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Pure Speculation - Insider Buying Before Launch
I wonder if this bounce is precipitated by some inside knowledge / buying.
Just like with Apple, a company that spends millions on security to protect secretive products and uses elaborate double blind situations to uncover leaks, perhaps folks close the the vending machine operations know something. After trading 65m shares around .04-.041, ERBB suddenly exploded with about 50m shares plowing through the real 52 week hi (not the .21 ff trade).
With delivery and couriers, Herbal Elements employees, Beyond Mars employees, Vending Design Works employees, Vapor Group employees and so many other parties involved in launch of the Zazzz machine, it is possible that things are happening we are not aware of yet BUT THEY WOULD BE.
Not Really Buying That Analysis
1. I didn't buy ERBB because of Altitude Organics. The stock performance of late has ABSOLUTELY NOTHING to with the relationship to Altitude Organics, ITS ALL ABOUT THE MACHINES. Who cares about a failed partnership with AOM, a dispensary in. Colorado. ERBB has developed a relationship with Herbal Elements and many more to come.
1.5 Tranzbyte does not need to PR about every single internal business or operational activity. Seriously man, do you think Apple issues a PR every time a new device gets FCC approval or MicroSoft issues a PR for every patent they are granted.
2. Your first issue in point 2 answers itself. The other companies you mention, like ERBB took their time to release a quality machine. Hence the delayed release of the Zazzz machine; ERBB is working to out forth the best options from the beginning. It is far more costly to just toss a product out on the market to please investors, a la MicroSoft and then have to constantly update, upgrade and replace.
"Lack of Solid PR Content"
Really? Cause the PRs have all but confirmed the Zazzz machine. Partnerships have been announced with a major, publicly traded group (SPLI) and a well know Colorado edible brand, BeyondMars, both companies who will be providing products for the Zazzz machines. And Herbal a Elements seems thrilled to receive the machine. Undoubtedly, the shop is getting a lot of calls from interested party and that is probably very exciting as a retail business owner to have such anticipatory demand.
3. That is a truly weak argument. You "don't believe a company that has such little resource...can be successful in such a huge endeavor." Yeah and do you know how many people probably thought that about the 4 dirty hippies building computers in their parents garage in Palo Alto. That garage group grew into the most valuable company in the world.
The Week Ahead - A Temperable Mind
Two letters, P and R. With exactly 10 trading days left in the month, traders and investors alike are awaiting official word from ERBB/Tranzbyte regarding the eminent release of the Zazzz machine at Herbal Elements. Thanks to DcGods excellent fact finding (post 129028), the source of the March 21st release date has been revealed and although the day may be significant, Stephen Sherin, Tranzbyte's COO confirmed the company has not officially announced the release date. Hence, we are waiting, some more patiently than others.
Trading this week should be pretty fun but as an investor many ERBB holders are getting antsy, especially those new to the equity; understandably so, as many who are new to the party opened long positions on the expectations Tranzbyte is releasing a vending machine in a few days but have yet to see the long overdue device.
Other investors like myself have made their profits and are coasting freely on paid for shares considering ERBB is up 1200% in just 3.5 months. While that doesn't help ease the minds of the new crowd, it will provide a backbone of support because the old schoolers will not be dumping on 5-10% dips, nor will they be in a hurry to take quick rips to protect profits. In fact, I posted about several dips buys I made when ERBB dropped to the mids .02s and I hope others picked a few up as well.
The shorts in this game really don't mean much. At .0394 there really isn't much profit to be had on the downside unless shorting in massive volumes. Any heavily shorted dip will be met with equally as rapid covering which would just drive the share price back up.
Tranzbyte really needs to use this momentum for a ground breaking PR. Again from DCGods generous posting, it sounds like ERBB is not only about to announce the machine info, but the company is about to fire off a barrage with vape pens by 4/20, a new website, positive OneBode figures, resolution to the Altitude Organic confusion, and who knows.
One suggestion I have for Tranzbyte (and hopefully maybe it's already in the works), they should take the time to hire some pro video/sound/production/marketing people to put together an Electronic Press Kit about the Zazzz machine for distribution to financial networks, institutions and potential clients in the MJ industry and beyond.....that could be accomplished for about $100k. Since film/TV/commercial production is my business, I wish I could offer my services but I'm a little booked up these days.
