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The importance of supporting your investment with bids.
I know you’re not a fan of bidders, as you’ve preached the importance of buying the ask.
However, today bid support played a valuable role in pushing the price higher.
Bids are a great way to support an established position.
I hold a relatively sizable position and had a 200K share bid that I moved up several times in tandem with the rising share price.
It was not my intention to buy more, but rather use bids to support my established position and apply pressure in an indirect way.
If people have funds available, but aren’t necessarily looking to add more to their position, keep in mind the importance of supporting your current position with bid support during a bull run, as it plays just as valuable a role as slapping the ask.
Go CANB
Rec
Oh... now suddenly you’re back in ;)
I’ve never seen a better trader after the fact. You are always perfect!
I’d love to study your trades if you have screenshots of them, lol.
Then again...hmmm...
I’ve added more CANB, VATE, and SIPC over the last 2 days.
The Friday going into the holiday weekend, often times market dynamics let up and allow a stock to breath. Tomorrow could see some nice green in all 3.
Additionally, historically after Labor Day marks the official start of the hot trading months for everything associated with MJ, which of course includes CANB, VATE, and SIPC.
Lastly, there are major catalysts as Sleek has laid out, that can provide monumental changes in US laws via passage of the Farm Bill.
The byproduct of which can bring massive gains to investment portfolios for those who have exposure in CANB, VATE, and SIPC!
Looking forward to the coming months ahead!
Rec
Good morning all! CANB golden cross will happen today.
A golden cross is when the 50 day moving average crosses the 200 day moving average and is seen as a bullish sign.
I have orders in for SIPC and VATE.
Go CANB, SIPC, and VATE!
Rec
Whoever was bidding, serves them right to have to pay a commission fee that will make the avg. price of those 8 shares about .75, lol.
It’s the risk one runs when they have bids in on a very thinly traded stock with a large spread.
Put AON orders in to avoid only getting 8 shares, or step up the game and smack the ask!
Long DFCO from .007 still.
Go DFCO
Rec
A team with a valiant effort that still loses a game/match, often times earns the respect of the competition, which in turn fuels a turnaround in the next outing.
I’ve always liked your rationale when it comes to the psych analysis of the various stocks you’re in!
I sense green tomorrow here in CANB!
Go CANB
Rec
Setting up nicely for tomorrow. Great action into the close for CANB!
Go CANB
Rec
CANB’s 3rd straight day with a million dollars plus traded. Friday’s session was over 2 million dollars.
Go CANB
Rec
New market maker in play, RF Lafferty and Company.
Go CANB
Rec
CANB has record dollar volume today! $2 million +
For any OTC stock, that’s a most impressive feat. This is the 3rd straight day with record dollar volume.
Go CANB
Rec
CANB should see over 2 million dollars in trading volume today.
This is showing incredible strength and the churn taking place while in the green shows this has legs.
This should continue its climb :)
Go CANB
Rec
That was another monster day for CANB and the grand salami brand :)
Sleek has outdone himself once again!
Go CANB!
Rec
This is classic ASCM behavior. Right now ASCM is trying to control the box.
The box is the outline, or space between the highest bid and lowest ask.
ASCM is controlling the box now and looking to pick up more shares on the bid than what they sell at the ask.
This is how they cover their short position.
There is no need to sell into the bid. Let CANB continue moving and force ASCM to cover at higher prices.
Go CANB
Rec
And now retail undercuts ASCM at the bottom of the box, which allows ASCM to in turn, lower their bid.
Palm to face!!
Sigh...
It was so close to pushing .05’s.
If pressure gets ASCM to move off of .0498, .05’s will be removed to let the stock continue its move north.
Go CANB
Rec
I love when smart money works ASCM into fits.
CANB!
Rec
Bingo! ASCM shadowing top bid now and needing to cover.
Smart money is working this today!
Go CANB
Rec
Big 500,000 share block just covered for a short position in CANB??
These were likely shares being sold short this morning that were just covered.
Rec
No single person can catch them all. There are thousands of OTC stocks. Obviously there are fewer of those that are related to or in the Hemp / MJ space, but there are still far too many to research for any individual to catch them all...
I like the churn I’m seeing in CANB today. It may be a slow start, but there was no real advance notice given on this new opportunity.
As with previous opportunities Sleek has shared, it takes time to bloom.
Go CANB
Rec
CANB - market maker ASCM just backed off the ask once again. I like that this market maker is hanging around the edge of the box, but moving away when the action is more active in that area.
What I mean by the box is the highest bid and the lowest ask.
I’m not ready to say ASCM is short, but I do like the activity by ASCM so far...
Go CANB
Rec
Great write up so far on CANB!
I’m watching closely the action and right out of the gate, I saw ASCM at the bottom of the box get pushed off.
Then ASCM moved to the top of the box as pressure on the ask came in.
ASCM has now settled outside the box, but this initial behavior at the opening was good to see as it shows potential for a squeeze.
