Waiting for the next miracle stock.
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Yeah, I completely agree with you here. Medical would require the highest quality and demand a higher price. Again though the result is Increased efficiency. If you can clone plants that you know are higher quality because they have grown through the stages and resisted bacteria then you avoid loss and weed out the bad plants. (See what I did there?)??????
We are both correct and it's good to see the charts turning upward as I hoped. Consolidation in the 0.22-0.25 should be our support now.
Seems to me like the tissue propagation = Increased efficiency and Economies of Scale
Sweet! Can someone fill me in on the move today?
One word: Ugly
Currently it looks to be in accumulation. The stock has found a short term base of $2.75 support and $3.08 resistance. As long as it holds support here we are fine. I expect the moment we get positive news we will breakout to the upside.
Lololol
Hello from HIVE... A Recap of Our First Months
Dear Friends of HIVE,
It has been just two short months since our trading debut on the TSX.V, but a lot has happened since then. The blockchain and cryptocurrency economy continues to grow at a furious pace, with the aggregate market cap of all cryptocurrencies surpassing US$225 billion this past week. Recent developments include the decision of CME Group — the operator of the world's largest options and futures exchange — to launch Bitcoin futures; the third annual Ethereum developer conference (devcon3) — the largest ever — held in Cancun, Mexico; mainstream payment platforms like Square dipping their toes into crypto; the announcement by Coinbase of a new company — Coinbase Custody — which will help institutional investors securely store digital assets; and the Ethereum Classic Summit held in Hong Kong, sponsored by HIVE.
The consensus algorithms leading these decentralized economies — like Proof-of-Work, Ethash, and Equihash — continue to power the security underpinning and legitimizing the leading blockchain networks. HIVE is quickly scaling to become a global leader in blockchain infrastructure as the world we know becomes decentralized.
Since our launch, we have raised C$88 million in three financing rounds, including two bought deals led by GMP Securities. These financings have included the re-investment of more than C$12 million by our largest shareholder and strategic partner, Genesis Mining, the world’s leading cryptocurrency mining company. The raised capital was used to grow our Iceland mining operation to 3.8 MW in electricity consumption, and is now being deployed in our massive expansion into Sweden, which will increase the total electricity consumption of our global mining operations to 17.4 MW.
We are also pleased to have been included as one of five select holdings — along with SAP, Overstock, Hitachi, and Accenture — in the Reality Shares Nasdaq Blockchain Economy Index, which is designed to measure the returns of global companies committed to blockchain innovation.
We will continue to provide community and company insights through our corporate blog in the coming weeks and months. Stay tuned.
Many thanks,
The HIVE team
Email link:
http://mailchi.mp/7aee0851080f/hello-from-hive-a-recap-of-our-first-months?e=b98bbb2cb9
Stock price of $13.47 based on today's market cap vs a $1B market cap.
Thanks for this info. Based on those numbers the stock price should be a little over 3X it's current price. If they ever release this information as a press release I think we will see a dramatic increase in the stock price.
I completely agree with you here. The bigger picture seems to be developing right before our eyes.
I said we needed news to reverse the trend and we got it. Woot, let's hope the buyers keep coming in.
I believe that is a smart move.
I have spent many years trading and like you have come up with theories based on experience and past results. It is possible that your hypothesis and others I have read here are true. I also believe this company has a good chance of becoming listed and considered credible.
The problem is the release of shares. I have a lot of trading ideas for many stocks and I would love to follow the companies every move to use that in my decision making. However, I find that T/A tells you everything you need to know.
Staying disciplined to my T/A rules is the hard part. The massive move to $5.25 Friday was unexpected. I should have taken some time out of my work day to check the chart more thoroughly and I would have easily noticed that it was trading well above the top channel. With that I would have unloaded the majority of my position and trailed the remaining "lotto shares" (As I like to call them.).
At this point I haven't made a move and I know for a fact now it is in a downtrend. I don't have much invested in this trade but either way I am down and will have to decide what I want to do next.
