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Exactly, rinse and repeat. Its down to .075 now. Even at this level its a buy I think. It bounced off .075 to .085 on the ask. I will wait to see if we get .06-.065. Too hard to call a bottom here. If it fills the gap like it has, it should retrace to .06-.065 then again it could have found its bottom at .075. Tomorrow should be interesting.
.049 not .409. lol
thanks RZ. As a young investor try and stay away from Penny stocks if possible. An exception at these prices, is EVIO. Hopefully you have learned to get in, take profits, buy on dips when possible, but never get caught catching a falling knife. Sometimes you may actually have to cost average up. Learn from people on this board who chased EVIO and did not take profits and it almost destroyed many a portfolio. Always best to let a high riser, or sinker, settle for 3 days. EVIO will be a great start for you. Since you are young, make sure you get some long term holds, make sure you you are diversified, (Most important because of sector rotation). Feel free to private message me anytime. If you cannot I will give you my email. Always glad to help if I can. However, ALWAYS do your own dd and use your intuition not your heart.
As far as the guy who called me an idiot...You will find on these boards, especially penny boards, which I try and stay away from, that people mouth off but would never do that in person because most are key board studs. Very few people who are confident, work out, know self defense, or are just decent people, do not come across that way, behind key boards, or in person. Investing can bring out the worst in people as you will find out.
Never put in stop loses in an account! Always use mental stop loses or the mms will come grab your shares. I am up over 120% on EVIO since I got back in. I have actually cost averaged up from .047/.409/.051.
Actually there are some very smart investors on this board. Learn from our mistakes and our wins.
Good luck to you man.
I do extensive dd when I invest. When I see a new poster with all of 4 posts at the time he sent both articles, it does raise some suspicion. He sends his first article stating EVIO is mentioned and I am really pumped up. I open up the article and EVIO is not mentioned? Then, seconds later, he reposts the SAME EXACT ARTICLE but this time EVIO is mentioned? When I point this out our new tough guy responds by calling me an idiot? Hmm.
Look I have EVIO at .047 so I am ecstatic where it trades now and expect much higher. That being said, this is a penny board and it requires we do our dd and question each other for the good of our investments.
I am fine bro, I just find it so hilarious the rudeness of some people but of course its always behind a key board. This board has been quite pleasant lately except for our new poster. Anyway off to work out and will check back later.
I get it, but go to his first article he sent! EViO was not mentioned. Open up one of his 6 posts ever, on IHUB and read what he sent. EVIO was not mentioned. I am invested here so I am glad EVIO is mentioned. My point was the first article he sent did not mention EVIO. When I asked him why he simply came back and called me idiot.
First, this guy has like 6 posts on IHUB . Second THCM, he can trash me because he can hide behind a key board. Do you think if we met in person that would happen. ROFLMAO. Heading to lift now and will use this guy to motivate me in the gym today. A little crossfit and boxing today and I was not looking forward to it, now I cannot wait to get busy!
My point was.... I looked forward to seeing the article he sent but EVIO was not mentioned. Then I see his next post where EVIO was mentioned, in the exact same article. Now maybe he cut and pasted and left off EVIO on the first one. Again, its a penny board, and these comments are expected.
Ya I know, and the first article DID NOT mention EVIO that you sent, idiot.
ROFLMAO you of all people calling somewhat Idiot. Amazingly your second 'same article' somehow mentions EVIO. Two articles, one mentions EVIO one does NOT yet they are the same article. Hmmm
First article you sent:
Few notable companies operating in the U.S. cannabis testing market share include ACT, Alliance Analytical Laboratories, PSI Labs, The Spott, Steadfast Labs, Digipath Inc. and Unitech Laboratories. These market players are focusing on strategies such as new service offerings, partnerships, and geographic expansion to increase their market share and customer base. For instance, in January 2019, Digipath announced a partnership with Hemp Inc. to provide potency testing laboratories for hemp production sites owned by Hemp Inc. This strategy has helped Digipath expand their customer base and strengthen their revenue stream.
