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Did you just buy a lot of livewire? Because only a couple minutes after I posted it popped up 10% and became the #1 gainer on my list of 100 stocks.
I always trade 8-15 stocks, infrequently do I own less or more. I increase and reduce positions as I see fit, never all in or all out. Right now I'm on a reduced position on SGMD and I'm very nervous I won't be able to buy back my shares before it goes up, so I'm hoping the bears are right and we go down to a new 30 day low or at least under .15.
The stock I like the best right now other than SGMD (which is my only actual long-er term investment) is LVVV for both short and long term. I like the price action and what they are doing as a company, they are the only company like this I think. I'm also long on OWCP but with a relatively small position because things taking extremely long with that company, even more waiting than SGMD but things might be happening very soon as they just recently got significant funding and share price is still lingering very low. I've also recently begun trading NUGS after the initial pop a few weeks ago, turning out to be a good short term trading stock, as well as RSII for short term trading and flipping. Oh and another good one is FRLF, potential for a nice rally soon after they file their 10q but it's been a slow mover.
Stocks move up and down all the time, does there have to be a reason every time? Also, nobody knows the reasons for small price fluctuations because relatively small orders can move the price.
And it's called low volume and low liquidity, not "biggest range" and "range change soon"
Who cares?
Yup and bad stock to own when it's down, naturally
What was obvious to me today was that they were keeping an eye on their share pries for PAOG and RSII, saw PAOG make new lows with a huge 4.5mil ask on the new low, then they scrambled and said "we should say something before it goes into the 003s". About 2-5 minutes later they finished typing up their twitter and facebook posts without thinking twice about what they wrote. Probably decided to do a conference call right then and there and said that is the news they promised. This concerns me, could not be coincidence that we got the "news as promised" only minutes after PAOG made new lows. WTF are they thinking?
Frustrated with this stock? Do this...
Go to your charting program (or a charting program if you don't normally use one).
Go to 6 month, 30 minute chart.
Draw a trendline starting at the bottom price of the first rally this stock made on Dec 21, to the bottom price on Feb 14.
Extend the trendline to the right, and follow it to today.
Do you see something beautiful? I do.
Sad for long term investors, exciting for traders. Can't make money when great buying opportunities don't come along
This is about to come back 50-100% from new lows. Hopefully the selling continues, the lower the better for stronger return to .007-.008
It's not gonna go that low. The sector is stable and already pretty much bottomed out. When sector goes up so will LVVV. And any catalysts that come soon will make price stay up. I think bottom is .04, possibly a little lower, I don't think it'll go under .033
You wrote this post as if you have the answer. Nobody has the answer dude it's all speculation. No company is the same, and "rules" like what you are stating is a rule of thumb that may or may not apply more than 50% of the time. The price has declined by nearly 50% from the recent high of ~.26, and no doubt it's because many investors believe what you wrote. There are bears and there are bulls, optimists and pessimists, most of whom think they are right and know the reasons for everything. But like I said, nobody knows the real reasons, so you should say things like "most of the time", or "most likely", "probably", "I believe", etc
Ok fair enough, but everyone seems to think it should be simple, but everything in business as this is so much more complicated especially for someone who has never been through this before. They themselves are shareholders as well as us, the money will come, they must prioritize based on their business of which we can't see most.
I agree the financials being late from day 1 until now (month #xx), is the incompetence of the CEO. But I believe there's reasons for this and those reasons are a mixture of PAST mistakes and for the greater good of the company. As the late fins drag on, I don't think that means more mistakes and more incompetency. There must be a mess somewhere caused by something!
Shareholders are like dogs starving for a bone, and we are hungry and begging for more and more, we can never get enough especially when we're starving for so long we're getting skinny and sick and tired. But you gotta believe the master is out hunting the best he can. In this case I believe our master has not only been hunting but has been successful, and is preparing the meat properly ensuring it's free of parasites. Soon we will have fresh meat, plenty for all to share and get our fill, but things take time.
It's extremely unlikely they are holding back financials intentionally. Just makes no sense from every angle you think about it, except to hold the stock price down for some reason so that someone somewhere can make more money or so that the price goes up higher when they are filed. But if they were holding them back for any reason, that would mean they are breaking rules and are sketchy, which is simply highly improbable.