Either way, as an investor who has been in ERBB a while, I'm trying to meet this week with tempered expectations. There have been many stumbles up to this point so I don't want to get too fired up but it sure is fun seeing all this momentum. I'll be more excited to finally see the machine. Actually, if the release it on the 21st, I'm going to CO and will try to make contact with the folks at HE. I would seriously consider rerouting my return to LA through AZ just to stop by Tranzbyte. If ERBB hits .20, I may even offer some EPK production services free of charge!
Bullish Outlook
Selling 10% at .10
Selling 20 at .20
Bearish Outlook
Selling 50% at .015
Buying 100% at .004
Thanks Vman!
Go ERBB
Second Read - MODS PLEASE STICK DCGOD'S POST 129028
Not only is the information extremely relevant to ERBB, it is what these boards are all about;
Free, open, personal exchanges of information
DcGod, Gracias, Merci, Grazie, Arigato Gozaimasu
That was some of the best DD I have ever read on this board and elsewhere. What you have done is nothing short if what is done in professional institutions. As an ERBB shareholder I cannot thank you enough for not only doing the work to get that information, but posting here free of charge for all to read.
What an absolute gift.
Yeah Soooo Greedy
Yeah he doesn't deserve it after 2 decades of being one of the NBAs most underrated, multi MVP winner who played on crap teams for decades only to sign with the best team in the NBA at a time when the franchise superstar is more interested in playing front office guy than he is playing ball. He only dedicated his life to the game of basketball, playing in the NBA, a feat only a select few out of 7 billion are talented enough to do. In the course of doing so he has broken bones (including a leg at 40 years old!), done permanent damage to his back among other injuries. SO AGAIN, NASH DESERVES EVERY RED CENT OF THE $9.7m
Steve Nash is not only a phenomenal baller, a great person and a very smart man but he deserves every penny due to him. He really deserves a championship but the Lakers suuuuuck right now and it's mostly because Kobe, as an individual player is great but as a franchise leader, Kobe is a joke. Jordan, Magic, Shaq....they all made their team better and would not take a second of rest until they won. Kobe doesn't make his teammates play better or harder and he'll happily leave the sandbox with his toys when things don't go his way.
Go Nash!
Go ERBB.
Slow Moving? 1200% in 3 Months is Slow?
Have some perspective.
My first ERBB buy was 1m shares at .011 back in 2012.
My next buy was an enormous chunk at .0017-.003 just a few months back.
The gains I have seen in ERBB just in the last month are almost as significant as gains I have seen in over 10 years of holding @APL among many other great equities in my portfolio.
This stock in NOT a lotto ticket as others have mentioned. It is an investment.
Measure Twice, Cut Once
A simple carpentry proverb that can be applied anywhere. Rushing to market essentially negates the adage and can lead to more delays, disastrous launches and failure.
Also, let's not be so myopic. THIS IS JUST THE FIRST MACHINE. There will be many more. Pending a successful launch, the Zazzz machine line could become a must have item for dispensaries. So I'm okay with ERBB taking the time to get it done right at the beginning.
Would a PR and machine launch next week be great? Absolutely. Will another week wait cause people to squirm? Yes.
But I am ready to start dip buying. The potential here is too massive. Companies like PH0T are making a fortune selling the future of grow technology. I see no reason ERBB should not have a similar valuation considering the company, not only be selling new grow techniques BUT will be making a fortune selling the future of cannabis distribution.
Great Points DC
Here's what I have to add....
The newly forming marijuana industry is developing on the cutting edge of technological, agricultural and cultural development. This new industry can be built from the ground up as an benchmark for the new century and millennium. Seed to sale can be handled domestically bringing new revenues to new entities, individuals, regions, communities.....and then there is the medicinal aspect that can help ease pain, suppress illness, relieve ailments and maybe even cure terminal illness.
ERBB is well positioned to capitalize on several aspects of this new industry using modern high tech machines and a mix if ancient growing techniques.
Truly an exciting time. I hope even have of our hopes are realized
Herbal Elements IS ABSOLUTELY RETAIL
Pal you got your words mixed up and could not be more incorrect.
Herbal Elements IS a MEDICAL RETAIL cannabis store
The other type is A RECREATIONAL RETAIL cannabis store
You have clearly confused RECREATIONAL with retail because BOTH MEDICAL AND RECREATIONAL DISPENSARIES ARE RETAIL OPERATIONS, ie they sell goods in small quantities to consumers. The opposite of "retail" is "wholesale" but recreational/medical are most certainly retail.