Interesting how you found the exact same article on your second post but it magically mentions Evio. Where you got busted bro is making EVIO all caps while every other company is not all caps.
The first article you sent does NOT mention EVIO, then you send the exact same article where EVIO is mentioned? Please explain? I am LONG EVIO but seems you cut and pasted EVIO to the original article or somehow did you happen to find two exact articles; one mentioning EVIO and one not mentioning EVIO?
Please explain.
Back at ya my friend! Be safe tonight, it’s amateur night.
Higher lows closing strong. Happy New Year to all!
Ya I figured to give you a shout out. Still have EVIO and looking to add once we start to have higher lows. Its consolidated now with bottom at .048. Need to see it start to climb to .06 and above for a breakout. Resistance at .055.
Great day for NIO Carter! Congrats today. It rocked.
It’s a penny, spec stock, that at these levels, seems like a decent play. Long term, or hold, depends on a lot of different factors. Basic growth fundamentals are absent because of inept management, it seems. No recognizable scaleability has been proven. Cash on hand is like when we were in college hunting for change in the couch to buy beer. However, at these levels it appears reward outweighs risk so I’m cautiously optimistic short term.
At these prices not much down side imo so the risk minimal and reward, promising. As I stated last week and early this week, it needed to fill the gap down to .049-.050, which has happened. Higher lows. Any news and this runs. No news and we trade sideways maybe even revisiting the low .0415 but most likely it will retest the.0475.
Again, this is a penny, spec stock. No way in hell with current management, lack cash on hand, this is a long term until fundamentals change. Those who do not realize this will also not realize to take profits, as they add on dips, and increase their shares that way. Those who hold, just to hold, hoping for that home run, may have to relearn their lesson again. So far it looks like EVIO has found its bottom at .0475 and is now ready to move higher on news.
Closed at .054, three days in a row, with higher lows everyday. Very positive sign for this stock. Seems to have filled in its gaps nicely today hitting .053 closing at .054. High today was .070.
As I thought, gap filling to .050, .0535 now. Need to hold above .0495
.049-.060 but not all stocks as you know, fill their gaps. It is important it stays above .0495 though.
In at .047/049 waiting to add if it drops below .0495 maybe even .050. Two days having higher lows, need to see one more day for consolidation, and gap filled imho.
New support level at .0475, just blew past .050 resistance, let's see if its holds up. If EVIO can close at .050-.055 consolidation is real, and next support .06 then........
Glad some of you are making some of your loses back who bought in at this weeks levels below .049
Yep, and that my friend is what drives up spec pennies. The lesson here is to TAKE PROFITS on your gains. Take some off the table always. If you have not learned that by now then you never will. It's consolidating nicely back to .055, I imagine it could close AH at .050 even but thats healthy. Tomorrow we may have more profit taking before the next run up. It needs higher lows consistently. Tomorrow being Friday I expect it to trade sideways if not lower going into next week, which again, is filling gaps and hopefully we can close between .050-.055. We could even see it dip back to .047 before going back to fill the gaps up to .055. I think you may be treating this like a stock where investors do extensive dd, look at charts, etc. Not so much here. Just from the momo that has been created in the downward swing, it will continue, but in an upward swing.
It would not surprise me to see this filling the gap upwards to .10 by Christmas if the major selling has decreased and if there is some more correspondence from EVIO. You cannot treat this stock like other cannabis stocks you are invested in bro. Its a spec play and you will have day traders here, swing traders here, starting now. To be healthy it needs to consolidate and fill gaps. That being said, you can also not look at this stock from too much technical charting....but with any penny spec stock, consolidation is step one, followed by volume, and upward gap filling. Let's see what next week brings. You may also have those who have lost their asses take advantage of tax selling thru the next 7-8 days which will also cause difficulty trying to be fundamentally sound. Going into the new year we could very well see this back to the .20-.25 range. It will be interesting to see if anyone here learned a lesson and start to take profits, buying back as it consolidates and in some rare cases actually buying the upswings. The good news is even with the sellers, the stock ended up the day up 15%.
