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Depressed I only bought 32K shares at .01
I was going to buy another 50K shares that week before it exploded. :( :( :(
Stockcharts.com shows RSI(14) @ 71.76 and holding today.
I think Scottrade uses RSI(15) or something.
MACD over the signal line. I wish I could buy more today. Might still get consolidation in the mid .02's but it looks like the pattern is holding and pretty bullish overall.
I agree that we will see consolidation likely in the mid .02s where we are now. But with a parabolic MACD it usually means the move will continue at least until the averages cross.
You're right about it still being under the 0 line, but just barely, it's in a position where if we get continued volume, interest and momentum it could be over the 0 line in no time and then we could get a fresh MACD cross over the 0 line.
RSI 73 is overbought, but as I'm sure you know, stocks can RUN when they are over 70, it's only when it comes off the 70 line that it may pullback.
Technicals look good on this still. I would like to buy more at .02 though, Maybe I will get a chance, maybe not.
I read that from a press release on Yahoo Finance - Headlines. Am I missing something?
I bought 32K (~$320) of shares at .01. I was going to buy another $500 worth under .02 but now it's bounced so much. I agree that this could continue to launch but it could also take a breather after some profit taking from a 3x move.
I would have liked to have bought another $500 back at those old prices :)
PPET? A small petstore/pet grooming that publically announced they can't continue opperations without equity sales?
Doesn't seem like the best canidate. Does this one even have potential for growth?
Ok, I'm in the right ballpark. Whenever I invest $300 and it 2x or 3x I wish I invested $600-1000 though.
I just bought $350 of Cannibus Science (CBIS) at .01 and it ran to .032 in just a couple of days.
I was going to buy another $300-400 before the run-up. I still might but I think I'm looking for other candidates to diversify.
What is a good exit? Normally when I'm trading regular stocks I look for a CCI exit signal, but on penny stocks is there a set threshold? 3x, 5x, 10x, 50x? how do you know when to sell?
How much $$ is the right amount to put down on a penny stock pick? I know this is different for everyone depending on risk tolerance total capital, number of positions, but give me an idea.
Hey Dounome, should I invest in this tomorrow morning?
I'm a CISSP so I like what this company does.
How many shares should I start with?
Is it too late to add more?
I bought 30,000 shares at .01 for around $300. It was nice to triple my money.
I had planned to buy another $500-1000 worth under .02. It has run up so much now do you think it's too late?
I know this could easily be at .15-.25 without much happening. Do you think there will be a pullback or will this keep running?
Chart is looking great. I'm just hoping for some consolidation back to .02
I'm not trying to bring all the non-sense from yahoo over here; As you know I've been one of the people debunking most of the non-sense over there.
It doesn't seem to me a bad idea to call the PR department at Itronics and see what their official explanation is and even get some insight into inventory.
ITRO Silver Revenue
Ok, I'm sure many of you have seen the tirade fed has been on, on the ITRO Yahoo msg board.
I was wondering if one of you could call Itronics and get a good answer to Fed's questions. He is stating that the press releases are showing an increase in fertilizer sales and an increase in silver revenue but that the math shows there is a 9% decrease in silver production.
Of course the missing link to this is that we don't know how much silver or silver-goo pre-stage liquid is in inventory.
Soilder Hard or anyone else, is there anyone here who can provide any good answers for the silver revenue vs. production and if there is additional inventory being held in reserve.
The question is an interesting one, I wouldn't mind hearing some answer from Itronics on this topic myself.
Any thoughts?
Pho,
It tells me that this is undervalued.
It's Fed, just trying to be a jerk. He's posting about it on Yahoo.
Volume, when do you guys think the volume is going to come in?
Hey we should all step in and buy that piece of land at auction, and then sell it back to ITRO when they get things together. :)
I wonder what this empty piece of land was supposed to be for.
On the upside,
Is anyone else noticing the stochastics and MA's are improving alot.
Daily 50/200 cross is getting close, and the Stochastics is fully reset and ready to run on the daily.
On the Weekly, the 200 MA is quickly catching up to price. This is really healhy as investors want to get in after all the downward moves and consolidations are over. When the price is at 1.50 and the Weekly 200 MA is at $10 as it was last year, its going to discourage alot of new money.
Now Weekly 200 is around 3.70 and falling. This price is actually 'with-in readch' of the current chart. As the 200 continues to fall more and more people should take notice.
yay.
Good news,
The good news is not just that it closed at $1.70 (.0017 pre-split) but the pattern the chart is making.
* First time in almost 18 months that price has closed over the daily ma(200).
* Price now gave a solid close above Ickimoku Cloud
* Solid positive divergence on the chart
* Share count is alot tigheter post split, so when we do get the run, it could be very substantial
* Fundamentals are improving (the business is looking better)
ITRO could potentially post profits near 8-10 million, which is 2-3 times the market cap.
Once this puppy posts real growth over 10 million, more speculators will come on board.
I think a $10 price target is reasonably within reach.
From there, if ITRO does the 100X silver project, that would be another 10x revenue, possibly 70million in silver. So can you imagine ITRO at $100/share?
maybe 10:1 split time if it gets there, or else just keep it with the high flyers.
Independent Production,
Dude fed, come on, are you still wondering about that? I think it's been made clear the process is semi-independent.
I interpreted today's press release to say something like half went towards independent silver production, and half went towards fertilizer. If I read that right, i think that's a good business stratagy.
Very good day,
Hey everyone,
Nice to see ITRO doing so good on nice volume too. Price to close above the daily ma(200); nice.
I only have about 4000 shares since I had to sell some 3 weeks ago for something important. I really needed the cash. Of course now I regret it. I wish I had bought some last week when it was on sale.
I've always wanted to double my position and hold around 10K shares. I dunno if I will get the chance before it explodes.