The Amendment 64 terminology regarding vending machine has already been posted and the A64 Task Force has already recommend not interfering with secure vending machine being placed at the store.
Like I Said Covering a Gap
The gap from .0375 to .04 is now officially closed. That's make is ready for liftoff.
Let's hope next week, things start rolling otherwise some other gaps below may get closed.
Waiting on Whales
There's a lot of news about mergers within the industry;
ERBB partnering with SPLI to use each other's brands and hardware to sell their goods, SKTO and AEGY merging.
And then there's the ArcView group, High Times group and a few others groups pledging $100m investments across the sector.
When news hits about JP or GS or ML taking up positions this is going to gets nuts. NUTS! Gonna happen. Is already happening in dark pools. I had a good conversation about this with a friend who I used to work with a Merrill Lynch. He is now a private money manager at another institution in NYC and mentioned his firm has been discussing the substantial client interest in MJ stocks. In 25 years of working in Wall Street he said they have never seen such activity in penny stocks on behalf of high net worth private investors. The firm has basically decided they need to meet their client's needs and are in the developmental stages of coverage.
The people have spoken
with their money not just their tokin'.
Jimmy the Crook Cramer is already getting ready to start picking pockets. And now it sounds like investment firms are getting in on the action. Get these stocks on the Nasdaq. Let's get some derivatives going. Once we dip into those pools, we'll be swimming with whales.
Zazzz Vape Pen...Can't Wait
I just got a Cloud pen. Love it. I was a hold out on the portable vapes but I am a huge fan of the Cliud pen.
I will jump at the opportunity to buy a Zazzz pen and further support ERBB
It's Called a Gap Cover Dan
Judging from your schizophrenic posts, you know very little about how this game is played.
This puny drop is called a "Gap Cover".
Pull up a daily chart an you'll notice that we gapped up over .039 and have pulled back. Today that gap is covered which setting up nicely for a sustainable upward move. You might also notice a lot of the technical indicators pushing the upside/bullish boundaries so a pullback like this is healthy
No More Knuckle Bustin'
Don't know why you got sent to detention by the hub. I enjoyed reading your posts and it's good to see you back.
Let crack some knuckles and start kickin some butt.
ERBB is set to explode. Machine placement, strategic business deals, new revenues coming in.....it was said a few weeks ago that ERBB is not a weed play; ITS A TECH PLAY, A MANUFACTURING PLACE, A SERVICES PLAY, EVEN POSSIBLE AN ADVERTISING PLAY WITH DIGITAL DISPLAYS ON THE ZAZZZ MACHINE.
Let's get this boat loaded with as many pirates hands as are available.
The Main Reason ERBB is Not in Teens
ERBB has repeatedly failed to produce the long overdue MJ dispensing machine. Period.
Before those who do not know my position and sentiment get all up in arms, please check my posting history. I am a stalwart ERBB long.
Bottom line is Tranzbyte has promised this machine for over a year. The company has missed self declared launch dates on several occasions after issuing PRs announcing several time frames. Even today as ERBB announces all the peripheral support and partnerships for the machine and has gone so far as to name it, the Zazzz machine has not been shown in all it's glory.
This type of uncertainty kills equities. Yet ERBB has stood incredibly strong due to the more pleasant cousin of uncertainty, anticipation. Similar to how Apple hype can boost the stock around earning and product release conferences, Tranzbyte has generated excitement by releasing PRs with juicy details regarding partnership with 2 big MJ players whose items are to be featured in the Zazzz machine; Beyond Mars, an MJ edible company with a strong presence in CO and The Vapor Group, an extremely hot, publicly traded (ticker SPLI) company that sells vaporizer hardware.
Share structure is obviously relevant but far less concerning. Other posters have made some apt comparisons to $!RI, as that company has an enormous float since inception, yet despite massive overhead/liabilities/questionable business structure, the company has also jumped from .05 to $3 in a short time.
Of course, ERBBs overblown float has its advantages; the stock is pretty liquid. I sold a decent portion of my holdings just to take profits and pay off the original investment and had no problem moving a large amount of shares in the tight bid/spread. Other MJ stocks are much less liquid and with some, only a few thousand can be sold before you bring down the spread.
