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When I was researching brokers years back I ran across Suretrader located in the Bahamas. I don't know if that's the one or not, but that's at least one brokerage located there according to their webpage.
https://www.suretrader.com/why-suretrader/about-us/
My question is where are they locating the shares to short with? They have to be borrowed from somewhere. Weak hands flushed out? Brokerage pools? Unreserved with an ask?
Reason I'm asking the last one is (granted it'd be harder in this scenario with such a large O/S) can the available shares be "locked up" by putting very high asks on them to keep the brokerages from having available shares to loan to others? Or is it locked by nature of having in an individuals portfolio?
Also, this made for some interesting reading...
http://www.investopedia.com/terms/s/shortanddistort.asp
Longs aren't worried. Writing is on the wall for where ACOL going trend-wise.
CBIS has market cap of $283M, billions of shares, and no sales to speak of.
MJNA has market cap of $480M, billions of shares, and no sales to speak of.
ACOL has market cap of $175M, billions of shares, and millions in sales.
Isn't rocket surgery here... Just a matter of time. Financials posting will help the crowd sink teeth into real-numbers.
Anyone else noticing that these weekends and holidays are getting rougher with ACOL resident in the account? Sub penny to penny to silver to penny...to silver again soon...to ???. The patience and waits are the hardest. Haha.
And $4.3M+ in share transfers in one day. Apparently people found out about this winning stock. LOL! Welcome!
Back to silver now... maybe before the financials and news announcements happen so it can blunt the incredible spike that'll come with them.
GO LONGS!
Correction... SEVEN figure sales.
Just.look.at.that.volume!
All's good with ACOL.
We touched the silver ring, she absorbed a 50Mil hit and went on to hit average volume on top of that by end of lunch, the RSI got a chance to cool off even. Firmer ground to push up from imo. Anyone that doubted it can hit a nickel should know better now; watch for the dime next.
A guess on my part, but might be another psychological hurdle at $.075, and again at $.1, and again at $.15, and again at $.20 when we get there for each "level". If you expect them it's less jarring for those new and short term folks. Long bulls own this though as evidenced by the chart...
You'll make more and help everyone else if it's a sell LIMIT order for $.05 and not a market order triggered at .05. It just takes slightly longer to fill because it gets chipped away if it's large, all at once if it's small and buyers grab it, but it doesn't drive the price down like we just saw. You may already know that, but just FYI.
ACOL's theme song today=
Chumbawamba - Tubthumping. I have no idea why that popped into my head. LOL! But seems appropriate.
Congrats to those that caught cheap tickets on the dip. I haven't even thought about lunch yet and we're already at half of the 100-day average for volume in the first hour...NOT COUNTING THE 50 MILLION FROM THE DIP DIVERSION!
I had to go look it up. I've been in since Oct 2015. Held strong through it all, not a single share sold yet. She'll be up and down a lot here now, especially on news/filings. We just need time to build back up buying pressure since alot of it was used to catch the market orders filling. Needs to backfill.
She definitely appears to be in strong hands. The market flood only retraced to yesterday's levels. And lots and lots of support vacuumed up the shares...50 MILLION shares... In what...a half an hour? Just wow.
OK, good! That's what I expected.
FYI-This is what we were talking about when we said $.05 will be a psychological barrier. Once those sells trigger it'll populate downward selling at whatever it can. This can be mitigated and hold price stable (and make the seller more money) if those are sold as limit orders, not market orders. Limit=good
But now the way up is clear of the $.05 seller speed bump...
That volume is crazy! And crazy in a good way, there are LOTS of eyes on and interest in this stock!
So was that shorting pressure or was that market orders triggered by the $.05 print?
Look at her bounce!!! Wow. If anyone wanted on this train for cheaper tickets better grab them now before the boing rebound.
And just like that $.05 printed. Welcome to silverland.
Agree, right now it's only psychological barriers to bust $.05 and $.10...
But they (and others) are correct that the RSI engine is running hot...but...that's exactly to be expected when the rocket is blazing, isn't it?!?!
All folks are saying is that the rocket will run out of fuel at some point, it's just a matter of when (well DUH!!!).
Looking at market caps it won't be until $.10+ and probably will happen before $.25. But it can go higher, or pause and go higher, or pause-retrace and bounce back to go higher, all due to news and financials. (which are expected to be outstanding and record-setting!)
So we'll all find out together just how high this goes into orbit before the next booster stage lights.
Value is determined by shareholders. Seems to be the majority think it needs to be much higher than current, huh?
Excellent question!
I don't know or have an answer to it as I'm unfamiliar with that organization. But I would imagine that even if it's a lot, it would make a new "step" or "retrace" at most before the market pressure took over and the endgame of higher happens. Ultimately one can't beat what the market wants to do long-term, it's working against the current. Even if it did retrace a little it would probably be viewed as a positive for longs anyway!
I do know I would not want to be the person trying to short this blue sky breakout right now because you're betting against emotion and it can be rather...uh...unpredictable and illogical at times.
