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Thanks for the kind words. I've actually been in and out of this one for years. I've gotten this one as cheap as .0003 and have made tremendous gains flipping this stock. Its a very unusual stock to trade to be honest. It has random volume spikes with no news. To the ones stating about "someone must know something is coming etc" that is not true. They have been artificially stimulating this stock for a long time. I am not saying there will not be a run or some positive movement because there easily could be but don't bet on news just because of the volume spike. I have a lot of money to use and didn't mind buying a couple M before the close but no one was on the board when I made my statement so I didn't buy in. I was only going to buy in if someone painted the close. I didn't get a reply so I said hell with it. I have a feeling I'll be able to buy the 9's tomorrow or possibly lower, we'll see. RSI is in the 50's, a long white candle was seen on Friday, it will be an interesting day tomorrow but would not count on news. As for now, I would not recommend this one until I see the performance in the AM. As a note, it does have strong PPS runs, I've been in this heavily in the past and made 200% gains within a couple days quite a few times but I always take my profits. Longs get burned here, and I've seen it over and over again. I am not bashing this stock by any means just stating what it does. I've played this one for years, before any of the ones on this board. It runs hard and then falls back. Run, rinse, repeat. Over and over again.
Debating to take out all of the 9's here. .0012 is above it. Would someone paint the .0012's if I take out all of the 9's?
VFIN on Ask, be cautious buying here.
Thank you. I haven't left just busy with a heavy project. I have been in a few other penny plays but this project has been very time consuming. I hope to be done with it by the end of this weekend so I'll try to post more frequently on this board again once it's done. Hope everyone is doing well here. I sold my DT shares this AM but am still holding my LT position here!
I'm out of here folks. This looks like dilution to me. This came up for the hype and is now selling on the news. Push all of your thoughts out of the way for a second and think about common sense here. If the presidents signing was going to make a difference to the PPS it would've opened green. I bought in before the bell yesterday thinking we'd have a gap up and run but it's completely opposite. This isn't going anywhere but down unfortunately. Yes there may be dips and smalls bounces but overall it's still declining. Just look at the 5 day chart. Its been lower highs and lower lows. Its in a downward trend and on top of that selling on the news.
Not bashing by any means just stating my opinion. Good luck to all.
Hold tight, let this thing ride us to the top!
http://finance.yahoo.com/news/hemp-inc-declares-victory-american-100000389.html
This will be going up tomorrow. I feel bad for the ones who sold into today's decline! Congrats to the ones who picked them up! I couldn't resist, I bought in before the bell.
We should see a gap up in the AM. Obama is signing this into law at 1:00pm. Prepare for a massive run up. Today's decline was manipulation to accumulate before the run. Everyone should've expected that! This is how pennies are played. If you didn't know then you completely missed the boat!
I bought in, couldn't resist, could see a nice gap up tomorrow.
Everyone here has been saying "add" and "these are the cheapest they will get" all it's been doing is getting "cheaper" don't try to catch a falling knife. It is only as good as a quick flip because in essence it will continue downward and the only way to make money in a scenario like this is to get in and out off the small bounces on this decline.
This will continue down today. RSI is still high, much needed pullback however its not done especially with all the continuous selling and dumping. Calling around a .20 close here. We'll see.
I apologize I didn't see this until now. I've been really busy with a project these last few days. I haven't looked at the charts to give an accurate prediction but know this jump was from the news as many of you know. Looks like its holding well.
What a dump!!! Glad I got out yesterday! Down she goes!
Sold at .3399!!! Buying back in on this dip!
This is why I love this stock! Hope everyone held or added the last few days! Easy money, easy money!
This is why I loaded the boat yesterday before the bell! Sitting with massive gains at the moment!
Who saw the .269??? Tremendous buying pressure and finished solid. This is screaming for a monster open!
Buy!!! This will gap in the AM!
Up we go! Hope everyone has been buying the last few days!
Bounce from .22 to .27!!! This is a money maker all over the place!
Wow sold above .28 and about to buy in again! I love these swings! Money money money!
Damn that was an amazing bounce!!!
Predictions for tomorrow's open? I think we will open above the HOD easily. From the volume and buying pressure in today's session a .20-.25 open is very plausible.
To be honest I don't have a "bail out" point I'm just continually watching it. I play the swings with my DT shares but have been holding my LT since the double zeros. The manipulation has been horrible with this stock lately. Lowers lows, lower highs. I'll need to do another analysis on it to see if its worthy of day trading it at the moment. I'll try to do it tonight and post it up later.
Ignore every trade that is after 16:00:00 there are no after hours for OTC. Everything reported after 16:00:00 is a late print (a trade that occurred during the session that wasn't shown until after the market closed). It does not effect the stock or PPS.
I bought my DT shares back at .0122 before the bell, worked out well.
Added another 75K before the bell. Would love to see a nice gap up tomorrow!
Hey guys first time to this board, looks good. Just bought in 100K here. Should see a gap up in the AM the way this has been trading.
Just letting everyone know, there are 6 MM's on .0128 (some of them are hidden) one of them is VFIN. Huge resistance at .0128 and we can't seem to break it. We'll see a close closer to .012 than anything. This is a sign of confined positioning. If this isn't broken soon I will be selling my DT shares, just giving you guys an update.
VFIN is sitting on the Ask. This will be going back down to the .012 again. Be ready for another dip. This has been going on since the bell. Debating to unload here and just buy back in.
