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Epic week ahead for GRNH, good luck to everyone!
Rec
In times like this, there's no "cannabis coast" time. The only times are market open and market closed, lol.
I'll be anchoring both ends and everything in between!
You have a great morning planned tomorrow, as I'm sure all other GRNH stock holders do :)
See you tomorrow Captain!
Go GRNH
Rec
It wouldn't surprise me to see more Cappy, but I'm one to err on the conservative side.
Based on my observations of the last week of trading, I do believe the market makers will help aggressively push this into and after the elections!
Go GRNH
Rec
I believe GRNH can see an easy double over the next few trading days.
I've been waiting for one of those parabolic moves that GRNH is well known for. We have the perfect setup with the perfect catalyst this week.
It'd almost be easy to go dark this week and check in after the market closes on Friday, but then I'd miss all the fun :)
It's our time!
Go GRNH
Rec
Guaranteed news Tuesday, not from GRNH but California. This is the only news I'll be waiting for right now.
If Prop 64 passes, GRNH will go bigly!
I'm positive Haas has a plan for press with GRNH, but the biggest sector news that's guaranteed is really coming out of each individual state voting on some sort of marijuana reform this Tuesday.
The other 8 states with guaranteed news: Arizona, Nevada, Maine, Massachusetts, Florida, Arkansas, North Dakota, and Montana!
Go GRNH
Rec
Don't know why I didn't think of this before, but I can definitely see GRNH as a possible buyout target.
Here's my reasoning from a separate posting:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126342873
Go GRNH
Rec
Could GRNH be an eventual buyout target?
To my knowledge, this discussion hasn't really been addressed here.
As more and more states come online with the "pot boom", businesses like GRNH will see dramatic increases in demand for their products and services.
You can bet that large corporations will want their share of the mega profits to be had! HOWEVER, the pot business has NOT been run by large corporations. It has been run almost entirely by insiders with small businesses and dispensaries who really know the business and their products. I believe the art of growing and extraction (for other products like edibles, oils, supplements, and beverages), is not something "large corporations" know anything about.
So where does this position the mega conglomerates who want in? Or more importantly, where does this position the already established smaller businesses like GRNH? Answer: as buyout targets!
Per an "angel investor":
"Large corporations would likely flood the zone, and getting a foothold would be far more difficult, said Connor, the angel investor. At that point, he said, new entrants would “want to buy rather than build” new companies, and early investors would be able to sell their businesses and reap the profits."
GRNH's short term outlook is very bullish for me based on chart technicals, sector catalysts, and market maker behavior.
BUT the long term outlook seems even stronger based on the chance that GRNH could easily position itself as a major player offering "picks and shovels" to the rapidly growing marijuana industry, OR as a buyout target to a larger entity wanting easier passage into this new golden sector by way of an existing established business operation.
Go GRNH
Rec
Absolutely! 2014 was a great year and I believe some very happy nostalgia is in order for next week, especially for GRNH shareholders.
Rec
Some GRNH perspective from my years of trading the OTC:
Candidly, I'm not sure either presidential candidate is going to make a difference. Both Trump and Clinton have been quoted as pro cannabis. But there's checks and balances so it's not as simple as just being pro cannabis, getting into office and rescheduling MJ and legalizing across the board.
The real prize is when and if CA passes legal rec MJ. That's what everyone is eyeing. The other states are slightly less important, except for maybe FL which has medical MJ on its ballot.
As for the volume today and over the last 7 trading days, there's about 100 million in volume in the mid .08's - .11 range. That's a strong base from which to move higher from.
RSI as of today is right where it was before we blasted off from the .04's to .16. No proof needed, it's one of the easiest things to spot on the daily chart.
Look back at the chart when we were channeling in the .04 range for a while, then boom, breakout. I see this current .08-.11 channel as similar, with a lot more money and volume at this higher range.
