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Don't let emotion interfere with rational logic.
You've stated a position of over 2M shares in GRNH at one time before you started taking profit. I have no idea how much of your position you've sold, nor is it my business. Assuming you own others in the sector (salami portfolio), the last few days have been tough to watch as account value may have dropped a pretty penny. One can play the coulda woulda shoulda game, but that doesn't change the present outcome.
My point is, remove the emotion from your trading and look at some of the technical chart analysis being shared here. Be aware of the climate in the sector with the historic MJ initiatives being voted on.
I believe once emotion is removed and a rational logical thought process is put in its place, one can discover the incredible bounce potential we have here with GRNH in the coming week before elections.
I believe selling now is a mistake and automatically following another's "salami lead" without thinking for oneself, doesn't allow for growth in ones own investment learning curve.
I truly wish you much success in your investments!
Go GRNH
Rec
I'll say this again because I believe it's important for everyone to hear this perspective and understand what's going on.
Per the last couple days of trading here:
A ton of shares are being "moved out of the way" that may have acted as resistance at much higher price levels. It's great to have those bigger blocks out-of-the-way at these price levels, rather higher.
A lot of new investors who may have been waiting for an opportunity to buy in, received just that and act as a new base of shareholders holding in the .10 - .12 range, rather those who had been holding from lower price points. These new shareholders will likely want to hold for similar returns as those shareholders that may have sold out over the last few days, who held from much lower levels.
In theory, we should have an easier time getting through previous resistances as we move back up. There will be plenty of momentum going into these historic elections, and I don't mean the presidential elections....I'm talking about the marijuana initiatives for legal recreational MJ in 5 states, including one of the largest economies in the world: CA (where GRNH is based).
Chart technicals have cooled off, and reset for a new charge upwards. And they not only cooled off, but worked perfectly to a T! As brilliantly pointed out by captainscotty, aka "cappy", several days ago, the PPS strongly bounced off a key support level, the weekly 200 day moving average. (My apologies to cappy for a snide response to that post, I didn't think it would drop that low, but I was clearly wrong).
All in all, I think the last couple days action was needed. Those who trade the OTC shouldn't be surprised, as they've seen these moves time and time again. Not saying it doesn't suck, but there's just less panic and emotion spewed. I believe this is why there is an absence of some of the more experienced traders posting on days like these. When there is excitement, everyone likes to come out and play. Days like today and yesterday, it's just easier to walk away from the screen and know this is just routine. Set some buy orders at key support levels, come back later and see that your orders were filled and already sporting some green on those newly acquired shares.
Don't mean to ramble on, too late now, but today and yesterday in hindsight will actually be great days for many who initiated a new position, experienced traders who added at key support levels, day trading flippers, and it should be great days for anyone who bought shares much lower and may have panicked and sold. After all, profit is profit and should be celebrated.
Cheers to GRNH and continued success to all here. There is a ton of opportunity here for everyone!
Go GRNH
Rec
Since EDXC isn't quite as mainstream and as heavily traded as others, CDEL is definitely working the bid for a reason.
I believe those of us invested in EDXC and active posters here, are familiar enough with each other. Collectively, we can work together and "hold the line".
We are a strong group of investors here and we will see huge gains if we work together!
Go EDXC
Rec
Of course I'm right, lol...
Wish I had some more funds to capture some of these .05's, but I'm fully loaded now after the last couple days of dips.
Go EDXC
Rec
Absolutely agree Neo! I strongly believe we see an epic bounce with much less resistance as we move back up again.
I refuse to believe this is all we got going into an historic election with legal rec MJ very likely coming to CA (where GRNH is headquartered), and quite possibly 4 other states including Nevada, Maine, Massachusetts, and Arizona (where EDX* is headquartered).
Go GRNH
Rec
A positive takeaway from today:
A ton of shares were "moved out of the way" that may have acted as resistance at much higher price levels. Glad to have those bigger blocks out-of-the-way at these price levels, rather higher.
