an educated man is unfit to be a slave
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Yeah I can't remember the last time I saw this good of technicals on a mere OTC BB penny stock. I agree, we could see a big surge in volume some time next week!
GV and MTRX are two hurricane plays I found on the big boards that also trade options. With the peak of hurricane season fast approaching, I am watching both of these with any Atlantic, Carribean, or Gulf developments. Especially hurricanes that have a chance at a high-impact in the southeastern U.S.
Agreed, there is so much anticipation for what is simply a CC. But as of today, the chart and technicals on MWIP are the best of any stock in the entire sector!
MWIP is the only stock in this sector that closed Wednesday above both the 200 and 50 day moving averages!
No one knows for sure. It's possible that another shakeout could occur before the CC but the 50 day MA looks to be a new level of support if that does happen.
A lot of reversals and confirmations have taken place here this week. We saw the first close above the 50 day moving average since March. Also in March, April, May, and June; MWIP recorded lower highs from the previous month, by breaking and closing above .0413 Wednesday, we have broken that bearish trend for July. Also this week, this stock has had increased volume over the previous session while advancing in price 3 sessions in a row, this hasn't happened since the tremendous run-up that occurred in early February and took the share price as high as .1274/share.
This is going to be showing up on more and more stock scans tomorrow and next week. Mark my words.
A 25-30 million(+) volume day feels like it's right around the corner!
Yup and the goal is to be the leader in the sector, MJNA currently has a market cap over 130 mill. Do the math!
This stock is going to explode this month. Buckle up my friends it'll get caught on some scans this evening and tomorrow with the real fun beginning next week!
The chart set-up hasn't looked like this since back in early December when this stock was under a half-cent before the rally that put MWIP on the map!
Now with a new base just under 4 cents/share, how high can we go?
Marijuana's March Toward Mainstream Confounds Feds
http://abcnews.go.com/Politics/wireStory/marijuanas-march-mainstream-confounds-feds-19540454#.UdJzY9XD_wp
Looks like consolidation to me, the sector is heating up and the MM's are finding lack of shares at this level. If they want volume, they'll likely have to take the leader in the sector higher.
I think the nation as a whole has hit the tipping point. Not only is cannabis a cash crop but it has health benefits that outweigh alcohol and caffeine, two legal substances.
If you take the chart and draw a trendline over the highs from April, May, and June... you'll notice that at the .04 price-point that this stock is SPOT on that trendline. That is the magic number it needs to close above. It poked a nice line through that to .041 today but it needs to close above that!
He said he's made more money than I'll ever see... damn Wall Street crooks...he had a friend who made 17 million shorting the market during the tech bubble...
This truly might be the last dip under .04 before they run this puppy up to .21 or so!
I should say ex-market maker, he agreed with my philosophy that they're going to have to take it higher to generate volume because the more volume that kicks in, the more money they make flipping shares all day between the bid/ask. If anyone sees any new market makers starting to cover this stock let me know
I was playing cards over the weekend and told a retired broker from a major firm about this stock. I think it's great how liquid it is here. Nice tight bid-ask of .0399x.04
Market makers are on the precipice of running this stock much higher than the current levels. The job of a market maker is helped when volume is increased cause they make money flipping shares back and forth between the bid and ask. They were unsuccessful to generate any on the past few drops. So what does that tell you? It tells me the month of July is going to be a great month for shareholders!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=6&dy=0&id=p16987023782
Absolutely! Buckle up...the sector is heating up again!
I fully agree. There is also little resistance once the volume does kick in and this stock slams past the 50 day MA and the .04s.
NAACP supporting cannabis legaislation
http://www.inquisitr.com/821311/marijuana-legalization-gains-support-from-naacp/
Would you stop it with the company buying back shares nonsense. If that was the case they would have no need to be backed by a private investment firm from Chicago.
Hi gentlemen, do some research on MWIP. The CEO is hosting a conference call on Monday July 8th @ 4PM EST and the chart couldn't be prettier headed into the month of July!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=10&dy=0&id=p50803621936
Hi gentlemen, do some research on MWIP when you get the chance, a conference call is coming up on Monday July 8th @ 4 PM EST and the chart couldn't be prettier headed into the month of July!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=10&dy=0&id=p50803621936
you're welcome
I have no idea, in fact I don't think this stock gets much analyst coverage at all since it's a microcap in a sector that has lost favor over the past 2 years. Also the price of the stock has been decimated next to the price of gold, so I would assume earnings are already priced into the stock, and any buyers at this level are buying in hopes that gold has bottomed and will be back to 1500/oz+ in a year.
.21 -halfway to .420, but still legal
Lowest volume in this stock today since oct 31st!
I don't know much about HMY offhand. But I can tell you that NEM is the industry leader and only member of the gold/silver industry in any large index as it occupies the S&P 500. Which means it's a well-established company that pays a dividend. Therefore its' potential is limited. RIC is a higher risk-higher reward type stock with a very low marketcap. Some would consider it a microcap, which is the reason it trades so volatile.
For the most part it will track back up, especially if and when gold recovers and holds above the 1500/oz price. Of course it's still a company stock which holds risk regardless of whether or not it mines gold, simply because it's a company and could become mismanaged and what not. But RIC has a solid book value and at this point in time is losing money due to the costs associated with mining gold at 1200/oz. I think they are positioned to be profitable however if and when gold is back consistently above 1500/oz.
