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No Pump here MCK1. If news was out daily and weekly that would be a Pump.
LVVV one of a few MJ Stocks that is not flat since March. All others hold true to the seasonal mantra. This has consistently moved higher.
That is even something you cannot dispute.
Realistically, the 7xPure would need to start to be cultivated before the State License is acquired. To get a license now is is a bit too early IMO. Perhaps the idea of Mojave Jane.
Mckinley1 - If you had to bet your life savings on sub-penny or higher levels here at LVVV, what would it be?
Noooo, we lost the race. I am ruined.
If LVVV was to drop like a rock to 0.04 on Monday, it would still be within the daily chart upward moving trendline. Nevermind the oversold situation it would create and slingshot effect.
So for MK1, cheer for 0.04 range because it would just solidify the trend. Also for your information consolidation is important and healthy. It will move sideways after spikes until important markers are met. Rather than breaking it, it bounces, and it bounces hard at that time. The longer consolidation the better. Parabolic moves are fun but not healthy. Nothing just goes up. Well, stocks that are pumped maybe do. No pumping here, all organic.
Personally I look forward to Canada legalizing, LVVV getting State license, start up operation, getting deals signed, and moving up on the exchange. Also, Mojave Jane will be acquired and they are state licensed MJ manufacturer. LVVV is paving the way slowly but steadily. If LVVV was pumping out News like some others are then it becomes an expected event. Those companies you can red flag, and unless the event is monumental investors don't react at some point anymore. Anyways, this is my Friday summary. I am looking forward and daily swings should not concern you because it is NORMAL. I could conclude with what is not normal and you smart people know what I am hinting at.
LVVV at $1.00 by 1/1/2019 if Trendline holds on Daily Chart. Currently solid and little deviation or distraction can stop this. That being said it can be hitting $2.00 if it wants to. But simple trajectory at this moment shows it is on track regardless what anyone wants to say.
McKinley1 should I sell now? Quickly tell me. I am confused, the chart looks good and they are about to enter a phase of prosperity with MJ sector. I suppose your answer is yes? Ok, Sold at 0.059. Now I will wait for a re-entry at 0.02 right? That is great. Easy bank.
If APRU goes through the roof that is only good for LVVV. It is a subsidiary. LVVV has a stake in it. Not sure what the concern is Stockzoom. Now you are complaining that Bill is not pumping it like APRU CEO. Why should he. This is not a race or a competition.
That is why it is not a Pump. Right.
I have suffered tremendously holding and thinking about buying more.
Not interested in supporting the company or CEO, but I am very interested in being here for no reason everyday. It is fun.
I flipped and made bank. Damn, now what? I will just time it like a PRO at Goldman Sachs.
McKinley1 - GREEN CLOSE.
7th Red Candle. McKinley1 & StockZoom Show about to be cancelled. Then they will disappear until they see another Red Candle.
McKinley1 - Trash? What do you mean?
Green Candle INEVITABLE.
Chart is fine. Incredible that people sell into pressure. But I rather have them then me be the one having to chase. Only Bagholder here is the one that is talking with no stake and skin in the game. Flipping is not really an option unless you can forecast price. Yes, I know McKinley1 will forecast 0.02 which was not a good level a few months ago for him. I am all good with current position and progress. Some cannot handle swings. If it were to hit my level once more, I would double my position. You got to look at it as a second chance.
Plenty of hits. Plenty of buy. It will be let loose soon. Weekly Chart shows 50/200 cross 2 weeks ago. PSAR just broken to upside. Daily Chart bounced off close to the 50SMA. So, all in all everything is intact. If LVVV was a fake or a PnD, chart technicals would never holdup.
Fundamentals point to tremendous upside in conjunction with technical chart. If you are a short term investor, don't buy, too risky. Risky because you will try to time it. You will make money, but you will be left out of bigger more meaningful movements when the wheels start to roll.
Tran-sur-fing - EXACTLY momentum like this will make you wealthy. THis is good news. Good contribution Tran-sur-fing
JDizzle, actually "in for pennies" is good at this stage, he is working the sub-penny range.
McKinley1 - can you tell us please where the price will be next week? Preferably each day broken down with High/Low. I would appreciate greatly.
Buy today and hold. Nothing to get excited about. I am Brain Dead until I see the right number I believe LVVV should be at. Then I take my profits and get my Brain figured out how dumb I was to hold this long. Right.
Not everyone is the same on this board. Not everyone has the risk tolerance or patience. When I started investing (day trading) I though I had it all figured out. If my stock I bought would not make the right move to the upside within 5 days I would go crazy and sell because I could not stand being down. Some here have that mindset unfortunately. I am not suggesting that all Penny Stocks are equal and worth the holding strategy. But this is different. Too many external factors can catapult it to the moon. I just don't feel like being the guy to later see the chart and say "I could have made $x". That sucks badly because it kind of reaffirms to a trader that little profits were cute, but that I made a long term bad and ugly decision.
Carter, I am glad you hear me.
