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Weekly chart may show weakness to the 20 week mark. Though this week will be the confirming candle. I am expecting a little sideways trading as well as a dip until we see the 20 ma touched. Maybe 2 or 3 weeks? Will watch the action this week but sitting on the sidelines until I see some positive moves.
Bought back 2k. Hope the support holds.
edit:4200 at $7.92
We fell through the 20dma overnight and into open all the way to the 50 day ema of $7.02 - disasterous... well, not really because after it touched down, it shot up like a rocket to $8.33. That is over a buck 30 up before 10am central time.
I ended up selling at $8.18 average. Definitely not the high, but a nice move anyway. Reason for selling was just the size of the move and a pretty big weakness in the 30 min chart. Got above the 50 ma - good, but also above the BB. Next candle was below the 50 as well as the bb. Waterfall likely. Could see it test support of $8.08. If it falls through, the next support is the fib support of $7.56. Don't really want to see it go that low. The 20 ma on the 30 min chart may also come into play as it is rising with every candle. This stock likes to use the 20ma as a support. Right now the 20ma is at $7.47 and moving up every candle.
Yea. maybe $8.70. It will likely close around 9.70. And then a healthy pullback very soon. Not a bad thing. Needs some consolidation before the next move up.
BTW, I hope to see a close at $7.71ish - the 20dma. That would set us up nicely for a move up tomorrow.
It is 10:45am central time and I am expecting a bounce to the $7:20-7:50 range over the next 2 hours now that it touched the 50dma.
I am about to make a silly excuse for my blunder. I have been trying to set up an event and haven't had the time to fully watch the charts. I have been glancing at the charts on my phone this last week, but I didn't look at the daily chart.
I am back in at $8.69 average. I might be a little early.
Asked and answered so many times. Dilution is never good. The hitting the OS has already been priced in when the the convertibles were reported in the q's and k's. It is so cute that you are now concerned about the shares sold recently, but didn't know that the shares were going to get converted in the first place. Now is just the wait for the shares to finish hitting the market. Hard to get going until the shares are fully converted and the debt goes away.
BTW, I am no shill. I don't care if anyone buys this stock. I could care less what anyone thinks of the company. I made money big time here and at FORW. I left 500k shares in when I took my money out a while ago. Since then I have day traded it regularly until it hit .0006. Then I could buy, but they wouldn't let it go up to sell any. I have been buying here and there - well, I am possibly the largest non-insider shareholder. If the company goes under, I will be ok. If the company goes to .02, I will... well... make quite a bit more than I did the first time.
Have you looked that the other 2 stocks I have posted on lately? They both have been running better than any stock anyone on this board owns. On one, I give a regular look at how I trade. You might learn something there. HMBL is currently not a tradable stock. This is more of a lottery ticket with slightly better odds.
What? Did I touch a nerve when I thought you were a female? Sorry man. You just post like my old girlfriend. Always thinking you are right but never showing any signs of a clue.
I am back in at $8.69 average. I might be a little early. Still riding a little high on the day chart, but it will do that with a short squeeze. The consolidation brought us back into the bb's for now.
Sold at $9. Looking for $8.80 - hopefully before close today.
I have no idea what you said in either post. I strongly suggest you stay in school and start taking it seriously. Do your homework and if you cannot form a complete sentence, ask your teacher for help.
Don't be a clown. Dilution is generally bad because you give up partial ownership. Dilution in a startup is a given. Failure to recognize that makes you ignorant. If you buy into a company early you either get a diluted share or the company is riddled with debt. when they actually start making money Here, we had both for a while.
Now - likely due to a potential government contract, they needed to eliminate their debt. We are paying for the debt now in a big way. I am not concerned. If the company is able to start showing a profit, they will do a stock buyback or a RS - or likely both in that same order. That would get the share structure under control.
Here is the thing Missy... the quarterly and annual reports fully discuss the future dilution always about to be had. For you beginners, and asses like surf and tenkay - who know better, nobody should be surprised that billions of shares were dumped into the market. The monthly "OMG" report was total bs because tenkay likely knows how to read a 10k. No need to act surprised. He was doing it for show.
