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hey guys...I am new to this mb...does anyone chart heavily like me? I started a position in stock this a.m. looks to me like the breakout from the triangle could be reaching a top before a pullback...want to add...any thoughts?
tia
bull
be careful buying here..the stock is not done going down..traders are playing with it right here making a bunch of money off of the bounces..tomorrow will likely be another down day..the signing of the bill means little..the traders made a bunch of $$$ riding this stock up 3 days prior to the signing..then sell the news..may get a bounce before the traders sell it and move on..GLTA...be smart..
@nuclear profitz...no they don't and enough people don't look at a chart...I hate to see it happen to people though
@ Slyder009...trust me I'm not a buyer right here....
@ OBXBUM...I was also looking at how overbought it was...I will be the first one to say it that with these high momo stocks who knows....I just was not willing to ride it down...rather bank something...and hope to get back in...too much $$$ on it....good luck
@dmoney...doji's are not neutral when the are at the top or bottom a a big run...hemp just ran from .09 to .34 in 3 days...just be careful...
@mac....I agree..good luck
@Wave...JMHO...but be careful..it is trading like a penny stock...with that much volume...u have all the little momo's jumping on to make a few bucks thinking they are rich...with these stocks just be ready to get out if you have to...I am still learning that lesson....u also have all the investors that bought at 2 cents and when they see indecision they WILL book some profits...good luck
@WaveWatcher...u can look at it as a doji..or a spinning top..but it signals a short setup after such a run...it a cooling off but it will signal the traders to short or get scared and sell a stock..I have rode a lot of stocks up and down...going down is not as much fun...I am long all my stocks but had 2 stocks pulling back a lot and decided to pull some $$$ out to play with...I am not an experienced trader but I have been buying and selling long on charting for a long time....u just can not make $$$$ and ignore the charts....
@GoldenAge..he has already said he would sign the bill when sent to him..so it is a done deal...so be a little careful here because the signing is baked in to the huge jump the stock has had..I hope everyone makes money here...I see huge potential for the whole hemp business...
@slyder...I read the chart and sold at the last minute today..just couldn't do it with that doji staring at me lol...I don't have great gains here...I just bought the stock...made about 3 thousand on 100,000 shs in 1 day...I will get back in but the chart told me get out today...
@will...doji at the top of a huge run with 2 huge candlesticks is not good...be careful if you stay...
@will...we all buy into the hemp...but you have to look at technicals and fundamentals..read the chart...2 big candlesticks and now a doji...which will signal shorts...I don't know if u have ever been burned by a penny stock yet...I have..only once though...I will be back in....after it cools off..
had to sell with the doji...will get back in later
CVS stopping selling cigarettes ....this attack on tobacco is going to fast track hemp for farmers...and biodiesel is one product the govt will push...lots of potential....the big wigs will not let the farmers suffer in their states after pushing this through with the farm bill..don't think they can't fast track legal cultivation....
something is going to have to replace those tobacco farms...hemp? CDC going after smoking with new ads this week targeting the youth..
FIRST AMERICAN FARMLAND TRUST SUMMIT COMING TO LEXINGTON
Former first lady helps bring national meeting to the state
By Kevin Wheatley, Published: February 5, 2014 9:21AM
Although Agriculture Commissioner James Comer has said Kentucky will be the first state with a pilot hemp program, that’s not the reason the American Farmland Trust chose Lexington as the site of its first-ever Farmland, Food and Livable Community Conference.
“I would love to say yes, but I think the biggest draw was (former first lady) Libby Jones,” Comer said Tuesday, when asked whether Kentucky’s expected hemp crop brought the conference to Lexington in October.
“She’s been passionate about the issue when Brereton Jones was governor. He forged a relationship with American Farmland Trust, and I think that played as big a part as anything in luring that conference to Kentucky.”
Comer joined the Joneses, American Farmland Trust President Andrew McElwaine and Lexington Mayor Jim Gray at the Capitol Tuesday to announce the Farmland, Food and Livable Community Conference.
The national summit will bring together experts to discuss farmland protection, environmental conservation and the next generation of farmers, McElwaine said.
The event will also feature a Kentucky Proud opening reception with fare from local farms, businesses and distilleries as well as tours of Fayette County farms, mobile workshops highlighting urban agriculture and food enterprises in Lexington and Louisville, and a farmer-chef connection banquet, he said.
