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Here's a better comparison.
Nugs was up almost exactly 300% from it's recent bottom.
Sgmd was up 94% from it's recent bottom.
Will SGMD follow suit? Their charts for the last 6 months look very similar. SGMD will need a pps of .32 to be at 300% gains from bottom.
I don't think people liked the small revenues reported. However, the MJ sector has been up big time, not as much yesterday but still up, and today was flat until the last 20 minutes and now going up again (talking about the entire sector, averages of all cannabis stocks). This tells me DPWW will not drop much more if any at all, we should be at bottom. If sector was going down, we'd probably get to the upper 005's, but I think it'll pop at any time, most likely within a couple trading days and we'll get some big bids in the 008's. Can only hope for new highs in the very short term.
I wonder if mudpuppy raised his bid to .06 from .05 after having a .07 bid for several weeks?
Came on here just to see if you're going to escape Lane? I'm getting out of here, don't want to be without internet LOL
This is great, love the volume spike and chart is set up for bigger gains in coming days. I'm fully loaded .091-.105, waiting for a spike up after breaking .13 resistance.
I had a feeling! Because I saw the order changes, MM's don't normally do that.
Today is a huge up day for the sector, haven't seen this much buying since 4/16. We will see higher prices by end of day most likely. MM's are kicking up prices on about 90% of cannabis stocks right now.
Today is a huge up day for the sector not seen since 4/16
Looks like muddy realizes his prey won't go down as easily as he thought, and is resorting to using all his ammo. But all he has are blanks and he will not get the kill to feast on.
Utter nonsense, more false information
Finally new highs (that are real)
Don't understand why you're trying to make everything sound so much worse than it is.
First of all, the PR about amazon UK says this in the first paragraph: "Under the terms of the agreement, Sugarmade will supply dozens of SKUs to be sold in United Kingdom." This means they have not supplied the UK yet. So why would you expect anything to be available?
Second, again you are saying "2m clerical error". The error was explained in the 8k, it was not a calculation error, rather a reporting error, and includes 1.4m less operating losses. 1.4 million loss is 1.4 million loss, 2 million revenues loss is only about 600k (profit) loss.
$1,400,000
- $600,000
=+$800,000
So again, things now look better.
LOL we know that you know there was only a partial month of recognized revenues (March) for Bizright hydroponics sales. You're only fooling yourself.
I sold my APR and bought LVV today, very happy
COME ON WHERE'S THE VOLUME
Re-reviewing this 10Q-A, the only thing negative here is the fact the mistake was made. They have several new accounting staff, but how could this be overlooked and submitted with such an easy-to-catch mistake? Who knows. But it was fixed, no harm done and now things make more sense because no more wondering how they could have lost so much money in one quarter. Now when we do see 8m quarterly revenues, we will see maybe $2m in profits from sales and maybe around a million in profitability.
Look at it this way... everyone wants revenues, and that's all people seem to care about. But what about profits? The chances of seeing profits in the upcoming 10k just got much higher. We previously thought they lost $2m in 1 quarter with $850k in profits. Now we only see $250k profits, but only $550k loss from operations.
In my opinion, things look better now.
They weren't "off", they simply put the 9 months ending in the 3 months ending section.
Guys, look at the loss from operations. 1/4 of what we thought they had. This more than makes up for having shown less revenues, we already know bizright revenues were for only a partial month anyway.
Also, 10q / 10q-a filings don't usually move prices for otc stocks. The jump in price is most likely from the news, more eyes are noticing it throughout the day.
What? We didn't break below .09 today.
You mean because of the 10q-A? I like the 10Q-A, shows 1/4 the loss from operations
The cannabis sector was up 8/1-8/09, and down the last 4 trading day, yesterday and Monday down A LOT. IMO this is the only reason DPWW did not sustain any gains with all the volume we had. Out of the 100 or so stocks I follow, can't even see any that are sustaining any significant gains after hitting their lows yet. The market is holding everything down still. The time is coming soon.
Sector down today, much more selling than buying, as always happens with low volume. SGMD still holding green, good sign we made a higher low of .091 on Friday. Next stop, a higher high.
