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Tadaaaaaaaaa
This was not hard to see coming.
The brand new car analogy is interesting. Since the thing depreciates and is worth SUBSTANTIALLY less the very second you drive it off the lot.... It seems to me that the "retarded one" is the one who walks onto a lot, buys a brand new car and thinks he got one hell of a deal. There's no way you can buy a brand new car and NOT immediately sell it for less..... And this is exactly what you are doing right now in the stock market.
But, some of the lessons the market teaches are expensive. When it happens to you, think of it as college tuition in an investing class..... Until then, more power to you! I'm glad you're buying. What I'm selling you has gone up well over 1000% for me and, for the sake of my core holding, I hope it does the same for you too.
The fact that you want to remain in the speculative, "what if" scenario instead of factual data and charts tells me everything I need to know about your position. Bottom line - rocket is right. The ONLY reason this didn't go to .015 yesterday is because of the election hype.
But, we need investors like you too so God bless you. Where would the market be without you? You guys are buying all of our pre-penny shares and you're EXCITED to be doing it (so are we)! So - TO THE MOON, BABY!!!!!!
Uncle Fester:
With the new recent announcements, what is your updated calculated value of the company. When it was under half a penny, you were saying the contracts made it worth around .037 at the time. Here we are. But we have had good news of additional business and incoming revenue since then.
This should not have surprised anyone.... We're lucky it only dropped THIS much!
LOOK AT THE DAILY CHART.
Does it look eerily familiar? Feel like deja vu?
.03 might be optimistic. But who knows. I say .025, at least, is easily possible (and healthy). There has been a 500,000 share visible wall sitting at .0175 for three days straight - even through all this climb. I'm not soft bashing. I'm just saying be careful and don't let the exuberance carry you away. This is for money only. And we've made a lot of that - especially if you've been in since June. Don't fall in love with this thing. I suspect many of the longs here will quietly begin selling above any sharp spike above .05 while never saying a word about it.
The fundamentals are incredible. But nothing that goes up THIS fast doesn't come down faster.
Guys, be careful with the "to the moon" and "no turning back" crap. Have you already forgotten the last run so quickly? This one, to me, looks EVEN MORE dangerous.
I've got my core position still intact. However, what goes up this quickly WILL come down just as quickly. This increase simply isn't healthy.
Look at the pattern from last time and look at it now. Look at the daily chart. WAYYYYY above the Bollinger Bands. And now you have CT showing up. Coincidence. It's deja vu.
I get it that there's an election and emotion is starting to drive this thing. You better get SUPER ready to catch a falling knife because the drop is coming. I'd like to think it has to test support at .025 and set a new higher low before resuming.
Just don't put on the blinders. We've made a lot of money quickly. Don't lose it to the house just as quickly.
Again, my core position is intact and long. But if it pulls back, I have enough dry powder to buy 2 million at what I think the ask will be, at least.
If we get a doji tomorrow, then the pattern will be almost identical to the last run. Except is will make a higher high. Still a good sign. It's got to come back down. If you don't have dry powder ready, think about getting some.
Possible doji forming for today on the daily. Careful.
Like I said, it doesn't matter to me which way it breaks. My trading position made over 300%. And my core position is large. Time will tell if it was a good decision or not.
I know that. You know that. But the poor fools who set a ten or fifteen percent stop loss don't know that. And those are the ones I plan on stealing shares from while they are at work not watching.
I don't disagree. Maybe you were here for the last spike, maybe you weren't. I was. The longs here watched it go to .03 and we thought it would get to .05 based on the excitement. It was pretty much identical to this morning. Then it tanked to .007.
I was in WELL under .007 so I didn't get hurt, but I saw it as a missed opportunity to more than triple my position. I promised that if it ever spiked to .03+ on excitement and speculation, I would sell my trading position (I use 300K shares to flip and add the extra shares to my core) and wait for the pullback. As of this morning, there was no news and I, incorrectly, determined there would be a repeat of history. I actually assumed MANY more people would be trigger happy for the exact same reasons. I also counted on the bag holders who bought at .023 last time would sell at any profit in order to "redeem their mistake".
What can I say - I called it wrong.
I happen to believe Magnum (who was also here to witness the dropoff) that tomorrow could be a roller coaster. I still believe that many of those earlier buyers from the last spike have set stops in order not to be a loser this time around. I think MM's could take out those stops and create a VERY quick buying opportunity. After that, it could very well spike to .04+, which might trigger profit taking and create a steep pullback.