To the ones who have sent emails. I am very surprised he bothered emailing anyone back. CEO's don't normally communicate directly with individual shareholders regardless of how large ones position is. If you did receive an email consider yourself lucky. To those who didn't get a response, that's the normal don't take offense or change your attitude toward the company. That is business and that is how it works.
I'm not selling a single share today. Us whales are loading more today, I have no idea why people sell into these manipulations! They will always buy back in at a higher PPS when it gaps or runs and "starts to turn green."
Added 500K! Oversold territory and bounce imminent here. Should move up!
L2 very thin on the Ask. Less than 500K shares all the way to .0156
Tremendous B/A spreads on all the MJ stocks this AM. Hold your shares at the bell, this could have a massive gap up if there is limited selling.
This was the question: I want to point something out to this board. Pull up 4 "mj" stocks (It doesn't matter which ones as long as one of them is this one) and look at the weekly charts and tell me what they all have in common (the most basic aspect of the chart, it doesn't need to be a complicated analysis).
This was my post following that question: To the ones who replied to my post this AM; I appreciate all of your time to look. The answer is: The pullback. Many of you are correct in your own answers but I was referring to the pullback. I know this is a very long elaborate post but please read it whether you responded to my post this AM or not.
Whichever stocks you picked they all will have almost identical charts. They all started positive momentum around the same time and were given a pullback around the same time. Disregard the fluctuations of them intraday, (remember we are charting weekly here because that is when this started to fall), they all had a healthy pullback. Yes we are in golden cross territory and even charting some others that the 50MA is just crossing the 200MA took a pullback.
The reason why I posted my last message was to get others to see that it is NOT this stock individually. Everyone is criticizing this companies management, share structure, news, complaining about needing a picture, etc etc. The pullback was a SECTOR pullback.
A word of advice, when trading do not focus on the company as one, focus on the sectors entirety. That sets the difference between knowing and not knowing what's truthfully going on with a stocks performance.
I will NEVER trade a stock unless I am following the sector as a whole. Sectors move as one, yes you will have some stocks in a sector that have greater fluctuations but as a whole they move as a unit.
Conclusion: This stocks chart needed a pullback, the numbers needed to stabilize and the PPS had to fill the gaps, its RSI needed a breather, and overall a pullback should've been expected at some point. However, this was the case for the whole entire sector. There is another MJ stock that should've been going straight up these last couple sessions and it's been declining. Why? The sector needed to take a breath. That is how the market works. Will it go up how it's supposed to? Yes, given time. No need to panic, no need to bash, no need to name call. Relax, we will be moving up as a whole soon.
As per my position here: I love this stock and am heavily invested here. I'm simply trying to help others understand how the market works because some seem so fixated on this one specifically. Which is understandable if that is all your in, however, that is not the correct way to trade. You will never be completely successful in trading until you realize the importance of the sectors influence. Like I stated before, I really appreciate everyone's nice comments and private messages. Hope everyone is having a good weekend, I will try to be back on here this evening.
Mods: Yes this is a re-post of what I wrote the other day. Please do not remove it as a double post. I am reposting this so others can read it if they missed it before. Thank you.
Thank you LJK :) I appreciate your kind words!
Your welcome, glad I could help! Just wanted to say thank you to all the ones who commented on my elaborate post! I will repost it just incase if some missed it. I will warn you it is lengthy but not a waste of time.
To the ones who replied to my post this AM; I appreciate all of your time to look. The answer is: The pullback. Many of you are correct in your own answers but I was referring to the pullback. I know this is a very long elaborate post but please read it whether you responded to my post this AM or not.
Whichever stocks you picked they all will have almost identical charts. They all started positive momentum around the same time and were given a pullback around the same time. Disregard the fluctuations of them intraday, (remember we are charting weekly here because that is when this started to fall), they all had a healthy pullback. Yes we are in golden cross territory and even charting some others that the 50MA is just crossing the 200MA took a pullback.
The reason why I posted my last message was to get others to see that it is NOT this stock individually. Everyone is criticizing this companies management, share structure, news, complaining about needing a picture, etc etc. The pullback was a SECTOR pullback.
A word of advice, when trading do not focus on the company as one, focus on the sectors entirety. That sets the difference between knowing and not knowing what's truthfully going on with a stocks performance.
I will NEVER trade a stock unless I am following the sector as a whole. Sectors move as one, yes you will have some stocks in a sector that have greater fluctuations but as a whole they move as a unit.
Conclusion: This stocks chart needed a pullback, the numbers needed to stabilize and the PPS had to fill the gaps, its RSI needed a breather, and overall a pullback should've been expected at some point. However, this was the case for the whole entire sector. There is another MJ stock that should've been going straight up these last couple sessions and it's been declining. Why? The sector needed to take a breath. That is how the market works. Will it go up how it's supposed to? Yes, given time. No need to panic, no need to bash, no need to name call. Relax, we will be moving up as a whole soon.
As per my position here: I love this stock and am heavily invested here. I'm simply trying to help others understand how the market works because some seem so fixated on this one specifically. Which is understandable if that is all your in, however, that is not the correct way to trade. You will never be completely successful in trading until you realize the importance of the sectors influence. Like I stated before, I really appreciate everyone's nice comments and private messages. Hope everyone is having a good weekend, I will try to be back on here this evening.
I want to point something out to this board. Pull up 4 "mj" stocks (It doesn't matter which ones as long as one of them is this one) and look at the weekly charts and tell me what they all have in common (the most basic aspect of the chart, it doesn't need to be a complicated analysis).