Target swing trader, never ever day trade. Option spreads or micro stocks.
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The paragraph "barred from banking" is the catalyst for FFFC.
Arms length banking from the card companies, (arms length from FDIC banks) will be mandated in the near future.
Well that how I see it as well... And I never get in on a played with stock after the play has started... Get in and wait a bit... It will happen.
If you go and buy a $4 stock, is it going to $16? Not in a short time.. But a flat bottom sub penny with upcoming news many times does go up 4x to 25x...
I'm only in this for 50M but will get more as I have time to watch it... Vacation next week... And a friend having brain surgery today so I'll be there..... Good to meet you..
Sabre, I do not trade much... I buy into trends but very early and I look for high percentage moves.
My take here is this will rise on news and because it's a Canna industry stock it will be played massively.
The last two times it went to over two cents..
It's obviously on a technical bottom..
Fong has said no R/S on this..
The card phobia for MJ purchases is barely in the incubation stage but will get lots of dialogue in the near term.
There is time to get this without the chase but we will have good news prior to Dec timeline so predicting when it comes could be costly..
My last trade was very profitable and I took less than 20% of that profit and bought $5K of this stock..
My first target on this is last June congestion in the 0005-0007 range. How it acts then technically will dictate what happens then...
Your DD is required because you are investing your money.
Next few news breaks will be very positive as we get toward Dec...
If this industry does not go cashless it will get much less growth. The taxation from it is well below projections. The cash side of this is not working.
Again, a card will leave it traceable.... The tax man is gonna win out here within a year.. Read...Read..
FFFC has a chance of being a player in it..
I bought it because it will go up soon. .. Tomorrow. ...is not my time frame
But DEC is. This will get played as news nears. Get this and sell some well above here. Last two times it run it went 25X
Or don't if you think its not going to go up.... No big deal.
We are OK here, momentum is building and it will commence lift on share price soon... We are self inflicting stahl on price with the buy it at 1, sell it at 2 play that many are participating in...
When the 0002's are gone we will be at .0005 in a day or two. Just gonna take a play it looks to move the block.
Long... And no sells posted from me at this moment....
Keep the Faith.
I bot 8M last time it flopped to 0005. That was to avg down on 8 I was holding at that time... Added to that another 4 but got tired of no revenue for another quarter and just bowed out.
Then the increased share count... Not for me.
The system they are using to let folks trade is just super close stop losses. Nothing proprietary. Nothing patented.
They are more of a marketing company that works with educating new traders, then when those traders acquire capital enough to trade they would never use IGEX as a platform because of the % of profit fees .
That is why they have relationships in my view with numerous companies.. Marketing..
May be a good marketing company that creates profit and value.. ETrade... No way.
That said, even with the share count where it is now is it going to pennies... I'm not sure, or care really..
John is spending a lot of cash, not to be getting revenue growth..
Surely some bounce near term for those involved.. But I'll pass on this ... I only do one stock at a time and I'm already getting in it.
I believed in this company for a good while... Then no promised revenues, then huge spending with no real revenues. I slid out without arguing or condemning anyone.
Then a few weeks later brought the SOS from Nevada filing and got a very cool reception...
This was a good trade for me, but not near the developing company I thought it could be.....
Point is, in developmental companies things change. That is where you have to change with it or get ruffled up a bit...
I was very bullish in this stock and I think John could have been more open with his investors but that to me does not make those who were bullish to the end any less my friends. This could have went up to my earlier target and I would have been left watching... It's a penny stock, it's your money, you come or go when you see fit. We are all guilty of being too bullish or too bearish and we are wrong about as much as we are right...
On to the next stock....
Asheville to Blowing Rock.... Beautiful...
Holding, not trading FFFC so I missed nothing... Hope the show thing goes our way..I waiting on Dec news.
Think we migrate higher prior to that though....
Was Blue Ridge Parkway day for me with the misses of 44 years, who by the way is still a chick, so I missed watching any stocks or options except the first few minutes..
Normal Friday, I see with a trader or two punching out.. I don't see dilution...
Last Friday suspected that 50m tick that hit out of the blue @ .000099 may have been salary for somebody..
Next week we get closer to the fire and point the chart towards the northeast...
Have a great W/E all..
Good stuff, exactly what I referred to a few posts back..
One minor piece of legislation allowing the card originators to be third party to the bank, absorb the regulatory script, then the card originator to have arms length or firewall compliant full bank services could put these small financials on the path to viable revenue companies
I think it will happen..... The tax man wants traceable money flow. Tax was the concession that made this happen..
FFFC has it's toe in the water here...
The ultimate gamble though is Binary Options... Don't go there.
OTC are rough just stay off the MoMo boards. They eat their members... And laugh about it.
Good deal...
I recommend to Post Mortum every trade. Even the good ones.
What worked? What did not work? What fooled you and why?
The hardest part once was what to buy? Now that is somewhat easy. The next part to sharpen your skillset on is ; How to maximize the profit? I used to leave so much on the table or miss the roll over and then lose it, it was sickening even on a good trade.