You could be right and this might go parabolic straight to double digits without looking back. In which case - I still have my core holding which will easily make me a millionaire.
We will know in less than 24 hours.
Gotta admit, I sold my trading position and took profits. Then I watched the price continue to go up. LOL. Mainly, I remembered the last time it spiked up to .03 on no news. Fool me once, sort of mentality. So I took profits and made about 300%. Then an 8k drops after the market. LOL!! Thank God, I had the presence of mind to leave my core holding alone. Still in a very comfortable position to pay off the house in a couple weeks if this goes up like we hope it will. And if it retraces like it did last time, I'll have dry powder ready.
Almost nothing but buys going through and they lower the ask.... Go figure.
And I hope it spikes to .05, then slams down to .0205 and closes green at .0245.
I have a suspicion that today will present a great opportunity to increase one's core holding for the run next week.
As I recall, you called it completely wrong on that last trade, then tucked your tail between your legs and completely disappeared. You also get in at the EXACT low and sell at the EXACT high, but ALWAYS claim that AFTER the fact.... LOL. But, hell, if your meaningless hype pushes it above .03, then more power to you.
A pretty clear stair step pattern has developed over the past few months. Higher lows since July. I'm hoping for a good strong spike to .025+ and a pullback to .018-.02 before another climb to .03+. Trading shares are loaded with a 1 million core. Would love to increase that core to 1.5 million.
She could have a few days of green. Just watch out for that doji this time.
First time I've seen you make sense. This is the second time I've seen great news and the price not budge an inch... It's completely out of our hands.
So much for power hour... I guess there's next week. I expected to test .02 today. Three trading days until we qualify to uplist. With the support levels this strong, I think it's safe to say we'll cross the finish line above a penny, but will it be prudent to actually uplist immediately? I think we should see the CA PR before the uplist PR.
Why the anemic volume on this news?
Anyone reading the tea leaves on Level 2?
This is bigger news than just Oregon vs California. I agree with Mary. This is huge news.
I'm adding 400k for a total of 1.5 million now. That's all my dry powder.
It's not the CEO's job to "market the company". Go be a CEO sometime, of anything, and figure out what a CEO does. Good Lord, this isn't McDonald's. You aren't going to order a burger and get a piece of crap made out of God knows what thirty seconds later. The guy was come through on EVERYTHING he's said so far. Let him work. In a couple months or, better, a couple years, it will pay off. You'll be a multi-millionaire and you won't give much of a damn one or the other what the CEO did in October 2016.
He's here because his other name is Tmac and he bought in at the high, immediately lost and sold. Now he's bitter. Everyone ignored him and he was have a one sided conversation with no one responding so he had to change his name. Eventually, the same will happen with this alias. The price will take off (probably gap up) and he'll buy high, panic on the pullback and sell for another huge loss. Then start whining again. Wash, rinse, repeat.
That's cuz you got left holding the bag, baby!! LOL. Don't worry, the cycle's about to start again. And we'll leave you holding it again.
Wish you'd make up your damn mind.
What they're doing with the spread should be illegal.
Good luck with that! We only have 8 more trading days until we are eligible to uplist. And there's a massive amount of support under .015. I hope you're right, though because I want to buy another half a million to add to my core position.
Exactly! I made $1500 on yesterday's swing ALONE (with the house's money) all while watching these pathetic guys moan and whine about how bad of a stock this is.
Wait..... because YOU bought high, decided YOURSELF not to sell and now YOU'VE lost money as a result... THAT means the company is over hyped?? LOLOLOLOL
You're one of those "It's ALWAYS someone else's fault" people, aren't you? Especially when you don't get your instant gratification.
The rest of us recognize you for what you are - a loser who would rather whine than accept the consequences of his willful decisions. I still have my original position at .0033 plus I've managed to successfully play three of the recent swings. I don't see the negative picture you're trying to paint.
Just to keep it all in perspective: Just a couple weeks ago, everyone was so excited, so positive, so committed. We were going to a dime with or without California. October 1st was going to be the MAGIC day!!
Now, it's doom and gloom, the CEO doesn't care, without California we're sunk and all sorts of crazy nonsense.
here's the kicker - NOTHING HAS FREAKING CHANGED. NOTHING. Exact same company. Exact same CEO. Exact same fundamentals. Exact same potential. Exact same risk.