A lot of new investors who may have been waiting for an opportunity to buy in, received just that today and act as a new base of shareholders holding in the .10 - .12 range, rather those who had been holding from lower price points. These new shareholders will likely want to hold for similar returns as those shareholders that may have sold out today, who held from much lower levels.
In theory, we should have an easier time getting through previous resistances as we move back up.
Chart technicals cooled off today, and reset for a new charge upwards. And they not only cooled off, but worked perfectly to a T! As brilliantly pointed out by captainscotty, aka "cappy", several days ago, the PPS strongly bounced off a key support level, the weekly 200 day moving average. (My apologies to cappy for a snide response to that post, I didn't think it would drop that low, but I was clearly wrong).
All in all, I think today's action was needed. Those who trade the OTC shouldn't be surprised, as they've seen these moves time and time again. Not saying it doesn't suck, but there's just less panic and emotion spewed. I believe this is why there is an absence of some of the more experienced traders posting on days like today. When there is excitement, everyone likes to come out and play. Days like today, it's just easier to walk away from the screen and know this is just routine. Set some buy orders at key support levels, come back later and see that your orders were filled and already sporting some green on those newly acquired shares.
Don't mean to ramble on, too late now, but today in hindsight will actually be a great day for many who initiated a new position, experienced traders who added at key support levels, day trading flippers, and it should be a great day for anyone who bought shares much lower and may have panicked and sold. After all, profit is profit and should be celebrated.
Cheers to GRNH and continued success to all here. There is a ton of opportunity here for everyone!
Go GRNH
Rec
This was a violent hard shakeout today! Takes balls of steel to hold through this, or lots of shares bought in the .03's and .04's to shrug off big dips like this.
The chart had a major reset as you stated, and now GRNH is primed to make a huge turnaround!
Not gonna lie, these days are tough to watch. But I still have at least one steel ball left...
Go GRNH
Rec
Good trading Celes! However once one sells, time to move on, otherwise the preaching sounds like fear mongering in order to induce more selling...
Good luck with your next trade and see you back in GRNH maybe.
Rec
Polling suggests MJ initiatives are looking very positive!
I'd love to see Prop 205 for AZ pass, but it really only takes CA to lead the way. Once CA passes legal rec MJ, the entire MJ movement will gain huge momentum, as if it didn't already...
Go EDXC
Rec
Agreed Neo! It looks like we'll get a minor cooling today to reset some of the technicals, then back on track.
The chart here is a thing of beauty! I see a continued healthy uptrend.
Go EDXC
Rec
Experienced EDXC shareholders like yourself can see where the PPS is heading, and that we're clearly in an uptrend.
I like your thinking that the large seller sold for less than their original goal and therefore lost, lol. Guess it's all in the eye of the beholder and you won in this case :)
I believe your .06's will make others envious in the not too distant future.
Go EDXC
Rec
Score for those wanting to buy more!
I picked up more and will watch this trend upward once again and break previous resistance levels.
Go GRNH
Rec
Anyone have the address for GRNH's retail outlet?
I'm in SoCal and could possibly go check it out.
I'm sure I could find the address, just lazy and figure I might get an answer here :)
Thanks in advance.
And I like today's volume and chart cooling. It was healthy and needed. Onward and upward we will continue in the next day or so.
Don't get caught trying to flip at this crucial juncture. We are gearing up to break through resistance at .16 and when we do, a penny here or there on a risky flip won't be worth it.
Go GRNH!
Rec
Working through flippers on another solid day of volume, setting a new base in the mid .003's.
Looking to continue the uptrend established here with above average daily volume.
Go IGPK
Rec
.06's are getting chewed through and it should be thin after that. The remaining .06's are what's left of that big block ETRF had up for grabs.
Great news for EDXC today as this company continues its rapid growth within the CBD space.