Analyze everything but don't beat yourself up.. And study technical analysis....every entry and every exit.
You will do fine.... You are smarter than Franz and me..... If our IQ was 3 points lower we would have been a tomato......
You have to be 65 years old... You got wisdom.
I thought that might be yours when you ask the question about NITE.
NITE is what I used to call an ECN rather than just a MM.. Again a SOES trader looked for the MM to be a contra preference on an order usually .
My kind of trader.... Swing.. Not scalp.
Good to hear from you... After you pick a stock that gives you a reason to buy it, let the technicals tell you when to punch out.
For about 15 years I scalp traded. Overall... A tuff way to make a living.
Swing trading I wish I'd done from the start but didn't until I retired.. Nutty ain't it?
OK, I have some friends here...
My advice if you believe in this company...... Cut your computer off. And look at it Monday.
I got none here... But this is a tuff show to watch..
Cut'em off and take a walk... Tick by tick is too much emotion to watch... You will be fine..
Wow... Congratulations .. You remember them trades..
This one is ticking about to go zoom too I think.. The right PR affecting the industry should make this run..
Not even company specific but just by association.
Maybe gets a promo to launch it but I believe in a month it's chugging along fine.
I expect some of the 2's to get hit before close... The momentum is building.
Not putting mine out there. I'll go 5 on a few, not 2.
Come in for lunch..
Y'all got another boring day going.....
But I see a good bid.
We are setting up to get a strong run, the show will help. I personally don't think we see advertisement but IF would be a real WOW..
Hide or remove those .0002 sells people. That is no where near the target. That borderlines ridiculous.
Put sells in the 0005 range.. Look at the chart... Chart ...chart ...chart..
Two is a giveaway on the next move.
Why would buy this stock?
For my answer. Simple if you read what the failed capture rate on the estimated tax MJ and Med MJ is verses what was projected to bring in you see that cash is not working. In states the Dept of Revenue's and the Atty Generals' are trying to validate and project the loss that is created when cash transactions are the norm.
FDIC Banks have a legal problem trying to touch this from laundering and tax evasion laws.
When it becomes legislated that cash is not accepted for MJ buys, sells, distributor and vendor transactions then and only then can the fraud be tracked or traced.
The responsible players in this industry want a way for the illegal competition to be eradicated. The illegal and tax evasion antics here put the whole industry at risk. But, again the big banks are not the answer.
FFFC and the third party financial transaction providers may have a window of opportunity to work at arms length with big banks, Visa, MC, and the like...
With some simple legal statutes, cash here could be eliminated, all transactions recorded for the tax man, legals prosper, illegals go back underground, big banks still get the percentage of swipe fees, and the card issuers have a segment industry to serve. Big Banks don't want in it but do want their piece of the pie.
Fong knows this. How proactive will he be? I'm thinking proactive enough and in time the whole industry will react... FFFC your day IMHO is coming.
If all his followers buy in ...... We going big time.
Patience is a very hard thing.. Especially for traders. It's not going in cavitation, just simply a boring trading day.
Boring day.... = Chart time.. Plot the next projected move.
Do FIB shots on next move.
Real industrious, do Bat Wing projections and project the second probability after the next move... You may get real excited if you do.
I just changed the oil in the Kioti DK40hST.... I already did FIB shots..
Boring here too...
Some trader threw in the towel for 22M... But somebody bought them ..
Good thing is that 22 came off the L2 sell stack it seems so it was an 0002 seller reduced it and hit the road..
Free country, better next trade my friend... But you might not want to watch this one when it lifts.
This I hope puts it in a stronger hand that will stay for a much higher target. Less churn thus higher and faster spike ...
Boring I know for traders. But for swing traders it's part of the process....
Still a tiny bit there offered at .0001. 682k.
It 75 degrees and sunny and I had a good size tree to cut down a pull out the stump.. I'm not sure where the rest are.
The tree is down... The stump is exactly where it was. I'll have to dig it out with the loader.
Back to FFFC..
This one as it migrates up will be played I'm pretty sure.. But like you, I don't see it happening today.. And that's OK for me.
Think of a P&F chart... You can see the movement but not the time.
Nothing negative is going on here and this tick on a candlestick chart just holds the chart together.
I have only one stock, this one as a fact... But am watching 3 other micros and the other three are down but on small volume... Looks like to me the big market is about to take a dump also..
Today is just a nonevent in FFFC world except for the few shares that changed into a new owners hands... He is pretty smart even though we don't know him yet.
Nap time for me.
It's 24 hours... I'd chill...
The 23rd is tomorrow... " by Dec" is pretty soon in the future.
You will be glad you waited in due time....
Look left on the chart. We will revisit.
News tomorrow?? You know it's getting closer to launch..
Well off'. I hope your plan works...
I'm wondering how you gonna get your selling block to the top of the L2 stack...
I'm pulling for you even though I'm one who does not like hyper trading..
If you got the time...go for it.
Now that a better reply to that post than I was trying to come up with..
