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Beautiful close today folks! The bulls are in full control. Keep up the good work!
Well tomorrow is a new day. Perhaps it will close green. But up one half of one percent won't cut it for me.
The minute this goes into the 6's (even .0069) I'm out of here, that's the line I drew in the sand. I never set stop loss limits with my broker because the MMs can see those and take them all out if they choose to do so. I would rather not give them the heads up.
Quit cussing! DRYS is a 4 letter word you know. Nothing can ever be as bad as George's company. He's the dilution king.
He did 8 reverse splits between 3/11/16 and 7/21/17. So 11,760,000 shares on 3/11/16 if held through all 8 splits became 1 share.
I'm not making this up or joking, those are factual numbers.
RS history:
03/11/16 1 for 25
08/15/16 1 for 4
11/01/16 1 for 15
01/23/17 1 for 8
04/11/17 1 for 4
05/11/17 1 for 7
06/22/17 1 for 5
07/21/17 1 for 7
When George dies, hell will be too good for him.
Well you'll be in good shape Mohammad if ICLD starts to string together a few good days like this. I sold out but it's still nice to see a green day here. A lot of longs in pain and I'd like to see you all sell at a nice profit one day.
I still think Intercloud's market cap is way too low (assuming they're a going concern). Anything at all positive in the quarterly report and this could easily pop over 100% in a single trading session.
Turd? RXMD is not a turd. Far from it.
Just check the financials or share structures of the majority of OTC stocks and 95% of them are what I would consider turds. The majority of them don't even generate revenues, let alone net profits.
RXMD is a gem of a stock. A diamond in the rough. Lots of good things to come for them. And did I mention an excellent and exceptionally talented and brilliant CEO in Ms. Mars at the helm?
Let's keep this run going tomorrow bulls! I will do what I can to help.
Terra Tech having a well deserved up day for a change!
The bulls in control today. Keep it going!
Beautiful open letter to the shareholders this morning! This CEO really has her act together! I feel a lot more confident in this company after reading it and will be adding more shares as soon as I free up the funds.
I just picked up shares yesterday after the sell-off. My timing was right for once lol. Now I wish I would have bet the farm on RXMD instead of the measly position I took. Oh well...
Go RXMD!!
And congrats to all the longs!
It looks like ICLD having a decent day today!
Regarding my loss here, yeah it's the new zero turn radius mower I had my eyes on lol. I have 3 acres and it takes my 60" deck Deere typically 5-6 hours to cut. With a zero turn I can get that down to 2.5 hours.
Damn! Every day and it seems a new 52 week low for VDRM. There's absolutely zero interest in this stock.
Hopefully the good doctor keeps his word (this time) and they start generating at least $250K per quarter beginning 2nd quarter... and it's not just more BS fluff like in his PR's last year about Japan sales, etc.. to keep shareholders strung along and hung out to dry.
I still don't plan to sell my shares, but I'm finished averaging down. VDRM milked me dry.
For the love of God let's have at least 2 up days in a row!!! Have to have an up day first before that can ever happen. So far this year this stock only closed up 2 consecutive days just 5 times, and once this year there was a 3 day run, and that's it. But VDRM has no problem stringing together 4 down days in a row.
Thanks for letting me vent and rant like this. I just had to get it out of my system. I should be good now for at least another month.
Good luck to all the longs here, we're going to need it I think.
Thanks man. Yeah, I took a large percentage loss in ICLD, but the dollar amount of the loss was only $5,900.00 so it's not the end of the world. I'll make it back elsewhere for now.
No one likes to lose money, but it comes with the territory ;)
It will be interesting to see their quarterly filing when it's released. Perhaps there will be clues in it as to what Munro's been up to.
Good luck to you brother.
Well Mohammad, I'm doing everyone a favor. I sold all my shares today at around .081. My cost basis was 0.2173 so I took a pretty big hit.
But the way it works, my timing is always terrible so this should now skyrocket 300-500% over the next few days. I really hope it does for your sake because you have a lot of skin in the game.
I put the proceeds into 3 other stocks for hopefully a quick profitable flip. Either that or another long drawn out ride the price down 80% if those 3 stocks never move up.
Best of luck to the rest of the longs remaining here. If I like what I see after they report I will probably get back in. I still think ICLD has a lot of potential with Netlayer, but as they said it will take some time for revenues from that to develop. And unless they can start to pay the bills with cash flows, they will need to continue to dilute and that's what worries me. There seems to be no end to it.