fill gap at .047
Good strength today to say least, especially considering THCM post regarding the two million more shares hitting at .027. This is huge! Now we need to not run too fast, consolidate, fill in the gap from .47 and continue upwards. If we see this, we will be off to the races. Very positive metrics today. I expect pullback tomorrow which is healthy and as long as we start to see higher lows, we will start to get healthy. Also positive sign we are now getting correspondence from above. EVIO may be turning the corner. As I said yesterday, at these prices it would be foolish not to at least have a starter position. Remember to always take profits along the way, and buy back on dips....if we start to settle down, consolidate, and start to see higher lows on a consistent basis. Then, averaging up is healthy. (in at .047)
I could not resist at these levels. No matter what, there are so many eyes on EVIO stock from previous investors, stock publications etc. that if and when this starts to move one day up 50% etc it will start to move. Regardless, imo, of what we may know, or think we know, I believe this to be true. I always carry one stock with me as a spec stock. In this case why not invest $2500-$5000 to make (X) times your money. Its money I can afford to risk. Shit, I lost 3k on an FDA bad ADCOM on one stock in one day! Of course I more than made it up on my other holdings but the point is the reward far outweighs the risk.
On another subject, my good friend THCM is as diligent an investor as there is. Hell we all lose money at one time or another. His HUGE holdings on other KEY stocks are unmatched. For those who think this man is just all talk I promise you he could buy and sell all of us many times over. He is that successful. When you are well known by manages in a Fortune 100 company I think that says it all, and I am not BS'ing. So ease up on my boy he is only trying to help and lend his heart felt opinion.
That being said I think we should start sharing other stock plays we like.....On other boards, especially biotech stocks, it helps so much. With Cannabis stocks next year its really important we take each others dd and use our own dd as well, to invest. This is what most successful boards do. Hey if someone is a bear and you are a bull, as long as the dd is good, why would we not want that? IF you guys just want to keep it EVIO thats cool as well. Just my two cents.
In at .047
Any update on warrants? For Cannabis sector this should be the final week of tax selling. Next week I think we start to see a little bit ore stability.
I was thinking ‘why do I post here’? I had to make sure I have your back bro! I can’t let a colleague, a renowned businessman, be ganged up on. lol. Seriously.
Plus I really like Carter, and a lot these guys on this board I actually like and respect.
For a penny board this is a really smart place. I’ve gotten my fair share of shit, but well deserved I’m sure. For me it’s entertainment mostly. I want see these guys all make their money back. They are so damn loyal and EVIO management has played them. Plus the one guy sedango (Excuse the sp) grows some good flower. Quite the characters. Remember boys.... ‘coffee is for closers only!’ Those true salesmen here, know the movie.
This guy gets it.
I think it may be their only hope other than to just sell and take a huge loss. What have they got to lose? Its at .05-.06. There are so many penny players who think Pennies will get them rich, and they will play this trust me. I have no desire to day trade, ever. IF you are a day trader you could make this work I think. Swing trades more risky if you hold over night or into weekend. Its not my style but there will always be those who think they can get rich on pennies. This will be no different. You are use to investing in profitable companies, or companies with revenue. (TCNFF CURLF VFF etc) I have no idea why you of all people, would have ever invested in a company like EVIO, long term? As soon as I did dd on their management I knew this would never be anything more than a spec, penny play at best. So, most of these people held on, never took profits, caught a falling knife, and now they are in a dumpster fire. With EVIO at .06 I truly believe they can get a 3-5 bagger from here, if not more. The penny players will be here like stink on po po dude. I think it's their only shot bro. You MUST be a day trader and a swing trader at these levels. If they have not learned how to take profits though, it will be a moot point, they will be right back in the hole. They have gotten is some bad habits of never taking profits, and catching a falling every time it drops. No three day rule, no waiting to fill a gap, no fundamentals. If they can get back to taking profits and then buying back in, and rinse and repeat they have a shot.
