. If we can clear that and get through .04 the momentum will really heat up.
Where's porky
This .0135 ask block isn't showing one L2 - MMs are running out of shares.
Looking at other MMJ plays, VPOR should easily approach .03-.04 this week. That's between the 50 and 100 DMAs. Many MMJ stocks are already there and working on continuation flags. If more states go recreational, I expect an additional pop to .06 by early next week, then consolidation. I'll take profit around .06 and re- enter at .05 if this happens. Then it will take a few more weeks to run to .10 by Thanksgiving. I expect another pullback to around the 200 DMA (.08), support to hold, and then a healthy move to .15 on anticipation of the fed court decision after the new year. Percentage wise people think this is crazy, but the average MMJ stock moved 1000% last time and VPOR moved 10,000%. The low float will allow for some serious momentum once the pendulum swings our way.
Factors to support this thesis are the following:
- November to April are historically bullish for stocks, including OTC
- The MMJ sector is defining a reversal, including vape stocks
- Confirmation of VPOR bottom
- State focus on MMJ via elections
- Fed focus on scheduling of Mj via recent court hearing
- Volume is increasing; volume precedes price
- VPOR is releasing new products, reaching distribution deals, expanding to other continents, obtaining better financing terms, setting up for HQ expansion, improving investor relations, etc.
- Price to sales ratio is around 1:1 right now, where growth companies like GoPro are at 27:1.
If state elections approve more recreational and possibly MMJ, I expect a smaller run than in spring, possibly 60% of previous highs. However, if the fed indicates they may reschedule it, I expect a run to new highs by March. This is an exciting time to be a VPOR shareholder.
Nice to see some new followers here. Yahoo! Message board is lighting up as well. This is the biggest week we are going to have for sector morale. If it goes well, extreme green ahead.
Looks like a tossup!
Hear that! Niners Rams will be my game.
Well this got political fast. $vpor is global!
Global operations sounds good to me.
Cannot wait until PPS catches up with the value this company is creating. Beautiful find on the international distribution in France. Told you guys Europe's a good market!
How exciting!
Why ?
I feel you on that one Chedmeister
Price to sales ratio is below 1. Should be between 5-20 for this type of growth company. No other measures matter.
It's been a six month Short & Distort campaign due to bearish characteristics of the MMJ sector. Has all the characteristics of one. One that sticks out to me is the fact that we drop on all news days. The flat chart recently was indicative of stalemate as they can't get the price any lower on a sustained basis. The S&D are super easy to do in bear markets. Yesterday's drop was a large retail trader exiting to trade another pump. He takes positions that are too large for current volume and sells them within days. Because of our low float he is the sole reason we didn't go above .018 recently. Absolutely terrible form. The extremely aggressive action we saw today indicates we are again at the bottom. I am impressed that it's holding a 100% gain from the previous low, and this bodes very well for the next move upward. Given the 180 day extension on Hanover conversion, I expect to enter Pump mode next week if overall election results are positive. FL is not a huge concern to me but is still relevant. Just play it wisely, guys. The greater MMJ index has been doing what I expected and we may see some major tickers move to their 200 dmas today. This is implying entry of a short term bull market for the MMJ stocks and they'll all be Pumped then Dumped again. End of 2012 showed us a huge spike beginning 2 weeks before Election Day, and MMJ index has started the same move. The chart seems to have reset. Expecting to see our high around the third week of December... Today and Monday's trading should be pretty volatile, then we hit cruise control Tuesday. Good luck.
Short squeeze coming next week for The Vapor Group. Price to sales ratio of 1:1 - worth a look.
Cyclical action. Should head up from now through end of year.