Read my post, everything I said is a picture I painted based on everything that has been said by the company.
That's interesting, do you know if he has filed extensions for every quarter and failed to file them all? Or just one or 2 extensions filed?
If you know the answer, that would be a clue as to if the extension form reveals intent to file or not. Either way, it's not for certain that past extensions meant he didn't intend to file and they were more automatic so that something is submitted, or whether the recent extension means intent to file or not.
Thanks.
x100xPercent
Based on all past PR's, email replies to various investors, and following each and every post on this board since October or so last year, I think the fins aren't done because all their transactions have been low-tech and nearly untrackable, possibly even done manually or with some system where they probably lost records or something of that sort, creating an insane workload for totaling past sales to the cent. I think they are doing this in such a way where they can be 100?% accurate. There was something said about them upgrading their systems recently, and another thing said about needing to prepare for budlife sales before it will be sold. I think their new system is probably computer software that will track everything the right way so that when it comes time to do financials it'll be done easily and quickly even with massive sales orders. Jimmy also said in a PR that it takes a lot of work to prepare for 400% growth. I think each day they are 1-2% further along with financials, that Q1 fins are completed, and possibly Q2 done or near completion and they are working on getting Q3 done in the coming days. I think once they are caught up on past transactions up to the new system, everything will fall in place. Too bad we don't have a timeframe. I think Jimmy is new to reporting so he made a mistake in the past about record keeping, and he thought it would be much easier and faster to get this done, that's why he said back in December "weeks", and then after that he knew he could not make any more guesses and is basically out of his hands, leaving all the work to his new accounting staff which probably also have so many other duties to keep up with current business so they are probably balancing their time with workloads, some time for the tedious work and some time for new work.
I think since they filed the NT 10Q, they think they are near completion and can file everything "on time", which to my understanding is another 13 days or so?
Anyone disagree?
x100xPercent
I like seeing that SMG expects sales to explode in July. Bizright is direct competition for those sales. Could be a buyout in the future maybe. Any way I look at it, SGMD price is going up after financials come out.
That's false. Any stock that moves down on any given day is failing as a company, probably a scam. Either that or MM's playing games laughing at us as we buy their shares.
Hey the price just went back up. Our products must be legit, someone knows something.
It was released to them already, but they can't sell it until their systems are upgraded and the warehouse is ready to handle the orders. They are very busy and everything is one step at a time. But yes, to the moon soon as they get ahead of things.
I think all fins will be posted June 1 - June 15 and stop will be removed. This is actually based on history, actual words from Jimmy according to reputable investors here, and my own estimate of being later than expected. With any luck at all, we will see them May 28-31 (last week of May), which is the time they are trying for completion.
Most do not know exciting news about Cannophen is coming within 28 hours, except for many on this board who are mostly longs and already fully invested.
I think it's just one person dumping at .012. We cleared out his first order of ~1.7m now another 1.7m there. A lot of people out there have millions of shares, probably just reducing position because who would bail out of everything right before news about Cannophen?
10Q is out
Satisfying informed or smart investors is not part of his job description
Saw the FB post about Cannophen news next week. Exciting!
Why do I see multiple posts about news next week? Is this fact based on evidence or optimism?
An exciting tweet would be really good right about now when the stock is ready to spike up. PAO got a tweet today, maybe we will get one tomorrow that ends in "stay tuned". Even better a real PR about Cannophen but that's too much to hope for.
The sector kept the price down today, nothing to do with the company or anything like that. It was simply a low volume day.
All my 14 positions were super low volume today. Only takes 1-2 people to move prices 5-10%. There's a lot of skepticism in the markets causing low volume and large spreads, these are the times to buy up these pot stocks, things are happening with legalization, things set into motion that cannot be stopped now. Only a matter of weeks before the whole sector moves up.
