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It either sinks like a rock by noon or starts blasting off to the heavens, possibly the big 0.01(+). That's my gut on this one, and sure, I could be completely wrong. This situation could really turn either which way.
I just don't think it would require that much selling pressure before gainers in 10x - double territory say "Uh oh, I better take my gains in case they keep shrinking!" Then you have a slippery slide back to last week's levels.
Wow. Are you kidding me?
How many acquisition targets expected to bring in millions of dollars are still pending from this group? The PR today from IMD smelled funny enough, and that's why I didn't buy in today. Seeing that practically the same song has been sung before adds even more odor.
Who knows what will happen tomorrow. Whether you're believer or not, you have to admit these PR's sure seem crafted to bring drama to traders.
At these levels in the middle of the day, if we see the same action at the 3:00 hour of doom, this is probably going to 0.40 or lower. I'll take a sideline seat for now.
Just chilling at $1.80 today. Seems to want to go higher. I'm holding on for now.
That would be great. Hopefully before the end of the week..
Pretty big trade of 500K through CSE just now. Too bad it was on the lower end.
"What does 420investor or anyone associated with it have to do with ATTBF?"
There we go. Fair question. First, let's talk short-term. I would hope your answer isn't the easy one: Nothing. If you're going to claim that, I think you're at least somewhat deluding yourself. I watched the "420Investor" and "Wolf" and others make guesses, suggestions, and sorts of recommendations and the PPS of that given security was almost immediately affected, in some cases severely. Not just ATTBF either.
"Nothing 420investor does will hurt or help ATTBF. The future belongs to the actions of the company and its leaders....for better or worse."
If you're talking long-term, which is perfectly fine by me, I'd agree with you. Short-term? I couldn't disagree with you more.
What you're saying is true of an established company, for sure. But we, as investors, have to contend with other risks in this immature sector, such as potential hype, pumping, trashing, manipulation, and you name it.
It sounds like you and I are both in for long-term. That's fine. It doesn't mean that's true of everyone on this board. And it's only prudent to consider and be aware of the short-term and long-term influences. We've both witnessed how crazy things can jump around in the short-term.
All I'm saying is be aware of what happened in the past and how similar influences could come back and rock the waters temporarily, decide what position you're going to take now, what exit strategies you'll take if things don't pan out as hoped, and then act accordingly.
I'm a curious cat, and have been digging up some old endorsements and recommendations from 2014 and 2015. It comes back to one primary theme: Even the experts were often left guessing.
The obscure timelines and processes of HC were often a huge barrier to making even somewhat accurate predictions. Some of the best analytical investors were really left wandering in the unknown, still forced to make their best guesses, and often ended up with terrible success ratios.
I guess what I'm really trying to say is this: Does anyone feel like a lot of the "analysis" completed back in 2014 and even 2015 can essentially be thrown out the door? Much of the fundamental analysis back then seemed to be based on a lot of hopeful assumptions that never came true. Just because a company seemed like ripe potential to receive a license didn't mean that it did. Just because the business model seemed excellent in 2014 doesn't mean that the current political environment hasn't changed its potential for 2016 and beyond.
As trivial as it may seem, if you want a prime example of why I think we need to challenge our way of thinking and company evaluation, here's an example of one expert's recommendation in 2014 and then again in 2015. Most of us are well aware of the history here.
"The 420Investor service recommended folks buy and hold ATTBF at .77.
After the service's recommendation left subscribers with horrific losses of 50% or more, the service now indicates it does not have much in the way of hope for the future.
So, the real question is - what made the 420Investor service deem ATTBF a viable investment at .77, when the service indicates bearish sentiment now that it's under .10?
Suspicious? I am."
Just FYI for credit, this was originally posted by MindHonest last year on this very board.
Also, it really doesn't help that the Mustang factory is ceasing operations for a week. Makes one raise a second eyebrow at that question that's been lingering since early 2016: Is the U.S. auto market going to keep getting weaker?
Okay, now I'm received the news I was looking for earlier today.
The Mustang is taking a beating from the competition. From Bloomberg Tech:
"Ford Motor Co. is shutting its Mustang factory in Michigan for a week after the iconic sports car suffered a 32 percent sales decline in the U.S. last month and was outsold by the Chevrolet Camaro for the first time in almost two years."
...
"Camaro overtook Mustang last month for the first time since October 2014 on the strength of incentives that more than tripled last month to $3,409 per car, compared with an average discount of $2,602 on the Ford pony car, according to data from researcher J.D. Power obtained by Bloomberg."
...