Not really sure how it may be mentioned other than casually without much why's and how..... But if it gets much publicity, high viewership, that will be a big impetus for some group to promo simply because of the mileage they would garner.
I'm getting stronger in my opinion this gets played in a big way. That to me means two things... Be in it so as not to chase it, and move any preset sells to above .02.
Reason being above .02 , the stock past that point twice this year already.
Liking this more everyday....
Add this and I'm going to run and get a tractor tire repaired......
Lots less sellers today are camped out on the .0002.... About 50M less. This is a good thing.
The last one I got in for a swing was April. I bot and it went up 75% the next day... I sold.
My entry on that one was a partial to start the position.
I waited a week got back in, got hammered, bot more, it got lower and I bot a pile more. I had 20M @ .001223. I sold them in Sept for .002688. More than a double. About 4 months.
Every day certain negative posters continually said the same negative stuff... On that board.
This is a sub penny stock.. No its not Intel. No it's not perfect.. No it's not guaranteed to be profitable...
But given the circumstances, of price today to where it can easily lift to, the sector it's in that has many investors, the risk reward from here with investor psychology and the obvious upcoming news and promotions, this is a good opportunity for the swing investor.
Bearish posters are a good double check on our emotion, our judgement, and on our outlook. I don't usually argue with those ideas as they keep us balanced in our thinking. Use your judgement folks because you are using your money.
After studying that chart (beautiful thing) notice the launch point for the uptrend was .. .00008 on 4/5/2015.
A stock can get tired of setting so low for so long and there was no trapped sellers left to get out on the up trend so it was parabolic.
We're set up the same now. With the exception of that cluster at 0002, a shot upward from here could blow up to three copper pennies.... News is coming... Is the promo coming with it?
Wow... That is possible here..
Any day...
Another piece of good info.. Thank you Fundy..
Long.... Holding... Adding... First target is June - July overhead @ 0005-0008.
More good news coming, technicals favor strong up move when launch, investor interest and psychology will dominate this soon.
The Canna industry has lots of participants in its investor base... FFFC will get attention as well as other "cards" that soon become the monetary exchange in this industry. The states already know that the taxes are not coming in because the cash exchanges are NOT traceable and are NOT being reported. If threatened to pull these Med Canna laws from non reporting, all companies will covet these sistered relationships with banks..
FFFC .. Right place right now...
Jason Harvey ?... Enlighten me Fundy. He in this somewhere.. That name unfamiliar with me.
Promo will started soon enough.
Now is get the starter position, hang on to it. The news here is just warming up.
The few hundred million at .0002 will be fetched some morning and the ones letting them get away may not want to watch for a few weeks....
The 0002's are a buy but that will be revealed.
We are early but need to be in case some Momo room jumps in. I don't have it on main screen, do have alarm set on trade ticks though.
I do have 20% for sell at 0004 just in case we get Momo jumped as I hobby farm about half the time during the day... And fish, and prospect, and metal detect, and kayak, and just be lazy sometimes..
10m @ 0001 x 156m @ 0002. 11:30 EST.
There will be more... Good I guess..
Too many more and it as always gets flipped like crazy..
People can buy bottoms and make really good trade if they let the technicals play out or they can hyper flip and get a tank of gas and a burger...
Technicals..... When we lift the first target overhead is 0005 - 0008. Why flip this??
If those mega (150M share count) sellers show up @ 0002 there is a chance some room leader grabs most of them and puts on a "play".
That gives him profit but when he feeds on his goons leaving them punching out at a loss they flatten out the stock.
I don't watch the market all day most days so I will be putting some shares up at 0004 for cost basis capture if it gets played..
Momo rooms screw up the technicals on a stock but can on the other hand can create opportunity.
That being said I'll be bidding for a few more. Love to see volume stay up, board stay active, and some migration in price.
This is first inning of this new trend so continued strength as we approach Dec in the dynamic is anticipated. How much??? The first target is my only target until we can see and shoot for anything more.... Can it get traction and go further... How much further to look left on the chart? Beats me.
Keep the Faith guys.. Your DD as always..
Dart may be right... All these allegations, history, and outstanding baggage.... I'm thinking the stock may not ever get over a dollar again. Duh!
Dart, this is a sub penny stock... They operate on future potential not on a history of perfection. If the historical perfection was the dominate characteristic here FFFC would be in the S&P 500.
We are aware of the arena in which we are investing. There probably is less real danger in investing here than buying most of the junk WallSt and CNBC bark about every day. The fund managers are not churning this and making back room money, the HFT's are not moving this into algorithmic soft spots to collapse it. It has no option migration to preset OI levels. And analysts are not front running this with bogus 2017 numbers that would draw novice investors in....
I think it will move based on news, technicals overhead opportunities, and investor psychology. I'm usually early by choice and hold for months to target or to technical breakdown.
All the pieces to me fit comfortably for the price a position will cost here. The fear you are injecting is more than priced in... Maybe it the catalyst for Fong to make some profit.. Anyway I'm building a position here, like the risk vs reward, and should be here as this comes together....