As for claims of the shorts driving it down.....puuuuuuhlease people. This is a penny stock. I haven't checked the OTC short interest on ERBB in a while because it is totally irrelevant. The total short value is probably not even $100k. In the few years I have followed pennies the biggest manipulation seems to be to the upside that's why you see huge unsustainable pops on hype that are sold off because of a hollow PR or random nod from an "analyst". The biggest reason shorts hold no weight is the lack of equity derivatives. With big board stocks there are weekly, monthly options, mini options and many more ways to manipulate but more important, to PROFIT off manipulation.
2 Days Ago You Screamed Strong Buy
Yet today is a strong sell? With such vast inconsistentcy is your calls you have certainly overqualified yourself for my ignore list.
Go erbb
Buying Weed - There'll Be an App For That
If apps like Angry Birds are a $500m business, just wait until ERBB develops an app for use with their Zazzz machines. Billions folks, BILLIONS
.48 by Jan 15 is Achievable
Here are some short term catalysts
Zazzz Machine
Duh. Who's knows where we go? Beyond Mars seems to be pretty well connected in CO with products at nearly 2 dozen dispensaries. That's not only a foot in the door for ERBB but it could also lead to handshakes, deals and more placement of machines. The Vapor Group is a phenomenally hot stock with an even hotter product, also to be stocked in the Zazzz machine. Those 2 partnerships are with companies involved in some of the most explosive sectors of the new MJ industry; edibles and vaporizing hardware. Recent estimates put CO MJ sales as much as $6b annually in just a few years. Not only will ERBB likely receive revenue for placing the machines at retail locations, but they will probably even receive a cut of sales from each machine. Even a small percentage of the $6b estimate will go a long way. AND THAT IS ONLY COLORADO! If the machine rise up across the country, even the globe, you can kiss the pennies goodbye and stop buying lotto tickets because that's what this stock will be, a winning ticket. We're talking a $10-25b market cap easy. Hell Facebook is worth nearly $150b on revenues of barely $5b, net income is far less.
Political Changes
Rescheduling is eminent and nearly 15 more states are considering legalization in some sort. The government has opened the door to legalization and there is no closing it now. The DOJ has already acknowledged they will not interfere in Colorado and banking regulations are being fast tracked.
Institutional Investment
ERBB has a pretty significant business model that is far more achievable than some other half baked MJ companies. ERBB provide auxiliary goods and services in the booming sector. An angel investor could descend upon the company with seed money for the company to expand.
Any one of these factors could blast ERBB off to .20 in the near term. If multiple dispensaries are lined up for the machine the hype could bring the .48 mark much sooner than we think
Short Term Bullish Share Price Predictions
The machine is huge. Tranzbyte has not released any cost, licensing, maintenance or fee schedules for the Zazzz Machine so predicting the fundamental share price is tough, especially short term. Regardless, Tranzbyte has PR'ed about two fantastic new relationships with MJ entities, Beyond Mars edibles and Vapor Group (ticker SPLI) who will be providing products for the machine. I would expect some sort of revenue sharing between ERBB and the others. Dates have been swirling around this board about the Zazzz machine placement Herbal Elements. There is little insight there as multiple posters have reported multiple dates through multiple sources. Unfortunately, many of those accounts claimed to have called Herbal Elements and varying dates from March 20, 21 to 24. I don't have much to add except that if it was my show, I'd drop a PR on Thursday, March 20 about the machine being ready for business the next day, Friday, March 20. That way the stock could absorb the news Friday, hopefully gaining some press and publicity for user traffic at Herbal Elements over the weekend.
Should the machine launch play out successfully, the free publicity could be extraordinary and provide a windfall of interest not only from patients, customers, clients but political interest that could pave the way for ERBB to break into new states.
Short term price predictions are tough. ERBB has an estimated 2.4-3.4b shares outstanding. Based on that number and using some comparable entites in the MJ vending market, ERBB could reach $500m market cap which would be .10-.25
That's my high side target and I think we have a lot if people here thinking the same thing.
