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FYI, if 75 is broken it will be moving to upside. Right now sitting on 50SMA and pushing hard to close above. That is the 1h chart.
Agreed. I think many here are ok with the risk/reward ratio. If it pops it can earn you well above any % you will make in the general market. If it goes bust, well that is a different story. But the financials of 99% of these companies will be questionable. But that doesn't mean I don't want to be part of the gravy train. DRUS has challenges but there is nothing that suggests that the stock price cannot spike at any moment. Simple PR can create this hysteria. SP is low enough for any Joe to jump on.
PD4107 you sound like a cleaver guy. I would say if this was a Company traded on the NYSE or NASDAQ I would pay attention to the financials more than to a Company that is traded on the Pink or OTC. Majority have dilution because at this level this is how they finance themselves to an extend. This is also why Warren Buffet is not here with us on this board.
Billy, I would agree with that. I hope others reading this know this is purely technical and has nothing to do with fundamentals of the company.
Billy, I am looking at 50SMA at 74 and then next Resistance at 91.
Just want it to remain above 57 today not to break PSAR on 1H chart.
Broke PSAR to the upside and also touching 50SMA on the 1H Chart. Very positive.
Don't beat yourself up. Going into a busy period after Labor Day. There is going t be plenty of activity to make money.
ok so someone gave me 2mil at 67. I am ok with that.
Haha, you saw my bid. I was filled only partially.
Closing below 8 today or tomorrow. PSAR still negative on Daily Chart and bouncing off the 50SMA. Kind of rough, but will revisit lower levels before possibly moving higher. Sorry, it will not go straight up.
At least you have a plan. Just stick to it.
dbmich, $1800 down day here? Ouch. 9M is a large pack. Good only if you can stomach the drops too.
That is a huge jump. I understand company needs to dilute in order to invest and progress. What has DRUS done with the funds it has drawn?
I cannot figure out why the movements are so tiny. O/S 397mil Float 75mil.
daily volume like today 58mil. Should be creating earthquakes one way or another. Also, any idea why the address in CT is a rundown warehouse? Bannon listed as only Corp Director with 89% of shares. Is this legit or just a fake company? I want to invest but it is really not clear.
If someone missed this:
https://nypost.com/2018/08/02/alaska-collects-11m-in-tax-revenue-from-marijuana/
Drop in the bucket but uhhhh man.
I am sure they don't want to disappoint Jimmy Conners. So the SP will rise significantly within the next 12 months to allow slowly the restricted shares to be cashed in profitably.
July 2017 SP: 0.0003
July 2018 SP: 0.035
Weekly Chart 50MA 0.0244
YOY increase: 11600%+
So if it does retrace and hit 50MA 0.024 that is likely the best opportunity anyone will have in their lifetime. Even at these levels all fundamentals considered, it is very reasonable to assume it will generate significant gains.
What if: No PR's are issued because it is a slow period. Historically it has been. Then after Labor Day into 1st Q it is busy busy. I prefer the PR's after Labor Day. I know it is hard to watch SP declining, but that is the nature of the beast with Pink.
We cannot be "could have, should have" investors if you are investing in Pinks.
Enjoy your day fellas.
200 day MA on Daily is at .029
Imagine what 7 down weeks would have done to any other penny stock.
I would not touch APRU. It was moving in a classic Penny Stock fashion. Go ballistic and crash. Not liking it too much.
MD, that sounds logical. Acquire already licensed Company and not be dependent on State issuance. Technically that would suggest LVVV has a defacto license and just really focusing on partnerships. I think that would also explain why the state license is not happening now and no real push by LVVV. I suspect the Mojave Jane license will be the main license.
Honestly I prefer no PR anytime soon. With everything just slow due to holiday and notoriously slow months, I prefer a substantial PR when people will notice and pay attention. That being said I have of course nothing against PR's updating on the current status of the company.
gcmbrokers, I think you are seeing exactly what I am seeing. This asset is morphing into a blockbuster. Chart is holding, while all MJ Stocks down. Aside of the technicals on the chart, the fundamentals are shaping up in the right way. I feel that end of 2018 into 2019 is the big bucks year on this one. But I am sure you have been seeing this pattern before in your lifetime.
Penny Stock - Holding up they way it does is not normal. There is something supporting it and propping it for a reason. Most penny stocks will shoot up and crash down. That is why many nay sayers were so heavily leaning into this stock at the time when it should have come down. But never did. It is still holding and setting up for a run. News or no news, this is self sustaining at this point. It is the fundamentals behind it that make it so attractive.
Probably was ready and is done. Just no update.
Thank you JDizzle. That report really sums up what everyone was suspecting. Now it is only a matter of time to translate the resources into a true business model. It will happen, but everyone watching the stock and commenting on every single move is not good for the mind.
We are experiencing pressure but it is the whole sector at the moment. This doesn't mean that come fall this cannot do exactly what everyone is expecting.
Here Today, that article clearly shows the direction we are heading without a doubt. So we can live with the swings and consolidation periods LVVV currently has.
There is nothing to knock here other than the lack of update. We are aware of the potential advances that have been made but they are not published. Everything may come at once and swiftly. It has to.
I think Frustration Sales are being forced. People do it. I take my chances with this setup and the fundamentals that are shaping up. Have no issue.
Romans, yes you are right, but think about what this would do to a stock with no fundamentals. It would drop like a rock. So the fact that the stock is still holding up is an excellent indication. Anyone holding could have dumped a long time ago. But there is something about LVVV that is making it float and continue to be relatively stable. Based on chart something is going to happen big within a week would say.
The way I see it, it is obeying the April 23rd Low. Longer Time Frame Support more reliable.
Wow, that is a good entry point.I think it will pay off. Too many positives are happening in the MJ Sector for this to collapse and not rebound.
MD420 - you are 100% correct.
This is from a technical perspective and entry point. Daily and weekly chart still intact and look good. Bounce back would need to occur soon. It can drop a little further lower 4's but then a massive rebound should occur.
They are broke, McKinley1 has said so, everybody please go home now, good night night and thank you for investing.
Just be aware there are support levels right below 45. If you have a sell order at 40 you may be taken out just because. then it can popup immediately. I understand what you are saying about selling at the next pop. But is because you think you can make more money? Just remember your next entry point may be at a higher price point. But only hindsight is 20/20 right. If I would have cleared profits at 80 it would have been difficult to say with certainty what a good entry point is. Yes looking at the chart now one could easily say X was the best entry. But that is not how it works. Also with LVVV things will have to mature and it takes time. I cannot imagine that Bill is doing anything without having profits in mind. Sure we would like to hear more but again at this level of stock that is not how it works. One day someone wakes up and has some sold info, boom LVVV goes up. But if you can sell and be good with the other half that is a good decision. Nobody here can predict what will happen at what point. Many opinions and certainties.
BMel, all is still well. It is a psychological Game at this stage. Just don't break, because if you do, you exit, then next day to the moon. That would be the worst day in your life. Wouldn't you agree.
Absolutely correct. Baby steps that is what we need.
Up 10% today and a RED Candle. How do you describe that? Another down Day?
Here Today. You are 110% correct. I love LVVV holding the chart without PR's. Every time LVVV looks like it is going to breakdown, it is picked up quickly. Many PR's and constant Updates may help without a doubt. But patients will be rewarded. Too many variables here that can push this stock to a new level. We are all here because of the changing MJ landscape. LVVV is in the middle of it. We are not here because we like the chart from 2015. But some love to remind everyone of the past and forget to look forward in the process.