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Seems like most stocks on the MMJ index have followed the same course - I.e. a massive run up and subsequent sell off. What is the reason behind this? What are people expecting this index to do from July onward?
Seems like most stocks on the MMJ index have followed the same course - I.e. a massive run up and subsequent sell off. What is the reason behind this? What are people expecting this index to do from July onward?
Me too! I'll let the news come out on its own. That was meant to be a private reply.
LOL. Funny cause I just got a heads up about a $50m buyout offer. I'll buy your shares tomorrow morning!
Three green days in a row is nice and looks to have created a little flag continuation pattern. Broke out of the downtrend and sentiment seems positive. Volume is trending up. I would love to see about 3.5m shares traded and a close between 7 and 8 cents to end the week, followed by a badass PR or article on Monday to send us skyward all next week. I believe the e-cig industry is projected to be a 17B industry in 5 years and with MMJ projected at 8B, this is a company positioned to take a market share in both. Just 1% would be a 250m market cap, or about $0.76 per share. I'll just hang onto my half million shares for a little while longer ;)
Assuming we have a real bullish harami cross here and reversal, I project this stock to be at $.102 by 7/18 based on the new trend. Might see a spike to .12 before that...
See my last post.
My Bet on VPOR
One of the most volatile sectors of 2014 thus far has been the Green Sector, made up of publicly traded companies who are taking positions to profit from the decriminalization of marijuana. As there are only a few US States adopting this right now, any company who gets into the action now has a significant first-mover advantage. This is especially true as the commercial aspect of this industry gains momentum and states start to see tangible benefits such as skyrocketing tax revenues, less impacted prisons and lower healthcare costs. Much like the gold rush, those who have potential to profit the most will be a degree or two away from the precious resource, whether its gold or marijuana. Those who sold the picks, shovels, clothing, etc. made far greater profits than the average gold miner. I see those who are making improvements on the technology and efficiency of the use of the resource as the ones who stand to benefit the most. I am bullish on this industry.
There are roughly 45 companies traded on the Medical Marijuana Index (MMJ Index) at this time, and most are OTC due to their nascent nature and low share price/market cap/etc. The fact is people do not know how to valuate these companies yet, and the stock values are heavily based on trends. As time goes on, those who demonstrate strong financial performance will prevail, leaving the others in the dust and creating a new cohort of millionaires who took a calculated risk. It appears that this sector has reached a bottom and will begin its climb upward over the next few months. I do not expect it to surpass the highs of March this year, but it will certainly correct. Now is a good time to get into this sector, in my opinion.
At this time, my bet is on a little company called The Vapor Group (VPOR). They market and sell a portfolio of brands of Vapor pens, e-juices, wax/herb/oil vaporizers and other technology that is truly making a splash with consumers. Their stock came about through a reverse merger with SPLI, and the stock symbol was approved by FINRA to be changed to VPOR in late April. Many MMJ companies' shares are temporarily being halted due to sketchy financials or press-releases, but FINRA's review and blessing leads me to believe that we are safe from any halts at this point. Share value associated with this company has ranged from .04 to .45 in the last six months, and it is a strong bet that this company's value is somewhere in the middle. Let's say $0.25. They recently released Q1 financials that demonstrated nearly $1 million in revenues and a 60% gross profit margin. Fortunately, demand exceeded supply and they decided to finance additional inventory via debt, rather than dilution. The investment company who funded this has the option to convert their shares in October at $0.15. Assuming this investment company likes to make money, we can assume leadership feels this stock will be trading at a premium of that price at that time, potentially up to $0.20. As this is a new company, some other costs caused the quarter to be unprofitable. The CEO gave guidance that Q2 should be significantly better than Q1, and Q3 is where the real breakthrough will be. They will be opening a few brick & mortar locations in Florida an will continue to distribute their products through already-established retail channels, as well as online. I have purchased over $150 in product from this company and plan to order more e-juice soon for my vape pen. My bet is that this company becomes profitable this year and will bring in revenues of $8-10 million.
With current shares trading at below $0.10, I am bullish on VPOR and see this price climbing to $0.20 - $0.25 by the end of the year. I am long on this company and was not compensated to write this post. Just wanted to get my thoughts out there.
Observation: if this is the trend reversal, I am seeing a double bottom formation with a price target of 14 cents in 2-3 weeks. Fingers crossed!
I say we see it rip up to the 100 Day average of .11+ sooner than that. Seems unlikely but I think people just need proof that it won't go to zero and the money will start pouring in again.
Where do you see this stock by the end of the year? Seems like it can only go up to me.
Why do you say you "might" jump in? Just trying to get an idea of the sentiment out there.
As is, this stock is worth 23 cents per share. Those who have an average above that are screwed. Sorry. Average down or forget about it. The low float should bring us to where we need to be in the next 60 days. I'm excited for what's in store. All we need is volume, but sure would be nice to get a little bit of insight on what revenue will be since q2 is almost over. Other companies do PRs on sales figures so why aren't we?
Seems like the sector has bottomed. Some days I want this to be a pot stock and some days I don't. The highest margin will come from the juices, followed by hardware and then markups on products sold in-store. CBD is the wild card. I'm betting on a buyout with this stock. Posting on here and on twitter is like advertising to those who already own the product. We need new money or we aren't going anywhere.
473k here. Locked and loaded.
Seems like nowhere to go but up... I'm holding 473k at .1083 average. Hoping for a good 26th birthday present come December. Sure is boring though.
