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real greenbacks.....this is chump change 127K
My $127k in xxii is now in the black... No worries
22nd Century Group Moves Past Another Hurdle (XXII)
22nd Century Group Inc. (NYSEMKT:XXII) is moving just as expected, and there's still time to hop on board.
By James E. Brumley
Jun 9, 2014 8:30:43 AM PDT
While it's only been a little over a week since yours truly named 22nd Century Group Inc. (NYSEMKT:XXII) as one of the market's best-looking breakout opportunities, circumstances dictate the message rather than the other way around. That's the indirect way of saying XXII has continued on ahead, behaving as expected, punching through its key ceilings and solidifying the bullishness it was hinting at late last month.
The day was May 29th. That's when XXII was in its third day of rally effort after pushing up and off a near-term support level - the lower edge of an expanding wedge pattern. As it turns out, the bulls would need to take a pause there for a bit. 22nd Century Group shares hit a cap of 3.28 there for the next few days, in line with the peak from mid-May, and started to act as if the rally effort was already out of gas. It wasn't. Thanks to today's 12% surge, XXII has picked up where it left off, punching through the ceiling at $3.28 and rekindling the uptrend.
It's also worth noting today's move has put some distance between the stock and the last of its key moving average lines.... the 100-day moving average line (gray) at $3.10. With the rally effort in full gear again after a couple of months' worth of consolidation, 22nd Century Group could remain in this uptrend for quite some time; a return to March's peak of more than $6.00 isn't out of the question now that the ball is rolling.
For those not familiar with it, 22nd Century Group Inc. is the developer of low-nicotine tobacco and other smoking-cessation products. The company isn't doing a great deal of meaningful business yet, but that's about to change. It inked a deal a couple of weeks ago to start producing nicotine-free cigarettes for the European market. Meanwhile, U.S. regulators continue to test the company's products. It looks like much of the work the company has done over the past six months could start to get traction over the course of the next six months, with real revenue ramping up early next year.
Veteran traders know how this works though... stocks tend to trade anywhere from six months to two years in advance of a company's results. That's why XXII shares went hog-wild between December and March - traders knew products were poised to be unveiled. They just got ahead of themselves. Now, with a little more clarity on the revenue front and with a little less indiscriminate, rampant buying, the new/rebudding uptrend looks like it could last a while as long as it moves at a steady pace.
About time for Perker to merge with more rumors....
I suspect if MSA doesn't happen in the next few weeks you can wait to fall at earliest...summer is coming..
This company is proving the old adage don't believe the hype....
No MSA, No News from China, No Institutional investors...all we have was a lame LOI w/ a Polish company. A LOI means jack....just fluff unless they ever close a deal...
prove me wrong.....
awesome post man!!!!!
that's the pumpers line....get a grip....they are hiding the reason this has lingered for a year and should come clean so folks can decide for themselves the likelihood of this ever transpiring..
Ok..the company emailed you that?...LOL.....so your using your free membership to make one of your first pumps....XXII...
We don't need that here....XXII will move up on its own merit but without MSA IMO.....and your ridiculous unfounded targets...
Who is they? Another fact less comment..
MSA is never coming IMO....The company should fess up on the reason for the delay, which they know, and true likelihood of it ever being overcome...
Lot's of generally this or generally that. Did you base those comments on a valid survey of companies who held road shows or is this rather your fact less opinion....
Clearly this is trending up and will likely be much higher by the bell ring. As I said...no problem with how things are developing other than they need to tell investors the truth on MSA....realistically MSA has no chance of overcoming those hurdles
That is fiction imo
Delayed is a kind word....the company must tell the truth
It's time for the company to fess up on msa
I agree that this should have a solid move up over the coming weeks and will be sitting much higher when they ring the bell in July....
I don't believe MSA will ever transpire as the company has not been transparent as to what the real issues are....I think folks are foolish to think it's just going to materialize one day....there are reasons they are not talking..
But I believe this will be fine w/o it.....
PSS is followed by many two bit penny traders which we don't want here.....
Let's not turn this board into many on the HUB....
Why don't you kindly post the XXII blurb from PSS.
Well if it had held gains my losses would have been cut to 10% or $13,000 on my initial investment......
I have to say that this PR speaking to an LOI overseas is typical of the type of press pumped out by pink sheet stocks...
Those LOI magically never materialize but perhaps in this case will....
Not what the market wanted..where is MSA.....
This trading was all the normal dirt sheet rotation into puffy.
As usual....all daily gains evaporated....
That is true......
But this one is going to be very stubborn....
There have been other big volume days that also failed to move this......investing in MSTX is like fighting against the dark forces in the market....this one is hated..
As usual MSTX is a head fake. Since the ANX days to MSTX this remains one of the most hated and disappointing stocks to trade....never changes....
Fluff for the road show. LOI means months to deal closure if it ever happens
So they are bringing the truckload of speculation on the road....no institution will responsibly risk money here unless they have MSA IMO before the travels begin. Otherwise it's all a pipe dream...and they are wasting time and money...
Perker, your odds of success are diminishing by the hour....
Read Perker's posts
Perker
What will this week's excuse be?
The company does not release news anymore....They will update through filings only IMO....look around there has been no press releases of substance...
The only flurry of news from them was during the self-serving run-up to uplisting to the worstexchange out there...
Perker....
It's been buckled for months....LOL
Enjoy your night...
I have not seen any PR only several SEC filings.....
It's funny folks were saying for weeks that MSA was not a show stopper there is so much more here....now everyone is hanging on closure of that issue as if it's everything for XXII...
I can see that because the company has not delivered any news of substance in months....
All this talk about China, MJ, BTI, etc. is just all speculation.
Call this company...it's a mom & pop shop located in the boon docks......
I don't trust these clowns for a second...
OK Big Stocks....time for some bolded red upper case font speculating....
Anyone ask the company why the MSA is delayed???? You should.....
I though the last two months were also the calm before the storm....
The storm could be days or months away.....or over a year....no one knows...
The company is quickly migrating to one of those who only update shareholders through the filings.....MSA aside there must be things that have progressed. If I believe Big Stocks the company had countless irons in the fire as well as a myriad of mega million revenue streams to choose from....not all contingent on MSA.
I believe this will be a great company but very painful for Hubbers to hold as news will be only through the filings IMO.......that approach to PR really negates the need for a board as there is rarely anything to discuss....just long waiting periods....
As I mentioned a month or so ago....
The Chardan Analyst has likely written his walking papers by stubbornly refusing to lower the $9 target. He moved certain timelines back several Qs ....yet somehow used smoke and mirrors to end up in the same place target wise...
I wonder the motivation........it seems quite reckless to me......
I don't believe anyone really knows when or if the MSA will come....but I imagine we all selfishly hope it does.
Nobody else bothered by the company's inconsistent PR stream.......they fueled the drive into uplisting with every sliver of news being announced and have now gone underground......
Also, the pages upon pages of forward speculation by Big Snocks regarding this transformative and disruptive company has been reduced to a few not very enthusiastic sentences I hear...just more of the same...wonder when they pull the plug....
The LLC may or may not be significant.....
It doesn't matter...All I know is that I have 35k shares at a 20% loss and plan to hold for the gold....complaining along the way.........
I am a true long.....