Libby Jones, an American Farmland Trust board member, said she and the former governor are “very, very excited” that Lexington will host the organization’s first Farmland, Food and Livable Community Conference.
“Kentucky’s always been on the leading edge of agriculture, of course we know that, but this will help us to ratchet up our efforts across the board,” she said.
Congress passed a five-year Farm Bill Tuesday that includes a provision allowing universities and departments of agriculture to conduct hemp research projects in states where hemp cultivation is legal per state law, such as Kentucky.
Comer said he will pursue such a program and has spoken directly with officials at the University of Kentucky and Murray State University, and he plans to speak with four others. “There will be at least three that do research and maybe as many as six or seven,” he said.
If hemp is planted by October, a pilot crop could become a stop on the conference’s farm tours and a draw for curious farmers elsewhere, he said.
“It could be,” Comer said, “and we’ve talked about maybe making that a component of our ag-tourism, people that would like to see what a hemp crop looks like.”
this is just starting to heat up...not ending....next couple of months u will see
Colorado Department Agriculture adopts industrial hemp rules
Producers can register starting March 1
The Colorado Department of Agriculture announced Thursday that it has adopted the state's first industrial hemp rules following last year's election and legislative session. Hemp production was made legal last year with the passage of Amendment 64, which also legalized recreational marijuana use for adults 21 and older.
The new rule went into effect Dec. 30, 2013, and allows producers to begin registering with the CDA's industrial hemp program March 1.
"These rules are the first step to allow Colorado producers to legally grow industrial hemp," said Colorado Deputy Commissioner of Agriculture Ron Carleton.
To grow hemp during the 2014 growing season, producers must register by May 1. According to Thursday's announcement, the annual registration fee for commercial production of industrial hemp will be $200 plus $1/acre. The annual registration fee for production of industrial hemp for research and development will be $100 plus $5/acre. All registrations will be valid for one year from date of issuance.
The limit set on THC concentration (the active ingredient in marijuana) hemp crops is .3 percent on a dry weight basis. All registered producers are subject to sampling to verify the crop does not exceed the limits, and up to 33 percent of registrants will be inspected each year. During the inspection, the registrant or authorized representative must provide the Department's inspector with complete and unrestricted access to all industrial hemp plants and seeds whether growing or harvested, all land, buildings and other structures used for the cultivation and storage of industrial hemp, and all documents and records pertaining to the registrant's industrial hemp growing business.
After voters passed Amendment 64, the Colorado General Assembly passed SB13-241, delegating the responsibility for establishing a registration and inspection program to the CDA.
"The General Assembly, with SB13-241, has made it clear that cultivation, for either commercial or research and development purposes, is not authorized unless the prospective grower first registers with the department," Carleton said.
the talk on here that the bill means nothing for hemp is ridiculous...it opens the door wide open...
@ dd 713...u can not know where this stock is going...take a look at
FSPM and others...there is a force here...
@ Larson89....you are very welcome..
Form T....The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
@ChipandAchair...THERE WAS NO DROP...FORM T...GOOD GRIEF GUYS...
@ Det_Robert_Thorne...WHO BETTER TO PIONEER THE POT AND HEMP INDUSTRY..
@ 'Det_Robert_Thorne...u are missing the point...this company has pioneered the business before it is legal again in the U.S....they are behind the march to get the result we got today...you have to look beyond the paperwork to be a visionary....
I agree..that is why I own XTRM....biodiesel will benefit...
tothetop813....how do u people even trade...THAT WAS A FORM T...LOOK IT UP IF U DON'T KNOW WHAT IT IS...
@ diablosf82.....that was a form T...what is wrong with u people
AsiaT...do u know anything about stocks???? or trading????
IT IS NOT.....0.0261....that was a form T ...could be any time....
look at what happened to PLPL after obama pumped pot....
passed 68-32
it is not looking too good this morning...
right......
and where and who exactly are you hearing it from....
you are not wrong there....
you are not wrong there....
if you watched the trading you would see that the pps going up was not on any kind of volume....it also went up on large spread for the ask...especially yesterday...5 cent spread...I hate to say but not good signs...
NITE taking the stock down this morning to acquire shs...and boxing it in the whole way down.....now ARCA is back in....they are both slime bags....now they will raise the ask .....watch....