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Yep. PHOT hasn't had the 50% market correction that other MJs have had. could/should happen today.
Unfortunately many retails won't look at it as PHOT 50% correction but rather another indication that MJs Risks are too high.
I hope PHOT does not drive sentiment today, but think it likely will.
ASK at .859 on PHOT for moment.
could be interesting. very interesting
No Favour. In today's climate (fear of a number of negative catalysts) I can see a run for the door on PHOT within minutes of opening if not before.
This isn't a good thing for me as I'm in MCIG and FSPM which I expect to either trade well or not so well based on the barometer which will be PHOT today.
I hope to be pleasantly surprised... but can say it's been well over a month since I have been pleasantly surprised with MJs
MJs are turning into real POS's lately. Suspect that realistic prices / support prices will be revealed in 3 to 6 weeks.
Good luck to all.
what the heck was that? manipulation or just some idiot on a Market Sell order?
holding. nice. those flash crashes are a bit on the worrying side though.
crazy position
out my 2.56s this a.m. + my 3.33s I was hanging onto and down $1000s at open today.
got out 2.95s and 2.98s
Break even. puh. not sure if it was a good thing or bad thing.
looking for new entry! don't care if it's higher or lower
10 mins for order to fill. doubled my position this a.m. still only about 7% of my portfolio. but figure a decent bet at the moment.
difficult to fill orders this a.m. not many sellers around IMO
oversold yesterday. these could prove to be cheap shares.
glta
GWPH adds a bit of credibility to MJ sector. It's a 50%'ish MJ play getting lots of air time. Price Targets are in the $100 - $110 levels.
the more medical MJ / PHARMA MJs that do well the more there will be a knock-on to MJ sector in general.
glta
today good Add of FSPM. + a couple other MJs I intend to add also.
speculative gamble.
If PHOT trades well tomorrow it will benefit most of MJ Sector IMO
constant support around $3.15 or so. nice to see.. if that ever drops it may not be pretty.
here's to seeing $3.50 again soon!
WOW.. there is Life. Only 80% loss.. not bad for a POS SCAM
News! 1st $2.3 million order from $600M Gov Contract potential
http://finance.yahoo.com/news/widepoint-receives-first-task-order-120000705.html
1st quarter 2014 mining results
http://www.marketwatch.com/story/stillwater-mining-company-reports-first-quarter-2014-mined-production-and-recycling-results-and-announces-first-quarter-2014-results-conference-call-2014-04-17
http://www.gaininggreen.com/hot-stocks-transocean-ltd-nyserig-stillwater-mining-company-nyseswc-keating-capital-nasdaqkipo-international-business-machines-nyseibm/1223435/
ok. 3.33s filled. I'm in the fold. long term here. Good luck to you guys. Will add if it dips towards $2.50 as I suspect it could in the next week.
orders in the $3.35 range. made some good money on trading the MB IPO so have some cash to spend ;)
still think I'm paying a little too much, but want to be a LONG.. so here's to hoping they fill.
have a good weekend guys.
I was only going on a poster from earnings that said 15x was .75
so added up from there.
What do you think a profitable MJ should value at?
40x
60x
90x
?
I personally think 50x is market generous. But as always said, the market will price this and in 1 week or 2 it will settle either higher or lower and it will be priced IMO.
once it settles. I am going LONG.
I like FSPM and like its 2 - 5 year prospects from here
GLTA
What is multiple on Earnings that gives $3.50 again??
anyone? had in my mind it's around 65 to 70 times earnings.
thanks in advance.
Will continue to be a great Trading position. should get some die hard traders watching trading it for some time going forward.
in my opinion.
glta
Not Crazy. earnings prices FSPM at $2.20 tops.
maybe a .30 for charity.
JMO
and for whoever asked. I'm f'ing glad I stayed on the fence.
GLTA
/................
Wildly exaggerated expectations.
..With as near as I can tell little to Zero DD with regards to actually speaking with companies who are on the ground and hearing what they are experiencing with regards to business uptake and procedural delays occurring post-legalization-vote.