Technical Alert LATF Golden Cross Setting Up
http://stockcharts.com/h-sc/ui?s=LATF&p=D&yr=0&mn=4&dy=0&id=p24826570368
***Possible GOLDEN CROSS developing on LATF chart***
Golden Cross is the most basic, most common, MOST ACCURATE and MOST BULLISH technical indicator. Essentially the Golden Cross occurs when the 50 day Moving Average crosses above the 200 day Moving Average. The most commonly used MAs are the Simple MA or SMAs. For further detail look up Golden Crosses on Investopedia or Stockcharts.
In the past 2 months many MJ stocks executed the Golden Cross for gains from 200-2000%. Use the link above to check out the other stocks and see what has happened to those who blew up after a Golden Cross.
LATF is towing a line down the middle of the road but I am expecting some serious bullish activity based on the technical setup.
Of course, do some dd. The company is a new player but supposedly has interesting stuff in the works. Regardless of the fundamental info, the technical setup is pretty sweet
Technical Alert LATF Golden Cross
http://stockcharts.com/h-sc/ui?s=LATF&p=D&yr=0&mn=4&dy=0&id=p24826570368
***Possible GOLDEN CROSS developing on LATF chart***
Golden Cross is the most basic, most common! MOST ACCURATE and MOST BULLISH technical indicator. Essentially the Golden Cross occurs when the 50 day Moving Average crosses above the 200 day Moving Average. The most commonly used MAs are the Simple MA or SMAs. For further detail look up Golden Crosses on Investopedia or Stockcharts.
In the past 2 months many MJ stocks executed the Golden Cross for gains from 200-2000%. Use the link above to check out the other stocks and see what has happened to those who blew up after a Golden Cross.
LATF is towing a line down the middle of the road but I am expecting some serious bullish activity based on the technical setup.
Cliff Dive? More Like Stepping of Parking Curb
I've noticed percentage drops really don't matter with penny stocks. This realm is filled with weak hands, flippers and rule #1 here is buy the dips sell the rips so any multi-week high will be met with selling.
As far as I'm concerned shorts don't mean much either. Big board shorts are different because those players not only use equity positions to manipulate, they have access to derivatives for shaving points as well, not to mention multi-$10m positions to protect not the $10k gambles that play the short side of pennies. I've made some serious bank shorting some stocks around 2000 and saved my portfolio in 2009 with one single put option play on @APL but the one time I bothered to short a penny, MJNA actually, even though I made a decent profit, the process of contacting my two brokers to arrange the position hardly made it worth the effort.
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p56996975810
That chart looks pretty solid to me. I see a perfectly executed golden cross followed by the pps increase many of us foresaw, and foretold here on iHub.
Since mid February MJNA has consolidated nicely in the .30-.35 range. MJNA has established themselves as a real business in this rapidly growing sector. The company is building an empire encompassing many divisions within the industry. While I bought my latest chunk several months ago at .16 and originally got in moons ago for just over 2 pennies, I have no plans on adding just yet but will reconsider if I generate short term profits elsewhere.
I don't know if I am more pleased with MJNA pps or how legitimate the company is operating. The profits will come and we'll get a peak at progress being made soon enough when the ER is released but there will undoubtedly be growth and that's what I like to see as an investor. That being said, the company needs a f@*king CEO. That would be a lovely surprise coupled with the ER.
Long MJNA
Pernicious Prophecy That Is Anecdotal
Bake sale photo? Answer me this;
Would you have looked at pictures of a fatass Wozniak and a dirty Steve Jobs working in their garage in 1975 and said that company is going to become the most valuable company/brand on earth?
I'm new here so I don't know your deal yet but here is where I'm at;
I picked up 1.1m shares at .077 yesterday.
My plan is to recoup my investment ASAP and then play from there. If LATF collapses, which at .008 is hardly much movement, I'll probably average down some unless it is obviously fugazi
Parking Profits Here
I was looking for a high risk company that has direct involvement with THC sales and LATF is what I came up with as a dynamic play. Last November, I dumped my 2013 MJN@ profits into a handful of MJ companies. Those profits are now being rolled into LATF. What a spectacular year so far and we're not even .25 of the way through.
Let's get LATF into the pennies and beyond!!!
Coppatop .50 is NOT Too High for ERBB
If you want to compare it to PH0T, that company has just authorized the A/S count to 3b. That is approximately the O/S of ERBB. The other company commands .55pps. Do the math and ERBB could get there in a heartbeat. ERBB has had an incredible run but has been hampered by stumbles getting Zazzz machines to market. With an eminent PR ghost shackles with come bursting off and this sucker is going to run.
