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Is that a recent comment by Fireman, KGEM, or from his some time ago presentation? I know they are on stage again tomorrow.
At the risk of sounding like I’m carping, the action today, both early and late, is a perfect example of making money by “making a market” in an equity. The mms did very well today. If mrmd were ever to make it to the nasdaq, there would be at least a little policing of trade protocols.
By he way, KGEM, I couldn’t agree more with you about the revenue.
If you will read my post 1245, it will become clear that it is I that am controlling the stock price,at least the closing price. I’ll do what I can tomorrow. Looking to close out the week at the high 3.70s, perhaps 3.78 or 3.79.
Seriously, both the technical and fundamental aspects of the stock can give us pause, but I think the momentum play is legitimate.
Anybody out there good at technical analysis? The 3,5 and 12 month charts ( as well as the one day, look a bit textbooky as to double tps and subsequent descents. Could this be being traded by algorith? Seems too small, but somebody who can, please check me on series resistance at 3.90, with slightly lower resistance progressively predicted. I think the new year hopefully puts the lie to that and we see breakouts.
I caught so many falling knives that 4.50 takes me to where I was at 5.80, so I’ve become less greedy (haha)..But it’s been a long ride for me and I will probably ladder out some before those heady days you’re seeing. But I don’t mind if we get there! Glta
Well,
I’m talking to myself on the board these days, but what better company? Oh, well, good mood as mrmd is showing that steady price rise I’d hoped for. Back to where we were on the spike but in a much more orderly fashion. I’d settle for present 3.72 level for the day. I do think it could challenge the 4 barrier next week. There’s a technical breakout point around 4.30 I think? but I haven’t checked the chart lately.
Today’s action is encouraging but abundantly clear that mm action is responsible for the sudden rollovers. Another words, it’s a false high, with willing sellers held in abeyance while buy orders at a higher price are honored. Then the lower price sellers are acknowledged and pop goes the balloon. All this does is increase distrust of the price action. Of course, a motivated large volume buyer or seller will defeat that action and that’s the time to act.
Yes, that’s been discussed before on board. Tomorrow will be an inportant day, as will this week.
I think it has to be profit taking. I had hoped it might reach 3.35 and stay; the upsurge was far too soon. But, it shows that the potential is back. We just have to work out all the low ball purchases and profit taking. This week and next should accomplish much of that. I’m all for a regular and orderly ascent to level at or above 4. If a particularly purchaser appears, then we may get a spike above the 5-6 range. In that case, volume should be above the 1-2 million mark.
Well, it got cheap again, unfortunately.
Well, a good day so far. Hope it can maintain a mid 3 level today.
I think tomorrow and the first two weeks of Jan with DC settled will say a lot about future direction. Remember , a “simple” double represents a 100% profit, so.... I think it would be terrific,but .....
And my second wish is to close above 3. My third is for 3 more wishes....
And it has opened higher each day. Hoping for north of 3 this first day of 2019 despite necessary profit taking from the brave who bought at 2.40
Well, that’s it for window dressing, in or out. Tomorrow is the first day of 2019 ownership. Here’s hoping.
Hear!Hear! A bit more tomorrow, and a lot on Friday, please.
By the way, turns out last day to sell is Thursday for year end settlement. Hold tight for awhile.
I’ve been guessing it’s someone getting out at year end. If so, it will stop Wed. If anyone has thoughts, love to hear them. It is at - slightly below the technical indicator associated with double top risk.
Ok, ok. My last post of the day - I’ve seen this closing action before: rapid lifts and drops of 8-10 cents without buys or sells in between. That’s a mm manipulating.
Worrisome article under ACB stock about FDA withholding approval for cbd prodicts. But I’m in for another 12k at 2.59.
I think it’s year end, but I don’t know if sales on the 26th close before year end - I. Believe they do, so we have to sit through this again Wednesday. If not year end, explanation, I’d be quite discouraged by 50% pullback b
Anyone else watching this madness?
And happy holidays to you and all on the board!
Oh, probably, Captart! I should select none and end up just responding to prior posting instead. Just my ruminating about a hoped for end to this seller. By the way, technically, mrmd did retrace the full descent predicted as a likely worst case scenario by the recent double top. Hopefully, the strength it was trying to show this week will return after the 26th and we’ll see a quick pop to 3.40-50.
If it’s year end selling, it will end on 26th
There is a second Globeswire article today with the company predicted an increase in EBIDTA for next year.
This board is a ghost town.
It has to be encouraging that, as persistently as someone is selling down to the 2.90 range, someone is buying. I expect a tail off here at the end but stil.
Or is this the dump a week early? .50 cent swing today - watch the falling knife!
And here’s your buying op. 2.92
All due respect, I think calling it an easy double in 1st qtr is unrealistic. Love it if you’re right as I’m north of 50k holding now, but I think 4+ is more realistic. Glta
Volume’s dried up and who would buy? And we do have to be careful of a real drop if the seller is insistent to unload before year end. Without people buying, it could drop as it did a week ago.
I can’t imagine a rally getting footing until end of year; so perhaps the 28t to allow for settling. Till then, buyers will just be feeding the sales down to 3. Oh,well.
Didn’t check the premarkey, but you’re right about the seller, and my guess is we'll stay pretty close to 3 until they’re gone. Who wants to buy at 3.30 just to see it driven back to 3 the same day?
So it seems that it might feel tricky to buy above a certain level here if the seller is determined to go as low as 3. I expect that will be a bit of a drag on the small investor. I appreciate all the day on s/o, float, etc.
I’ll try and check that out We’d, Wingtrade. Presently buried at work but happy for mrmd’s recovery.
I’m hesitant to think the farm bill will provide a direct boost to mrmd, otherwise why not see something when it passed Congress? Be great if it did, but I think our short term ( perhaps long term ) fate hinges on how many investors are exiting and how much buying for year end window dressing might occur. The price is low enough now to somewhat limit sellers and perhaps invite an influx. While happy to see the MF article, it ended without a buy endorsement. Did properly note operating at a profit, excluding acquisitions. Glta
What a relief today’s action is. I’m still hoping the major seller is done.