Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, you're pretty new. That's EXACTLY what was said about .01 a few weeks ago as it crashed from .03 to .007 in 3 days..... I'll bet you my whole position it dips below .02 at least once in the next couple weeks. I think one of the biggest reasons it isn't above .03 by now is because the big buyers saw what happened before and are waiting for it drop again. What they aren't counting on is that there is a block of people (most who got in under .005) adding to their core positions and tightening the float further. It sets up quite an interesting Mexican standoff.
Yeah, but some "jokers" are doing it 100k at a time...
Volume, so far, is pathetic today. I expected more this morning. Based on the apathy, I sold half of my trading position for the expected pullback this afternoon. Unlike our resident trader, I didn't sell at the high. But there's opportunities elsewhere for the next couple hours to make money rather than just set and watch it do nothing.
I'm selling 200k at .0244. Which one of you wants to buy it? I'll re-buy that and more at .0215. For those keeping a tally on the float, it still leaves me holding 1.1 million. If I get burned, it will cost me a few hundred bucks to get back in. Notice, unlike our resident flipper, I'm giving my numbers IN ADVANCE of the event.
You can BANK on newbies and/or weak stomachs to set their stop losses too high (the market makers teach them 10% and, like stupid little sheep, that's what they use). You can also BANK on those stops being taken out. You can also make money off that knowledge.
There really should be a law governing the size of the spread. When the ask moves freely up and down 20% or more and the bid stays the same (and vice versa), that should be illegal.
Good news and it WANTS to run and they widen the spread... Despicable.
Anyone monitoring Level 2 and can post updates?
All gaps fill...
Getting harder to flip because the float is tightening. Twice today the bid in the .018's was 250k+ and I put an order to sell for 200k and it never filled. If you are going to flip, I suggest small lots because you may end up getting locked outside while the rest of us are partying. I would also caution against waiting too long for it to take a substantial drop. With the tight float and a PR imminent, she could blow to over .02 in seconds, leaving you behind the curve and buying high.
LOLOLOLOLOLOLOLOL!!!! You are such a complete joke. But, hell, if you can bring in buyers to increase the value of the shares I actually DO own, then more power to you. I have no doubt that you will notify us, after the fact, that you sold at the exact high of the day because your trailing stop of .002 was triggered and then you'll tell us, again after the fact, that you bought in at the low of the pullback. Well, at least you're willing to make a mockery of yourself for the rest of our amusement purposes. So, thank you.
LOLOLOL
October 1, the day that the Government will MANDATE through regulation that this company MUST be used before ANY marijuana can be sold, is only two days away.....
And the volume is moving like molasses.............
WHY????
Anyone use IH's Level 2? Scottrade doesn't offer L2 for penny's. I can't find a good L2 service out there. I guess TD offers it for pennies but I'm not transferring my account over there. Anyone else have a good third party system they use (preferably affordable)?
Unless we get a catalyst, I suspect we break through .013 and re-test .01 support.
Looking at the 30 minute chart over the past month, could we be forming the handle part of a cup and handle formation? If so, look out above if we break through .02 and hold it.
Because I'd rather have 2 million+ when it goes to the .20's than the 1.3 I have now. I'd ultimately like to have 10 million+ when it blows through $1.00 on the hype and greed. Since I don't have enormous amounts of income pouring in every couple weeks, my only option is to sell the highs and increase my position on the lows and pray that my luck holds out just 2 or 3 more times.
I'll be selling some of my position today on any spike above .02 and re-buying on the pull back. If it works out, I'll shrink the float just a little bit more and increase my holdings for the big bang next month. If it doesn't work out, then I still have my core holding, which will still easily pay off the house. Good luck to all today.
All of it is free shares anyway. I took my principal investment off the table long ago.
Not sure if this is helpful. You called it wrong today completely. Tomorrow, will determine your reputation. I think I've seen you call .03 for every day of the next two weeks.... Love the excitement, but you're just sounding like a blowhard with these silly predictions.
That's because we are slowly locking up more of the float. Everytime it pulls back, there is a group who are increasing their holdings without any intention of selling until at least a dime. The swings are going to get more and more radical as the float continues to shrink. If everyone is being honest, then we on this board are sitting on about 25% of the float. Maybe more. And increasing.
You certainly spent a LOT of time explaining why the CEO didn't care about shareholders, why this company wasn't going to make it, why the share structure was wrong, on and on and on..... Literally, NOTHING's changed since you were complaining. That's funny. I'm glad the CEO cares about us now that your shares are in the green.
Guess I got lucky...
Gangsta, I don't get your logic or math.... A gain is a gain, whether it's 85%, 70% or 50%. You say you lose by flipping, but I say you gain. I've gone from 600k to 1.3 million shares in two weeks. I anticipate being able to get to 5 million shares over the next month - even after setting aside the tax money and letting it sit in a separate account. The way I see it, the only way you lose by flipping is to put your tax money in the stock and then the stock plummets below your cost... Otherwise, it's ALL profit for you.
He's just a fool trying to goad you into a fight so he can spam his company. The longs on this board know better than to take the bait from morons like this. We have a good portion of the float locked. It will be tricky to play the ball when this thing really starts to move.