What the heck. Just opened a small $600 position to test the waters, slapped the ask @ $0.08. Now watch this go down another 35% tomorrow. That's my kind of luck lol! But if it does I will add to my position so it's all good!
Thanks for the reply by the way, and good luck to you.
I'm seriously thinking about buying some RXMD, had this on my radar for some time now and got a price alert today. What's the reason for today's sell-off? Do the longs here think this a good entry point?
Here's another good one...
https://www.diamondcbd.com/blogs/cbd/smh-no-officer-cbd-is-not-illegal-sorry
Don't fall for the BS. Here, read this to put your mind at ease.
https://www.diamondcbd.com/blogs/cbd/new-independent-lab-report-shows-diamond-cbd-products-contain-no-synthetics
Yes, I agree. You need to do more research. Black Diamond CBD oil is not a product of Diamond CBD. Show me some of the other links to Diamond CBD products causing seizures. Too funny!!
Great advice. Thanks man.
Don't bother it will just depress you more than the current share price. Save an hour of your life and just wait to read their next quarterly report ;)
And they don't appear to be progressing too well. The good doctor was overly optimistic last year in his projections going forward and missed the mark BIG time.
It's just ViaDerma being ViaDerma. Same ol same ol.
A real disappointment in my portfolio lately. But I'm done trying to catch a falling knife as good as .008-.009/sh looks.
I'll wait to see if the share price ever finds real support before I add any more shares.
At this rate I should be able to pick up more shares later this year at around .0009. I'll wait for that.
In the meantime I'm not selling a single share at a loss. I refuse to because I know where this can be in a few years. Just have to remain patient. But a green day once in a while would help with my conviction.
Nope it's still $3K. I've been carrying capital losses forward for over 10 years now, and the loss deduction was $3,000 back on my 2008 return just as it was on the 2017 return that I just filed.
It's a huge ripoff though by the federal government because it's a one-way street. Why doesn't the IRS let you spread out your gains the same way by only taxing you on the first $3K of gains, and let you carry the remaining gains forward to the next year to be taxed? But no, if you net a 200K capital gain for the year you're taxed on the full 200K amount.
Thanks, you should do very well then if you consider POTN a long term investment like I do.
That doesn't mean you can't "realize" some gains along the way should the price spike up big from time to time.
I plan to maintain a core position of POTN for the long haul but yet realize some gains by pulling money out along the way on any decent pops. In a perfect world I would like to eventually get all my invested capital out, and have my core position replaced with essentially free shares.
It doesn't always happen that way, but that's what I shoot for.
Thanks bdod. I believe that POTN is indeed a rare pearl in the ocean of penny stocks out there. How many other OTC or stinky pinky companies have revenues of $2M+/mo or offer products or services that you can actually purchase to try for yourself?
But even the best of the best can fail for a number of unforeseen circumstances. So because of that I would highly recommend diversifying some.
If all of your eggs are in one basket the odds of losing it all is much greater than if you owned stock of at least 10 different companies representing perhaps multiple industries.
But you have to start somewhere, so it's not practical to immediately diversify into 10 different stocks if for example all you have to invest is a thousand bucks, because broker commissions alone will eat you alive. For example, if you buy $100 worth of 10 different companies and your broker charges you $6.95 per trade, you will pay $69.50 in commissions to buy $1000 worth of stock. That represents a front end load of 6.95%. So just to break even you would need a return of over 6.95%, because you have to pay commissions again when you sell. The whole idea of investing is to make yourself rich, not your broker lol.
Personally, when I make a trade, I want it to be large enough where the $6.95 broker commission that I have to pay represents no more than 1% of the lot that I'm purchasing. So I want to buy in lots of at least $695 each.
Another way to invest with limited funds and yet remain diversified, would be to purchase a low cost mutual fund. Some mutual fund companies require a high initial investment of several thousand dollars, but will let you get in for as little as $100 if you agree to have them ACH debit your checking account $100/mo to purchase more shares with. There's a mutual fund for just about any type of investor.
Mutual funds get a bad rap though because most are actively managed so the management fees can be quite high, and after fees are taken into consideration the funds seldom beat the returns of the overall market. But there are good mutual funds too with low fees and market beating returns. You just need to do your research before you buy.
Regardless of how you choose to invest, best of luck to you!
I can see them going that route if that were the case. The sky would be the limit then.
Well there are 8 bits to a byte, so 1 bit would be about 1/8 of a month, or approx 4 days.
In the early years, I was only in it to become an overnight millionair (or so I thought), and bought into a lot of hype, but none of it panned out. I did zero DD and would buy stock not even knowing what sector the companies were in or what the companies sold or did for revenues. My rationale was if the company had a ticker symbol they were fair game. And the majority of the companies that I bought ended up being shells or scam operations that never made a dime selling products or services.
