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I agree 100%. It's all up to Wayne now, and for some reason that doesn't make me incredibly confident.
Wayne knows how to make tickers run though it seems, as the chart history seems to indicate. Hopefully this one's got another run in it, so I can still make a profit here.
GLTY! Go UNGS!!
I like this company's future, but right now it is a really nice and easy trade. Not much dilution and it likes to follow a pattern.
I don't know if you've been here since before the run to $4.35, but this one likes to trade in a channel between $2.50 and $3.00. It's a nice 20-percent if you trade it right. Just what I've noticed, and of course this time it could be different.
GLTY! Go CANV!
It definitely could happen, especially if MJ gets rescheduled to schedule II. But at this point to me, it seems like it is going to take improved financials to get these tickers to start moving. It just seems like investors want to see proof that these public companies are worth their weight.
What I have noticed in my time trading MJ tickers though, is that when a few of them get hot, they all start to get hot. I'm crossing my fingers for that to happen, and based on the MJ index's 5 year chart history the industry should make a move soon. And I always keep some money in MJ, because it could happen at any moment. Maybe our competitor MDB* move today will help the sector and us this week.
Regardless, I'm not worried here though, because we are building a real company without toxic financing and massive dilution. Todd Davis is going to get it done IMO.
GLTY! Go EDXC!
Haha, I think we all do. But I'll be happy if he can get this thing to hold .0002 or .0003 for a while.
Not saying a penny is impossible with this share structure, just look at ERB*, but traders/investors are on to Anderson, and he is going to have to give us something real, for us to ever leave the trips again IMO.
I'm watching carefully for re-entry as well. I think this one might see $2.50-$2.60 personally
Maybe not this year, but eventually there will be another green rush that is sustainable. Probably when MJ tickers start getting on the big boards though. My goal right now is to bet across the sector and hope I get 1 or 2 that make it to the big boards, while trading for profit at the same time.
Millionaires and billionaires are going to be made off marijuana eventually. It's going to be like the tech boom all over again. Just not yet.
GLTY! Go MJ!! Go EDXC!
I think it's going to take Wayne giving people a reason to buy at 2. Right now, those who are intrigued and want in, can most likely just sit on the bid and wait for it to fill.
Until we get a meaty PR, I will strategically load a few more at 1. What's a couple more weeks at this point? If that's all it takes to pull a double or better on my investment at 1, I'll be more than happy!
Go UNGS!!
I'm a big believer in Gary Johnson and CBDS's future, but I am not surprised by this pullback.
I think the PPS had climbed to a level in which it seemed smart to take some profit. That profit taking may have triggered some panic selling IMO. I am not sure if $6.00 is the bottom or not, but the volume indicates to me, that we seem to have considerably more support at this level.
My advice, would be to watch and see if we can hold $6.00 on higher than usual volume. If we can I will be picking up some more shares.
If you don't know much about Gary Johnson, do some research on him, as he is a successful former business man and Governor of New Mexico. He has seen and talked about how huge the MJ market would become since his days in the Governor's office, back in the late 90's. The guy is incredibly business savvy, has political connections, and has the necessary vision to succeed in this market.
GLTY!
This company is not way overvalued here!
Yes, they have a lot of shares out and authorized. There is no disputing that. But if you have watched how ERBB has traded for over the last 6-months, you would know that the market has given it a floor value in the .012-.0127 range.
While it's frustrating that ERBB can't break out of this channel, the floor certainly seems to be in. And at this point in time, it appears that when this ticker starts moving again, the movement will be up.
While ERBB is less than perfect, they have made significant progress in the last year. Management has been late on things, but that happens in business. Just look at the press surrounding Zazzz, it has been crazy good!
IMO ERBB will break this wall and close at or above .013 today. Even if it doesn't, green Fridays are always nice.
GLTY! Hopefully you do well in your plays!
I purchased a few Vitacigs a while back and really liked them. I think they have huge potential in the "healthy smoking" market, and at least in my experience I find the hand to mouth aspect cuts my desire and need to smoke something that is less healthy.
With that said I haven't been following the company itself close enough, and am going to start my DD here very soon. Before I do though, I was wondering if anyone knows when VTCQ plans to move off the grays?
Thanks in advance! Go VTCQ!!
Currently we are witnessing the transfer of wealth from the impatient to the patient. Those who are selling now will regret it soon, and those accumulating will not!
Look across the entire MJ sector, and you'll be hard pressed to find a company with a better business model, share structure, and CEO. EDXC is growing at a great pace, and financials will prove it soon.
