is...doing as little as possible
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wholeheartedly concur with your analysis. BMAK has been in control for some time now and it is frustrating. I think the ask could be much higher than it is now if not for BMAK. What can a small investor do then? Not much of anything. OTC is a game to be played and at best you can hope to ride the coattails of those running the game.
Living on BID (.069) and ASK (.071), as is common. He wants to keep that sell price bottled up tight, don't he?
Right now BMAK is the top bid at .0070 and also the top ask at .0072. If anyone wants to buy, they have to bid at least .0070 or their order is blocked by BMAK. If anyone wants to sell, they have to sell at .0072 or less or be blocked by BMAK, thus BMAK controls the pps. The second BMAK drops its bid, the other brokers follow suit. When BMAK raises the ask, the brokers follow suit. Throughout most of the day BMAK sets the minimum bid and the maximum ask, for this past week anyway.
Yeah, I've been watching them. You can usually get an idea of what the day's trading range will by observing their bid and ask. They pretty much are in control of the pps, setting the minimum acceptable bid and the maximum acceptable ask with their infinite barrel of shares. This gives them a very profitable process of buying low and selling high every day.
Any guesses on when BMAK is going to get out of the way for at least a few days anyway?
Maybe you all can explain something to me that I don't understand. Why would MJTK convert the notes at a share price of just .0004 rather than something closer to reality? It seems to me that the company would have been better off selling shares into the open market and then paying off the convertible notes from the proceeds, or even just converting the notes at a market price (less discount of course). Dilution would have been far less if they had. What am I missing?
Thank you, thank you very much.
There are no words!
Sleek, you are truly a genius!
(Reporter):
Hello, everybody, this is your action news reporter with all the news
that is news across the nation, on the scene at the stockmarket. There
seems to have been some disturbance here. Pardon me, sir, did you see
what happened?
(Witness):
Yeah, I did. I's standin' over there by the tomaters, and here he
come, running through the MCOA, through the CNAB and the AMMJ,
nekkid as a jaybird. And I hollered over t' Ethel, I said, "Don't
short, Ethel!" But it's too late, she'd done been shorting.
(Chorus)
Here he comes, boogity, boogity
There he goes, boogity, boogity
And he ain't wearin' no clothes
Oh, yes, they call him the Sleek
Boogity, boogity
Fastest thing on two feet
Boogity, boogity
He's just as proud as he can be
Of his algorithming
He goin' give us a peek
Oh, yes, they call him the Sleek
Boogity, boogity
He likes to show off his technique
Boogity, boogity
If there's an audience to be found
He'll be sneakin' around
Invitin' public critique
Thank you Glenn. I think we will all do well in MJTK, if Friday is any indication. I currently own 2 million shares myself and have a long ways to go before I get anywhere close to that magic 22 million mark, lol.
I wish everyone shared your sentiments but apparently the intended will never see the sincerity with which mine were offered. I have no other means of contacting sleek as I have been cut off from all other channels of communications with him.
I do have my own board to attend to on FB with over 400 members and have little spare time as it is but I will be checking in from time to time to catch the latest scuttlebutt. I was merely trying to reconcile with sleek but it doesn't look like it was meant to be.
Looks like I nailed it on the price.
"Honestly, it wouldn't surprise me to see it hit .007 to .01 today and 200 million in volume."
We closed friday at .0077, well within range of my prediction. Of course, I got blown away on the volume prediction. Wowzer!
I truly bear you no ill and hope you can find it in your heart to forgive me for anything I might have said that you took offense too. If you look in The THC Tabernacle on FB you will see comments I made on Friday about AB's attacks on you and how I am extremely supportive of you and your sheer genius with these pot stacks. I would love to talk on the phone with you again. Forgive me?
You have to know the guy posting the buy suggestion. He has an incredible record for making money in these stocks. The best on the planet.
lol, can't blame a guy for trying!
Honestly, it wouldn't surprise me to see it hit .007 to .01 today and 200 million in volume. I mean, you posted your pick just 45 minutes before the close and after you already had your fill of buying for the day, just look at the impact that 45 minutes had on the pps and volume. It jumped 25% on your word alone in just 45 minutes.
Your reputation precedes you and your influence in the pot stock market is phenomenal. As I have said before, your word alone can move mountains.
I understand you have a target of .03 to .07 by 4/20 and I see no reason why we cannot reach that.