The stock needs some positive news to get some buyers interested again. Otherwise I fear we are headed much lower.
The shorts ruined the momentum. Stock is technically broken now. It's anyone's guess at this point.
Honestly from a technical analysis standpoint of it can't hold $3 or higher it will break it's uptrend.
Not good
Stop spamming another ticker on this board. Go to its board and posts your great stuff about it there.
Now this is really interesting. Info here implies that a significant portion of their dramatic increase in revenue is from HIVE.
Let's see how the market reacts tomorrow.
Your point is?
Stocks move for a reason.
Same here on TD Ameritrade
Nailed it
I'm liking this move. Buying interest being shown.
3 month daily chart not broken. I would post with a trend line but I'm currently at work. If you know TA then check out the 3 month daily. The stock was clearly above the channel and the up trend is still in tact. I can post the image with the trend line if others would find it useful.
Choking on all those new shares.
I would be shocked to see $6.00 that fast. The chum has run out and the feeding frenzy has moved on. It will take some time for people to digest the 26 million shares news.
You are over thinking it. Level 2 showed a wall of 20K shares in the low $5.00. Someone dumped on the news and took out stops of a lot of traders.
Oversupply and low demand dropped the price. Simple
Really? Are they paying you to post this? Your post is proof that PRELF is getting the attention of the masses and likely to gain more buyers.
I'm back in. Cheering for PRELF again.
Yup, chart said higher and it went. Dang
I think it is completely foolish to short any stock with this kind of momentum. If you must short it should only be for day trades and even that I wouldn't attempt in this space.
Sold out. Doing a little bit of trading here to be on the safe side. The chart doesn't signal sell, it actually shows a another breakout but at the $3.05 price. I just don't trust the penny market. Really hoping it comes in again and I will immediately jump back in.
Why would you think one person would short 374,000 on a penny stock? It's likely multiple traders and if they were smart they've already been covering.
Easy to get squeezed here. We saw support today $2.30s as the chart predicted. Let's hope more buying interest continues.
Thank you very much for posting this. Things are looking good!
Honestly, I'm 99.9% a technical trader but these guys have given a initial revenue projection. So it's impossible for me to find a value of a company that is at the forefront of a new technology that could change the world.
Even with all that said I would still like to try and get an idea if the volume is retail chasing or accumulation. If its accumulation then the big boys are telling us right now they see much more value here.
I just wish they didnt have over 200 million shares outstanding. It would be nice to get a more accurate public float. The only number I can find is 50 million.
I completely agree. Already up another 20% today on good volume. We are currently seeing accumulation.
What I will attempt to do soon is try to figure a hypothetical actual value of the company based in potential earnings. The multiple is the harder part because with these kinds of stocks people buy more with huge expectations much later in the future.
Regardless, if some of this volume is in fact from institutions, you can bet they have a great understanding of the potential value of this company.
I don't believe bitcoin's price or move was the biggest reason for a 25%+ move in one day. The adding of another datacenter = more revenue and profits. The potential of each just doubled. That's the reason for the move.
Great follow through today. I only bought 200 shares but it looks like this stock may have some long term potential.
Technical pattern needs to continue to develop for trading but I like the buying interest thus far.
From my little research GB Sciences services the medical side.
I was burned by pennies 15 years ago when I started trading stocks. Since then I've avoided but I want some exposure to cannabis growth especially on the medical side. Partnering with a major university (In my home state.) definitely has a good risk/reward ratio. I only bought 1,000 shares but I may buy more over time.
My brother, a pharmacist, actually called me about this company after seeing the LSU deal on the news.
Current owner. I'm not sure what the immediate stock price will do but I like the growth potential here. Sounds like a projected $34.5M over the next 5 years prior to LSU's take. I do wonder how they plan on funding the manufacturing facility at LSU and other operational costs. That will be an issue soon and could temporarily bring the stock price down.
Otherwise revenue is great for these microcap stocks and I would love to see Southern MS choose GB Sciences as well. Good luck all.