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sure hope you are right porky... i once thought that wash. state would be pivotal for bullish reversal too but i'm really not so confident that will be the case anymore. november ballots should definitely bring some momentum but that's still a good five months away yet... momentum will shift eventually, just hoping for sooner rather than later
damn... down, down we go. hold and average down or get out on the insignificant bounce that's gonna happen in the next few. i'm gonna keep holding but vpor has been a pretty big disappointment to say the least.
No, no, no, no... news would not be good right now. Let the 200 bounce on its own. The last thing we need is VPOR looking desperate. The problem is not VPOR itself but the sector it's associated with. It will come back and I believe we are starting to see the bottom now. Fluff news inevitably creates more sellers. Be patient and look forward to the qtr financials folks.
ERBB is solid, but that share structure... ouch! I'll buy in if it heads south between 1-2 cents sometime in the summer but I hope that the company will address the share structure sometime in the near future. I understand this is a period of growth but damn. A reverse split is inevitable here, hopefully they time it right.
beautiful flatline eod today, monday should be good imo
Buy on the dips folks. It's only a matter of times before MMJ stocks come back into favor per media-- Washington brick and mortar, Colorado revenues, state ballots etc.
I hate to see the stock price flounder around like this too but you have to look at it as an opportunity to buy more. That being said, VPOR is a solid company and less controversial than other MMJ plays. Risk here of a freeze or hold by SEC/other entities is considerably less than most of the other plays IMO. I'd say the biggest threat here is FDA taking a chunk out of the revs per a facet of regulations.
Fins were solid in my opinion. This should be trading much higher and will.
my fault, misinterpreted how the t trade was filled. essentially just extra volume to strengthen the hammer-- although not added on the trading day then.
you're right on jor, thanks for the response
that t trade though, a bit of a downer yeah?
technicals say it's going lower
As for Luxuriant, I don't know what's up, but Vortex does exist and they actually make some damn good pipes. I know this from personal experience. A global lock is nothing to mess with though. Perhaps they'll get unlocked and if they do all doubts about legitimacy of Luxuriant will be cast aside. The problem is the risk and reward on this one right now is crazy. Lose it all or hit the sky. So then I guess the real question to anyone is--
How much do you like Russian roulette?
hahahahaha, This.
agreed...
still up in the air about how legit fffc actually is but at these price levels per MMJ, and a float that is much lower than most, i'll take my chances that there is still much room to run here this year regardless
FFFC is going lower now without doubt, but the sheer fact that it was dumped as quickly as that today, and without great bullish volume to mask, could also be a very good thing. Basically a HUGE manipulator cashed out and will go elsewhere-- or begin to accumulate again. Also, note that there wasn't a flood of panic selling. We didn't end at .0003 today
Fundamental facts still stand as well. The MMJ era is just beginning. Florida will be voting on legalization. The index is down again to Fall 2013 lows. The media carnival on 2014 MMJ ballots and initiatives still hasn't gripped the mainstream.
If Mr. Fong is a mere swindle I can't imagine he's happy to only take a tit of a blip on the chart to buy his grandson an ice cream factory-- especially considering the success of other MMJ pennies.
If I'm not mistaken, there is a great deal more to this story but patience is required. We're now about to get some prime buying opportunities-- time your loading right, play your technicals, and whittle yourself a waiting whistle.
glta
By and large I do agree with you Reptos.
First off, I would never disagree with that statement that industries in transition often provide opportunities. I agree with that completely. In fact, my presence on this board confirms that. However, I believe that with any opportunity there is risk. "MMJ Banking" is very risky right now mainly because it is only really half supported.
You have the side of money management, which is supported by and large solely because business with copious amounts of cash money on hand contributes to crimes such as laundering, internal and petty theft, and etc.