I believe it's quite possible there is some heavy manipulation that MM's have been doing. What I see as a possibility is that MM's shorted, making money all the way from .16 to this current range, and then will make money all the way back up when they decide to "run it". The perfect catalyst for a "run" is upon us with CA likely passing legal rec MJ.
Taking a closer look and why I can see that shorting / major manipulation was likely in play, I use the Level 2 platform (you definitely need this tool when you trade penny stocks), and I've watched market makers walk the price down by constantly lowering the ask price when other market makers were well above on their asking price. There are two main "offenders". CDEL and ETRF. ARXS was doing some of the light lifting as well, probably just dabbling to see what was going on and to get a sense of direction.
The question to ask is why would a market maker lower the ask price? For example, let's use .105 as a price where some of the market makers are. Then CDEL and ETRF come in with asks of .104 and gradually walk it down while all the other market makers are at .105 still. Why do that when trades were coming through at the ask when it was .105? To manipulate and make novice investors lose confidence and lower their asking price, or sell into the bid, thus fueling a sell off. Then you have general trader sentiment and charts working in the favor of the market makers which makes it even easier to short. Trader sentiment was somewhat fearful this past week, starting with an "influential" trader spreading fear and dropping GRNH from the "meat" picks. For whatever reason, many traders follow some of the "influential" ihub personas, (and not always a bad thing) but I don't think the "influential" traders do what they do purely for the good of others, they are likely profiting big time by leading the pack to do what they want them to do. For whatever reason, they have strong loyal followings that allow them to sway the markets a little, or at least enough to create a reaction that affect general trader sentiment. All the more power to them and those who can profit from following them!
Then if you take a look at the chart, it can easily be spun as looking bearish and negative.
So what you have is the perfect storm for shorts. Market makers manipulating, poor trader sentiment, and chart technicals that can be seen as negative.
Experienced chartists and traders look at all these factors and take positions accordingly and flip based on whichever direction / sentiment the stock is trending. Basically, they go with the flow.
Given time for all this to play out, which I believe has happened, eventually sentiment must turn around and what better way to turn around than with a major catalyst? The timing is upon us and GRNH is ripe for a major reversal to the upside!
Nothing is guaranteed, but based on my years of experience trading the OTC and what I have seen for the last week and a half, everything is telling me that GRNH is about to explode.
This is all my opinion, so take it for what it's worth. My two cents if you will...sorry for rambling on and on and on....
Good luck and have a great weekend everyone!
Go GRNH
Rec
Last time RSI was in the high 40's on the daily chart, GRNH went from the high .04 range to .16.
RSI is now in the high 40's again. Where will we get to this time with the IMMEDIATE catalysts and sector excitement in play? We're in the .09 range now...do the math...
Go GRNH
Rec
Over the last 7 trading days, 100 Million in volume between mid .08's - .11's.
This is a huge new base from which to break out from.
Chart technicals are completely reset and we have catalysts and momentum that can carry GRNH into to new highs!
We could be in for a wild epic parabolic ride upwards!
Go GRNH
Rec
Round II? This is like extra innings in game 14 of a best of 100 series, lol. GRNH has been good to many for a long time and I believe we're in for another epic run to the "high" side. Onto much "greener" pastures very soon :)
Go GRNH
Rec
They certainly appear to be doing so! When this runs, it should be epic! I'm expecting that epic move once CA passes legal rec MJ.
Go GRNH
Rec
Nicely stated Loyalhound. The market makers aren't even being subtle. I believe they are setting this up for a monster move north.
"I'm too old to scare."
Experience wins in the end. Been here, done this, and ready to ride this upwards!
Go GRNH
Rec
Nice add old friend! GRNH is getting bought up by some of the smartest traders / investors.
Look at all the volume over the last several days. Huge accumulation in the .09's, .10's, and .11's! This is a great range to launch from. I believe it's coming in a big way once CA passes legal rec MJ.