So shut the f up, huh? If this company was such "a steal" at .025 then it's still a steal right now.
Halfway to the uplisting date. Lots of shares trading hands and stabilizing the .015-.016 level. If there's a conspiracy to prevent this from uplisting, we'll see it this week.
I somewhat agree with you. Let's face it, this is a crap shoot. When buying in to a new company in a new industry, there is a certain amount of risk being taken at these early levels. Risk equals reward. Many can't tolerate that risk and wish to wait until there is some solidity - knowing that the trade off is a higher entry point. Right now, looking at the six month chart, I see a stair step pattern clearly setting new higher highs and new higher lows. There are no less than 5 steps in the pattern with one step clearly being tested after a rapid, unhealthy climb. You are apparently looking at two seperate one week patterns in isolation of each other - and, if that's how they are viewed, your trend analysis is 100% correct. Either way, it's a wait and see game. You want to see a steadier short term pattern develop and I want to see the long term pattern continue exactly as it is doing. I want to see it climb to about .045, set a new high and then pull back to about .03 and hold, setting a new low at previous resistance. Whether that drop happens over the course of a week or a day doesn't matter. At .045, without news, I'm selling my entire position and buying it all plus more back at .03 or below. With news and I'm holding until a gap up to .10 or better and then selling the gap to re-buy when it fills.
From where I sit it's still a 5 bagger plus. AND I've increased my position by 400%. I guess it's all a matter of perception. Your loss is my gain and I'm comfortable with that paradigm.
Then sell out. It's not a hard decision. If you're too scared, sell. Damn. Why write a book about it? There are PLENTY of people who will buy your shares, trust me. And when it goes parabolic to a dime, I'm sure you'll be the first one bitching about it. It is what it is.
Look, this thing is going to drop tomorrow. Next week, it's going to go up. Then it's going to go back down. Then it's going to go back up. The swings are going to be violent and rapid. Why? BECAUSE THE FLOAT IS GETTING TIED UP.
Get that through your simple head - THE FLOAT IS GETTING LOCKED.
Is it still possible to flip? ABSOLUTELY!!! I can speak first hand to that. Anyone who says different is an idiot. 20 million shares traded today!!!! You don't think you could have flipped one or two hundred thousand in all that? Get real!! It's EASY!!!!
This company is where you want to be. NEVER bet against the government. The government is going REQUIRE testing and require the testing to be done in CERTIFIED labs. What do you think we own? It's only a matter of time......
But, if you want to whine and complain, just sell and move n to somewhere else. Here's a suggestion - JBLU is going to move up fifty cents soon. Now, sell me your shares.
So you say. Those who say "it can't be done" amuse those of us doing it... Good luck on getting to .03. I hope it happens. My trading position will be liquidated. My core position is there until .05 minimum. Personally, I see us going under .02 today (hopefully briefly) - even though it was said yesterday that we would never be under .02 again!!!! (along with the obligatory YIPPEEEE!!! YAHOOO!!!! HOORAYYYY!!! blah blah blah).
Update: And just three minutes later, all I can say is - TADAAAAAAAAAA
Now watch, as fear sets in and stops are taken out. Buying opportunity coming. Selling half the trading position yesterday doesn't seem like such a bad idea anymore, huh?
Last update and mesasage: That 125k shares at .0154 was me. Let's dispense with the "not flippable" theory, shall we?
Those who are savvy are going to double their position on each of those doubles.... And they will do it with free shares....
I want to caution everyone about placing false expectations on PR's. We know it's coming. We know it's exciting. Say no more. I've watched it happen over and over and over again. "PR is coming in days!"...no PR....SPLASH.... Every time an upcoming PR is hyped or overly anticipated, an exaggerated sell-off is GUARANTEED when it doesn't appear. If a PR comes out this week, it comes out. Great. If it doesn't, it doesn't. Who cares? Things are moving forward as planned. That's all we need to be concerned about. Don't believe me? Watch and see what happens if no PR is released by Monday morning (and possibly as early as today).
Conversely, IF you want cheaper shares, then hype the hell out of a PR! If penny stock investors are going to be skittish or set trailing stop losses too tight, why not take advantage of their stupidity and increase your own position when it tanks on no news?