Any insight on the weak Friday volume?
Bottom was 8 days ago at .06. Welcome to the future.
Left shoulder: .08
Head: .06
Right shoulder: .07
Neckline: .105
30 day target price if pattern holds: .15
Needs volume. Needs patience.
When I sell this stock I will have turned $50k into $80k in less than 3 months.
What do you guys predict the price to be on 6/30? Be realistic...
Today looked like a higher low and a reversal. Tomorrow we go green.
Anyone who isn't flipping is definitely growing weary, but this stock is proving every day that this is the BOTTOM. In my opinion we saw the bullish reversal about 1.5 weeks ago and we are moving farther away from the absolute lows with time. We will see it touch the 50 DMA before it hits three cents. The short momentum is waning. It's my opinion that the ticker change caused a lot of confusion on trading platforms and even TD Ameritrade still has a glitch on the one month chart. I think the awareness of this stock is minimal. I think the company needs to illustrate ongoing sales information more frequently than quarterly if they are indeed going to hit their goal of .15 - .18 cents To anyone above .30 cents, you have some time to wait, but anyone holding below that, this stock will move again very soon. My favorite thing about this sector and this stock is both are volatile and inefficient. Same with bitcoin and look at the rocket ride that is taking.
Anyone else see a cup and handle from 5/15 to present on the hourly candle chart?
I like the higher lows. Just needs some volume now.
Far as I know, they are on some serious buyout radars... Could be related.
Yea man! BTC$ circa one month ago.
By saying it should be .20 by Q3, means that the expected value is there and we will see .20 far sooner than that. A little transparency: I'm in this for the short term and will accept .14-.175 for my 500k shares. Who's buyin?
Solid bullish reversal today. Let's confirm tomorrow.
Yesterday was it. Time to turn the corner.
So the tens spoke up. Who's holding the biggest bag?
What's everyone's average? Mines $0.108
And we just got $1.25m in debt financing that will show up in Q2. I give it a year before anymore financing is needed.
I know it's probably too low, and I apologize for that. I saw a similar situation with @RTX this year and the only thing that helped them triple was PRs about ongoing sales. Seems like Yaniv is thinking about that by showing us the barrels. We need smarter money to come in now.
Beat part about tomorrow...
We aren't expecting any news. Prepare for a green day.
This may be a bit of a hack job, but I made the assumption that they can increase revenues by 15% Q over Q, that they can maintain a 60% gross profit margin, and that many of the costs that come after are fixed or have little to no growth factor. From that we see that they will have their first profitable quarter in Q4 of this year. Further, I calculated the total future earnings over the next 5 years (the boom years), and came up with an estimate of $0.13 EPS. If we trade at 20x earnings that puts this stock at a fair value of $2.66 per share today. Wake up VPOR!
VPOR
Market Cap 26,080,000.00
Stock Price $0.078
O/S 334,358,974.36
REV GROSS PROFIT NET PROFIT
2014 Q1 $1,000,000.00 $600,000.00 $(248,000.00)
Q2 $1,150,000.00 $690,000.00 $(158,000.00)
Q3 $1,322,500.00 $793,500.00 $(54,500.00)
Q4 $1,520,875.00 $912,525.00 $64,525.00
2015 Q1 $1,749,006.25 $1,049,403.75 $201,403.75
Q2 $2,011,357.19 $1,206,814.31 $358,814.31
Q3 $2,313,060.77 $1,387,836.46 $539,836.46
Q4 $2,660,019.88 $1,596,011.93 $748,011.93
2016 Q1 $3,059,022.86 $1,835,413.72 $987,413.72
Q2 $3,517,876.29 $2,110,725.78 $1,262,725.78
Q3 $4,045,557.74 $2,427,334.64 $1,579,334.64
Q4 $4,652,391.40 $2,791,434.84 $1,943,434.84
2017 Q1 $5,350,250.11 $3,210,150.06 $2,362,150.06
Q2 $6,152,787.62 $3,691,672.57 $2,843,672.57
Q3 $7,075,705.76 $4,245,423.46 $3,397,423.46
Q4 $8,137,061.63 $4,882,236.98 $4,034,236.98
2017 Q1 $9,357,620.87 $5,614,572.52 $4,766,572.52
Q2 $10,761,264.00 $6,456,758.40 $5,608,758.40
Q3 $12,375,453.61 $7,425,272.16 $6,577,272.16
Q4 $14,231,771.65 $8,539,062.99 $7,691,062.99
Total Net Income $44,506,149.57
EPS $0.13
P/E of 20 ---> $2.66 /share
This is a penny stock - will be around 2-3 years until they get bought out and does not have the momentum of failure. Price will go up. Now that 10q is out we can stop kidding ourselves with the fundamental analysis and play the chart. With volume we close between .09 and .10. Good luck.
Think of the MJ money that will pour into this thing once it becomes known that it's legitimate and profitable...
Anyone find it interesting that The Vapor Group is posting a bunch of their PRs on twitter this afternoon?
Anyone want a laugh? I swing traded BTC$ in April and made $19k in profit. Their revs for Q1 were $11k. You just never know with the OTC.
I've been pseudo long VPOR for three weeks now and looking to gain some traction. Calling next week the real turnaround as we go further from reality aka press releases and focus on momentum.
I made $19k off this stock in April from playing the double bottom. Now I'm in vapor group (vp0r) and it's about to start liftoff next week. Check it out and thank me at the end of May.
Just wait until Tuesday.