Good to see you, been a long time :)
Go GRNH
Rec
IGPK share structure:
Authorized Shares
900,000,000
a/o Sep 30, 2015
Outstanding Shares
645,467,059
a/o Sep 30, 2015
Float
133,997,462
a/o Sep 30, 2015
Low floater MJ stock that could see explosive gains!
Go IGPK
Rec
Looking fantastic here! Low float value MJ stock still under a penny. Hard to find many this low with this share structure!
Go IGPK
Rec
It'd be nice coming to GRNH board and actually discussing GRNH rather than other stocks, lol.
Go talk about other MJ stocks on their respective boards please :)
I'm committed to GRNH and my belief remains strong that GRNH will see monster gains. It may wait until election results, but I believe it will happen once CA passes legal rec MJ.
If we get a significant move higher before, AND CA passes legal rec MJ, I believe we'll see further appreciation after that vote.
Go GRNH
Rec
Well said Neo, and from past experiences of mine in this sector, I will echo your sentiments!
Going back to bed while the east coasters lunch ??.
Go GRNH
Rec
When the MM's drop it quickly like this, watch for the bounce right back...
Go GRNH
Rec
Nice start to the day, looking very thin on the ask. Looks like we can churn through the .06's pretty easily and work into the .07's with some volume.
Go EDXC
Rec
Those are some nice hits coming in on the .06's.
I think a trader may know EDXC lags just a tad behind and is blocking to load more perhaps?
But as hits come in, they move remove the big block...
Not sure, but I do know from past experience with EDXC, that we can see a monster move north and anyone reducing their share count at this juncture is probably going to be kicking themselves when this is trading at higher levels.
Go EDXC
Rec
MJ Gods are here with us in GRNH, lol.
Stair stepping upwards beautifully today! I like this a lot, but as pointed out earlier, a parabolic move is certainly in the cards if the MJ Gods are indeed with us on this journey.
Go GRNH
Rec
4 bidders .056 and above, looking great here!
Go EDXC
Rec
Out of sequence trades going off now as they're trying to keep this under control...
It's going to get crazy good around here this week!
Go GRNH
Rec
For sure Neo! A parabolic move for GRNH is a practicality during times like these and we have yet to see it...
Wait for it....
:)
Go GRNH
Rec
I love how GRNH is trading today so far.
2-3 steps up, 1 down, repeating...
This is strong and healthy trading at its finest.
Go GRNH
Rec
Aaaaand, there's a .056 hit, lol.
EDXC is somewhat of a laggard, but it's always had its time in the spotlight!
Wait for it....
Go EDXC
Rec
Indeed it did porky! We'll see some huge volume this week I believe, and less resistance on the way back to breaking .16.
Go GRNH
Rec
This time, a break of .16 is in order. Many sold on this recent dip, which in theory should create a stronger base with less resistance as GRNH moves back up.
Go GRNH
Rec
And to see that only a couple milly shares traded moves GRNH up very easily...man, we're in for a monster move as volume continues trickling in. Can't wait to see what a 30M volume days brings here!
Go GRNH
Rec
Coming fast and furious now, GRNH busting back with a vengeance!
Rec
Bids keep building! Gonna be a great start to this historic week for GRNH!
Rec
Great seeing you here Trip! GRNH is in for an amazing run, good luck to you!
Rec
EDXC: Huge ask slap! Nice buy whoever took those .0525's out.
Go EDXC
Rec
Porky, it seems as if you're sabotaging your own investment.
Have some faith and bring some positivity.
You appear too easily influenced by what others are saying, rather using your own set of guidelines and ability to come to your own well researched conclusion.
I mean, you're being influenced by a self proclaimed red neck who said they're just throwing money at some green?
Apologies if I appear to be calling you out. I'm only trying to get you to come to your own conclusions based on your own research :)
Again, continued success to you. I know you've done well with a lot of your MJ holdings.
Go GRNH
Rec