Of course, the fewer new GS stocks for 2017, the more focused people's investment will be and the higher your picks will move. The more stocks you add to the GS, the more people's investment will be spread out. I would consider 3 "will do very well" picks to be ideal and only more if they can be easily identified as outstanding picks rather than just an "ought to do well" pick.
I'm also glad to see you including investor sentiment in your calculations now. I drive my picks more by that than fundamentals when I intend to flip a stock. Fundamentals become more important the longer you hold.
So you going to unblock me so I can send you private messages again or are you still mad at me?
Watched the pps rise after you came out in favor of it. It's amazing how one man can move a mountain with a single word. Don't worry, I'm riding your coat tails again, like it or not, and shared your selection with my FB group, which now numbers over 400 members. I didn't get in early enough to get the full benefit of today's rise but I did catch half of it, increasing my holdings by 20%. Let's do it again.
where? Have a link?
Companies often issue such letters to people they are able to identify who post comments that cause investors to lose trust in their stock. However, it's not like you are being accused of providing misleading guidance, like incorrectly posting about a Form 4 statement when you know your public position on the Form 4 is incorrect, or being accused of being paid to pump, or at least not to bash, a stock to your members. I haven't read your previous comments so I don't know how it is they are accusing you of libeling them. Still, I agree, SGBY has a lot to prove and a long ways to go if it wants to be the company it purports to be.
Well, my belief is that a particular group worked specifically on AMMJ plus 4 other MJ stocks and this group was a part of a much larger group working other sets of pot stocks.
I agree but it was not limited to just 2 other stocks. The entire pot market was hyped beyond measure and a classic bubble ensued based on the premise that an enormous run would ensue after the election. This was to ensure a maximum run up right until the election and then the day after the election, rather than a run up, millions of shares across the sector were dumped on the market, stop loss orders kicked in, MMs shorted the stock, and the bubble burst. An investigation into those responsible should be undertaken by the SEC and those responsible prosecuted to the fullest extent of the law as this is classic market manipulation.
I've hit an 11 bagger overall in the past month alone. Awesome!
Aren't most OTC traders inexperienced investors? Given that, how can you trust any research on an OTC stock if the inexperienced investors can so easily blow that research out of the water?
I wasn't familiar with Accumulation/Distribution but I am now! Thanks!
Wow! What a day. You don't see profit like this very often. I guess it should have stayed in the Salami. Big mistake in dropping it.
What is going on with AMMJ? I thought a short squeeze was going to happen and then the news this morning should have catapulted the stock upwards. It's down 12.3% right now.
General Cannabis Corporation Issues Statement About Promotional Activity Concerning Its Common Stock
11:44 am ET October 13, 2016 (Globe Newswire) Print
General Cannabis Corporation (OTCQB:CANN) announced today announced today that it has been made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and promotional activity concerning CANN common stock.
On October 12, 2016, OTC Markets informed the Company that it became aware of certain promotional activities concerning General Cannabis and its common stock. OTC Markets informed the company that it had received copies of promotional newsletter emails encouraging investors to purchase the Company's common stock. The Company has been informed that this promotional activity coincided with higher than average trading volume in the Company's stock. The Company was unaware of the promotional activity until informed by OTC Markets and is unaware of the full nature and content of this promotional activity, the responsible parties and the extent of the email newsletters' dissemination.
General Cannabis Corporation states definitively that the Company, its officers, directors and, to the Company's knowledge, its controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of promotional materials including these email newsletters; and that the Company, its officers, directors and, to the knowledge of the Company, any controlling shareholders, have not sold or purchased the Company's securities within the past 30 days other than as specified below. Further, the Company has not, other than disclosed in its Form 8-K filed with the Securities and Exchange Commission on September 26, 2016 disclosing the offering pursuant to which the Company issued an aggregate of 4,500,000 Series A Warrants exercisable at $0.35 per share and 4,500,000 Series B Warrants exercisable at $0.70 per share, none of which have been exercised, issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.
"The Company is not aware of the promotional materials' author or its affiliated entities or persons. The Company's recent press releases have reported on and provided disclosure of legitimate and ongoing corporate activity only, and are not part of any promotional activities or campaign," stated Robert Frichtel, CEO of General Cannabis. The Company encourages those interested in the Company to rely solely on information included in its press releases combined with its filings and disclosures made with the Securities and Exchange Commission.
