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No. No explanation for the run-up but the over .48 hold was a solid buy signal for a short term play. Elongated head and shoulders rebound was complete. TAR in and then out since there are too many unknowns here. Have found other sandboxes to go play in. Will be back when info is available or if prices get extreme again. Hope some of y'all took advantage to lighten up.
GLTA
Don’t forget the approximately remaining 5 Million in convertible debentures and notes and the zillion preferred shares held by the magnificent management team.
Agreed that this would be a plausible scenario if evio could ever finish an audit. Would you sign a new licensing agreement with a brand that is this greatly damaged? WTF is going on with the financials? We keep asking and there is no answer. The best scenario here is still a weak one.
On the technical front, the failure to sustain this latest run-up and get up and over the .48- .50 level portends ill, as well. If .42 fails there could easily be a return to mid .30s and even the.20s again. This will make secret agent man very happy because, although he will be further under water, he and the rest of us will be able to buy cheap shares. Just a reminder to all that if you don't sell cheap shares when they are no longer cheap, then they become expensive shares. (Old TAR proverb).
TAR looking for over .48 or mid .30s as adding points.
JMHOs
GLTA.
Please note that with current knowledge of facts, TAR does NOT suggest a valuation in 60s. Present level is just above current upper TAR value.
Don't remember a .61 range target. I do remember this last TAR analysis in response to Gangsta supposing $4M revs which might possibly lead to a 60s value.
Last TAR Valuation Study
A few thoughts for ya:
1. Dead cat bounces (for future consideration) are minimal bounces off of sudden and severe drops. The drop to the low 20s was certainly severe but a bounce back to low 40s is a correction. (I know some clairvoyant here keeps yapping about buying .19 but the low was put in @ .21)
2. Ok, now that evio has corrected, what can be expected?: Guessing the actual revenues for this company without any current guidance is a crap shoot at best. I understand your $4M projection based upon the last words we have heard from dubya, but it is this long vacant pause since then that has me concerned. Too many times in the past few years his highness has issued us encouraging prs that have stood silent until proven to be much less than what was hinted at.
3. With your $4M annual revs (please note I'm still using 35% margins (which in evio's case is immensely generous) and an OS count that does NOT include all of the preferred but does include estimated remaining Canadian debentures- TAR would put a value of $.65.
4. So, without the benefit of actual reporting, the present level seems quite reasonable. In the absence of unexpected new bad news, I think that either modest accumulation at these prices or just waiting for better discounts are fair strategies.
5. evio is no longer an investment. It's a gamble. The long term business plan has blown up and we wait for the new and improved evio road to riches plan.
JMHO
GLTY
Maybe, just maybe, the move from mid 20s to mid 40s IS the move up. That is quite a jump. Is there any evidence that it should be greater?
We feel your itch!
Obviously an accumulator. The opposite of our favorite pumpers who pump to dump.
Simple definition is percentage of gross revenues that are kept (after costs of producing those revenues).
Ugggh!
Under any name a 50-90% profit regardless of the time frame is great money management. Not taking those kind of short term profits is just plain greedy. Especially when you could get back in in the low 30s and pick up another 20% in a day or two. Or one can dollar trade and accumulate free shares to hold. It's a salad bar out here.
It's based on Technical And Revenue analysis. Basically combines technical signals with the reality of a revenue based pricing model.
Almost called it TARA but TAR works nicely with the whole handle which came about years ago when covering a real bullshit company that claimed it could clean up oil spills in the Gulf. Some things are just meant to be.
GLTY
Stop screaming!
Anyway- Price is offered below there now. Also a fact. But, I agree that facts are better than most of the made up bs that gets put out here.
Another fact is that after all of the bruhah, evio is trading exactly where it was a month ago when it was wallowing in disinterest and it was 50% lower than the previous unexplained run-up a few months prior.
btw/ since you seem interested, I have mentioned in the past that TAR is the name of my trading model. It is proprietary but I do share its insights from time to time. Like when TAR had me buy in the 30s and sell in the (60s on average) on the way up during that afore-mentioned false rally to 80s. At that time TAR had evio valued at around .45. I was called a lot of names for that sell recommendation. As I revealed the other day, new TAR value is topped out @ .41 and could be somewhat lower. Vague because of no valid data to go on- just scraps and intuitive extrapolation but TAR pretty much pegged the last low and got me out at what so far seems to be the right place. We shall see. Nothing is perfect.