Volume is bad today sector-wide. However some stocks have started seeing volume the past hour and sgmd falling behind. I'm guessing we'll see a couple hundred thousand volume very soon here, but probably gonna be a pretty low volume day by close <300k
LVVV's chart shows better sustained gains than most OTC cannabis stocks, actually pretty impressive considering all the down days in the sector. This tells me there's a lot more people that believe in this company relative to others.
Hundreds? On OTC? I don't think so. 90-95% of cannabis-related stocks have been going down and down all year long, and even bigger down days during summer. Cannabis runs are usually based on hype, revenues and profits in the sector are problems with the laws and banking issues, so big runs never have sustained gains.
I monitor the top traded 100 OTC cannabis stocks on a daily basis, and believe me, the number that has survived the downtrend is less than 10% especially during summer it's been very bad due to low volume. Low volume is the fact, why there's low volume is speculative but most likely not as many people watching stocks at all.
Yes, AND it was only just over 15,000 volume to go from .098 to .091. There were no bids between those numbers. I saw lots of bids coming in at .12, .11, and .10, but noobody wants to bid cheap... kinda funny the way people think sometimes.
.... and there he is!
Any second now....
Im a day trader, I sell with intent to buy back lower, but because the price can shoot up higher im trading small amounts of shares like 100-200k
Did you hit my 100k at 0085 today?
Yup was announced on June 21 I believe, then this came down about 50% in 2 or 3 days in response. The price was already low, but 50% cheaper is about right for twice the shares. Actually this came down more than 50% from those prices but .012-.015 was already super cheap, down from .03-.04 range after hitting highs twice as high as that.
You used your chart as an indicator, not taking into consideration the financials could have been out much sooner or the sector could have turned upward, you had maybe 60% chance of being right and you were, you didn't know where the bottom would be.
My trading strategy accounts for being wrong, and now I'm up on this stock after locking in profits. Going lower was a blessing, being right or wrong doesn't matter nearly as much as putting $ in the bank. Of course, you disagree because all you care about doing is posting about being right. I wonder how small your.... account is?
I know how charting works, I'm a pattern trader. I predicted these moves perfectly, and sold nearly half my shares over .125 today. I made a lot of money and now I can buy back cheaper shares. On the other hand, you who said it won't go over .10 and will go to .06. You were wrong, made $0. Congrats on predicting the intraday correction at .13 resistance, again, you made $0.
Difference is I don't consistently brag about being right, especially when it's downward fluctuations in a downtrend which is more than 50% chance of happening.
Yes, time will tell this spike up is a downtrend reversal. All indicators point to up, mud will be wrong once again, making $0.00. Then when it corrects downward from ~.20 temporarily, he will show up here and say it's going down, again, making $0.00 haha
You are so predictable, watching and waiting for price to start correcting, then you feel the need to post here so that you can be right.
So predictable and needy you are, too bad every time you're right you're making $0.00
Yes summer has brought the cannabis sector down, even after being in a downtrend all year.
All this month the sector has had up days except for 1 day. It's bee opposite ( mostly down days with few exceptions) all year until now. This either means the sector has bottomed out and we are in for some serious buying in all stocks from now on, or it's a slight correction before continued summer downtrend, either way it's a positive sign when buying is finally starting to return.
@PRU has come down from it's high very fast. Should be upward to .02 from .01, highly doubtful we hit new lows, therefore large upside potential with minimal risk here, and the sector buying volume will help this stock.
Also it's such low volume today compared to previous days that we can see some serious volatility or just buying at any time.
So pro trader mudpuppy says it's MM manipulation if it goes up and when it goes down it's because of what's on the financials. Must be the truth, because he always says what he says is the truth, and we should believe him because he predicted price declines during an 8 month sector downtrend
I don't think we will dip down more than 1 more time. Other stocks with similar charts have been popping up some from their bottoms, SGMD following same pattern and with increasing volume with help from the PR's, shouldn't go under low 008's more than once. I think there's a good chance of sideways action for a few days though unless someone comes in with some $. A million shares is only $100k, enough to spike us over .13
I'll make it simple for you... .08 is the bottom, .10 resistance break at any time within a few trading days, break over .13 by end of month and head into upper teens.