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Chart looks good for rebound.
Perhaps rebound to $3? :)
"Amazon of MMJ" sounds good to me.
Here we go!
I consider myself a swing trader and here's Investopedia's definition - http://www.investopedia.com/terms/s/swingtrading.asp
Swing Trading - A style of trading that attempts to capture gains in a stock within one to four days. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders aren't interested in the fundamental or intrinsic value of stocks, but rather in their price trends and patterns.
Investopedia - http://www.investopedia.com/terms/c/consolidation.asp
Consolidation - The levels of resistance and support within the consolidation are created through the upper and lower bounds of the stock's price. Once the price of the asset breaks through the identified areas of support or resistance, volatility quickly increases and so does the opportunity for short-term traders to generate a profit.
I buy on dips and sell on highs/pops - I like swing trading.
Last I checked, ERBB was down. How low will it go before it bottoms? I think it already has and found support but that's my humble opinion.
As always, time will tell.
ERBB TRAIN LEAVING STATION!
All aboard. ERBB Train leaving station
Last call below .016 before .02 here we come!
I told you we would go back up.
.02 here we come!
ERBB is my primary position and I took profit on 40% on FITX this morning and bought more ERBB at morning dip.
Will hold til .02 - .025 range
My sentiment is we go up from here.
STRONG BUY
Here we go back up!
Just look at the volume!
The problem with some of Seeking Alpha articles is that they generalize the sector.
While I agree that some of the MMJ stocks probably are overvalued and lack company fundamentals but I also believe that several of them are very undervalued and some are already reporting company fundamentals to meet listing requirements.
Right now, essentially all the MMJ stocks are OTC/Pink sheet but many will go significantly higher (multiples) over the next 3, 6, 12, 24 months as medical and recreational MJ legalization widens (and mark this post as this WILL happen moving forward).
It is true that many MMJ stocks simply can't justify the valuation but that's not what's driving the price increase right now. What's driving the price increase is the future potential of the company in terms of revenue growth. Some of current OTC/pink sheet MMJ stocks will be improving fundamentals and revenue in the future and may get listed on Nasdaq/AMEX boards.
Of course, difficulty for us investors/traders/swing traders/trend traders/day traders is identifying which company will go up by 25-50% and which will double/triple/quadruple or more in the near future. The problem with some Seeking Alpha articles is that they mention the general risk involved with MMJ stocks but don't try to separate out select MMJ stocks that have solid fundamentals from those that don't.
Stock manipulation/short selling as well as hype/pump & dump, especially with OTC/pink sheet stocks is a sad reality but also benefits swing/technical traders like me to realize huge gains from buying on dips and selling on highs, it's just that right now with MMJ stocks, the frequency in which the highs/lows occur is much narrower than usual.
So in the near term, when you realize significant gains, I suggest you take profit and buy back on dip. If you have any concerns, buy back with the gains. If you are confident, buy back all so when you finally exit the trade, you end up with MUCH more shares.
$0.10 here we come. $0.049 morning bottom and last call for below $0.050.
All aboard!!!
Train leaving for dime land.
We may test $0.10 this week.
My limit sell is at .17 (max that Scottrade will allow now) and will keep moving it up depending on the price/volume.
Really excited about FITX.
Strong BUY
Sold GRNH this morning and bought FITX.
Wow, I traded PHOT with some nice gains and this is great development.
$$$ for company, PPS goes up.
Any questions?
Strong BUY
Bye Bye 40s, Hello 50-60s!
Strong BUY
Money will flow into MJ stocks. Why?
If market continues to drop as many anticipated for an overdue correction, many will sell their positions and look for sectors that are green and rebounding.
One of those sectors is MJ sector and DJ/Nasdaq/S&P all in the red now.
No - IMO, Continuing round two rebound.
Round one went from $0.05 to $1.20 and finished at $0.20 (thanks to Seeking Alpha article and manipulation of shorts as the article predicted most MJ will drop to nothing). How wrong was the article!
Round two went from $0.20 with an initial pop to $0.50 but that was recovery from manipulation helped by "Alpha Seeking help" and currently continuing the rebound back towards $0.80+. According to manipulative Seeking Alpha article, all the MJ stocks should be down to nothing! Just look around the MJ sector - MOST ARE GREEN and rebounding together. Opposite of what Seeking Alpha article predicted.
Don't fight the market currents.