Good luck.
I agree with lucan, every penny-stock board has its cheerleaders offering mindless dribble taking up bandwidth in cyberspace. Let's at least keep the posts here constructive.
I, personally love the way the chart is setting up here, especially today, on a Friday, the volume is next to nothing, and the stock has straddled the 50 day moving average all week.
It's setting up for an explosive July move in my opinion once it gets gassed up... it's going to knock one out of the park!
Imagine the potential here of what's going to happen once/if this stock starts getting volume like it had earlier this year of 30, 40, or over 50 million in daily shares traded!?
The volume hasn't been this dead since August 2012, which is when the stock was basing in the .001s... yes .001s! Now with it basing in the .03s (or .04), take your pick, what could it run to under the correct market conditions and press?
We already know the shareholder base here is tight, and that is based on the price action straddling the 50 day MA all week long on next to nothing volume. The market makers here can't shake any volume, the job of the MMs is to straddle the stock in the spot that is going to generate the most volume. And right now, this level is generating nothing. That means a move is imminent!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=6&dy=0&id=p31467941022
MWIP @ .0395 (chart link) - CEO hosting conference call Monday July 8 @ 4 PM EST -
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=9&dy=0&id=p04923208434
Whoa now, Malvern seems like a decent fella' - My only issue is the hypocrisy. I was admittedly on here earlier this week or last week calling for one last pullback under the 50 day MA to about 3 and a half cents a share and so far it hasn't come, meanwhile Malvern was responding to my analysis telling me I would be chasing shares at 6 cents by the end of the week.
What wound up happening was I averaged up into some more shares yesterday and Malvern either sold some or threatened to sell some and is now calling for the same 3 and a half cents a share he was fighting against.
L O L
When will that be? The idea of dividend shares has been floating around for quite a while!
Very good info. I'm sure the conference call will go into further details.
Is that a subsidiary of MWIP? I used to work in the healthcare field and one of the waves of the future is 24-hour doctors on call, even teleconferencing. So this type of business does have potential, but it's all about growing out a network and bundling this benefit when plans are bulk-sold and combined with corporate health benefits.
I already had a position here. I used today to accumulate more. I like the base that this stock has built and the fact that the volume has diminished to next to nothing all the while maintaining the 200 day moving average and having tested the 50 day moving average each of the past five sessions.
You're a riot, this coming from the guy who was telling me I was going to be chasing .06 by the end of the week...and that same week, you wind up selling, and I was the one who bought a little more today. LOL
*** MWIP @ .0383/share ***
Is this the best play in the cannabis-sector? The chart on this play heading into the month of July is about as strong as you could hope for on a penny-stock.
News today about the CEO hosting a conference call on Monday, July 8 @ 4 PM EST; the same CEO Friedman whose also an active participant on the MWIP message board.
Earlier this year, many of the stocks in this sector went on quite a run, many gaining over 1,000%. Since then the interest in the sector has come to a near standstill and shareholders are left wondering if the sector still has a pulse.
Halfway through today's session and the volume on MWIP is a mere 677,699! Today would mark the tenth trading session in a row that MWIP will not have eclipsed 2.5 million in daily volume. Just to put this in perspective, the last time this occurred was in August of 2012, back when the share price was literally trading in the .001s! Sixth months later trading as high as .1274. That'd be like buying a stock at one dollar and change, and waking up sixth months later to those shares being worth 127 dollars. Well now those same shares are trading at 38 dollars and the average daily volume hasn't been hit in nearly 3 months providing a possibility that the consolidation of the first great run is nearing completion.
Will the next phase up be fueled by anticipated future legislation that will put this sector in the spotlight?
1-year chart:
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=1&mn=0&dy=0&id=p15636775414
Note: I do have a small position in this stock at an average price of nearly 3.8 cents a share.
*** MWIP @ .0383/share ***
Is this the best play in the cannabis-sector? The chart on this play heading into the month of July is about as strong as you could hope for on a penny-stock.
News today about the CEO hosting a conference call on Monday, July 8 @ 4 PM EST; the same CEO Friedman whose also an active participant on the MWIP message board.
Earlier this year, many of the stocks in this sector went on quite a run, many gaining over 1,000%. Since then the interest in the sector has come to a near standstill and shareholders are left wondering if the sector still has a pulse.
Halfway through today's session and the volume on MWIP is a mere 677,699! Today would mark the tenth trading session in a row that MWIP will not have eclipsed 2.5 million in daily volume. Just to put this in perspective, the last time this occurred was in August of 2012, back when the share price was literally trading in the .001s! Sixth months later trading as high as .1274. That'd be like buying a stock at one dollar and change, and waking up sixth months later to those shares being worth 127 dollars. Well now those same shares are trading at 38 dollars and the average daily volume hasn't been hit in nearly 3 months providing a possibility that the consolidation of the first great run is nearing completion.
Will the next phase up be fueled by anticipated future legislation that will put this sector in the spotlight?
1-year chart:
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=1&mn=0&dy=0&id=p15636775414
Note: I do have a small position in this stock at an average price of nearly 3.8 cents a share.
Mortgage rates soar to 4.46%
"Rising interest rates have hit mortgages big time.
Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week -- the largest weekly increase in more than 26 years, according to mortgage giant Freddie Mac."
http://finance.yahoo.com/news/mortgage-rates-soar-4-46-142200790.html