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A lot of the buying this morning will be flippers and they will want those profits at some point. I would watch this one closely. Maybe a pullback in the am? That would setup for a better week.
I was talking specifically about the chart. It could consolidate a while before next run up but I don't doubt that will happen. Just looking at recent trend.
It could take some time for this to play out but I see some good things here. Will be on watch to add more.
Yeah it appears to be trying to reverse here.
Just starting to get better educated on charts so sorry I'm no expert but:
MACD has been climbing and getting close to 0 crossover. Looking for confirmation tomorrow and I'm coming in.
Interesting. Thanks for the info I'll look into it. Been out of this one for a while.
If that's the worst news out we are in good shape. Although you are right and anything could happen this week.
It's funny how the guys say .10 is coming but don't think a couple of consolidation days are possible after a huge move up.
It may get a good bounce off the 50 dma and golden cross by end of week. I'm going to plan for that and pick up some shares monday.
Golden cross this week?
Probably buying more monday.
Did it find a bottom??
Ok maybe I did, maybe I didn't. I didn't sell out and have money to buy more.
What? I was holding 1 mil until Friday.
Ok. I sold some of my position already. Will be flipping though to maximize profit with minimum risk.
General question for the seasoned traders:
Do you usually focus on 1 stock or do you have multiple at one time? is there a difference for swing vs. Day trading?
Got in Friday, loading more this week!!!
Time to load the boat
Any talk about energy drink with hemp in it seems to spark a rally. After THCZ blew everyone away. The trick is finding the next big thing and getting in early enough.
Is that legit? Very interesting the auto industry would try to appeal to Marijuana users. I understand the hemp uses but that statement is interesting.
I believe it will happen early and then we could see an afternoon pullback to setup.for .10
You live near New Haven?
Oh ok. I must say that is impressive. I'm holding a portion and have been flipping some also. Really think there is a bunch of money to be made here.
Wow you waited until the first move up to sell? It could run for a while from here?
So they sold almost 1 mil of michelado mix in 1 quarter? They other products aren't out yet. That must be some really good stuff.
At first I thought MJ growers would be making a killing. After following companies like Tweed struggle and seeing the show about growers on TV now I understand. There isn't much margin because of the high overhead costs. Hemp, CBD, edibles, drinks may be the best businesses to be in.
On watch next week
Hahaha, I got a laugh out of that.
I'm no expert trader myself. You do have to learn fast here. I've been burned a few times and left. Now I'm back and doing better. GLTY
Man you haven't had much to cheer about lately. They are driving this into the ground.
Dead cat bounce or does this have something behind it?
One year down trend. Crazy. Do people think this can run past 2014 highs?
My bid is lower than that. You give this too much value.
Blue sky breakout sounds good to me.
Is this one the real deal? Does it have what it takes to get to .05 and above?
And that gap didn't fill like you were certain it would.
Wow this is up to .015?
Nice consolidation before pushing higher. I like it going into Monday with a possible update thus weekend.
That would be massive!
Boom baby! Picked a good time to get in.
I can see which way this will be going.