There are so many catalysts here to drive the price up including:
1. Financials
2. Consulting contracts
3. Vuzix partnership news
4. Autospense news/update
Don't sell yourself short here!
All IMO! Go EDXC!!
Privateer Holdings is a big time private company that owns a website/app called Leafly that will be huge one day.
Do you think Peter Thiel will really bring his dollars to the OTC, or continue to bet it on safer private companies/MJ companies on the big boards? I honestly do not know the answer to the question, and would love to hear your insight on such a possibility.
IMO, American Green is going to make it in the MJ industry regardless of what happens in the next few months. Obvious growth is occurring here, and I can't wait for financials to prove it.
GLTY! Go ERBB!!
Got my bid filled at 1 earlier this morning. I think news will wipe the 2's right out personally.
Go UNGS!!
It's starting to get a little more fun around here! Getting the bid back is huge, and makes me confident that this thing might still have a nice little run left in it.
Those 2's are going to be hard to take out, and IMO Anderson is going to have to give people a reason to buy them. If he does come through with a substantive PR in the next couple of weeks, we should move up nicely though.
I'm cautiously optimistic here! Go UNGS!
.0135 is getting hammered right now. It will be interesting to see if we can tear down that wall at .0137 later today.
Go ERBB!
I think you're right! When we test .0155 this time, I think we will be strong enough to break it.
With how great the support is here at .0125-.0127, there is a lot of upside and minimal risk. I'm taking my chances and betting we see at least .02 by the end of March!
Real and tangible things are happening here at American Green. Go ERBB!!
Good swing trading opportunity coming for EDXC IMO!
I'm currently a holder in EDXC, and a big believer in it because of the share structure, CEO, and business plan. Typically I don't invest in pennies, but after doing my DD, I have decided to hold a core long.
In order to minimize risk, I also am going to take advantage of good trading opportunities, in order to add to my core on dips and make some profits on the trade. I believe a good opportunity to buy low is coming this week, especially if it breaks through .04.
I'm planning on buying in the 3's or low 4's and banking at least 25-40 percent on the trade. I could say a lot more about why I like EDXC, but do your own DD and look at the charts, and you'll see that the bottom is close.
All IMO. GLTA MJ traders/investors!
Do you know if the date was PR'd somewhere?
They must not have done their DD, or else they would know that we are undervalued here. I'd rather the weak holders exit anyway, their loss will be my gain!
I know what I own in EDXC, and I'm not concerned with the volatility. If I couldn't handle it I wouldn't trade pennies.
GLTY and GLTA on the board!
I understand the skepticism, but if you look through my posts on this board, I have been skeptical in the past too. But today's news changes everything.
The news will bring a lot of buying pressure here tomorrow. Just watch. I'm not going to make ridiculous predictions, but I think we will test .0155 again. And I think .02 is very possible here in a few weeks.
There will be a nice close to day and tomorrow IMO.
I agree, the buying pressure tomorrow is going to be too much for the MM's to handle!
The news today was huge, and I loved that management hinted at an update for us next week, when they will have pictures of people using ZaZZZ. Also entering the hemp industry seems like a smart move as well.
GLTY!
It's going to be a nice close today, and tomorrow should be even better! I think there's a good chance we test .0155 again next week.
It's gonna be a fun ride!
Selling seems to have all but dried up today. The low volume signals to me that the bottom is most likely in, and that the weak hands have already exited. Bidders will be turning into slappers soon.
The increase in PPS has taken longer than I expected, but there is too much going on here for this to stay down much longer. With financials just around the corner, and the MJ industry's history of getting hot in February, selling now is throwing money away IMO (At least wait for 5's).
Longs/Good traders know that we are undervalued here, and those who sold in the low 4's will regret it very soon IMO.
Go EDXC!
Excellent news today! Great to see that management was able to get ZaZZZ to market first in Washington. Additionally, entering the industrial hemp market is huge! There is a lot of competition in hemp, but also a lot of money to be made. I'm interested to see how management approaches the hemp industry.
We should see a nice pop today, but this is only the beginning for ERBB IMO, as financials should be a huge catalyst for us here soon. As long as previous PR's on increased revenues are true, and as long as the company hasn't diluted billions of more shares in the last quarter (which I don't think they have), then financials will prove that we are undervalued at these levels. I think .02 is possible here on good financials, and if MJ gets its mojo back, we might see higher levels than that, like .05+.
It's always a gamble in penny's but I think at these levels ERBB is still one of the safer bets, short-term and long-term.