Look around and move with the sector/market.
AMEN!
Good to see you here.
Shall we get comfortable for the train ride up? :)
Strong BUY - limit sell placed at .79 for now.
Last call for 40s ... .50-.60s here we come.
If GRNH moves up fast, I will adjust my limit sell accordingly.
Love the swings of GRNH ... Happy camper here! :)
Strong BUY.
But the KEY THING here is that they are getting PAID for the pellets. I don't care what the company sells, as long as they are making money! Right? ;)
Besides, they are proudly Made in the USA!
To order your RDF pellets, please call 1-855-GPEL-NOW (1,000 ton minimum per order).
http://g-pel.com/?page_id=49
http://g-pel.com/
Great DD! Look forward to market open on Tuesday!
The DD looks great! Actually, much better than many other OTC companies that spike on hype and even some Nasdaq listed companies.
I bought in Friday along with KGET on the dip.
Look forward to market open on Tuesday and plan to swing trade both in 2014 after making some nice gains from NVAX, DRYS/FREE, GRNH/PHOT in late 2013.
Life is good.
Go WNTR!
Loaded up at $0.20 - .22. Happy camper here. :)
Yes, interesting indeed. This could really pop before taking a break.
I think many may watch to see how today's volume looks like and may buy on dip.
I tried to build a HHO device before myself and the sale of G-Pel definitely got my attention.
Lock up your shares. I have limit sell at $.79.
Keep in mind much of MJ stocks were red today but GRNH closed green, which will signal a rebound for many, especially as market turns red which will force many to exit their positions looking for rebounding stocks ...and they will find GRNH rebounding nicely.
We may not hit $.80 in round two of GRNH train ride, but IMO there's a good chance we may head back up to $.60-.80 as GreenGro keeps doing the right things to be a national supplier of MJ grow equipment on large commercial scale operations.
Strong BUY
I think many bought in the $.80 - $1.00 range and may not have taken profit towards $1.20. Most that bought below $.80 probably took profit towards $1.20. So, we may not see much selling resistance until we approach $.60 - .80.
I think we will hit $0.60-.80 Tues/Wed and may test $1 by Thursday and perhaps take another break before the 3rd rebound towards $1.50+.
Keep in mind that the entire pot sector was green today with many with 20-40% gains. I anticipate strong buying pressure into pot stocks this week especially in light of Dow/Nasdaq dropping like a rock that may force many to sell their positions. You never know, after selling their stock positions, they may dabble in pot OTC/pinksheet stocks (probably one of few sectors with spiking "GREEN" gains today) while waiting for the market to finish the anticipated correction.
IMHO.
Pot related crime down in Colorado and eventual national media coverage focus on this issue will only further increase support for legalization in other states - http://www.420magazine.com/forums/international-cannabis-news/208853-marijuana-case-filings-plummet-colorado-following-legalization.html#post1956525
Charges for all manner of marijuana crimes plummeted in the months after Colorado voters legalized limited possession of cannabis for people over 21. According to a Denver Post analysis of data provided by the Colorado Judicial Branch, the number of cases filed in state court alleging at least one marijuana offense plunged 77 percent between 2012 and 2013.
Colorado Attorney General John Suthers said he thinks the drop in cases may be due to police not wanting to parse the complexities of the state's marijuana law. "I think they've kind of thrown their arms up in the air," he said.
"We're talking about not only saving the state time and money," said Art Way, a policy manager in Colorado for the Drug Policy Alliance, a supporter of legalization, "but we're no longer criminalizing primarily young adults, black and brown males primarily, with the collateral consequences of a drug charge."
Here's one - http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CC4QqQIwAA&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FPR-CO-20140113-904460.html&ei=wHnUUtn1CobloATwo4CACA&usg=AFQjCNG-rhjfrbswt0-gYuw2PtZlsmEzpA&bvm=bv.59026428,d.cGU&cad=rja
Greengro Technologies Announces Zoning Approval for Arizona Cultivation Project
January 13, 2014 - Greengro Technologies (PINKSHEETS: GRNH) announces its client has obtained the long awaited approval from regulatory officials in Arizona for a significant marijuana cultivation project. This zoning approval paves the way for final design implementation of contracts as well as maintenance agreements.
