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As a small cap filer they have 90 days to publish their 10K, so Jan. 1.
I had a similar thought. I think the 10k could change the game up a little bit...
It might be a POS, but Vape does sell Hive Ceramics which are fairly popular in the pot community. That's what I find interesting... mildly good product, but terrible management in an industry where people can quickly be taken advantage of.
This stock seems to bounce back up once it hits the .22-.23 range, which is why I've bought at like .26; it never stays at .22-.23 long enough for me to buy much. It apparently has strong, strong support at that range.
This stock is so ridiculously oversold (taking into account the reverse merger, that is lacks selling pressure. But, it also lacks buying pressure, so it just hangs out in limbo between .22-.38. Not the most technical analysis, but the general gist of what's going on.
It's being diluted constantly. Usually dilution is a trickle, with the spout getting opened a little more on some days, less on others.
Gotcha. I didn't think it'd go this low either. The dilution is HEAVY, but on the flipside, I can't see this not running at some point either.
What is your average?
BMAK is bad news.
They aren't killing the reversal. This is very normal, intra and inter-day stock price fluctuations. I wouldn't worry about the price going from .15 to .113 and then back up again. That is normal price variation. At least it hasn't closed below .01 yet.
In the long run, your analysis is correct. In the short run, we could see some heavy action.
It's closing above .01. We're still in the clear.
There is nothing unusual about this stock. All the stocks in this sector (E-cigs and/or Weed) are following the same pattern. The companies are seeking alternatives to bank financing, so they issue tons of convertible notes, thereby dragging down the stock price. Assume that if the price can go lower, it probably will, and hedge your bets accordingly. I think Dr. Pennystock is on the money when he says that in the absence of dilution, this stock will soar. It has the share structure (even after significant dilution) for large price increases in small periods of time.
So right, yet so wrong (not you, but me). This should be higher. The $4 million of equity will kill this stock. Bye.
The action today is nice. I'll give this one a bit longer and see what happens. I agree with you on the earnings; I think someone knows something we don't.
I wouldn't assume that so quickly. This bad boy is consolidating. The dumping by the institutional investors is literally the only thing holding this down. It is wound up tight for an enormous run in the future; look at the RSI, ADX, and CMF. All point to enormous upside pending this gets unleashed by it's institutional masters.
This was almost a year ago, but here is my response. HH was borderline pennystock back in 2011 but had some potential. It then spun off its international operations and revenue was cut in half. Since then, all of it's institutional investors, who accounted for almost 60% of the holdings, have been selling their shares. Until a turnaround is seen or revenue is doubled again, there is no way this will see $6.50. Maybe a $1 again... maybe.
...because it's still a Schedule 1 drug. GE could probably make their own in house better anyways.
Dilution slam.
Some people think the RSI line at 50 being a resistance point is a wives tale but I think it holds true sometimes. The weekly chart for SRNA shows 50 as a resistance point. This stock will go huge if it breaks the weekly 50 RSI line. I've seen some other stocks do so with excellent results.
I like this guy. (srs)
I agree, Surna is the best bet in the weed market if you want to consider long-term growth. Maybe you are right and it will be $3. Good luck to all in this!
I'm not hatin' on Surna or weed stocks specifically. I think this industry will be huge in a few years. But I think it's best to get out sooner rather than later; kinda like E-cig stocks (referencing ECIG (ticker), what a nightmare).
I agree with what Dr. Pennystock said a few weeks ago; namely, that news is somewhat unwanted at this point. The stock will push and pull quite nicely on its own. Nevertheless, the news they have been putting out has been exceeding my expectations and probably will have a positive effect.
My biggest fear is dilution on the distant horizon. It seems to have stopped, but I often wonder if it is buried somewhere beneath all of the trades we have going on or coming down the road again. Weed stocks don't have the ability to use banks the same way other companies can, so it is only a matter of time before SRNA goes back down again. Makes SRNA a terrible long-term investment.
Sophisticated pump and dump. Isn't it obvious? The Canadian owners of DNA Precious Metals get some schmucks in the U.S. to put on the facade that they are starting a company to get the stock price up while they dump shares. This company's stock, if it wasn't for the dumping, would be taking off. By the time the Canadians are done dumping shares, it will become obvious that Breathe E-cigs are nothing but an elaborate scheme to keep the price up temporarily. This stock and company are going nowhere.
The tricky part here is that there is nothing illegal about this scheme.
One of two things are going to happen from here on out: BVAP will go down into oblivion, or another reverse merger will take place and get us all temporarily excited again.