Now, I allocate only 10% of my stock portfolio to OTC stocks. Agreed that's a higher percentage than any investment advisor in their right mind would recommend but I have a very high tolerance for risk. And I'm much more selective now before purchasing a stock. I actually do the due diligence, and lots of it.
I'm sold on POTN because of their potential. Clearly, they're not just a shell operation or in it to scam investors (in my opinion anyway). And they're in the right place at the right time. In my opinion the MJ/MMJ sector will be experiencing HUGE growth over the next decade. And POTN has a very nice infrastructure and product pipeline already in place to be able to capitalize on that growth.
And I have 100% proof that they make at least some money, audit or no audit, because I have already purchased from them on a few occasions (verified sales). And I like the products that I have purchased so much so, that I recommend Diamond CBD to all my family, friends, and acquaintances now and I plan to make more purchases with them in the future.
I spent $200 with Diamond just last month alone, and in the not too distant future I expect they will have over a million customers because every day more and more people are hearing about the health benefits of CBDs for the first time. It's being mentioned more in mainstream media now thanks to more states deciding to legalize MMJ and MJ. And it's just a matter of time before its legal at the federal level too. Once that happens the floodgates will really open up! So this sector is still on the ground floor with no where to go but up.
So I look at this scenario; Diamond with a million loyal customers who each purchase $50 worth of product per month. That's $50M/mo in revenues or $600M/year. Fast forward a few years and that's very doable and in my opinion very conservative numbers.
Did I mention that POTN has excellent customer service, a very professional website, excellent products in nice packaging, and Tommy Chong touting their products? Oh, and CBD's for the huge pet market too! Nothing but good things on the horizon for POTN, and more to come! The only thing out of whack right now is the share price, but that will take care of itself as POTN continues to execute on all cylinders.
All my opinions of course.
Agreed!
You made a nice recovery then. Congratulations!
I had to learn the hard way too. Lost over $95K in my early years and I will probably be using loss carry forwards on my tax return for quite some time. It sucks that the IRS will only let you carry forward $3K of losses a year.
It's hilarious, but you're right!
Audit schmaudit. I'm tired of hearing about it. It will be released when it will be released. Sheeze Louise people, get a grip.
In the meantime product is flying off their selves, and sales are experiencing exponential growth. Don't lose sight of the big picture here. Many can't see the forest because too many trees are in the way.
And if you're in this as an investment, longer term (3-5 years IMHO) this will be trading in the dollars range, so don't let the daily volatility get you down.
As an investor I am currently accumulating POTN on the dips, but I'm out of free cash until the end of this month.
My plan is to buy the same dollar amount once a month for the next 12 months. Some months I will get more shares for the money, other months less. But fast forward 5 years from today and ultimately anything I purchased under a buck will have been a very wise purchase.
This is my opinion only and my style of investing. Everyone should always do their own DD and only gamble with what you can afford to lose should sh!t hit the fan. And only YOU are responsible for making or losing money in the stock market. When you point a finger at someone else for your woes, remember that 3 fingers are also pointing back at you.
LOL! I think you're on to something ;)
Yep, like a hawk!
And a 16% premium between bid and ask doesn't help matters any. If I really want to add shares, I will typically slap the ask if the premium is 1 or 2 percent, but no way Jose 16%.
That needs to tighten up.
True. Historically any pop in share price was very short lived. Would rarely hold for the trading day let alone 2 up days in a row. It's because on any pop there appeared to be significant dilution. So traders and investors are leery of that always being the case, thinking they can get a lower price if waiting a couple of days.
The dilution needs to slow down for this to really make its move. The potential is there, no doubt in my mind.
No one wants to pay the 11.5% premium between the bid and ask price. If that tightens up, the price could move up too.
Yeah 7 cents is depressing looking. But it traded down to that on a trade of under a hundred bucks. Doesn't mean anything.
In fact, dollar volume traded during this post split downdraft has been relatively low. Just the weak hands finally giving up and dropping like flies.
I wish I could buy some at 7 cents. Look, when someone sells, it means someone is buying. And if not a trader or investor buying, then a market maker accumulating shares for when they reverse the stock price. The MMs control price in most cases, not the traders.
That's why a stock can go down 10% on a tiny trade, and on a huge buy not budge up. I see it happen frequently. And those trades that execute below bid, explain that one. Weird games they play.
Yeah, that might be a tad far ;)