GL to your own trading strategies. Ka-ching is the prettiest sound!
When y’all going to learn that pennies are not shorted except momentarily by mm’s? Besides, the supposed sixes are meaningless.
ROTFLMAO! Calling an evio an evio is NOT bashing!! TAR valuations have been the most accurate indicators on this board, by far. Ask any long timers here. I buy when it's attractive and sell for profits when its attractive. Have been criticized for selling when "It's going to $2 in a week!!!"
I obviously can't sell what I haven't already bought as B/Ds won't allow that with a non reporting penny. And your short interest stats are highly suspect and irrelevant.
You don't understand the purpose of a board like this. It's not to pump an unworthy company but to inform so members can make intelligent decisions based upon real - not imagined- DD. The markets always correct to value. Buy below value and sell for profits or hold for dreams. Investing 101. You should pick up a copy and read it sometimes instead of always trying to make evio great again.
ta ta.
The water may be polluted.
FWIW/ Best scenario TAR value for evio is now $.41. Worst valuation is $.20. So my next entry point may be between .25 and .33 depending how it gets there. No explanation for this weeks surge, but grateful and will go back to patient mode. JMHO!
GLTY
The article was obviously prepared some days or weeks ago. See dates on charts and breath of presentation.
Sounds like the facts.
Great article. Thanks for the posting.
No one is berating evio for rising a little. What is it with you? Is .40 the new 2.00?? Berating evio for shitty performance and telling like it is? I made money today and will sell the rest of my 20s on the close or tomorrow open depending on my mood. I love when evio has a day like this. Wish it was more often.
Ha. Good call!
On 6/13, the absolute low, guess who called it (pre-opening) in response to a request for TAR forecast?
And guess who was buying $500 a week until he hit the low?
Picked the low, you say? Gimme a break!
But really, we're not here to pick highs and lows but to make money with intelligent DD and reasoning. Your technique seems to have been to keep betting black at the roulette table until it finally comes in.
Congratulations!! Hope you took some profits today. I did.
TAR locked and loaded
of course he is.
Exactly. Based upon the MM's appearing most active on both sides, it looks like there might be some institutional playing around. If a managed fund, for example, is buying representation in several cannabis stocks (there are not that many to choose from) they spread their money around. A little bit of $$ goes a long way in evio-land.
GLTY
what revenues??? alas, that is the problem. We don't know. Just gambling here. In and out, rinse and repeat.
GLTY
They convert@ .40 (I believe) so there's something else a foot here. We get one of these runups every once in awhile for technical reasons and then...... will see this time. TAR hinted at this a few days ago, but this is still not much of anything on a dollar invest basis. Recent tech plays in the mid low 20s have a nice return above .30 but again, the dollar amounts are non impressive.
GLTY
No. Some of us know that 500,00 shares were converted yesterday.
You are aware that not all labs are the same size with the same capacity or with the same customer/profile base, right? Comparing any lab to evio’s mismanaged operation is a dangerous game.
Could be soon.
This was from a year ago. So you have your answer.
ROTFLMAO! Yeah, blame it on the imaginary shorts and the tooth fairy. If anyone is still listening to this crap, you are best advised to turn off the channel.
Trimming fake hedges?
My point is that there is no legal remedy for poor investment decisions.
GLTY
Better sell everything quick while you can so you'll have some money left to waste on legal bills. Incompetence and poor judgement are not crimes, though they can be costly. Nothing costs more than poor DD and addiction to rosy colored pipe dreams.
No. Not yet (if ever). No filings, no trustworthy guidance, no apparent game plan, and competition in nearly every evio market. May have interest after the toilet stops flushing. The fact that it sunk through the 30s without a single sustained bounce was very disheartening. TAR indicators have yet to register a buy signal since price broke below .45.
GLTY
You really need to change your diet. Have far exceeded the daily requirement for bullshit. But then again, we all have different biological dispositions.