The surprise addition of CANB to your other opportunities, VATE and SIPC caught people off guard, so I expect CANB to be a little slow out the gate, but from what I can see, this is another very strong selection with a very attractive share structure!
I also love the ticker symbol when it comes to your IPA theory.
CANB sounds very Cannabis like and historically, the stocks with the “sexiest” symbols that fit nicely into the “pot” sector, or have a nice “ring” to them, do quite well.
Go CANB
Rec
Long checking in here.
AMFE has strong roots formed in Toronto.
With multiple acquisitions over the last year and seeds being planted in other markets outside Canada, growth continues at a steady pace.
It’s a great thing when growth is outpacing the bottom line revenues.
Now is the time to place your bets and hold long for maximum gain potential.
Continued success to AMFE!
Long AMFE
Rec
This latest investment by Constellation Brands is a gigantic signal moving forward.
When the US gets their act together and reschedules MJ, investments like this will be plentiful!
Massive wealth will be and has been created for those making bets in some of the MJ / Hemp / CBD OTC stocks.
I see no reason why SIPC and VATE can’t have a top spot in investors MJ portfolios.
Good luck to all in the coming 2018 MJ mania! It’s nearing...
Rec
Nice article discussing CBD reclassification with FDA’s approval of GW Pharm’s Epidiolex.
https://weedistry.com/2018/07/23/dea-moving-forward-with-reclassification-of-cbd-ahead-of-gws-launch-of-epidiolex/
Rec
Hemp CBD oil is the best form.
https://hightimes.com/sponsored/how-to-choose-cbd-oil/
Just sharing a nice article.
Go VATE and SIPC
Rec
Thanks for tracking all of this. Let the press run with coverage and start bringing in the masses to the hemp / cannabis sector.
Go SIPC and VATE
Rec
Like! This is exactly what happened with Bitcoin last fall into the end of the year.
Experienced investors use their knowledge of a specific sector to invest early and then capture momentum and make smart trading decisions when “mania” kicks in as referenced in your IPA theory analysis.
I bring this up as a perfect example because most investors saw this play out beautifully.
The catalysts are playing out as we speak.
Canada just legalized marijuana nationwide when yesterday the Canadian Senate completed the process that had been playing out since April of 2017 by passing the historic bill to legalize marijuana.
The hemp Farm Bill you’ve been talking about since earlier this year will be voted upon any day now.
Media outlets are already heavily spewing about these events.
Grab your positions, and let the mania begin!
Go Hemp and Cannabis!
Respectfully,
Rec
ps I really liked VATE and SIPC, but I did choose to trade them and currently have very little vested interest in either, not because I don’t like them anymore, but because of my current limited exposure within each.
There are good vibes here Panzer and we’ve been in some great ones. But none that have a share structure and float anywhere close to DFCO.
So when you say this could be “the one”, there’s certainly some truth to that.
I’ll let Bonar take whatever time is needed to find the right reverse merger candidate that’s shareholder friendly.
Go DFCO
Rec
Judge clears way for T acquisition of TWX. Moving nicely in after hours :)
Go TWX
Rec
AMFE perspective: 2017 vs 2018 quarterly financials.
The year over year growth can be seen in this quick view of the quarterly financials.
Quarterly Financials
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064 g
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 Q3: $2,445,949
FY2018 only 3 quarters in: $11,653,872
Long AMFE
Rec
Incorrect line of thought....
Institutional investment looks at the underlying fundamentals when making investment decisions, not the past share price performance.
Right now there is a disconnect between the company and its share price.
The disconnect arises from the fact that AMFE is still on the OTC Pinks.
The investor mentality of those who buy OTC Pink stocks and the general amount of money backed by those investors is relatively weak in comparison to institutional fortitude and investment backing.
When AMFE completes the uplist requirements and starts trading as an OTCQB stock, institutional investment will close the gap of that disconnect I’m describing above.
It may not happen immediately, but it will.
Long AMFE
Rec
Consensus 2018 :) Below is a link that talks about this event and the relevance it has played in previous years with reasoning as to why it has relevance to this coming week of everything Cryptocurrency.
Large companies are taking notice and educating themselves in the crypto space.
It’s not just people within the field of technology advancement that are supporting the crypto space anymore.
This may be obvious information to some, but not to the majority of people who are still absorbing a ton of information about everything cryptocurrency.
https://coingape.com/coindesk-consensus-event-2018/
Long LTC
Rec
Commentary on today’s AMFE trading.
The classic intraday V dip and rip. This intraday pattern is almost always timed with a critical point in a companies stock trading action and a major sector or company catalyst. Examples would be earnings, options expiration, uplisting, 10K filings, rumored whisperings of buyouts, etc.
It’s a regular occurrence that experienced investors see across the board on ALL stocks, not just OTC. And it’s a legal maneuver, specifically played out to manipulate the trading price of a security in order to buy shares at an artificially manipulated low price in an extremely tight window of time that rarely allows retail investors to take advantage of the low prices, but rather take advantage of retail inexperience to take their shares away.