This train might spike far beyond what the market cap can fiscally sustain before it stops rolling... Then and only then it might start retracing. And then while rolling back have news drop and propel it higher and higher again!
There are just too many positives right now imo.
He was actually showing how it will go higher... just fyi. Not even he wants to step in front of the ACOL train.
I do disagree with Clay (sorry but true) on comparison to previous years to draw resistance levels. This is a new and true blue sky breakout as far as I can see. The values where the company was just getting setup/started (and they were selling into the market) kinda are irrelevant. Market cap and enthusiasm (and sales, and financials, and growth, and news, and...) are ruling the resistance points now.
People selling positions to cover cores are mere speedbumps so far.
Just imho...
Market cap between $500M and $750M is completely believable in this market especially with revenue sales stream(s) ramping up. Add enthusiasm and emotion play amounts on top of that as a baseline.
There are others in the MMJ market around those points that don't even come close to having the sales ACOL has. Those seem to be propped up by hopes and dreams while ACOL is built on dollars and sense... (and no, that's not a misspelling of cents)
imo
We may setting up to blast thru 4's and see 5's in one day. Not bad. :-P Standby for silver trading on the way to dime(s) in 5,4,3,...
That was a beautiful step formation.
That was way too funny Geoff...
Hmmm. <Looks around> Anyone seen Sharemuncher and his ACOL mule? Must still be running.
Lots of new eyes are finding out about this stock. Welcome aboard.
And that's just icing on the cake then! I hope for the best, plan on the worst...just in case. Either way it's much MUCH further up from here!
An accelerated timeline to target is NOT a bad thing. See ya at at $.10+ soon. Whoohoo!
Small lag between news out and boosts. I'm guessing it's folks doing their DD and jumping in when they realize the financials, positioning, product, market is not just good, it's great. imo
$.04 printed
$.10+ by mid-April on news, sales and financials. imo
10M exchanged in under 90 min.
Just a matter of time now. LOL at all those selling below $.08
You are correct, most R/S's have a negative connotation because it's seen as a "it can't go any lower so let's r/s to combine shares so it can continue to go lower" so it's value loss to the shareholder in the long run. It's also loss of faith in the company. It's good for you to default to that (r/s=bad) as a normal strategy.
But in the case of a real company with real products that A) wants (and deserves) to be respected, B) to become a mainstay in an industry, and C)belongs in the "right" marketplace like NASDAQ, it's a natural progression upwards to become uplisted and to expand visibility/bigger markets/more money/etc. That would be a positive r/s gaining value for the shareholder.
But in order to do that the company might find it's share structure is limited on A)how high it can go on the market cap, B)PPS, C)it's self-limited by only being seen in OTC/BB/Pink markets (small money), or D)(as you'll see from some of the discussions on this board) it's not nearly as "desirable" if a company has a billion shares... Note-even though large O/S does tend to smooth movement (more shares=smaller jumps and volatility generally) than if a company has a thousand shares. It's more magnitude for each tick the less shares to be had. But...it still all just comes down to a percent gain is still a percent gain.
My take-It's best to show in examples and assign numbers.
Scenario #1, you own 10M shares of ABCD at .0001 for a value of $1,000. After a 1:100 r/s you now own 100k shares valued at .01 for a value of $1,000. The shareholder value doesn't change. A lot of these penny stocks then continue the slide down from .01 BACK DOWN to .0001 (again) so that the investor is left with $10. That's a "bad" r/s and all to common. But the flip side is if it goes positive because now people that NEVER invest in triple zero's will consider investing in pennies, well then it just grew the pool of investors and fresh money coming in can surge a stock that was previously an untouchable. If you take it to an extreme if a company has 1 "one" share of stock and the market cap is $500M, it might not trade a whole lot, but man, that's a helluva volatile stock because market cap will match exactly what the next person is willing to pay for it so it could be triple zeros one day and $500M the next.
So look at ACOL, it's share structure sucks from the appeal side for those that only invest in "silver" stocks...so far. We might just seriously boost investor base WHEN (not if) we hit $.05 ...but... if the long term company solution is to uplist or hit $1 PPS as some remark here then it will, it MUST, involve a R/S because it's a stretch to think this company will make it to $1B market cap ($.20PPS) and it sure as heck isn't going to make it to $5.16B market cap ($1PPS). But if 5.16B r/s's into 51.6M the value isn't lost to the shareholder as we've seen above, and the market cap doesn't change because of a r/s, but all of a sudden the appeal of the stock opens doors to a lot more action, uplisting, and big money investors that don't even think about under $1, or $5, etc. But $500M market cap with 51.6M shares puts ACOL's theoretical PPS at $9.69!
As it is ACOL crossed a big line going from sub penny to pennyland which only accelerated the climb as those copper folks "found out about the stock" because, all of a sudden, it popped up on their radars.
Anyway, waaaay too much blabber from me, apologies for the long post. It's been a long night, day and going into another night for me. Hopefully that makes some kind of sense... if not, chalk it up to sleep deprivation and disregard. LOL!
Looks like ACOL is providing the second option.
Hmmm, imo the crystal ball is sayin...