"Ford has sold 87,258 Mustangs in the U.S. this year, down 9.3 percent, while GM had Camaro sales of 54,535, off 11 percent, according to researcher Autodata Corp. Ford Chief Executive Officer Mark Fields has said the U.S. auto market has plateaued and that showroom sales are weakening."
MJ sector stocks are anything but for the weak of heart, indeed. Extreme thrills, major disappointments. That's part of the reason I wouldn't be surprised if we enter Phase II of the MJ stock craze and start seeing stocks run up 2000-3000(+)% in a couple months again. Many people just love a gamble that has a big payout potential. :)
Good T/A, and my thinking is very similar. If this opens up and continues hovering between 0.40 and 0.415 for a couple hours, I'm probably going long and will monitor closely throughout the day. If it falls to 0.39, no thanks. I'll take my chances, wait, and hope for a better entry point.
GLTA.
Whewwwwie! I just started keeping tabs on TRTC and 3-4 pm EST sure seems to be the hour of doom for this stock. 2 total crashes, back to back. That's some trading action alright..
The frustrating activity today is why many investors are avoiding Ford. An otherwise very positive day in the market, but Ford is down 1.3%. And strictly from a fundamental standpoint, I don't have the slightest clue why. It opened strong and then went for a slide downhill.
Love it long-term but you almost want to lock it in a closet, pretend it doesn't exist, and come back to it in 5-10 years and then check what it's yielded. Some of the day to day movement will just make you shake your head.
We have to assume most investors, even in this sector, are enjoying the holiday and not sizing up the activity on the US markets to entertain buying/selling. IMO tomorrow is the real test. When Tuesday comes, if volume is significantly different or we endure an ugly drop, then I'll be concerned.
The activity that did exist on OTC Markets sure seemed quite positive. I'm optimistic about tomorrow.
Now this one is a little more of a pleasant surprise. Didn't think OGRMF would move much until Tuesday, but we're nearly back to the 52 week highs very temporarily experienced already last week. Strong signals and exciting foreshadowing for tomorrow on both US and Canadian exchanges if OGRMF closes in mid 1.80(+)'s today.
Little action, but riding steady with the rest of the sector. You'll hear no complaints from me. :)
Oh yes, slipped right by me. I never expect to find update notices in a site footer. Good catch, thanks.
"Date Modified: 2016-09-30"
McNulty and Hatziioannou of "XIB Consulting Inc." are both connected with CIBC based on their public background info:
http://www.cibcwm.com
From their LinkedIn summary:
"Focused on Your Needs
We combine years of experience, extensive industry knowledge and a broad and deep set of investment banking, capital markets, lending and treasury services to help address both your short- and long-term financing and investment goals. We are a Canadian leader in M&A advisory, debt and equity financing, corporate banking, trading, hedging and research?.
Building Strong, Enduring Relationships
Our employees recognize that solid banking partnerships are built over time and require a foundation of trust, understanding and fast-acting support to help you take advantage of market opportunities as they arise. We strive to forge strong and deep relationships with all of our clients to support their tactical and strategic decision making."
XIB Consulting could be one of many children of CIBC or perhaps McNulty and Hatziioannou left CIBC, retained some connections, and through their experience were able to start their own gig?
Authorized Licensed Producers for Medical Purposes
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
I don't believe their site currently has pages that encompass all the different HC licenses. Also, not sure how often they update the list provided above. I came across another HC list last week and discovered it hadn't been updated since April.
Thank you. I really appreciate that summary.
"This [I promise You] Quarter should be the best ever because of orders of CBD Oil combined with their regular sales."
Liking for short and long term. Positive cashflow plus growing sales numbers should send it higher.
Thanks for that confirmation. If you throw Abattis GrowthStarLED on the search engines, this is what comes up.
http://www.420stocktalk.com/abattis-attbf-already-performing-marijuana-growth-testing-led-light/
This might be different from what you're discussing, because I have a faint memory of visiting the GrowthStarLED site back in 2015 and seeing these, plus additional pictures. I thought the BioCube was mentioned there too. Regardless, I do now recall this leading to a lot of speculation at the time that Abattis was rolling towards something bigger.
Now I'm stuck speculating on Mike's involvement in both operations. Not trying to cry wolf just yet, but I find it concerning that Mike was leading Abattis, clearly involved with GrowthStarLED before he stepped down as Abattis CEO, shifted over to GrowthStarLED and we have no idea if he's still indirectly involved in Abattis today or not.