Good luck. That may very well work. If it does man, get the hell out, do not look back, and learn from your mistakes here. The cannabis sector is still way overvalued. Who you see today will not be who you will see standing in the sector, next year. BKs, buyouts, etc will start to happen. Those companies who have no cash will cease to exist. The growers will be the worst investments because its a commodities market growing weed. Extractors, MSOs, REITS, will be where the money will be made LONG TERM. The days of just holding long term are over. With so much manipulation by mms, dark pool, computers, etc one will have to set mental stops and take profits no matter what. Then there is sector rotation. But Carter, I think your plan just may work man. If you are averaged down to .38 and in the .20s eventually I think you are golden and can even make $.
I really do. You did the only thing you could have done without taking a huge loss; you averaged down and now you wait for news that will drive this stock even .20 cents. Smart. It really is the only way to play EVIO now. TO just hold it is suicide. You either sell and take the tax loss or you cost average down. Good luck to you man. I think you will be fine. Just be vigilant and TAKE YOUR PROFITS! Do not hold over gaining 20-40% sell 1/2 or whatever and keep cost averaging down. I will check in here to see how you are doing. I felt so damn bad for al of you guys here. There really are some damn smart people here who just got caught up on emotions. It gets us all. If we learn from it, we get better as we continue to invest.
Happy Holidays to you Mr Carter and again, thank you for serving your country doing your part, so that all of us can lead a life where we can freely invest and have actual opinions. That is straight talk.
I will give myself this....I never trusted EVIO and put it on a shorter than short, leash, ON EVERY trade.
Even when I was up 30%, and left 20% more on the table here, early, I was fine. Rinse and Repeat. But then....when I was away from buying here, for 6 months, I rebought in at .27 and it slipped to .25 and I was gone. I do think you could buy here (I will not) and double or triple your money on any type of news, just relatively positive, even. People seem to have that itchy trigger finger on the ask so it's more than possible. I have been back here for no apparent reason other than to lurk...like rubber necking an auto accident on the other side of the FWY you cannot look away! What was really amazing were the pumpers who continued to pump this dog as it dropped from .27 to .06 (after dropping from .60 to .25. You have to love the faithful.
News about warrants being done, will drive this stock up too, so it really is not a bad buy here . I will never again, under any circumstances, buy a stock with bad management at the helm. Never. I have only done it once, here, and thank God I did not lose money, but damn I sure could have easily. I see some of the people here with averages above a dollar and think...how? They feel in love with the cannabis sector early, saw testing, saw the potential, and they were blinded by what could be (greed) They were so blinded that they feel in love with the niche, with EVIO, and it took away investing fundamentals. When that happens (and it's happened to all of us...falling in love with a stock or sector/niche, you are doomed.)
If everyone learns from their mistakes here, they will make up their loses with other stocks hopefully, having learned the lesson to NEVER invest in a company with crappy management. Hell I guess you could average down, and be fundamentally sound (as sound as one can be with OTC pennies) and put mental stop loses at 10% and sell after 20-30%. If they did that, rinse and repeat, all the way back up to lets say .40, I would imagine they would be much better off then they are today. On the other hand, with this management team, the doors could close tomorrow. There is hope here but man is it risky.
Was bored and getting ready to hit the links and thought I would visit to see if you were here. I got out of my cannabis stocks and waiting for tax selling to be over late Dec early 2020. TRU should not be hit ,nor GTI.
Man, was shocked to see EVIO below .10 (well not shocked actually but surprised) Just got back from my work out and needed to rest an hour before heading out to play golf. Will catch you later bro. Good to see you are still here. Help these people become more savvy traders! You are the master.