None of this matters. All that matters is how elections go next week. If good, we will be 10x from this level in a matter of weeks. If bad, we will spend quite some time in this range. Sector leaders are between their 100 and 200 dmas now and looking to break higher. We will be hanging out around .04-.05 sooner than anyone thinks. Sheeple aren't in town yet. I was one last year and played H€MP like a fiddle without much DD. Got some $$$ out of McIG as well. Got into VPOR at what I thought was bottom and now I'm holding the bag at .08. I'm annoyed but have learned a lot the past six months about trading, financials, small business strategy, etc. looking at history it's accurate that the sector leaders start moving in October into elections; the other tickers follow but don't really hit stride until after the results are announced.
Cyclical activity. This stock had a big run earlier this year along with other MMJ related companies. If you look they all have the same chart pattern. Appears to be thoroughly defining a bottom now and reversal is imminent. If elections go well for MMJ next week we can expect a run similar to the end of 2012 into early 2013. This stock ran 10,000% earlier this year in a matter of eight weeks and can do it again with share structure and float the way they are. My expectation is that we eventually trade sustainably between .15 and .20.
Sacramento native here! Can't wait to get back in a few years and see Vapor products everywhere.
Possible late day breakout coming. I like the PRs hint at being ready to enter the MMJ market in FL once the new market opens. Gearing up to capitalize if elections are positive. This company is going to come out on top of this industry and market cap will reflect it.
You were here long ago. What's your honest take on what's being done to this stock? The last few days are really strange on the hourly. Thanks in advance.
The real story starts tomorrow with their announcement. For better or for worse.
So boring but it beats going to subs.
Personally I think it's stock dok. We just need some volume to blow these guys out. This is tough to watch...
It's coming... I hope lol
Based on sector momentum I see MCIG approaching the 100 dma this week... Around .37. Good luck.
Following other sector plays (which have been in lockstep all year), VPOR should test .045 (100 dma) this week and probably pull back to .03 (50 dma). That's without news... Just assuming sector momentum, which includes vape stocks. News could really change the game here ( good or bad ) Looking to hemp vpcø and mjnä to see where we go next .... Hoping they crack the 200 dmas this week before pullback to 100s. If we can hold the float we can easily see VPOR above its 200 dma in three weeks. Just realize the ppl spewing BS about the actual company are loading on the principle of sector momentum. Unless the company announces they are closing their doors, any PR will only affect the pps in a minor way at this time. Time will tell.
Agreed. They typically drop PRs on Tuesday and Wednesday, but not always. We will find out shortly.
Thanks! We should see a good week, here. If FL goes green especially, I expect this stock to fly.
Someone correct me if I'm wrong: basically the Financier could convert a limited portion of their balance to shares at a certain price % below the lowest closing share price in a certain period of time. The original terms were to allow them to convert at .15 regardless of share price, or if price fell below that then they would be in default and the financier got shares at 30% discount from whatever price is current. The word "default" was used in the PR but it's not a default in the sense that most people think. The company is going to pay this money back and earn a far better return than 30% as they have seen 50-60% profit margins on inventory, which was what the loan was for... From the original terms I gathered that the CEO, CFO and board felt their shares to be valued at 8-30% higher than .15. The plan was never to pay the loan back in full by 10/29, but rather to give the financier the option to start getting a return on their investment. There are three or four notes that need to be paid and they are working on that and have even announced they will pay some back early due to accelerating revenues. Personally I can't find where an 8k is actually required for a debt payment as it does not change the structure of the agreement. Someone should show me evidence as to where an 8k is mandatory. In any case, Most people are stuck on the fact that it does have implications of dilution, but the point of securing the loan was long term growth and meeting unexpected high demand for products. In essence the vapor group needed to grow faster than it was organically. At this early stage their options for expansion were limited and they could have just issued more shares immediately, but they didn't. While the situation is not ideal, it's common for young companies.
What I took from it is 1. They are growing FAST; 2. They considered shareholders by not diluting to raise funds immediately 3. They think their shares are worth more than .15, and the secondary market has taken the value down temporarily. 4. They are gearing up to start paying it down, which implies solvency and an increasing "credit score," which will be needed for their next round of expansion at even better financing terms. 5. This stock is grossly undervalued and will return to above 20 cents at the current share structure.
Hope that helps...