From the lips of former CEO Bill Fleming on Feb 19, 2015:
"If I was going to give anybody credit it would have to be our chief operating officer, Rene David. Rene’s been the guy that’s been out there pounding the streets getting the Abattis message out there. Where we are today is basically as a result of his relationships."
http://investorintel.com/agbusiness-mmj-intel/abattis-securing-25m-equity-line-marijuana-market-ma-opportunities/
Sounds like Mr. David was doing all the heavy lifting the past couple years anyway. I've never been fully clear on what Mike Withrow brought to the table, and quite frankly, don't mind the company being in hands of Rene David in the meantime.
I do smell something fishy with Mike, as soon as I noticed the connection to Arcturus Growthstar. Actually, I thought GrowthStarLED (Arcturus Growthstar Technologies Inc) at the time had some connection to Abattis, beyond Mike Withrow's interest in both. Anyone remember anything else?
Agree completely. A little more good news could go a long way with Abattis. And hey, I'm not afraid of patience. After 2+ years, what's another couple months? :)
Long term, sure, I think more investors will be kicking themselves for not picking this up in the 12's where they could have been enjoying nearly a 5% yield. If you're in for 5-10 years, and Ford keeps gradually increasing the dividend, you'll come out with thick pockets.
Very steady hold at 0.10. We might be going higher in the short term after all.
So you suspect some manipulation here? This stock is almost treated like a back alley secret. Hard to find investors and traders discussing it elsewhere.
There does appear to be support at 0.10 after all. I'll be quite surprised if this returns to a nickle unless we see clear signs of foul play. That price reflected a company where nearly all holders considered Abattis dead and possibly a deliberate scam. Now we know for sure they aren't dead and buried, not for now anyway. I suppose the "scam" verdict is still out there.
Looking at OGRMF on OTC Markets, I'm still not understanding the nasty drop between 2:30 and 3:30 EST yesterday. Seems awfully suspicious that it would drop that far that fast...
Glad to see we opened in 0.14's. No surprise if things are rocky from here on out. Through the first half of 2015, we witnessed strong support at 0.10. If the volume continues slowing, that's probably the next major support level and if we can stay above 0.10 until this company starts producing, I consider that a victory.
Looks like we're not done riding up yet. Great jump to start the day.
Crossing fingers. Let's see another green day tomorrow. Hoping the early bird positions pay off, especially here.
Point taken, and long term they do need to show cash flow. But let's not forget that the first run-up in 2014 to $2.00+ occurred without the glistening positive numbers.
I do think enough of the potential buyers this time around learned their hard lessons from 2014. So ATTBF is not likely to return to $1-2 without the cash flow to justify it. But as others have mentioned, $0.50 or so is not out of the question if they keep showing progress.
Now where do we go tomorrow? The latest news was partly responsible for the nice gain today. Hoping ATTBF is back in the mix with the other pot stocks and will continue heading upwards just because of general market optimism.
It's not appearing that OrganiGram receives a lot of attention from the biggest chatterbox traders. Checking on places like Twitter, it's generally only mentioned with watch lists and groups of stocks.
If the spike continues, it's probably only a matter of time before others start comparing OGI to some of the unproven names out there. Then things could get interesting...
Crossing fingers and hoping the spike continues for us all :)
Right. Maybe it's time to follow suit? We've seen, what? 3 maybe 4 cycles between $12 and high $13's? +10-15% each way consistently is hard to pass up. Just need to remain aware of the dividend and short carefully.
There was a group arguing on SA a while ago saying that sitting tight while collecting the consistent dividend would pay off, but I'm starting to think that's just laziness or fear talking. When F pays out their dividend - about a 1.25% or so return each quarter - it always falls well below that amount. You're better off shorting and waiting a week or 2 to cover.
Whooop! There we go. Halfway to $12.50.
Give it another couple weeks, maybe 3, and I can probably dump it for $13.25, maybe $13.50?
Hey, so far so good! I've got a little padding room now at least.
In the meantime, I suppose we can all dream we've awoken a ravenous lion that's going to keep devouring all the previous highs? This is starting to remind of the early 2014 buying frenzy, just in slightly slower motion.
Average volume between late Feb 2014 and end of March 2014 was pretty close to 2M, yes. The highest day was March 19th at nearly 6.3M. No other day even came close during the great run-up to $2.00.
A little visit to the past for a moment.
Feb 25, 2014: ATTBF closes at $0.166
Feb 27, 2014: ATTBF closes at $0.3357
March 6, 2014: ATTBF closes at $0.792
March 12, 2014: ATTBF closes at $1.22
March 18, 2014: ATTBF closes at $2.04
...
Sept 1, 2016: ATTBF closes at $0.017
So, yes it's certainly capable of rising quickly with the right news and excitement. But after it nearly plummeted to zero, it's reputation in the trading community is going to require some time to recover.