ERBB is about to release a state of the art vending machine with products already in place. The possibility of a press storm could be nothing short if a spectacle. Jim Cramer has been sniffing around ERBB. Once the machine is delivered, ERBB will be on an absolute tear. The machine legitimizes ERBBs business and in the same way the aforementioned MJ equity, ERBB is providing auxiliary systems and services to a massive burgeoning industry.
It's Not Pumping, It's Analysis
I'm just restating the facts ERBB released in the PR. I'm not a pumper, I'm a player. I don't use any social media except the occasional anonymous message board. I'm not on FacBook, Twitter or any other socially masterbatory website. I was very active posting an the @APL yahoo board since buying and "pumping" the stock since it was in the teens and occasionally posted short based analysis on KKD back when that company was waaay overvalued in early 2000s. My other winners like QC0M were bought during my time at Merrill back in 1998 but I didn't post because the company frowned upon such activity.
Those are the only other times I have felt compelled to post about stocks. Now it's ERBB, as well as a few others. I feel like we have a real winner here. ERBB is firing its biggest guns at the best possible time for the marijuana sector, when interest and exposure are at a frenzy.
Some may see it as pumping. I see it as long based analysis and I have disclosed my long ERBB position. Never trust information or advice from someone who doesn't have any skin in the game.
Patience, This is a Calculated Release
ERBB has all but announced the release. They have confirmed the manufacturer. They have confirmed the location. They have confirmed the products being featured.
They have also issued multiple PRs about the release that have not paned out. Therefore the next PR regarding the release will likely either be the exact date, the active delivery of or possible even the actual launch. It will be a whopper folks.
I had an interesting discussion with the owner of a vaporizer company in LA and was surprised to learn how hard it was to get a device to market, from prototype to product. I mean we're talking about a plastic tube with a heating element and a few buttons so I have a healthy respect for how difficult it has been for ERBB to get a sophisticated, secure, networked, touchscreen vending machine to market.
3 Major MJ Players Now Partnered with ERBB
Beyond Mars - A well known edible maker in Colorado where medical and recreational sales are both legal. Products to be featured in ERBBs upcoming Zazzz machine.
Vapor Group - A premiere maker of vaporizers. Also products to be featured in the Zazzz machine.
Herbal Elements - A multi-dispensary, multi-state enterprise where the first Zazzz machine is being placed.
ERBB / Tranzbyte has also retain high powered, well connected corporate counsel with Ryan Hurley.
This is the gist of today's PR. These partnerships offer legitimacy to the Zazzz machine and all but validates the eminent release.
Possible Gupta bounce tomorrow. Upcoming Zazzz placement PR. Political parties like the CA Democrats discussing legalization by 2016. Mid term elections in 6 months. Washington state rolling out the recreational legalization initiative in even fewer months.
This sector is a volcano and I'm not talking about the vaporizer, I'm talking Krakatoa!
ERBB is gaining traction and be hitting the .25 mile soon enough. Management is working hard to make this an investment and I'm liking what I see
LATF - My New Play
I have been looking for an equity to reinvest recent profits and came across LATF.
The business model is interesting although questionable on the legal front. However, the company is seemingly making progress in some lucrative parts of the blossoming new legal cannabis markets. I have not contacted LATF yet for a discussion with a rep so I haven't loaded the boat yet but I'm in for just over 1 million shares. Like all MJ equities, LATF has their shares of hurdles to make the run for legitimacy and big money, but I'm in it to win it.
Go LATF!
Weed 2 on CNN at 10p EST Tonight
I don't know how many of you were around last year when CNN aired Dr. Sanjay Gupta's special Weed 1. Basically Gupta completely reversed his stance on cannabis, becoming pro-medical marijuana after years of being against it. The special provided a look at the many medical applications of marijuana including heart wrenching stories of children using CBDs and THC to treat life threatening ailments.
Gupta's special made waves in the publicly traded cannabis sector. ERBB and many other rose 15-50% the next day but due to the still tenuous legality of the industry just one year ago, the bounce was unsustainable.
However it is a completely different year. I caught a promo for Weed 2 on CNN this morning. It opens with Dr. Gupta saying "I think we've really been tricked here..", an obvious reference to the past propaganda against cannabis. One of the reasons Dr. Gupta is so influential is not only his media exposure but he is a very likely candidate for US Surgeon General, especially with Hillary.
