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Yes I get that - this particular movement seemed very deliberate (not just a fat-finger blip). Just crowdsourcing..
Anyone know what's causing the 30 cent jump? Just stronger hands holding not willing to sell lower? I'm searching but can't find any news yet.
$1.87 first thing this morning, good buy opp in my book
$1.87 first thing this morning, good buy opp in my book
Hello random upswing... Yo soy muy confundido???
uhh unless you are being sarcastic or just trying to annoy him you may want to re-read that post you replied to..
That's exactly why I was using whole numbers. Also tried AON vs. non-AON fill types. And yes, I am no longer bidding for the exact reasons you gave. Even if I am able to purchase I'm not confident, as I said before, that I'd ever be able to sell them because - as you said - it's basically a crap shoot.
So no thanks I'd rather not play this game. I think there willbe many people caught in this trap of looking at the charts thinking they can make a quick 20-30% flip and be unable to do so.
4 days red so far on this streak. History shows this stock takes its biggest downward spike on red day #6 before bouncing.
Until something real happens this is momentum play plain and simple. I'll be there to chomp on some shares for the bounce when this drops again.
I'm done watching this ticker. I've been trying to pick up 10k shares between .10-.11 but NOTHING has gone through. While I'd love to flip this between .11-.13 all day like some are able to do I'm having zero luck. Even if I could buy in I would be concerned about ever being able to actually have a sell order go through at .12-.13.
Good luck everyone else, ashamed it had to end like this for PHOT.
Not until August 11, but Klye did make a promise to keep shareholders updated which would not require an official filing.
I don't disagree. In fact, that's the point. We only have OLD information to go off of because there hasn't been anything new reported like we were told.
I want an update just as much as the next person here.
Your sentiments are shared - here's an article posted this morning on OTC Markets:
http://www.otcmarkets.com/stock/VAPE/news
If you are happy with your profits and don't want to risk this going down then by all means stay on the sidelines. I am in and holding because I don't want to get trapped into chasing this Monday if news pops up in the morning.
I've also got extra cash waiting for the heat to get turned up on this. If news comes and exceeds expectation, I'll be doubling down ASAP but don't plan to hold all of it after a large, quick increase. So yes I'm long but yes I will flip a partial position on these kinds of runs.
Long or short, it's ALWAYS a good idea to take profits when available, and hedge in case the opposite of what you think happens.
GL
Pretty sure they loaded a couple days back. 6mil volume and we haven't seen close to half that amount trade since. Looks to me like those holding larger amounts already have their shares locked and are now holding tight.
The catalyst you speak of consists of these two pieces:
1) Upcoming WA legalization. People are loading in anticipation, and others are buying the quick flip knowing others are expecting this to help the pps go up.
2) Expectation of a PR regarding sales numbers. This is critical. Why? HIVE was acquired in Q1. That meant big liabilities reported due to acquisition, but the actual sales did not start until I believe 3 days before the end of the reporting period. Since then through a hinting PR of sales, another hint about their online success, word of things going well at the cannabis cup etc... it is now expected that these numbers will be GOOD.
This is what VAPE was missing - real sales of a real product. They have that now and people are buying into this. The stock went to $40 on hype, $1 because of how overpriced it WAS without the real product and a bad looking Q1 report (due to the reasons I gave above), and also the whole MJ sector taking a big dive during the quarter.
Now it is going to rise, in my opinion, on MERIT rather than hype.
Certainly looks to hit 3M volume... perhaps 4M with strong EOD activity? I'm definately hoping the company waits until at least the weekend to release any concrete numbers. I think the pps can and should go up to at least $3.5 by end of week and could double from there based on news. Sustainability will depend on market's reaction to sales figures and sheer number of flip traders here next week.
I think these 'insights' are pretty funny. Though VAPE is classified as a 'pot stock' the company has absolutely nothing to do with the MJ plant. They sell accessories that CAN be used for that, but are also used in many other applications.
Not once have I gotten a promo for VAPE. In fact, the boards have been very quiet lately through this upswing except for those saying its going to be halted or go to a penny or something like that.
It's not been the easiest one to call. I had my timing off a bit on today's trading because I underestimated the gains I thought we'd see today... but at least I picked up more at 1.65 before this last run.
STILL TO COME: News of expansion due to increased legalization and sales figures from Q2.
Cheers!
Pretty sure you also said this was going to be below $1 before it ever hit $2.