This project will represent one of Arizona's state of the art grow operations under the new Arizona Medical Marijuana Act. Greengro will complete the design phase by the end of Q1 2014 and will begin implementation in Q2 2014 where it will provide all construction services for the grow operation. Equipment for the project will also be provided by Greengro under the FLUX Lighting brand of products through its subsidiary Vertical Hydrogardens.
"We are very excited that the final regulatory approvals are now in place that allow us to conclude the design phase and advance the scope of this project," states James Haas, CEO of Greengro Technologies. Haas goes on to say, "Our team of industry professionals are fully equipped with the expertise and resources necessary to execute similar agreements across the country, with near-term opportunities in Colorado, Washington and Illinois, as the laws of the states are implemented."
"Greengro was selected for this project based on their complete understanding of the full scope of requirements necessary to successfully execute a project of this magnitude. We look forward to working with the team in all phases of the project as we move forward in building out one of the Arizona's state of the art grow facilities and have all the confidence in its successful completion," state Anthony Macdonald and Dr Mark Seigel.
Seeking Alpha will be Alpha Seeking help tonight ...
Perhaps those involved got their short positions covered and made some money.
Regardless, they are probably all holding long positions now ... so
GO GRNH!!!!
See you all at $.60 - .80 then unto $1+!
ALL ABOARD ... WEEEEEEEEE!!!
HOD = High of Day.
While I usually like to hold 3-4 positions on average and planned to trade NVAX/DNDN/DCTH/CERP/MCIG, etc. but been trading PHOT/ERBB/GRNH past weeks and currently holding all GRNH.
Rode the gains on PHOT/GRNH last week and bought GRNH back on Friday. Although I took profit at $0.43 this morning (I could not pass up 90% gain), I bought back in the 30s and plan to hold GRNH til 60-80s unless there's spiking gains and of course, I will buy back on dip.
Once GRNH hits the stock screeners and forum radars tonight, we may spike up Tues/Wed to 60-80s and then perhaps to $1-$1.5.
Very Strong BUY.
GRNH to $.60-.80. MJ train is leaving for round 2 of gains - All the MJ stocks will close well in the green today.
I think last call for below $0.40 before we head back up.
I see PPS moving to $0.25 - $0.50 next not lower. Those looking to buy below $0.20, there's a good chance that may not happen.
I think profit taking from those that bought below $0.15 is over and many that bought at $0.15 - $0.22 will be looking at $0.30 - $0.50 to take their profits.
Will PHOT and other pot stocks go towards $1? There's a good chance that may happen to many pot stocks. Just ask yourself, with all the pot related news and development coming out on a national level, interest and demand will only increase and may easily outpace supply. This means growers will need to ramp up production and companies like GrowLife will see higher revenue and higher share prices.
Mining the miners was a very lucrative business.
pmdavis300 - "Exactly who is this CANX USA?"
This is from 11/21/13 PR - http://www.marketwatch.com/story/growlife-to-receive-up-to-40-million-for-acquisitions-growth-capital-gift-program-2013-11-21
"CANX USA LLC is a Private Investment Group formed by individuals with specific expertise in agricultural, supply chain, retail, real estate, technology and marketing. CANX provides investment capital, Mergers and Acquisitions expertise and other business consulting services. The Company's goal is to facilitate game-changing acquisitions and upgrade technologies for its partners and investments.
Company, through a Joint Venture (JV) has received a commitment to receive up to $40,000,000 to be used primarily on acquisitions, GrowLife Infrastructure Funding and Technology program (GIFT), and other expansion initiatives.
The GIFT program allows fully-licensed and compliant growers and dispensaries in well regulated cannabis markets including locations in WA, CO, MA, NV, IL, AZ, OR, CT and Canada to spread the cost of infrastructure builds over time.
'This financing arrangement created through a Joint Venture with Nevada based CANX USA LLC (CANX) strengthens our ability to assist growers already active in the legal cannabis arena with rapid expansion ahead of what we anticipate will be a flood of corporate interest in growing,' stated Sterling Scott, CEO, GrowLife Inc. 'And it also firmly launches GrowLife into a vertical with a much higher ceiling of opportunity.'"
FREE - Thanks!
AugustaFriends - "RedBox is offering a FREE Movie Rental after Coupon Code: "LL97NH6M" (Exp 12/26)."
Got a movie for free tonight! Only worked for one movie but hey, I am not complaining after 57% day with FREE!
"jsingh1812 - im out watch it fly now"
It's flying now!