To make you feel a little better, let me tell you a fact. 95% of stocks like this that go down, down, down, and down more, then down more for several months and just sit there, come back up at least 150% minimum from their bottom price. That would be .0013 in BLDV's case. We already hit .0012 but it was so brief from less than 10 people buying up the shares to that price, and back down that we will get back up there again and to .0013 and higher. This is just statistical, nothing to do with company fundamentals or catalysts, stock prices move with time and without news.
Also, in BLDV's case, this should pop 300%+ from the .0005 bottom because it is down a much higher percentage that some stocks I've seen, and that along with the likelihood of the company actually doing something and releasing a PR about it, will make us some nice profits from this price level. With any luck, we go over .002 in the short term without news, which would be possible simply from the sector moving up from national news.
You have price predictions, you call that investment intel?
K I'll watch for that big purchase, it could send the price to .10
Stocks with yield and stop signs don't tend to go down because of them. I've made mistakes selling these stocks and they either go up or stay where they are for some reason. GRWC went very high for no reason with stop sign, I could not buy it through Fidelity. SGMD has stop sign, has had since November, and PPS is still holding. I read BLDV has yield sign just because of something small that needs to go to the SEC that is easily taken care of, so this yield probably won't have any more affect on the price than it already has.
Keep throwing those dice until you roll 7, whispering your desired price into them before you throw
This stock is not going below .15, if even .16. Use charts and logic all you want regarding the stop sign, not going down.
Don't overlook the short term facts.. the cannabis sector has bottomed out again after the Trump rally on 4/13 caused by good news for the sector. The overall cannabis sector historically has had significant influence on OWC's share price, I believe much more significantly than any other factor including the Friedland BS and recent 10k.
So to sum up everything for the short term:
1) Right now we have a bottomed out sector with consistent low volume. When volume comes back, the sector will move up and so will OWCP simply because of volume.
2) W$5,000,000 institutional investor (Big pharma?). We now have new possibilities and are likely to hear about moves the company is making very soon, I'm sure Hirsche already has plans beforehand about how much $ they need and for what. The PR regarding this gives insight as to their intentions, one of which is getting products out there. Also if you don't know this, OTC stocks like to move on anticipation of something great to come soon, before it happens, not after. "Buy the rumor, sell the news" is a general rule of thumb that many traders and investors use. Yes, we had news, but this particular news is going to create "rumors", or anticipation. Then the hype comes later where we really take off. For those of you who are familiar with Clay Trader, that's when he will show up, after the initial run up with high volume.
3) Low share price. I don't have to go into this but I will in OWC's case because every time the share price has reached new lows, not long after we have seen massive gains of 50-80% over 2-5 days time. The next big rally can easily be over 100% due to the low low share price. I was hoping to see this break below .20 and get another rally caused solely by a new low, but unfortunately didn't happen. But doesn't matter, we are still only 25% higher than the 1-year low of .20, which we have bounced off 3/3 times, once last year and two times recently you can call a double bounce when looking at a 1 or 2 year chart.
4) Safety trial results for the psoriasis cream. After the wall street conference in February, the price soared (out of anticipation). Then not only was no news announced, but also we found out the safety trial results were delayed again to Q2. Well, we are in the last month of Q2. Another delay to Q3? Probably, but most people are expecting it this month, so we should have more buyers than sellers that are executing orders based on the trial results.
5) A number of other long term catalysts, many things in play that we do and don't know about, all of which will contribute to having more buyers than sellers in the long term and help to retain PPS gains.
x100xPercent
Damn right after I post about good timing it goes another 10% LOL. I'm remembering past moves of this stock on news and low prices, we have both right now. Hmm.... when to sell? Tough call
I think it's moving up because having $5,000,000 suddenly after having less than $1,000,000 for such a long time opens up so many possibilities, so people know this could be the final days of being able to buy this cheap being that it will not break below .20. Happy to be back in at .23 after months of waiting, I think the timing is about right now. Only reason the news didn't make this pop faster is that there's low volume in the sector in general, news isn't making any stocks move lately. I think this will slowly rise until we get a surprising or exciting PR.
x100xPercent
He's like my friend at work that has been trading a long time. He makes all kinds of predictions, then when one finally comes true he says I told you so and gets off from being right.
People want shares at .01 and might get them unless we hear good news about Cannophen