IMO quite a few people on this board need to come back down to earth.
so far this morning the silence should be a bit of a concern if I had a position. I was sort of expecting to see "some" trading from $3.31...
maybe day traders will force movement at open
Congrats on the Financials guys.
Timely Financials release eliminates a number of possible outcomes which could have materialized.
Step 1 is done. legitimacy is in place. Would be very surprised at this level for the audited accounts to reveal anything more.
Now we need step 2 for commence today. and that's for market to establish a Share Price that has the latest financials priced in + a degree of speculative value.
after this, we know where we stand and it's for FSPM to drive forward in a positive, business growth manner.
I'm not going to speculate on what the SP is going to do today.
We will know within hours.
Good Luck to all. Longs, Shorts & Watchers
nope that wasn't it. had about $85K in dry powder as "was" thinking on Friday that Monday/Tues would be Tank days.
Apparently my POS brokerage has adopted a new policy that NO shares under $1 can be bought through them.
..see themselves as being a higher-end institution with investors of the sophistication that wouldn't consider gambling on OTC.
Rubbish!!!
setting up a new brokerage accnt. I will be in MCIG within a week or so.
GLTA
yep. I added at $7.50 and sold all at 7.76.. still lost a little, but only hundreds.
I lost confidence. will continue to watch
Going to be a tough Week. Sell-off continues, bit of bargain buying on Thursday.
It's just a guess, but sticking with the strategy.
disclosure: 45% cash and waiting...
*oh yeah.. i do have limit orders in at $2.92 and $2.74 today GTC... who knows maybe they will fill????
$7.65 Bottom? Hope so. Added $7.84 and $7.89
good luck to all
FSPM Holding Great today in a Market that is screaming out for a flash crash
I say that as a compliment. Good luck to all of you
my brokerage wouldn't let me place an order to buy..
What's happening. SuperDump
Momentum Building. Stillwater is key Palladium miner in U.S.
Ukraine conflict and more so implications on Russian supply causing a rush in the SP.
This will continue as the crisis escalated.
Price Target around $20
Long for years is definitely the way forward. If you read a recent article it said that Retails are worst traders who often buy high and sell Low Chronically.
I went long on about 8 positions in 2000/2001... didn't even look at them for a year at some points. Was too busy growing, running a business I'd started..
In 2006 when I need some cash for a house I went into my brokerage account and 7 of the eight had done Fantastic. On average 4x return.
I did miss a pop in MRGE up to $28!!! from $1.50.. for the fact I hadn't looked in over a year. Still sold at $10.50.. so still good.
but cringed at the thought that I'd missed $28 by 7 months.
anyway. I've spoken with Fusion Pharm in the past and I like them. I think it's much longer hold then most on this board realise... I think $10 is out of the question short term. but yes. Hold on for 3 years and one would see very handsome returns here. IMO
..........
Buy Low and Sell High.
Stick with what you know. Duh.
FSPM trades have been my biggest wins since December. I like it, but don't necessarily trust the SP to be reflect-ant of true value.
increasingly worried about holding overnight. TBH
re: "so why you here, then"
$3.00 has been a 10 bagger with... let's be honest NO REAL news, Business wins, No Financials etc to support this $72M valuation.
This is a company which has sold around let's say 130 pods in 4 years. at What? $3.6M just a guess.
So really $3.00 seems a bit steep. will take a couple years for more states to really come on line and companies to go through the Authorization process to become growers.
Bash me. but I think an honest price for FSPM right now is around $1.75 - $2.30
I'm sure hyped up retails and traders will take this much higher than that at times.
but that's my assumption of an honest price for this SP right now.
GLTA
"This stock has hit bottom, and no where else to go
but up."
oh wait a minute this was said over the weekend.
How many times has this been said since about $5.50 ?
my guess is about 8 times.
Major Tobacco Companies to take on MJ Production... ??
I was talking to someone about this industry who is in the Tobacco world and the proposition was put to me.
Interesting one, NO?
running out of panic sellers which is good for Longs.. but not many buyers either at the moment ( besides swing traders ).
a wait for numbers, I guess
day trading swings losing interest. maybe we'll find a true value in the next couple weeks.
who was it that was Pumping this a.m. something about.. but in at $3.20 or lose your last chance??? ;)