I don't understand the whole MM thing.
So someone said there are 3 MM's between here and .07. Why do the MMs' hold the stock down? If they own stock wouldn't they profit more from selling at. 07. There's obviously enough demand that they could sell at .07 now.
So with news like this....
WHy is the PPS not running past .10. It seems like free money with the Dividend of the new shares + the discount coupon.
Agreed.
The SP doesn't have to get to $2 to make the warrents worth it though. Even if it was $1.20 wouldn't it make sense to excercise them?
So let me see if I understand this
I have 10,000 shares of CBIS, which I bought the other day at .052.
After the 31st, I will get 1000 shares of the new shares valued at $1, and a warrant to buy additional shares for $1 within 90 days.
That's a pretty large dividend isn't it? Maybe I should buy more shares!
I would much rather hvae 100,000 shares instead of 10,000. For only $6,000 I could have alot more shares! Hmm ok maybe I'm dreaming, but I do have two other penny stock positions of about 6K each; Maybe I should sell a litttle of each of them and buy more CBIS>
Chart is firming up; in my experience it takes a little time to reverse the drop after the election pump.
Technicals and candles are looking like it should resume a new uptrend again.
So if ITRO lost the summary judgement does that mean they lost overall? What about the counter suit? and can ITRO appeal the rulling?
Maybe a better question...
Is how high do you think this stock will go if it hits?
CBIS; Dividend and other questions
Hi I'm a newbie to this stock. I read a bunch of threads about dividend news. What exactly is being proposed. I understand that the news may get postponed some more, and thats ok; but what is it that may happen with a dividend and CBIS?
Second question, I bought 10,000 shares. Is that enough? My gut tells me I should buy 10 times that at like 100,000 shares.
700 shares... that was me :(
I really needed the money for a work training thing and the holidays. Had to share a little ITRO and some other stock too.
Hopefully I will be able to buy back in around $1.50; but I'm guessing I will be paying closer to $2 or more.
Since the dividend delay news is expected; isn't it priced in? Won't we get a buy the news bounce when the delay information is out (unless its worse then expected)
When do you think a PR will come? And since I am new, can you give me background on the dispensary?
That should provide good revenue, right? what is the target? Right now the market cap on CBIS is about 5M. And does CBIS get the revenue for RockBrook? What is their relationship?
Sorry for all the newbie questions, but I might want to add to my position if I think theres resaon to.
You said you thought the price would keep falling until a PR was released; How low do you think it can go, and when do you expect the next PR?
I just bought 10,000 shares, around $530 worth @ .053.
Do you think .052 is the bottom or do you think it will goto .04? It looks like .041 could make a double bottom, hopefully it doesn't go lower;
Hoping for a good bounce after this convention.
Also since I'm new to CBIS: can someone help me understand what the revenue growth opportunities are?
Week-end.
I agree it was a great week-end; Closing at some key levels. I got nervous when I saw 1.30's today on a Friday. Would have made for a bad looking candle on the weekly chart; but indeed we got a nice confirmation candle today. The volume is so weak we get some odd fake-out signals sometimes. Daily chart is almost useless; you have to use the weekly until we get consistently over 15K / day.
Hopefully we get a great follow-through week next week.
5M Market Cap means ITRO could be a 50 bagger.
NIR
Can someone explain to me more about what the suit is about.
I know NIR is suing Itronics for something and Whit is counter suing for Insider Trading (dumping immediately on delivery)
What is NIR suing Itronics for?
Nice price movement and close.
If tomorrow we open and can hold above 1.55, we should see a nice run to over $2.00 - 2.20.
This time it should hold and continue. The stock will soon take on a bullish formation;.
Questions,
I for one, also appreciate the tough questions. Sometimes though, it may be that no one on this board knows the 'real' answer. A lot of it is speculation.
We have some people on this board that seem to know more then others and have more contact with Whit.
That does not mean they have the perfect answer for every scenero.
We also have different expectations of what a good press release is, or what decent growth is.
I think we need a peace agreement on this board although it may be easier to come up with a new Middle-East peace accord.
The Agreement:
1. Everyone try their best to answer tough questions and critism posed on the board.
2. Even better, lets find a way to get that information to the company in a constructive way
3. Everyone stop calling Whitney "NitWhit". It's soo stupid. Anyone who owns even one share is simply shooting themselves in the foot.
4. Remember, this board is one of the primary sources where new investors are going to look. Don't think that the 10 people that post on the board are the only ones watching.
The company will rise in value when revenue rises. It is improving and headed in the right direction; although not as fast as some would like. Personally I would be happy if it went up 10% every year. Since the share price is at the low end of fair-market value I feel safe in my investment. I know that one day, there will be a significant jump in revenue beyond this.
Remember, if you want a bunch of speculative investors to put their capital down, we the shareholders need to also portray confidence in the company and in leadership. Being critical is good to a point.
Reverse Split..
Fed you HAVE to admit it now. The reverse split was a good idea. ITRO was NOT going to be able to get along in the world with a stock price of .0012.
You HAVE to admit that the price stabilized and is now bullish. You didn't think that was going to happen did you? You thought it would just get sold down to .001 again..
You HAVE to admit that ITRO looks alot more attractive now. It could still be an easy 10 bagger. And yes, it could still be a 100 bagger if the revenue follows. Just because it was .0012 before doesn't make a 100 bagger any more likely.
While we are admitting things, I have to admit, I was wrong about resistance. ITRO broke out to $1.70 today, OVER the cloud. That usually doesn't happen unless their is extreme momentum. ITRO is so tight now that it was able to more easily cross the cloud now instead of two weeks from now.
Something special?
lol; what would that be?
Fed; Ickimoku Clouds
Did you get a chance to pull them up; Were you able to follow my post?