Still, nobody is willing to explain why we are not yet at .0001 bid - or even no bid. With that kind of dilution we should be at no bid by now. The stock started at .0004 and is currently up 50% from yesterday at .0003 after a 4:1 rs and 13 plus bill shares dumped on the market. Who is buying? Hint, it isnt market makers trying to lose millions to create a market.
Just to clarify, last week we didn't move up 7.62%, That move was just Friday. Last week we moved up a buck from $7.73 to $8.76. That is a really good week, but check out the charts. Never ever say that stocks can't continue to move up week after week without a major fall. The only red candle in 13 weeks was small and the next week completely recovered.
Not sure what makes me a shill, but my first purchase of that particular stock was May 8th. I bought at an average of $5.38. There was no ihub board for this particular stock, so in June, I decided to make one. Hate doing that because after the stock looks spent, I really won't care about managing a stock board. Well after experimenting with that stock for a month, I became a mod.
I am the only one who heard of this stock it seems as I don't have bashers there. I am not pushing the stock, but merely letting you know that I have other interests in stock besides HMBL and I am doing very well in others. HMBL will possibly make me an absurd amount of money - or it will fall flat. It isn't your decision on how I spend my money on here, but I know the risks and the potential rewards. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174749194
Read every post and see if I know what I am doing. I have yet to be wrong in my posts. You won't be able to dispute how accurate I have been.
Note that I said on Thursday that we will have a healthy rise on Friday and we moved up over 7%. Just about every post has told how I planned on playing the next day or week and I have been right... eerily right. I have also posted on another board - that stock has the daily bashers - those who bought at $24 and are now crying that the stock is at $8.32. Yet check when I got in and the price of the stock then. I actually got in a bit earlier and daytrade that one almost daily. Most stocks I don't bother to post on message boards unless I decide I want to make it a longer term stock. I respect many who have been around a while even if they are very negative. I post not to brag, but to figure out my next play. You and a few others just want to feel good about other people's misery. Who does that? I feel bad for you, because life must be really bleak. But anyway, that stock is another gift with an amazing future. Be careful on that one tho, because the CEO and CFO just sold (a small amount of) shares. Still, rumors of a buyout to come and the stock trades like someone is accumulating and shorting regularly. I currently am almost completely out of that stock right now, but will buy at the drop of a hat - or when it falls below the bb.
Back to HMBL, I personally believe that Foote is seriously considering selling the company to a big player IF they don't get a deal with a bigger city very soon. They know the burn rate is still too much to sustain - though I expect it to be under $80k/month by October. If they think they can pull it off by the end of they year (meaning, finding some real income), they will likely go big and hang on. The big money would be if they can do it on their own, but if they need to double their OS by year end with only hope, I expect to hear of an offer by a very big player. Now the clowns that I have blocked will tell me that I am full of it, but go back and listen to Foote's chats. He has always discussed the possibility of "mergers and acquisitions" and the last chat he flat out said that if they can't make it work, he is very open to selling the company to get the shareholder in a much better place. Waiting on Santa Cruz and potentially a hand full of other cities.
Well, we ended up the week with a healthy rise. Another 7.62% up at the close to finish at $8.76.
Friday we will likely see the price dip early followed by a healthy rise to end the week up fairly substantially
says the girl who hangs out on a message board for a stock she won't own only to criticize other people for their buying decisions.
Well thanks for stopping by then. Check out the other stock I moderate. It made more than your tsla did. I am the only poster so it is easy to follow the timeline on my buys. BTW, it is still moving up.
Wait a minute... are you saying a publicly traded company had $20k worth of shares sold? HOLY COW. Then end is near.
Dilution bomb...lol.
Starting in July, there will be roughly $120k per month converted to pay for operations. This is what you should worry about if anything. At .0002 that is 600mil shares a month. Should they bring it to .0001, the number of shares increases to over 1.2 billion. The fact that some shares got diluted means nothing. The fact that we will see another few billion by the end of the year would be more concerting.
On the other hand, if the company is able to get a city or state to use their wallet, the stock will be exponentially more that what it is now. Can they do that? No idea. But I am taking the gamble.
52 week high was $7.80. Last Friday, we got a new 52 week high before a little consolidation. Yesterday we touched the new 52 week high again with an incredible day. Today's continued uptrend hinted that we would close above the 52 week again. That triggered some great short covering.