I don't have any specifics about the special and I am not expecting ERBB to get a nod, but overall this is just another pinch of gunpowder to sprinkle in the keg. The next step is rescheduling which will likely happen soon once the folks in the government get it together. My guess is that cannabis may drop as far as Schedule 3 after being wrongly classified as Schedule 1 for far too long.
Technical Exhaustion, Profit Taking and Weak Hands
That about sums up today. It's been a great 2 day run. ERBB is pushing the bullish technical boundaries which is nice except with a massive PR coming within the next few days, it may actually be a benefit if ERBB pullback to load the spring. Obviously there will be some profit taking today and weak hands unloading after a nearly 50% gain in 2 days. My only concern here is the .0437 high which is dangerously close to the recent .044 high, indicating a possible double top; a bearish technical pattern. However as mentioned before, with a potential whopping PR coming soon, I don't have too many bearish concerns (keep in mind I also have little concern for the downside because my ERBB position is paid for.
I'll say it again with the deals announced today, ERBB is setting itself up to be a great investment in the MJ sector, more than just a good trade. I see .10 as a possibility near term and even $1 in due time.
Wolf Bites Worse Than His Bark
Or shall I saw howl?
The Wolf crushed it. He did a spot check at ERBBs office, having a detailed discussion with the COO that he posted in a great blog. He released information that was not official until a PR the following week.
Great stuff. Makes that SA blogger "analyst" look even worse than the blogger's own "analysis" already does.
ERBB - Today's Actionable PR About Operational Expansion
Glorious folks, just glorious. This isn't some fluffy fluff about "acknowledging Sanjay Gupta" as another MJ company PR'ed about today. Tranzbyte just dropped a bombshell about a partnership with a hot MJ company, SPL!
Folks I cannot reiterate the significance of this development. This is the inception stages of a brand. While the money is undoubtedly flowing into actual THC based sales, the development of auxiliary goods and services for cannabis cultivation, distribution and consumption is becoming a massive industry.
ERBB is not only a great trade but it is shaping up to be a solid investment over the next few years. They are making in roads into the cannabis business in a way few others are. And we haven't even had the magila of all PRs, The Rise of the Machines.
On a side note,
Tranzbyte hopefully already has or is otherwise in great need of a SALES FORCE to promote the machines. These individuals should have strong backgrounds in direct to customer sales, corporate sales as well as legal regulations regarding their respective sales regions. For anyone who wants a great example of how an effective sales force can propel a company read the book The Force by David Dorsey. The book is a great insight into the driving force behind the massive expansion of Xerox in the 1980s as the author follows the top salespeople and executives in their professional and personal lives.
Confidence Building PR Tomorrow
Well, well. Here's my take.
Another partner! Awesome. And a super hot one at that, SPL!
This brings 3 brands together; Zazzz, BeyondMars, and Vapor Group with Herbal Elements providing support
Yet more legitimacy. Like others have noted, Tranzbyte is doing a masterful job releasing important operational information at a time when interest in the company is at a peak prior to the Zazzz machine release. ERBB is not just tossing a machine out on the unsuspecting market, they are calculating the release with a full bore assault similar to how @APL integrates products.
I had an interesting phone call with an owner of a vaporizer company. We discussed the difficulties of developing a vaporizer, getting from prototype to product. Boy it's really hard to get a vaporizer successfully to market, much less a networked vending machine.
Kudos ERBB! Keep the good stuff coming
A Lot of Stalwart Longs Here
Keep in mind that ERBB is not like some of the other MJ equities that boomed in past years. ERBB has yet to have its run up absent a few pops here and there. CB!S was at .21 in 2012 and then crashed back to .01. Similarly MJN@ had a boom from .02 to .50 in February 2013 buy proceeded to pullback to .09 throughout the rest of the year.
ERBB has yet to experience those booms. There have been a few pops but above .03 is only recently charted waters. Many of us have already taken realized gains and are still sitting on large positions that are up more than 2000% from 3 months ago. Therefore ERBB has some strong handed longs. If a buying frenzy ensues, it's important to remember despite the large outstanding share count, many of those shares are locked up tightly.
As I have been posting, last week I reinvested some of the realized profits back into ERBB at .0242-.0275. These shares will be held until .10 at which point I will reevaluate the trade. Right now it's all about the machines.