Carter, I am at a very low price point so I was winning at 2,3,4,5,6,7 and 8 cents. I could have been out at 3 cents since it was consolidating for a long time. But now at 5c I would not be in any longer. I a technical guy and I see what is unfolding her. Swing trading or time the market is not my type of coffee. Making money is good, making real money is better. My reasoning here with LVVV is simple. Aside the technical of the stock the fundamentals are really shaping up to become a monster. Keep in mind July 1st CAN Federal MJ legalization. CA biggest market LVVV has its hands dipped deep with the team assembled. US will likely move from a federal perspective and legalize as well. I can wait and that may be the difference between us. But I know one thing for sure 2c 5c 8c that is not going to be the price level of LVVV in 1 year. Again, I will be in it. For me it is 100's of thousands of $$$ potential. I am not here of 10k.
Chart Support still in place. No issue here.
Thank you Carter. We will listen to you on a 1-3 candle swing.
Stockzoom - can you please provide a link for the 400-500k dilution that you claim to see. I am very interested. I will give you credit if you can provide something that substantiates what you are saying and not just generalizing just because it is a penny stock. Please go ahead, but nothing that has already seen here or discussed.
No reason to liquidate at 0.08. Locking in gains sounds great, but finding re-entry sometimes is not easy. Remember hindsight is 20/20. MJ Sector is still in its infancy. I rather hold the ups/downs but be in it. Don't have time to try to time the market. Also, 0.08 in hindsight was the top for now. But that was not clear at the time. Even if that was clear what is the point in selling when new highs will be reached soon.
Chart beautiful. Bounced off upward trendline. Amazing. This chart should be used in schools to teach technical analysis. Weekly chart is about to take off. For those that don't know, the higher the TimeFrame the more accurate prediction for overall trend. Right now overall trend here is 100% up.
I like your optimistic view. But I prefer a steady grind and move to the upside. Explosive parabolic moves will only prompt people to sell. But, that is the shaking process to the top. Not everyone will be in the car when the vacation spot is reached.
Exactly, nothing special, nothing new. Moving along according to plan.
I don't watch the trade sizes. But yes if it is wacked like that it can be held down. But temporarily IMO.
Rally fizzled. Yes. To the downside.
Looks like there is generally a retracement to 50% after every spike before the next leg. So like I said before, we may go down a bit more (maybe not at all). But Daily & Weekly charts are massive. PnD would have collapsed in January and again in March. Neither happened.
Stockzoom - Word of advise, don't invest yourself emotionally into this. Especially if you have no stake. But I respect your opinion, all good.
If all would have been dumped we would have collapsed the price. So, that is not true. Some have bought in at 0.005 so is it possible that they may think this is a great opportunity to cash in? Sure. Nothing wrong with that. I get it your point completely regarding Pennyland. I don't even trade anything else in Pennyland other then this. Just a tad different then the rest. Risk/Reward Ratio is low for me. Price is holding up and not collapsing, like all the other times. Something is different in MJ Land that makes it different this year. Majority Leader Bohner joined a MJ Board. Why? To just hand out because he is retired? There is a reason and timing for many things. Sometimes you just ride a wave.
I think this cycle part is they key here. If they buy in Nov and dump in January - then I am in a great position because the status quo as you have described is not occurring this time around. Perhaps if LVVV gets to 0.10 by Nov and then everyone buys and considers "dumping" in January...I would be well over 100k profit. So why bother doing anything now if Nov is coming . At least once a year. But for now I see nothing that suggests anything what you have experienced from maybe years before. I think you also said in March that the cycle is ending to get out. YOU would have cost me a ton of money. I understand there has been too many cry-wolf situations in this sector. Now you don't trust it anymore and don't know how to recognize it.
Stockzoom - I sense you have been burned badly before. Now, what is you mission? Linger on PennyStock Boards, see it doesn't add up. I may as well ask you what is your title/position in Pennyland.
All good in Chart-Land - 0.054 is trendline support. Even if it were to drop below that likely will bounce off immediately. So, chart technicals are all good. Drop from high 0.081 nothing unnerving or an issue. Daily Chart beautiful - Weekly Chart even better. Just broke PSAR to the upside. Last time that happened on the weekly was when it was trading at 0.008.
LVVV is setting up like nothing I have seen. Wait, Bitcoin did that. Nevermind.
CyberCall - you are welcome here. You sound sane and rational. Your question is valid. However, it is Pink Sheet so disclosure is far and between. You have to do DD as much as possible and arrive at a conclusion whether any Pink Sheet Stock is worth spending any time scrutinizing. It not, then nobody should touch any Pink. But occasionally there are those stocks that show more potential than most. If you would have bought at 0.02 and be able to sell at 0.10 for example, then all would not matter. But if LVVV really turns out to be as they are portraying then this may be something much bigger. Valuation is an issue, I get that. But it is not unheard of companies to reach 100's of millions of market cap on hot air. LVV has probably more than hot air.
MJ Stocks are in its infancy, there is nothing wrong getting into a rising stock or staying with it when the chart supports it. Pump and Dump's would have broken all support already. Historically MJ Stocks taper off around April. Well, there is more steam as it seems. Canada legalizing, and CA being the largest MJ economy helps quiet a bit. Going into 2019 LVVV could be riding a major wave.