Here is an explanation using an analogy.
Let’s say there are 5 vendors selling sunscreen on a popular beach. 4 of 5 vendors are little guys just trying to make a buck. The 5th is a connected wealthy individual who runs/owns hundreds of sunscreen stands across many beaches.
This wealthy individual plants a seed of doubt to the other 4 vendors by starting a rumor that the beach will be closed for the summer starting tomorrow, because of city planning of construction and a complete overhaul to build a fancy boardwalk along the beach. All the wealthy vendor has to do is start discounting sunscreen drastically to “verify” the “rumor” in the eyes of the other vendors, which “forces” the smaller vendors to follow suit as they desperately try to clear inventory before the “rumored” closing of the beach for the summer. The wealthy vendor can afford to lose money on any given day due to the hundreds of other stands they own and operate and the ultimate end game.
A few hours later, the smaller vendors have sold out their inventory at a loss and moved along. These smaller vendors lost while drastically discounting their sunscreen, only to find that the wealthy vendor is back to selling at regular price and has 4 new stands open in place of where the other vendors were, now selling at regular price, recouping earlier losses because the vendor is now making 4 times the sales at regular pricing, with 5 stands vs earlier, when they only had 1 stand.
Plug in stock for sunscreen, whatever FUD story you want as relates to AMFE, and the 4 smaller vendors are average retail traders who fell for the artificially created “sky is falling” temporary discount on sunscreen who end up losing.
This market is not made for smooth sailing. Specific to AMFE, I believe the way to win is to be in for the long haul. This means you’ll have to weather some pretty rough seas at times, but I believe it will be well worth it.
Those who have positions in the red, looking to get out for even, I strongly believe your time will come and then some should you continue holding for that green.
As many negatives as there are that have been pointed out, the positives far outweigh the negatives. And in many cases, the negatives that have been pounded over and over, have been overcome.
I’ll comment on the focus being put on Roger Mortimer and his actions.
I’ve stated this before, but as the company continues its growth, even if Roger lacks the experience of a well seasoned and polished CEO, there comes a time when the sheer mass of others involved will collectively have a larger impact on the success of the company than the individual CEO at the helm. So to speak, the company becomes too big to fail only on one individuals actions.
AMFE is nearly, or already at that point. The collective pool of employees working under AMFE’s various subsidiaries, is likely well over 150 employees and growing exponentially on an annual basis.
Lastly, just some general comments.
Ignore the message boards if random words from random individuals have too strong of an impact on your decisions. Educate yourself and learn to verify using your own methods of due diligence and logical reasoning for why to stay or leave.
If you hang on every tick of every trade, that likely means you’ve over invested or have funds in that you can’t afford to lose. One should never be “all-in”. Reduce your position and exposure if you’re that stressed that you can’t sleep at night, and or watch every tick of the trade tape.
Apologies for the long post. Just logging my two cents worth and filling some space on the web while awaiting for.....
Long AMFE
Rec
HBO’s content is all under Time Warner.
Warner Bros. has their division that brings hefty profits from movie franchises like DC Comics (Batman, Superman, Aquaman, Wonder Woman, etc), Harry Potter / Fantastic Beasts, and other popular current mega movie hits.
Add the consumer products division that licenses the various brands of said movie titles for retail merchandising, licensing of slot machines in Vegas from shows/movies like Ellen DeGeneres, Willy Wonka, The Hangover, etc, profit sharing from licensing the Harry Potter theme park experiences, leasing of warehouse spaces for show/movie production, etc. etc. etc.
TWX is a profitable company that T should be so lucky to own if the silly anti trust legalities are successfully argued in favor of T’s offer going through.
There’s a reason TWX turned down Fox’s hostile bid a few years ago. And if for some reason T is unsuccessful in their acquisition, you can bet there will be more suitors looking into acquiring TWX. This is exactly what Jeffrey Bewkes has been priming TWX for.
The valuation of the acquisition is fair.
Point being, T is smart to try and acquire TWX. They have the subscriber base, way of delivering content via DirecTV and mobile platforms, and they’re working to get content. It’s a win win for all.
Even though I’ve taken some T and TWX shares off the table last fall, both companies have been, and still are great stocks to own.
Long on both.
Rec
This sector news is fantastic and should have an impact across the board.
The more legitimate companies like LVVV that have built solid business foundations using the proper channels that are recognized by legalities, will have the best chances of seeing sustained growth and prices that hold.
Go LVVV
Rec
Friday is the weekly call with the auditors.
Even though we’re looooong past the element of surprise, when the audit is signed off on, I would like it to be released without the drama and “leading” or as some may say, “misleading” tweets, from the company twitter handle.
Officially long on some of my AMFE position.
Rec
Double edged sword, great for OTC investors, not so much for OTC companies that rely on issuing shares to line insiders pockets or toxic funders.
Perhaps over the next several months, we’ll see some of those depressed stocks work out of their rut as pressure is alleviated.
If true, thanks for sharing!
Rec