Bullish
Selling 10% of my holdings at .10
Selling 20% of my holdings at .20
Bearish
Selling 50% of my holdings at .015 (still a substantial gain with previously realized profits paying for the position and then some)
Buying 100% of halved holdings from .005-.0075
That's about where I'm at.
Colorado Tax Figures Reported Today
This could be a good ramp for getting ERBB up to the launchpad. I think the overall consensus is that there will be some pretty staggering figures reported sometime today. Keep in mind Colorado is 2 hours behind NY and 1 hour ahead of CA.
I'm going to say that Colorado legalization around New Year's Day could not possibly have happened at a better time. What a celebration. As a market analysis, I will venture that like most other industries, recreational MJ sales see a boost in the last quarter if the year but 2014 will be the first of many blowout holiday quarters. When the MJ equity markets settle and earnings are big board credible (Enron, cough, WorldCom, err), my guess is that Q1 and Q3 become the trading sweet spots because Q3 will be harvest and holiday demand speculation and Q1 will be when those predictions are validated.
Regarding the CO RMJ legalization...my guess is sales are additionally inflated by tourists, many who I personally witnessed in Telluride as they stood in line; some who knew about the event but many others who simply just happened to be at the right place at the right time. Maybe if the Zazzz machine was there the tourist recreational buyers could have been expedited. Most of the tourists would have preferred to just buy a prerolled jay or candy.
Hopefully these tax numbers blow people away, giving interested parties a peek at what kind of money is at play here. Now that ERBB is in CO this could be quite interesting. Herbal Elements has an application for recreational MJ and a machine would be perfect to service tourists and residents alike. It would be like walking into a 711 and grabbing a six pack.
The Week Ahead - Rise of the Machines
We all know what is expected but we have no clue what to expect.
According to the dd done by many here the possible launch date is now as late as March 21, next Friday but could happen any time in the next 10 trading days. Let's hope we get some good news in the next 5 trading days. ERBBs support at the .03 level was strong all last week. Technical indicators put ERBB in the middle of the road swerving slightly to the bullish side.
There were some big buys on Thursday and Friday last week, especially at the end of the bell on Friday. I think .10 is doable, giving ERBB at $250m or so market cap based on 2.4b outstanding shares. Using MD8X as a comp (which is better for real estate than equity valuation), ERBB could even reach .20 giving Tranzbyte a $500m market cap like the other company once had. If ERBB announced placement along with multiple locations, well, weeeellll that's better left to your imagination.
On the flip side, this has been a long promised event of brining the Zazzz machine to fruition filled with missed deadlines and awkward backtracking. I'm still a believer that between Tranzbyte, OneBode, Vending Design Works and Herbal Elements, there is NO WAY this is a scam but let's face it ERBB management has pulled some stoner moves getting this to market. If there should be any more roadblocks ERBB should probably hit .015 at .01 is where is start buying again after doing some dip buying last week.
As for buying here is an anecdote from this weekend;
I recently purchased a Cloud vapor pen at my dispensary as they offered a vape/wax combo for the cost of just the pen and I have been somewhat pleased with the device. My first impression was the the device could easily be sold in a VENDING MACHINE along with the oils and waxes. With the actual flowers, it's nice to be able to visually inspect buds, smell the buds and such but with the concentrates, I can pretty much look at the THC percentage/strain type/weight to see what's available. My dispensary has consistent enough quality that I'd be happy to purchase their goods from a vending machine. As for the actual use of the vapor pen, meh...I still prefer the now old school vaping of actual herb because I know what I'm getting. Sometimes with the waxes and oils you get a little snap and other times you get a kick in the lungs. But there's always edibles which have been great. After years of joints, glass, hot knives, gravity bongs....I hardy smoke any more because I usually vape or eat my cannabis. All items ideal for vending machines!
Finally as for those asking about my twitter and Facebook contacts, I regret to say I don't really have any social media exposure. I'm a lone wolf. As Oscar Wilde stated "Give a man a mask and he will tell you the truth." Anonymity begets honest.
Cheers all.
Solid trading to come
Ha! Not in California
Seriously? Do you have any clue how many medically licensed growers in NorCal have arsenals to protect their business? I also have a USP 45 and have been a medical patient for 10 years.
Your friend is wrong