GLTA! Go ERBB!
The run might start earlier than that IMO
Good points TStarr! I agree that today's PR is a lot more than just fluff, and shows that we are moving in the right direction.
I was also curious if you had a little more info on the vending side of the business that I haven't been able to find.
I remember reading that we will be renting out the AUTOspense's to dispensaries for about $3,000 a month. Do you know if that's correct?
Also, do you know how much of a royalty we will be making off the sale of our products in the machines?
Thanks in advance for any help! It's just a matter of time for EDXC!
Good article from USA Today on MJ legalization efforts in Vermont!!
http://www.usatoday.com/story/news/politics/2015/01/27/vermont-lawmakers-consider-legalizing-pot/22431415/
Both EDX* and CANV are beasts! But with that said CANV is the big time player in CBD, and way ahead of EDX* in that aspect of business.
You don't win 6 cannabis cups by accident. We have the highest quality CBD here, we are profitable, and our share structure is great.
I'm ready for financials to come out and show that we have made progress from last quarters relatively poor results. Once we prove that last quarter was an anomaly and not the norm the PPS should see a nice bump.
Also if/when we show that we can improve results in just one or two quarters after terminating our biggest distribution contract with HempMeds, I think investors would have to be impressed.
IMO management will prove they have their act together and the PPS will see $5-$6 on good fins. Maybe even better than that, depending on how the overall MJ market is doing.
All IMO. GLTY and Go CANV!!
I'm ready for this to test $9.25 again. I don't know if we'll be able to break it this time or not, but every test of that resistance will help us in the future. If we don't break it, it will be a good chance to take profit and accumulate more shares on the dip.
I'm loving this slow and steady climb so far. This one trades more like a big board stock than most MJ tickers. Although it can still make huge moves on big volume as we have seen in late December and early January.
Gary Johnson wouldn't put his name on this, unless he thought it was going to be successful. He still is has an aspiring political career, and IMO he's thinking that if he can people rich off this stock, that's a lot of new donors that can help support his initiatives and political projects. Same with former US Senator Mike Gravel.
If the sector gets half as hot as last year, this one will be the big winner IMO. I think it is the most likely ticker to do something like CAN* did last year. Lots of money to be made here still, especially through swing trading and long-term holding IMO.
GLTA! GO CBDS!
It's foolish to sell here IMO! Last year, EDXC made its first run in early February. That run peaked at .29. So based on chart history, a nice bump could be coming.
Additionally, they filed their 1Q report on 2/19/2014. At that point, the company had a little over $1-million in total assets and NO revenue.
As of the most recent annual report, the company's total assets are now over $2-million and they have a stream of revenue. If the company is telling the truth in their recent 8-K's, (which there is no reason to believe they are not) then we should see a considerable growth in revenue this quarter from the consulting side of business in this quarter and beyond.
After last years quarterly report, that showed no revenues and considerably less assets, the market valued the ticker at over .20, and peaked at .359.
This year assets and revenues will have noticeably improved in the 1Q report over last year, the share structure will have remained virtually the same, and the vending side of the business is starting to get up and running. Imagine where the market will value us then.
IMO the company will and should let the results speak for themselves. When they feel the time is right they will give us some meaty PR's as well, but we don't need fluff and hype here. The results will speak for themselves.
GLTA, I hope you have the boat loaded! Go EDXC!
Great article, thanks for sharing! I think we are on to one here in CBDS. Its good to be invested in one of the top public companies in the fastest growing industry. And it's especially nice that not many have realized this yet.
Good things are coming! I'm just hoping I become one of those new millionaires!
Go CBDS!
It looks like we might be testing $4.35 again soon. I think $5 is possible in a week or so
I did my part and signed it. I will try to spread this and get others to sign as well. MJ going to schedule II would be a huge step in making the industry more viable by allowing it to be profitable on the federal level. It would also make it more attractive to professional investors, who would be more willing to take a chance on the industry IMO.
Huge buy just now at .013 for 452,500 shares!
I think you're right! Just gotta break $3.75
I picked up a few more shares at .045 today. I'm loaded and ready to see it test .059 again.
Go EDXC!
Good trade man! CANV will make another run soon enough
Based on what management has been saying, the revenues should improve this quarter. I'm excited to see the results
Your absolutely right on that!
It seems like investors in the MJ sector have gotten smarter this year and that major moves will be based on real fundamental results.
GLTY! And the MJ sector!
Did you pick up any shares sub 100?