On the other hand, marijuana is not federally legal and therefore the risk comes more on the other side of banking with the issue of credit. There is a reason why large financial institutions are yet staying away from MMJ and I believe it comes down more to question of credit than anything else. No financial institution is willing to risk a federal indictment by being associated with a loan given to a federally illegal start-up.("Loans" at present are being provided by angel investor groups... "private, individual investment")
The dominoes of regulation are falling slowly but surely. When they all do, you can be sure that the big banks will jump in and prevail over the industry. Perhaps these current "MMJ Banks" will be bought out, or, best case scenario, one or a few of them will be able to become small legitimate banks. Perhaps the pipe dream would be that those that are successful eventually consolidate and merge into one entity. I hope that happens because that would be of epic proportion but hey-- I'm a realist here.
In the meantime, I agree that FFFC is in good position to capitalize on CURRENT market conditions. In the long term, I highly doubt it will outlast the big banks with market caps of $100 bi+.
All the best!
exactly my point, they don't want to mess with the Fed right now... as it goes: 'Don't bite the hand that feeds you.'
and why would the IRS care? it's revenue for the government is it not? it's different when an entity tries to sidestep the Fed though. they don't take kindly to that.
i currently am positioned in FFFC and i'm not worried, but if this stock were at the pps of several of the quotidian MMJ volume leaders, it would become a small concern... most especially depending on certain developements of FFFC.
i agree, there's money to be made but there is also a fine line to be walked as MMJ legalization unravels.
steps not leaps
hmmm take that one step further though... why do you suppose the large banks aren't financing MMJ start-ups?
Thanks GG, best of luck to you in the market
It'll be OK, the sector is down to where it began its huge run in February and the marijuana media carnaval will approach with state ballots and initiatives just on the cusp of the calendar. MMJ isn't going away.
I also have suspicions that someone is artificially holding FFFC to its steady, bullish path. I could be wrong but the longer this stock gradually rises, the better the parabola will be. Given the case, I don't really want to see this one take off hard for a month but I'm not going to complain if it happens either haha
GLTY brother
The MMJs are not getting suspended over marijuana. Sure, if one is selling recreational the SEC will shut them down, but that aside, an MMJ stock only draws spotlight to itself per the SEC. PHOT was suspended over suspicion of insider trading by management. This can happen with ANY stock-- yes, FFFC included. One has to hope that the management of one's owned stock is more than competent to avoid such grave behavior and actions. It was sheer foolishness on the part of Robert Hunt and, by part of the investors, it's unfortunate.
The main concern that most should have with FFFC is that they don't challenge what a financial institution comprises-- in other words, that FFFC doesn't replicate a bank. The Fed figuratively owns this country and that would spell disaster and suspension without doubt. Henry Fong is a proficient CPA with years of director experience and no sneaky blemishes on his record. In short, know who is on the top of your stocks, beyond that, other than the management of your own portfolio, actions are largely beyond your control.
That being said, people are here for 3 reasons:
1) You know what the hell you are doing and see the amazing technicals.
2) You believe in the company's short, intermediate, or long term prospects.
OR
3) You really have no clue and are just damn lucky.
Although, I will say FFFC is just yet a baby in the game-- a blip on the radar at this point. It's going to run and it's going to run hard. Don't be scared out of your position by bashers or media.
Always stick strong to your technicals and stronger to your principles friends!
PHOT was big enough to be "made an example." Of course the SEC has their eyes on the MMJ sector, but it's still gonna roll on. Today was just the discipline of a big IMO... FFFC isn't off the radar but there are handful of others with much more heat than FFFC.
Calm down folks.
WOW. FFFC is the best looking chart I've seen since the ATTBF run. It's not even really a question of if but a question of when... simply Godsend.
The next move up in AEGY will more than validate ANYONE who has bought in at ANY point. It's just a matter of knowing when to hold and when to fold for the next round/stock... greed in moderation.
The MMJ index has been hammered for 45 days now. You have to play the index as if it itself is a penny stock... (well, because it is an index comprised of pennies. Surprise!) As of recent, there has been squawk about the health of the major indices as well. That doesn't bode well for the majority of stocks and most especially for the MMJ as all of them are speculative plays. Just like surfing, you don't want to jump out at the trough and you don't want to jump in at the crest. Wait for some momentum people. Continue to double down on weakness as you see it meanwhile.