Go EDXC
Rec
Nice slap megatron31! Once we get through ETRF, it should be much easier to continue moving upwards.
Thanks for being a team player and helping bring down that wall!
Go EDXC
Rec
Someone just take out ETRF, put that desperate trader out of their misery. I think they just want out and aren't understanding what's currently happening in the MJ sector right now.
Let them take their profits and we can move on from there :)
Go EDXC
Rec
What a nice turnaround! And it didn't take much pressure to push back green. Ok with a minor pullback or even close today. It makes the chart very healthy!
Go GRNH
Rec
Change your method, read posts saying it's going down. Everyone has there own method of madness, lol.
But seriously, today is fine as it resets some of the chart technicals and makes it easier to continue the uptrend.
Earlier I posted a screenshot of L2 and I believe it's much thinner going back up now.
Go GRNH
Rec
Glad to be in the .06's. EDXC is primed to go much higher though.
Product offerings are diversified in the CBD business and growth is rapid here.
Go EDXC
Rec
With some traders selling on this dip, it should be much thinner moving back up. And it does appear to be thin back to .15's.
Go GRNH
Rec
Looks great MADDSTACKER, EDXC's CBD Nectar of the Gods drink :)
Rec
Work as a team for our investment! Everyone hold your shares. EDXC is so tightly held and thinly traded. We can see massive gains here.
Good luck and hold the line!
Go EDXC
Rec
Quite possible! Barely any volume and EDXC is up big. This shows how tightly the float is held here.
Looks line a massive move toward your stayed range is very doable!
Go EDXC
Rec
Yesterday green on only 8.7M volume! Imagine double or triple this volume!
We have a gem in the making here.
Go IGPK
Rec
"Mass production and distribution" = revenue! EDXC already stated record revenues, this deal with PhytoLabs should certainly continue EDXC's growth in the bottom line!
Go EDXC
Rec
Awesome news for EDXC!! This falls perfectly in line with the rest of the CBD business that Todd has built.
EDXC is growing rapidly and looks to become one of the leaders in the huge CBD health and wellness space!
Go PhytoLabs and EDXC!
Rec
This!! You said it perfectly Neo!
"And I also believe that the longer it is held in a channel as it has been, the stronger and more powerful the run will be when the MM's finally let it loose. Going to be a fun thing to witness… "
And they've certainly kept this in a channel for the time being. When the time comes, I'll be front and center bearing witness to an explosive run!
Go EDXC
Rec
What a beautiful chart Neo! GRNH is busting at the seams ready to explode!
As much as I like a fast and furious mover, I love the steady weekly gains GRNH is seeing. It's much healthier.
But I do believe we'll have at least one of those fast and furious intraday moves before the elections.
Go GRNH
Rec
Up 63% on relatively low volume for the current PPS.
I believe we can easily see 20-30 million shares traded here. With that kind of volume, we'll be well on our way to a penny and beyond!
IGPK low MJ floater! This has insane potential to go big!
Go IGPK
Rec
Love seeing green with consolidation in the .14's happening at the same time! This is an extremely strong stock!
Go GRNH
Rec
Bid upticking throughout the day! This cannabis gem is being discovered and those getting in at these very low sub penny prices have the potential to see huge gains!
Go IGPK
Rec
Just a little fun details on how this deal came together.
http://mobile.reuters.com/article/idUSKCN12N0VK
Go TWX
Rec
CSTI is blocking so they can load on the bid. This is so obvious, yet sickening. Why keep it down? Just go with the flow and let this run like the rest of the MJ sector. It's only a matter of time before we see an explosion here.
Go EDXC
Rec
That was a killer big time slap! Big money is still flowing in and I believe we will still see some 20M+ volume days with big slaps and money pouring in here.
Go GRNH
Rec
IGPK is looking good here Neo! Thanks for the well wishes, and join the investors here if you come across any extra funds. IGPK details look really strong and the low float gives this one big time potential to run big!
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
Go IGPK!
Rec