Good try though
Great point dadx4! Who would claim that a stock is about to get halted by the SEC - then BUY into it? That doesn't make a bit of sense.
They just acquired the product line (cost) and basically no sales had posted during the same period (rev).
Not going to hassle someone who bought low and sold high on the OTC since that's the way the game is played. The spike came too quickly as I mentioned earlier and it needed to cool a bit, but I don't necessarily agree with the reasoning. All companies have start up phases with large investments/expenses followed by revenue from sales. That filing includes what, one or two days worth of sales for the entire quarter?
Lol ok there's your $2
Could happen... though I'd prefer to see consistent stabilized growth over any quick spikes. Don't want to turn this thing into a flip-play. Looking for this thing to continue growing all summer.
Gotta love upward momentum... during lunch... without a news catalyst... much more fun to be had for sure!
A-MEN! GO VAPE!
Good to see Officer K on board! I may have to go ahead and agree with you on this one. My only concern is keeping PPS up at these levels prior to any solid news coming out knowing the number of quick flippers out there watching this stock.
I hope they don't prevent this from being a well-performing stock in the long run, but I'm a frm believer that company performance will beat them out as long as they truely perform well as I suspect they are.
Same here. Picked up @ $1.65.
It appears most traders on the sidelines here are waiting for a sales update before jumping back in. VAPE has been primarily a momentum play due to sector and product. Movement was more fluid prior to having a real product (aka moved dramatically on hype), but when they acquired HIVE the game changed. Now it will be sales related expectations. Until we have more concrete news there isn't any incentive for day traders to jump in on this since it isn't moving much. IMO, the only ones buying are expecting to hold at least a few months and the rest will jump in with solid news updates. When that happens I also expect to see a large short term increase followed by what I ope will be a new higher base price.
I see trades, don't know what you are looking at.
GrowLife revenues for its first financial quarter of 2014 increased to $2,382,836, from $760,709 in the same period last year, an increase of $1,622,127 or 213% compared against revenues in Q1 2013. By the same measures, gross profit increased $270,752 comparing the respective quarters, or 108%.
Yes, I know they are separate entities, but plenty of people try to spin the halt as shutting their business down which is not true.
You also used words like 'potentially' and 'questions have been raised.' They asked the questions, performed their investigation, and they allowed the stock to continue trading. Looks like they didn't find anything wrong.
hear-say? This is a penny company that has brick and morter stores and revenues. That's more than 90% out there can say. The only reason it's trading this low is the bogus investigation. Remind me of their findings? Oh, nothing? Right. PHOT continued to sell products and conduct business while its stock wasn't traded. The SEC didn't lock the doors to their shops during that time. The only over reaction was the selloff to the .05 range afterwords.
From what I hear Sharebuilder sucks for the cheap stocks like this. I've never once had a problem trading pennies with OptionsXpress.
We all knew no revenues for 1Q
Well it's not dropping like I thought it might at the open. Maybe those holding actually realize that this price was built in with little to no Q1 revs and understand that sales are going to be $400k+ during Q2.
Agreed. Looks like typical manipulation to me. Bring it down some off no real negative catalyst, induce some panic selling, wait for poeple to realize what's going on and make some $$. I bought back in at the low and it's looking pretty good from there.
10-Q delayed. Great. More waiting. So excited.
Interested to see how the quarterly report will impact everyone's view on the company. I didn't see the logic behind this stock being in the $40 range before acquiring HIVE and now that they have it the pps has been $2-5.
These penny stocks almost always 'create' more value on hype and anticipation rather than facts. Even if a product meets all sales expectations it doesn't ever seem to boost pps to those hype levels.
Having said that, I do think based on actual product sales and share structure that this stock is currently undervalued, but due to the typical reaction I don't see $10+ immediately. Its almost like before it was a game where you could see violent 50% swings up or down based on nothing (no news, etc.) but now that the reality has set in (real company with product being moved) VAPE will begin behaving like a real ticker. Traders like to play on people's emotions and it's easy to make money by causing fear and doubt or to tout like crazy during development phases; thats where these guys make their money whether they are buying or shorting.
Sales will grow, more products and outlets will yield higher revenue and the leadership will dictate how liabilities are managed given their assets. That, in the long run, is what can turn this back into a real $20+ stock.
The last period ending on that report link was Sep 30, 2013. Good try though... well, not really - did you even look at it before posting that link?