BTW, look for more short covering to have occurred soon. Today alone was 3 to 1 buys. Soon enough, this will likely be just another stock. Until then, I am looking for mid $8s minimum.
I bought some today at .0003. Have had bids at .0002 but haven't gotten any at that price. Did get some at .00025 the other day. Can't wait til the ask hits .0001 so I can finish buying.
Sure you are. People can think on their own. Nobody needs you to think for them.
I believe this was also a tax loss deferred. It counts as an asset because if they show a profit the loss will offset the taxes owed.
The press release said that they estimate that there is a good chance they won’t have a profit next year, so by accounting standards they can expense the value of the deferred loss.
By expensing it now, the company can blame the bulk of the loss on accounting tricks. Further, if the company shows a profit this next year, they can still use the deferred loss to cover the taxes. In addition, they would undo the expense - which effectively lowers the total expenses. A double benefit. Finally, the financials always compare q to q and year to year. The latest k is now a low bar by over $100k in losses. They can easily show improvement.
I listened to most of the cc while driving across country. Every time I took a call, it booted me from the cc.
My take was that the 4th q was great in revenue but the margins were less than stellar. Haven’t had time to read yet, but I’d guess the increase in expenses ( not including the tax loss issue) was mostly due to getting their new facility online - not sure if that is the case. If so, their margins should start moving toward the 20% range with potentially higher revenues maintained.
I don’t fully understand the concept of backlog especially considering a new facility that has untapped potential. I did hear them say that revenue from q to q can swing big. I am learning the reasoning from posts here. That said, I think they are setting themselves up for a good 2025 - ie beating a)120 mil loss from 2024, potentially showing any profit and getting to offset the previous lossses, adjusting the loss expense as a double benefit… and then hope to be at about full capacity for 2026.
Hope some more seasoned posters who know this industry will offer opinions.
I believe what happened was that they considered the tax loss an asset to be used in future quarters to offset any gain. If they didn’t expense it as likely unusable, they still would have shown a loss from the year - roughly $10 mil loss compared to a $300k gain for 2023. Instead of taking the hit in 2025 for any loss not used, they took the hit during an already bad year.
Now, if they are able to use any of the loss to offset a gain in 2025, it will lower taxes as well as lower expenses by an equal amount as a contra expense - readjusting the adjustment. This could make 2025 look especially good if they are able to show any profit.
Whatever makes your day.
Well, he is an ass.
Could be another reason for the need to get rid of debt. Makes being acquired much easier.
He mentioned merger more than once….
I enjoyed the CC. Of note Foote mentioned that the AFL was officially done. He said that it was a great test run for the ability to go into a pro stadium or concert venue and run operations. This is what I said way before the crap posters were appalled that the AFL was a joke. My first post on AFL compared them to an overrated high school football team. The goal was only to gain real world experience and get their foot in the door for something real. Hard to sell a pro ball team on operations when they never even ran a high school venue - now they have.
Foote didn't mention any dates on the California wallet thing. He did suggest that it was going well. I expected to see a financial deal in June. Maybe hopium, but I am not in any hurry at all. He explained that his system doesn't require a shopping cart, but rather a direct connection though a wallet. The system would stop fraud, verify product (collectibles, permits, house title...) or service (concert ticket). He maintains that HMBL is competing head to head with very large companies at the fraction of the cost. I believe him.
Foote mentioned that they are still cleaning up the balance sheet - eliminating debt. He also said he is doing it as a requirement to get on a real stock exchange. I definitely don't like my ownership diluted, but will take that over uncontrolled debt. Also, I am 90% sure that California would require the balance sheet to be stable before making any deal. I know the federal gov requires it for contractors. I personally believe this is the main reason and could dictate the timetable for going forward in CA and other areas of the country.