I look at the RSI, but I use a minute chart and the target RSI set to about 53. I just haven't noticed it being a good leading indicator so maybe I have it set up wrong. Or maybe, with a large portion of the float locked, it's hard to use ANY indicator on this one.
Well, I hope you get whatever profit you are looking for. At least we know that at .01 the CEO hates the shareholders and this company's fundamentals suck, but at .016 the CEO will suddenly love his shareholders and be running his company for THEIR benefit. At least, we're in agreement - I, personally, want to see you double your money...at a minimum.
My guess is that when this crosses .016, your tone will somehow be joyous and positive again and the company will be AWESOME.... The only reason it's negative is because you didn't buy in at .003 or lower like the rest of us. It's all perspective, isn't it?
UF, what chart are you using? 30 minute? And what level of RSI do you use to determine buy/sell for this stock?
What RSI level do you have tagged as the buy signal for this one?
We were expecting another one, right?
When is the next Q released?
Absolutely NO WAY this jumps to .02.... LOL! Come one, man.
Unless there's SPECTACULAR news precipitating such a climb, I don't think we'll see that again for a long while. There's a lot of gun shy folks now who bought in above .02 and who just want out after this blood bath. I think we see HEAVY selling every single step of the way from here on up to .05.
Just curious, what if this is the first shoulder of a head and shoulders pattern? Where would the head end up? .04+?
The only thing that really pisses me off about this drop is that I could have bought an extra 2 million shares at this level for the next ride up. I was able to quadruple my position though.
I believe the news coming in the next few weeks will propel this to new highs. I've increased my core position to a million. That is locked down until .05 at a minimum. Any extra shares I gain by flipping the remainder will be added to that core position.
Here's hoping that you guys who predicted .05 were right.
Oh what a GAME this is!! LOLOL Sheesh....
It's difficult to keep your emotions from getting involved, sometimes. But that's rule number 1. From the tone of your post, my advice is to push the power button on your computer and not even look at the market for 2 weeks. Your emotions may be on the verge of losing you a lot of money.
Well, just you and me together own almost 1% of the float by ourselves. Ford's got another 2% by himself. Supposedly. Mary, Gangster, Fester, Adiapoloa and others.... surely we have close to 25% or more locked down. Quite honestly, Waldrop doesn't factor into the equation. Theoretically. If we can buy and hold the float, then the price goes up. It's a VERY simple equation. And we should be pretty close to controlling it - IF everyone is being honest.......
Sounds like he's a realist. Not a pie-in-the-sky hyped up snake oil salesman. At the end of the day - whether this particular stock rises or falls is ENTIRELY dependent on the stock holders. Period. The float is SO small. If we buy AND HOLD (not sell like some of you puss's are doing) then the stock will climb. It has no choice. IT'S THE LAWS OF SUPPLY AND DEMAND. SUPPLY AND DEMAND. SUPPLY AND DEMAND. SUPPLY AND DEMAND. SUPPLY AND DEMAND. SUPPLY AND DEMAND. SUPPLY AND DEMAND.
Learn what those three words mean.................
IF WE control the supply..........what happens to the price???? Hello????????
THINK about it........
Let Waldrop run the business and stop bothering him with stupid phone calls and questions that you already know the answers to. Christ - it's really not THAT complicated. Buy, hold, lock up the float and wait. Sheesh!!!!!!!
May your stop be triggered so the shares can be added to the hands of someone who knows how to hold. The people on this Board alone could EASILY control the float of this thing.
WHY are ANY of you selling??????????? You people who sold are stupid. Rich, you are happy as a clam when it goes up but boy do you turn bitter at the slightest moment's drop... I bet you are poor and will remain that way. WHY?????????????????????? If you will just hold it and stop putting in stop losses (which is what the market makers teach your investment coaches to teach you to do (wonder why.....)), you will make money. It's a pretty simple concept for anyone with more than two brain cells to rub together. DON'T......SELL..... Easy enough? Can you drill those two words in front of a mirror all weekend so that your brain FINALLY understands??? DON'T.....SELL....... Good Lord! The bid can't drop if you aren't willing to click the sell button...... Anyway, the intelligent longs were buying and I hope to God that anyone who sold watches as it soars to .08 and I hope they put everything they have in it only to watch it drop to .03. You deserve MASSIVE losses to such a high degree that you never EVER "play" the market again.
You owned a company that has just announced a FIFTY PERCENT...UNEXPECTED....INCREASE in profit!! A company with thousands of real accounts in hand. IN AN UNTAPPED MARKET!!!!! A company that has the US Government mandating through regulation that they be used before ANY sale can be made. A company who will have a large percent of the market while not much of the competition can be in place.
And you look at PAST numbers that don't even accurately reflect the current situation, get scared and SELL? You people are fools.
Wow. Heavy bleeding over the last two days. It's a good thing we have the DD. How much of the float is still accounted for by the longs here? Anyone keeping count? I've got 1.1 million.
Let's hope the second half of their chart reading skills are just as accurate.