Secondly, the macro sector will heat up again as November arrives. It is all largely based on media. The media has all but dropped MMJ as of late. Mark certain dates-- i.e. in early July, Washington plans to open retail dispensaries. Make a timeline and buy on the build up to this media carnival people.
Lastly, no-- AEGY and SKTO has not put out the best of news. They haven't released details and that is a shame (I guess...) but it's part of the game. In reality, lack of news by an individual company doesn't scare me too much. I would be more worried about this stock if they were releasing a bunch of news all the time... at this stage that wreaks of 'We are not really stable but look at all our glitter!' I for one don't play the news unless I see a solid runner. The technicals are much more sound in respect to making better and more consistent moolah. The RSI is low, low, lowering on this one. The buy-sell may be starting to balance here in the 004s. The best run-ups are not a bounce from news but a healthy parabolic curve of increased demand. Look at ATTBF, Jan.-March. Couple that with good news and then you have something.
In review, macro economy + national media + micro technicals/tendencies/news = $
Look at the macro and look at the micro. Follow the money. Do your own dd. Be smart.
I'm hoping they go into 3D sheep printing myself... I hear there is a lot of money in that market.
Nevermind... I guess they "signed" definitively
So what happened with the merger then? Nothing eh? Ridiculous.
Well friends, another day in Miserylandia... where the train operator waves as the man smoking a pipe on a horse passes him, where the fields are all used to burn old car tires, and where all your neighbors have bulging pockets.
AEGY$$$$$$$$$$
just searched that up and, well, that does indeed change the game! thanks for the passing that information greg
wrong. "cali" has one initiative left on the table which hasn't collected close to the numbers of signatures needed to give it ballot status. there's a significant lack of funding for the initiative and there are still many pro-cannabis voters that don't support its parameters.
a funding miracle will yet be needed if legalization is to pass in california this year.
in my opinion, there's no reason to stay in this stock if management doesn't deliver by the deadlines they set... in all sincerity, friday is paramount-- and deadline extension won't cut it. the stock doesn't look healthy at all right now.
if you are down don't be a fool and keep hoping for some magical pr. set an exit point and watch the technicals to buy in on good momentum. there are loads of better plays out there that will make you money. good luck all
...but isn't it all just a little too good to be true?
simple.
that would just be too easy...
just relax brother. take a walk around the block, listen to a waterfall, shine your shoes...
all in a day's-- don't tread the line if you don't like the ink. name of the game.
yupp i'm read up, i just don't want to see a new company with a bs name and bs ticker is what i'm hinting at... sleep tight my friend
then i guess your last post had no real motive...
as for hipple, in a few weeks he won't be consultant to AEGY anyhow. it'll be a merged company... c'mon man, get with the program!
hip-hip hipple hooray!!!
post merge, the company needs to get an actual "MJ ticker" and with it an MJ relevant name.... those small two tasks alone would bring in new investors/more attention.
see: pending merger (with SKTO, company whose pps is currently above that threshold)
at this point i'm not batting a lash
no worries... yeah, i mean, there is still going to be a market for those stocks. they are definitely cleaning house a bit but i guess ultimately you have to make a decision as to whether or not you want to just look at .01 and above now, pink and grey, or a combination. i suppose you could just exit your positions if you are worried and have locked some profit but i really don't think this new rule is going to have a huge effect on the market for lesser stocks... just my two cents, or should i say just my two tenth-cents hehe
i wouldn't sweat your other stocks man, they may move down a tier but they aren't going to vanish. there are going to be tons of stocks moving down a tier by may 1 with this new rule. the world is not going to end and traders aren't going to just dump all their positions because of the new rule/moving down a tier because of it. plus, if you are just trading them you should be able to get out before may 1st anyhow with profit, unless you really have to cover a bit...
they'll still be around... it'll just be of different scale-- above a penny in this case for qb. but as you said, pinks and greys won't have this requirement so subpenny trading will just have one less place... for now. i don't think they'll likely regulate pinks and greys for over a penny though... and if so it is a good ways down the road yet.