As for stock price, Foote admitted that the stock price sucks and that he feels bad about it. I feel bad about it too. He did say that there will be another round of selling stocks - I expected that (don't tell tenkay - let him find out when he searches the OS report), but won't happen for a few months because of the need to audit 2 years again (due to new auditor). He said that there are over 125k(?) shareholders listed but might be as many as 200k shareholders and that he is working toward shareholder value - potentially through M&A. He discussed how he sold the ETX division to a company that HMBL now owns 10% of and it is now a revenue stream. He also mentioned that if it comes down to it, he would consider becoming a part of a much bigger company to get shareholder value - he could sell hmbl to another company if they don't think they could get shareholder value on their own. I am ok with that idea too - I'd settle for .30/share in a stock swap or cash deal. I am not picky.
As I guessed, we had a couple weak days followed by some much better days. Today has been incredible. Right now we are seeing $7.83 but the 30 minute chart is showing us well above the BB. I closed my position slowly while I wait for the price to get back into the BB and then touch the 8ma on the 30 minute chart. Maybe around $7.60?
Glad I found this stock. BTW, look for more short covering to have occurred soon. Today alone was 3 to 1 buys. Soon enough, this will likely be just another stock. Until then, I am looking for mid $8s minimum.
I sold everything when I realized they did the call right before a holiday. Today I watched the stock dip below what I thought would be the price of a no real news CC, so I bought back (3900 shares) at $6.97. Crap. I shoulda waited until 2pm eastern.
Oh well, planned on being in for a longer term. Maybe we see a bump in stock price the last half hour today.
Oh crap. That doesn't sound encouraging.
Still 27 days to cover. I am expecting a decent covering from the last 2 weeks. Maybe 350k shares covered? WAG only. That would put us at about 11-12% of float (float is 10.9mil). At increased daily volume, that could bring the days to cover to around 18 days. That would relieve some of the short squeeze, but there is still a lot of upside here.
Two things at play right now.
1. Potential increased short - as the stock was very overbought recently - over the last few months even... shorters have a potential opportunity to bring the price down below the 8 day MA. That would relieve a lot of pressure. I am assuming the price will go down for a few days and hopefully bounce off the 8 dma, but if they can push it lower, the next support is around $6.43.
2. Continued short squeeze - We are sitting at well above $7.20. We broke through the last resistance before the 52 week high of $7.80. The bulls will likely fight for continued squeeze - though they may allow a bit of consolidation this week to strengthen the chart.
My opinion is that we will see $6.70-6.80 over the next week. Then the bulls will take over and ride this up to see a new 52 week high. At that point, the shorts will be encouraged to cover faster.
My last post - 10 days ago - the price was $6.65. Hung out in South Carolina without a computer - was great!
Today's price rose to a high of $7.62 before closing at $7.47. Been a great run so far.
Now... The weekly and monthly chart look strong still, but the daily chart shows a bit of weakness. Might be a good time to consider being out for a few days. An indecisive red candle (still well above yesterday's close) closed completely outside of the the bollinger bands. Look for a retreat to the 8 day moving average. Then I personally will move back in. Exciting times ahead.
Thanks. I believe it will work out. Might take a bit of time, but I can wait.
Thanks for worrying about me. Don't.
.0005 close. Up 11% today. Pretty cool.
Friday was another volatile day with a finish up .19 or 2.86%. Watching the bollingers on this stock can pay off much more than holding - at least for a while. Shorts covered 200k shares with the last short report. That brings us to 27 days to cover. Still a lot of play and a potential nice payday for another month or two. Sitting at the top of the BB's from 1 minute to 15. The 30min chart has some room to move up. Weekly and monthly are at the top as well.
Weekly chart closed it's latest candle in the green again - that is 8 of the last 9 green with last week having consolidation - as I expected - see a couple posts ago.
Hot to play this? Will likely go above the bb's early tomorrow. Then a little consolidation. The 30 min chart is still strong, so look for a move back up - even by 10am. I expect a good day Monday, but by the end of the week things will likely tighten up - still green candle, but likely won't close the week as high as early during the week. One of these days we will likely see $7.85ish. I expect it to happen after closing the 30 min (completed candle) above $7.20. If the volume drops on the way up, take some off the table. If volume increases, no need to sell even if well above the bb. If it happens according to plan, I will take some off the table at around $7.85 - volume and bb will be my strongest indicators. Should there still be considerable short, I will wait for the dip and then get back in with 2 feet.
I bought this one a couple years ago... I think we won't see anything for another year, but then things will start to heat up. Look to February of 2025 as a breakout time.