Judging from the recent behavior, minor retracement only to power higher without notice.
It'll probably stairstep to around .05 and oscillate in that general area waiting for news to drop (if it hasn't released already). I imagine their gross sales in the 10-K will put them around $2-2.5M for 2016 and a steady ramping up of each quarter continuing for 2017 for a multiple if not exponential growth as more states/countries adopt with California leading the way. From the $.05 area the sky's the limit based on what the company can do and contract for, but it wouldn't be unheard of based on market cap to see the .09-16 range within medium range and more for long range beyond 2017; assuming current share structure of course.
Side note--If MJNA can trade at a market cap of almost $500M with a SS of 3B and CBIS can trade at a market cap of almost $300M with a SS of 2.3B both WITHOUT THE SALES THAT ACOL HAS, then there's no reason to believe ACOL can't make it to the same adjusted equivalent range (.05(CBIS) to .097 (MJNA)) just based on market cap plus sales. Please note PPS figured based on market cap divided by SS for ACOL; CBIS is actually around .11 and MJNA is actually around .16 for their SS).
I agree with the earlier post that ACOL may be one of the few able to pull off a positive reverse split if it's done after 3rd quarter 2017 (assuming they want to...they may be looking for stability first, adjustment second).
ACOL still has the 10-K, the legalization of MMJ in Canada, the 1st quarter of 2017, and any big wildcard contracts (ie. Canada, Medical Associations, Pipe Smokers Associations, etc) still to release keeping the positive pressure going and holding it for at least the next 3 months (Feb-Apr'ish).
All in my opinion.
Valid point. Here's how I figured that same concern.
You are correct, legislation is due spring of 2017 (currently expected to be mid-April) for Canada which should be country-wide legalization vice local cities which have already accepted on the "grey" market.
...BUT...
imo the growth we've already seen from ACOL has been based on "already legal" markets and "already made" sales. Basically, the sales that have rolled in are for palliative markets, MMJ-friendly US states, pipe-tobacco smokers, etc that are already done deals. This is lifting on existing networks which will be reinforced by the 4th quarter addition to an already record-setting 10-K. So even if Canada all votes "NO" and an emerging market is stopped cold, there still are sales already in place (and growing) within the states; for multiple uses too. Now if Canada, or any other countries for that matter, do approve legislation or adopt Medtainer as the premier container, then it's just going to be an even bigger boost and faster climb with the stop point further up the PPS scale. Bonus! Point=Canada is just more icing on the cake, not the cake itself.
As to dilution, as long as the company is doing it's part to arrest and stop issuing of shares, the PPS value grows to match the stable. The evidence shows it has not issued more than the 5.1B (which shows restraint), has not submitted insider sales to market (haven't seen forms filed), and seems to be on a trajectory to where profit can exceed liabilities...(finally! Or already! Depending on your viewpoint. LOL!)
So as a business model they needed monster flexibility in making the prototype get built and moving, now they have it rolling down the runway and low-and-behold it's actually flying! Even better than expected at this early point! Now it's test pilot time to see how high and how fast it goes in order to see what, if any, controls & efficiencies & structures need to be put in place for the next model coming down the assembly line to be better. That's just making adjustments and planning for the future. The company has a major chunk of invested shares in making this work to the tune of the majority of shares! They either want to make a real company, or their doing a great job of pretending in order to snooker folks. But why go thru all the trouble of real products, patents, and sales networks if the aim is to just be another penny stock and ripoff investors? They could've stayed sub penny and achieved that. Things look too much like it's a real company going through normal birth pains and setting up for the long haul imo... (and doing it quite well based on sales and demand growth!) The video where they were testing to even see if there was a market was great; they were doing their research to see if it was viable. Whether they were expecting it or not, the demand is there, now they're positioned perfectly to be the supply.
The 5.1B gave me ALOT of pause at first too. But putting myself in their shoes they're starting out on the ground floor, didn't know what to expect in setting it up, have finally seemed to stabilize the bleed, and are on the climb out of initial setup of a 3 year effort to establish the company. The reduction and modification of Share Structure is now a matter of efficiency and desirability rather than stability and necessity. And a 3 year company build is NOT an easy task.
Based on market cap valuation alone I wouldn't be surprised in the slightest to see $.09-.16+ with a final price decided by shareholder confidence...and that's with current share structure before any improvements. But keep in mind this is going full speed into an amazingly fast-growing, emerging market unlike any have seen before, Wildcards could send it soaring with incredible spikes. ie. Fed's completely legalize, nations adopt, legislation defines Medtainer as requirement, international network sales, patent infringement proceeds, and so on... My crystal ball is broken to see what of those will happen in future, but so far the common sense approach seems to be working judging from PPS. Those might just be bonuses, not the cake. ))
All in my opinion of course.
Long and strong to $.10, but it sure is exciting being a spectator watching all the pluses show up.
Not a single share from me until into silver territory though. Go silver willpower!!! LOL!
Get thru the walls and we jump big time sooner than we expected.
imo ACOL is in a better financial position than OWCB...