On October 12, 2016, Robert Frichtel, CEO of General Cannabis, filed a Form 144 indicating his intent to sell 100,000 shares in accordance with Rule 144. On October 12, 2016, Mr. Frichtel sold 25,000 shares of common stock in open market transactions. These sales were made prior to Mr. Frichtel being made aware of the promotional activity. Mr. Frichtel's intended sale is in compliance with all Company policies and procedures and Mr. Frichtel has stated that he is not aware of any non-public material information. Mr. Frichtel intends to make any required filings within the requisite time period disclosing any sales.
Yeah but CNAB is killing all my profit today.
Well I am disappointed. Only increased my portfolio value by 3.73% today instead of the usual 10% to 30% a day I'm used to. It only netted me $780 today. How can I buy a house in a year at that yet, Sleek? Let's get on the ball here! Oh, wait, at that rate I could still make $200K in a year. OK, I'm good, lol.
Greengro Technologies Inc (OTCMKTS:GRNH) Continues Powering Higher
By Jermaine Farmer - October 11, 2016
http://oracledispatch.com/2016/10/11/greengro-technologies-inc-otcmktsgrnh-blooms-cannabis-patch/
Greengro Technologies Inc (OTCMKTS:GRNH) has been powering higher along with the rest of the cannabis patch as investors and traders look forward to a possible tripling of the market footprint in the marijuana space when voters hit the ballot boxes around the US on November 8.
This is a general catalyst that we have been harping on just about every day lately. You can’t fade this group given the expanding pie we are likely to see in a month. And shares of GRNH stock are truly a central play in that space for traders. That said, a little sanity is important here as well: This is a company displaying declining revenues (negative growth) from a low base. Recent action has seen nearly 110% added to share values of the name over the past month of action. This is emblematic of the stock. GRNH stock traders have benefited numerous times in the past from sudden massive rips in price.
Greengro Technologies Inc (OTCMKTS:GRNH) promulgates itself as a company that designs, manufactures, and markets green eco-friendly vertical cultivation systems in the United States. It offers flux lighting products, table stands, nutrient mixers, home units, cloning systems, and tea brewers, as well as provides consulting and management services to its clients.
The company also markets lights, fans, hoods, automatic watering systems, and nutrients under the GreenGro brand.
GreenGro Technologies, Inc. offers its products to consumers and industrial cultivators through its Website. It has a strategic alliance with Solaris Power Cells. The company, formerly known as Authoriszor, Inc., was founded in the 1996 and is based in Westminster, California.
yeah, mine is getting deep fried today! bleh
Somebody is paying with my Salami and I don't like it. I asked them to stop but they persist. Is this assault?
AMMJ attempting break out but got yanked back down. Took a buying opportunity at .419 and picked up 4K shares. If GRNH don't get its ass in gear I'm gonna dump it.
MCOA hits $.02
Loving me some MCOA this week! Go Go Gadget Salami!
What, no YMCA?
well it takes away from your beautiful salami and you know how much we love your salami!
What's with all this non-salami garbage being posted? Get rid of the crap. I don't mean the occasional "what about this one sleek" but the blatant pumping of other stocks. We're here to talk about salamis!
Sleek is making us a YUGE salami sandwich for lunch today!
Sleek,
My current portfolio consists of the following weighted stocks:
CNAB 30% @ .34 owning 10,100 shares
GRNH 11% @ .049 owning 25,000 shares
MCOA 47% @ .0066 owning 813,000 shares
MISC 12% @ .024 owning 60,000 shares
Do you think I will be able to make a profitable salami sandwich, even with the MISC pickle on the side?
The thing I like most about MCOA is that my shares were so cheap that it only takes the tiniest of moves upward in order to make a huge increase in the value of my portfolio. Still got a little cash left in the kitty (very little) and wondering if I should go all in or hold it in reserve for extraordinary need and if I go all in, where should I put it? I'm also down 25% on my miscellaneous stock. Should I hold or dump and reinvest elsewhere? I do like mayo and cheese with my sandwich and sometimes I'm in the mood for a little mustard.
Your friend (and mine),
The Coinsguy
Took my profits out of AMMJ and bought 300K of MCOA with it, giving me 800K now. Crossing fingers for a revival in MCOA.
Hard day in the stock mines today. Most of the normal stocks in the pot sector were down, some considerably so. My portfolio was down 14.14%. It's normal for there to be temporary retracements after historic climbs in share prices like we have seen but this was across most all pot stocks so I suspect there is more to the story.
It's quite possible that many shareholders on the eastern seaboard took the opportunity to get out because of the uncertainty of being able to conduct trades the rest of the week as many coastal areas are being evacuated or under hurricane watches and warnings. I know approximately 1 million people are being evacuated in coastal SC alone, including me.