That is the only way to make money EVER, on a spec stock. You guys should have always been doing this. You get up more than 20-40% you take profits buy on dips. With Spec stocks you NEVER EVER catch the falling knife. Let price settle and fill its gap. I cannot believe that people just hung on never taking profits, just adding shares? That is insane. Lesson learned? Same with Biotech stocks. The problem with Spec penny stocks (That I usually NEVER touch) is that you get rookie investors that put all their money into one stock hoping to get rich quick and retire. They are not the most savvy of investors usually and most times they fail. I am not talking specifically about anyone on this board I do not come here that often and do not own EVIO. (I did own EVIO and ALWAYS put EVIO on the shortest of leashes. If it dropped more than 5-10% I was out. I took profits at 20-40%. Overall I made money here but not a lot. What I never got was why anyone would hold this long knowing the management was as bad as they are. At these levels I would buy at .06-.07 sell at .10-.12 rinse and repeat. But I guarantee you what will happen is it may run big one day to maybe .20 and no one will sell thinking its coming back. Really? Did management change? lol. I made the same mistakes in Bio this year, played an FDA Adcom meeting and it went south and the stock lost 70% in one day. I had two choices, let it ride and wait for a turn around (great management and great science with this company) so I bought and doubled my shares and cut my pps in 1/2. So far so good.
A few simple rules:
ALWAYS take profits. No exceptions.
NEVER buy into FOMO, never. (you guys seem to have all done this)
Set mental stop loss and ALWAYS no more than 10-20% loss at any given time.
Average up or down depending on stock and market sentiment.
Never EVER invest in a stock with bad management especially a penny stock.
owg2- I think your strategy is more than sound on this now. If you continue to do this....buy and take profits, set mental stops, you could recoup some, if not most, of your profits.
I came here today to see if THCM was still here. You guys can learn from his dd and experience. Look we all have made bad investments. The question is did we learn from our mistakes?
Merry Christmas, Happy Holidays, Happy New Year, GLTA
Could not agree more
I’m not in it, been there done that. Cannabis is off my radar until late Dec early 2020. I think at .10 with the amount of undisciplined penny traders looking for their holy grail, u could see them take it to .20. If I were in it I’d set stop loss at .09 and would be out at .15 just not worth my time. Too many great Bio companies ,with life saving, cancer technologies, out there bro. Makes me happy to invest in those technologies. I’ve lost too many to friends/family to cancer. Glad to invest in these.
I sent two buddies here telling them this was one they might want look at. I was blasted and made fun of. Seriously. Of course these guys only invest in mostly mid to large cap tech stocks, some cannabis MSOs and Extractors and Biotech. I guess if you have buddies who love pennies this might be one to look at. I was made fun of (my boys busting my balls). To each their own. I would not recommend this to anyone other than a spec play, short term, to possibly double. I would sure as hell let them know about management, or lack of. As a spec play, and that is all, this could be in play but not this month. Good luck.
I think you might be right. My point was maybe you get back to .40 in time, even .60. But those holding from more than $1.00 will always be chasing. This is no BS....I sold my TILT today for a $1200 loss (I should have sold it last week) and I will re-enter in Jan. I bought PTI (Bio) and made $1192.00 in first two hours. With any stock there has to be a catalysis for movement. With Bios its easy...FDA clinical trials or at Bio meetings where they update findings. Same with Cannabis and EVIO. If somehow they can spin Mass opening the stock should rise, no doubt. At .09 or .10 from here not much risk I would think. I thought the same thing as you, bought in at .27, waited 3 days and it fell to .25 and I was out. Now looking at .10 entrance I would hold 3 days and if it fell below .09 I would be out (if it closed there). Thats just being aware its a penny, its a spec stock, and it has inadequate management at the top. Most of you held at .25 and at .20 and at .15 and now at .10. To me that is just bad investing discipline. If there are multiple catalysis's happening in a month then selling at a 20% gain might not be the best move. It all depends on the situation. Seriously if you have not, look into Biotech and not the cheap pennies to make a killing. Its real science, regulated by FDA, with science for cancer that saves peoples lives. I would give you some names to research (its my background and I do not post on boards in Bio) as I do not want to spam here. Anyway good luck with EVIO.
