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I learned that lesson to, especially in Penny Stock land.
Just look at MCIG for a prime example!
I also learn to sell half on a double
as I did with MCIG, TRTC and many others
get your money back and enjoy the next ride for FREE.
Not saying that FOFU doesn't have a future
but until it does
it will fall back to where it came
just like all penny stocks.
The run up was nice for those that sold.
Sure it is all about the future "sales" of MCIG product.
But until that is proven..it is all about the gyration of the pps in penny stock land. And that is the current state of MCIG.. it is doing more gyrations.
However..
Its look like I will be wrong again with MCIG
Well, I will say it will go no lower than .16 but probably .17 on this pull back.
http://stockcharts.com/h-sc/ui?s=MCIG&p=D&yr=0&mn=4&dy=0&id=p71078428402
Given the fact it has seen higher lows so far this year.
But who knows???
This puppy is getting sicker everyday.
We need something to pick it up.
Speaking of share structure,
what is authorized shares count for FOFU?
It is nice that they only have 90m Outstanding Shares
but how much CAN they dilute in the future with Authorized Shares??????
Forget FOFU
this will take to long to get MCIG brand out there.
MCIG needs to get into SBUX
This would only takes a matter of weeks and we be rollin in the $$$
Now that would be a winner!
I never said it was insiders doing the pumping and dumping
Someone in the market has the ability to push the pps up and then sell it off
then take their gains.
It is just the way the market works.
Penny stocks play this game all the time.
Not saying MCIG wont go up
But today look like another classic MCIG pump and dump.
And FOFU playing the same game.
Got to love these penny stocks.
Just what I thought would happen: oversupply.
http://www.komonews.com/news/local/Too-much-pot-Growers-struggle-with-glut-of-legal-weed--288787991.html
All I know is that after 8 years of owning this stock
I am am still deeply in the red!
I am tired of buying the dips only to end up back there over and over again.
Are we really going to see the 5's again???
Come on OCAT...say something
WTF is going on!!!!
And you were smart to sell on the news.
This has been MCIG pattern: nice pop then sell off.
The pps will not maintain a upward momentum until "Show us the money" comes true.
When is the next 10Q?
That has been my observation too with most mj stocks
I have own/do own CBIS MJNA MCIG TRTC HEMP
They all run up at beginning of the new year
Then fade away the remaining part of the year as traders take gains.
Only problem this year is that the mj hype is gone.
Now those companies that have survived MUST "show us the money!"
You are right about that..no sector run.
The hype has faded away.
MCIG died after the dividend and any value in VCTQ is fading away.
So this basically is a big washout.
I would like to say that these VTCQ shares are free shares
but they are not
their value was created from the value we loss in MCIG.
Since the dividend happened, MCIG has died and gone nowhere.
If VTCQ loses value
then this "dividend" was all for nothing
"time to time sell up to 57,000,000 shares of its common stock to Magna Equities II, LLC over a 24-month period"
Look like this year and next year ATM cash machine is kicking in!
And we get to foot the bill.
After a year
and all that has happened
OCAT is still worth no more than it was last Dec
http://stockcharts.com/h-sc/ui?s=OCAT&p=W&yr=1&mn=1&dy=0&id=p32141576020
All you can do now is live, learn and don't forget.
If you held throughout the year
you will live another day
you will learn that MCIG will be pumped again at the beginning of the year
and hope that "this time" you don't forget to take your profits and NOT believe the pump.
Wow, into the crapper this goes.
Look exactly like the BIG selloff during last December!!!
WTF
Can't Buy or Sell any shares!
Symbol is not found!
This Yo Yo ride is getting kind of old.
Although I do wish I was smart enough to play it.
It states on the first page that it is based on Stock performance!!
And they are listed as such.
http://www.forbes.com/sites/caroltice/2014/11/14/meet-the-8-hottest-publicly-traded-marijuana-companies/
"Which companies had the best stock returns in the first three quarters of 2014? Here’s a rundown, with top performers listed first "
That article was only based on "Which companies had the best stock returns in the first three quarters of 2014?"
Since the 3rd qtr, MCIG pps has fallen over 50%.
So I imagine the ranking would be different now.
So the question is: Why has MCIG fallen since then??
Look like MCIG is just on a slow march to nowhwere.
http://stockcharts.com/h-sc/ui?s=MCIG&p=W&yr=1&mn=6&dy=0&id=p39170898043
TRTC is up because of this
CORAL SPRINGS, Florida , December 18, 2014 /PRNewswire/ --
The cannabis retail market is expected to reach $12 billion by 2020 as America moves towards legalized marijuana state by state. Companies in focus today are: Zoned Properties, Inc. (OTC: ZDPY), Medbox, Inc. (OTC: MDBX), GW Pharmaceuticals plc (NASDAQ: GWPH), Vape Holdings Inc. (OTC: VAPE ) and Terra Tech Corp. (OTC: TRTC)
They mention VAPE..
Where is MCIG?????????
Is MCIG the only stock that is Red?
It is on my watch list.
Disappointing
Too bad..
Today would have been a good day to move to the NASDAQ
The markets are up big time.
Daily List Comment Market Center moved to NASDAQ postponed.
Wow
Why has MCIG turned into such a POS?
They gave us the long awaited divi, but it has no value.
The pps has loss almost 40% of it value since then.
I just hope this thing will turn around in the beginning of the new year.
Since that seems to be the time mmj stocks kave gotten their pump up.
Nort40000.
I just read a similar comment on Icell..
Maybe because of the possible Govt Shutdown tomorrow
which would surely cause some negative market Turbulence
OCAT feels that maybe they should wait until the spending bill debacle is finalized or a day or two has passed for the market to have settle down.
Makes sense to me.
who knows?
I guess it can be one of two causes
There were not enough takers at the requested offering price so now they have to scramble around to find more buyers or lower the price.
or
There were so many takers at the offering price they have to scramble around to find more shares to sell them.
Take your pick!
You are right about the Insider buying.
Just look how much TLOG insiders have bought and the rise of the pps afterwards.
http://finance.yahoo.com/q/it?s=TLOG+Insider+Transactions
If OCAT insiders would do the same!
I never said the market was rigged.
I love the market (most times).
I was just saying that it would just be a different bunch of people the NASDAQ.
But there are always going to be manipulators: good and bad.
And i am not from Mississippi!
Well, I guess you can say that OCAT is down with the rest of the market.
Plus you can say that no one is really buying OCAT this week except for the traders who are taking it up and down.
The main reason is probably that no one really knows what the offering price is going to be of those 10million shares. I would say they will be offered at a 10% - 20% discount from today's pps. So, that would put it at between 4.80 to 5.90. So why would you truly buy now.
But what do I know after holding this dang stock for almost 8 years!!!
Do people really believe there will be less Greed and Manipulation on the NASDAQ?
It will just be a different group doing it.
A different group with deeper pockets.
I just hope the pps of these new VCIG shares
make up for the pps decline of MCIG!
They showed up in my TD Ameritrade account.
Look like the debate of if you bought on Ex Div date
you would get shares.
I didn't get any for the share I bought that day.
Look like MCIG is going back to BOY pps around .10
http://stockcharts.com/h-sc/ui?s=MCIG&p=D&yr=1&mn=1&dy=0&id=p80624920749