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Up, down, sideways...no matter, if you're in MJ now, any MJ, you're well positioned. Patience and hang on!
Sideways until a week from tomorrow.
Really?? I was convinced it was a sure thing.
You have two different companies, two different share structures and two radically different management teams. That's the answer. Try to get away from the idea that traditional management rules and methods apply here, these are pennies not blue chips. Expect anything.
Big guys are resting, that's what moves this.
I'm not sure news is necessary- if it works don't tinker with it. He'll have news when has news, he doesn't seem the type to make announcements just to keep people interested. I look for any news from Marco to be substantial and meaningful to progress, a purchase, a sale, whatever. Getting beyond .02 was important, more looking - and buying - tomorrow.
Day traders.
Volume is churning. Big interest here. Making money!
When the Feds turn a new leaf, which if the election goes as expected seems inevitable,the gates will swing open.
The Colorado law became active only in that state on 1/1/2014, thus the run up in MJ stocks at that time. You are correct, it's a bit different now that MJ has become much more accepted, in fact almost mainstream in some areas, and the upcoming ballot issues in several states add to the mix. This attention this time will hang on long after the election, unlike in early 2014. MJ will have become totally legitimized. Hey, it's a business now...a big business? We'll see.
Now it begins.
Like yesterday, big block buys paint the finish - last five minutes - T trades.
50 mil, big buys!
Battle between enthusiasm and profit takers.
The last five minutes of trading, even without the form t trades, is a good indication of what's in store for tomorrow. I always thought that this wasn't hastened off the greys to squeeze more scam money. Getting interesting here.
Lot of small buys which is good, when 6 figure buys roll in will pass .012 resistance and take off.
Solid, steady, above average volume and sideways/north movement. Accumulation. I'll take it, I'm confident. Luck? Of course, however luck favors the trained mind.
Seems you have done well. Lesson learned. Took some courage to buy back into this after that suspension fiasco, however I believe your enduring patience will pay off big. I sold almost all of mine before the suspension and did quite well - dumb luck really - what little I had left I sold as soon as it came back on the market and said goodbye forever. I took notice when it came off the greys, did a little DD on Marco and the company, saw maybe potential and got back in for much less than the first time. I'm optimistic but have become more wary of these plays. Good luck.
You bought the day before the suspension? Wow! That had to be mind messing! Hope you get it all back plus.
You are a patient man!
Good volume, price holding thru the inevitable volatility in this industry until Nov, interest growing - I'm not worried.
Settiing. All MJs are posturing for position leading up to the election. Slow, steady northbound ride for three more weeks...then we shall see.
Would never try to discourage hard work. Carry on.
There will be profit takers.
15 mil in first 1/2 of trading - big volume and big swing day.
I think you've got this pretty much measured Jimmy. There will be this dickering and maneuvering up until or perhaps just before the election. Those ballot issues in CA and elsewhere, their success/failure, will be critical as to movement here and in all MJs. Obviously there are those averaging down and others just impatient or disgusted, which I believe accounts for this recent shift, however most are holding in anticipation of MJ coming out of the immoral, low level degenerate closet. After Nov this stock - this industry - moves to another tier of business. Could be up, could be down. You know which way I'm betting. It's a crap shoot! Good luck!
Fat finger??
I did very well with this a couple of years ago, it owes me nothing. That said, you know Jimmy, that these issues are very fickle, they move on a heartbeat, and the success or failure of this industry and many of these penny MJ stocks hinges on the elections. If those Nov ballot issues are successful there will be movement, but more importantly it will legitimize MJ in the eyes of even the most ardent opponents, banks will open up, the Feds will loosen up, larger investors will take notice and the MJ business, and related players will flourish.
Also, I believe Marco has made some clever moves with this and that he has more. I'm in for a moderate amount, not a big bet unless I'm right and it takes off. Of course I'm speculating so please do not take my opinion as any more than an opinion.
I wouldn't leave just yet.
OK.
Load.
Good volume. Some hefty trades even after the early 7.7M buy. Could it be attracting attentions?
Don't worry about buyers to sellers ratios - if somebody sells, somebody bought, the shares are being held. Don't worry about "cubes" or "subscriptions" that will happen or it won't. This stock will rise on the hype leading up to and following the Nov election, and I don't mean Trump or Hillary. The ballot issues regarding MJ in 20 states will move this stock even if most of those 20 don't succeed. The mood of the country is that MJ is here to stay, and somebody is going to make money - get rich even - on marketing and selling it or products related to it. Believe what you want about its medicinal benefits or the morality of recreational legalization, it's not going away. Marco moved this off the greys quickly - in record time, in my mind - he's not stupid. Is he a con? I don't know. If he is, grab his coattails and know when to let go. Forget about buys and sells, "cubes" and "subscriptions" just buy some and wait.
Yes, very well indeed!
Will drop at least one more time before a burst in early Nov in anticipation of MJ ballots succeeding. Volume will surge as Nov gets closer. Marco is playing this well.
Always interesting here...always.
Can't have a sale w/o a buy.
They need the plant.
Not just universities but private labs, big pharma, etc. Diaappointing announcement but it did generate interest, more research, more plants more growth. MJ is gaining legitimacy in small steps, the more it is looked at the more it will be accepted. As for the research, it will prove positive over time - hopefully not too much time. I've made a rather lengthy study of my own, I've known Mary Jane for over 50 years and have concluded there are no lasting long term effects, only brief short term, even for my arthritis. Not the announcement I expected but a step forward.
More research happens, (academia, labs, etc.), more product grown, more interest from big pharma, Feds and states and more financing, perhaps institutional financing.