Carter you know I have always been respectful of you. Man, do not embarrass yourself and credibility on other boards by sending people here. Seriously. I do think if you had no shares, this could be a decent play at .10.
I do not understand how any of you never set stop loses (even in your head) I have always had a tight rope on this penny. Honest to God I never lost money over all because when I was up 20% I took profits and when I was down 10% I sold. You have to with a spec penny play. Add to that shitty management, no cash, etc. Yes, at .10 this could bring a double because of all the people catching a falling knife. Hell I may for fun sink a couple grand into this at .10. On big volume and down 16% is not a good sign. Make this a learning lesson. ALWAYS TAKE PROFITS there is no exception to the rule. The worst thing, imho, is to avg down and down and down, catching a falling knife..... KNOWING MANAGEMENT IS HORRIFIC? I do not get it. Guys its tax selling season and the entire sector is going to hurt for at least another month. EVIO at .10 could be the exception. (But not to avg down even more because you have no one at the helm that knows what they are doing) Maybe look into Biotechs? They are hot right now and real science, most have exceptional management in Bio at least the companies I have either invested in or plan to invest in. DIVERSIFY. Be disciplined. Have a plan. If you are up 20% take some profit always. Learn from this and it will pay dividends later. Use the 3 day rule.....this usually works for a base price for consolidation. If you are down 10%-15% sell some, wait three days, if the price starts to rise, you can always buy back in, right? If it continues to fall you saved your ass. I see most of you have invested heavily in EVIO and continued to invest, falling in love with the company. Do not fall in love with a company. EVER. A lot of you wanted to hit the home run for easy retirement. You know better. Rarely, if ever, does this happen.
The good news is for those of you who are not invested here, .10 could be a decent gamble compared to investing in any other cannabis this month, with the exception of maybe TCNNF. I really hope EVIO turns it around. Do yourselves a favor and quit making the same mistake over and over and over by continuing to avg down and down and down. Its financial suicide. You can use the money to rebuy into the cannabis sector in 2020 as most of those stocks will be on sale. Learn from your mistakes, in the end, you will be fine, but only if you learn from your mistakes and quit making the same mistakes. You know the saying: doing the same thing over and over, never changing, and expecting a different outcome, is the definition of insanity.
eliminate not illuminate. I need to put down the bong.
Beck I have to agree with you on all points. I do think if there is any glimmer of hope it is having a relationship with Steep Hill. At least Mass will be open but to your point, they owe so much it could be a mute point. This is why I will wait it out and make sure before putting a penny into EVIO. Even if it seems legit (Mass and Steep HIll) THCM has a valid point about Steep Hill taking over all of Mass lab. The management at Steep Hill is solid, and the rational (ROFLMAO) WW is out of his league if he is trying to negotiate a deal with Steep other than to stay alive. I think its a positive but everyone should be very cautious here. How anyone could just blindly throw money at EVIO without having full knowledge of the Mass news, is irrational at best. EVIO will always be just a spec play for me but I doubt I will take a dip back in unless Angel Pub and others, start to pump EVIO then I will because it will be a momo play at that point, and penny investors will throw their lives savings at this trying to hit a home run. If you really want to see huge momo jumps go to the BIotech space, do your dd and be patient, and the amount of money to be made (or lost depending on the chance you want to take) is incredible. Personally I want solid companies with solid management, companies with incredible technology, (see MDCO for example in Biotech, CLVS, or AMRN) or a cash cow like a IIPR. Of course I always play one spec stock to illuminate the boredom. I do think Steep Hill was by far the best EVIO could hope for and I believe what is .22 now could easily have momo to carry it back to .60. before the shit hits the fan again. Far better to be careful here and cautious vs just throwing your money away. The testing sector, along with Extractors, are to me, the best two niches to be in, within the cannabis space. I am happy that there is some glimmer of hope for EVIO going forward.