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And didn't you just say this the other day ?
Quote "if the gum thing passes this will ho to 30 overnight."
I said many of these stocks it's a once in a lifetime opportunity, you disagree, but when was the last time you could buy stocks prior to their marketplace doubling, tripling? Any new company in the marketplace can target everyone, or atleast the subset of the population that would use or benefit from their product...for many of these weed stocks (I didn't just say cvsi) will have the doors opened to millions of new customers...
Agreed, it's a once in a lifetime opportunity to buy some of these stocks imo, especially CVSI... approval in CA and some of these others is only going to happen once....regardless of those approvals we are undervalued at these levels and it's a great entry point for anyone...and I agree over $1 we will trade better, everyone (atleast for this year ) will be in the green and we should change to more "hold for the ride" rather than profit locking...will be interesting to see how prices across the board fluctuate this week.... personally I don't see much downside (may Wednesday) other than that I think everyday will be positive , 11-7 through 11-9 will be ridiculous assuming a minimum of CA approves
Take it for what it's worth, with pink or otc stocks imo, buy an amount that if you lost half of it tomorrow it would not upset you or put you in a financial bind. I say this not because I expect newc or another to drop by 50%, rather exactly the opposite, however, as there are fluctuations in the price, I never want to be in an emotional position where I have to sell just to get my money out because I'll financially be in trouble if I don't. Like with newc, most of what I've bought was between .03-.04 (don't remember exact figures as it was multiple lots) but with the swings down I'm not concerned because 1. It doesn't have a major impact on my otc trading account 2. My thoughts are it will be 25 cents in the near term.....if you're new to otc, it's a dirty game, only believe about 1/3 of what you read on boards...my recommendation is never to bet money you need to live on an otc stock, even if you're sure it's "going to the moon"...most of these stocks are gambles at best run by crooked snakes...most of us play them because we are gamblers at heart and love the thrill of stocks that can jump 100-200-300% in hours...so you have to go with what your comfort level is , this is just food for thought, good luck
Ash, terrific points, do you have a side by side analysis of multiple companies that could be posted here all in one? I'm sure (especially this week)people will be searching for legit companies so they won't have the fear of a massive "bubble" with the share price skyrocketing, then collapsing when there's nothing to substantiate price, your analysis has been great and would be great IMO to have posted as sticky or whatever you call it at top of this page. Like AMMJ had a breakout yesterday, closed above a dollar which is great for them, but again it highlights the facts... they now have almost the same market cap as us, and we have 5x the revenues..... you have pointed it out well with cbds and gwph and it might be helpful for people searching....maybe you've already done it and I missed it
He posted the chart based on requests, not because he owns it, listen to the beginning of video, says "haven't done this before" i think most don't realize it's CANV, and "had requests to do this one"
So what are some thoughts on where we will be a week from now?
- will the market have "priced in" all states approving?
- will we build some momentum moving up to elections and then take off once approved?
Once we break a dollar and the lot sizes become smaller it will move faster imo, again....it's still a penny stock, there's no need to race to get out ,just break down the size of your orders...like the person that keeps coming up with the 19500 lot, just break it down....$15,000-$20,000 on ask is going to keep stifling movement
Agree, and once the smoke clears and the hoopla ends, people are going to dig around to find the real companies, with real products, real plans, real offices, real revenues...that will bode well for us....if I see another news flash about some other company changing direction to join the MJ craze I'm going to scream :)
Good job though by the bulls holding it up this morning, it will be back up and better than ever but I agree , just let it drop and get the sellers out of here
The best I got was .67, most was .79-.74 but that's ok, in the big scheme when I sell at 10.00 who cares? But the .67 , I only got 150 shares ha ha :)
Not yet, have to shake these never ending bid whackers, once they are done we should roll.....
It is being promoted today? Generally I'm not a fan of promos ....the rush in to buy and the rush out to sell once it's peaked, but cvsi can use the visibility imo, not enough people know what's here and the true value....let's get this well above $1-$2 and keep it there so they can move ahead with Nasdaq listing and get this thing into the 20s
Dilution pollution,...FBEC
:) ha ha ha
Nice :)
It's going to fly!!! I think it will hit $31 per share....oh sorry that was their total revenue for last 3 months (they used that $31 to get phone turned back on) (no wait, cost of goods sold $22)(net revenue $9) .....they aren't adding shares, hmmmm, how did they get the new website and the phones turned back on?? It's a festivus miracle!!!!
No office? But wait there can't be convertible notes , they just said share count going down....must be some mistake...maybe his car runs off of Wolfie shots, and lights up his house with Wolfie shot candles, and he pays his mortgage with Wolfie shot coupons, and he eats Wolfie shots for all his meals, but convertible notes....never :)
Well for 3 months ending June 30th 2016, net revenue...$9.00.....hmmmm, who will work for $9.00? I guess the CEO, cause everyone here swears they aren't adding shares....they must pay the electric company with Wolfie shots ha ha
Another run of the FBEC share printing press :) over 2 billion authorized and ready to print, who needs sales? A good pitch man and a printing press is all you need
Ha ha fantastic idea, that commercial could boost sales into the hundreds :)
What's worse the lack of sales or the toxic dilution?
How many Wolfie shots can you get for $31.00? :)
Revenue last quarter $31.00 ....is that for real or was it a mis-print on the quarterly? Was that $10.33 each month or did the $31.00 dollars roll in all at the same time?
News!!!!!
FBEC is pleased to announce we will start peddling our Wolfie shots via the girl scouts starting early November. We know setting up lemonade stands is a risky business but we're willing to do what it takes for our shareholders. Additionally sales on Amazon have risen 300% over the last week to $60.00 and we are preparing another case for shipment immediately.
Agreed , I looked this morning, tried to grab a couple bucket loads in the .022s wasn't fast enough and said screw it, checked couple hours later and it was flat, didn't look again till afternoon and was like "damn" they're doing big things here ha ha....nice work! Just hold imo, gonna be an exciting couple of weeks, can't expect everything to keep going straight up
Imo fair value is double this price regardless of results of election
Agreed, but in all fairness (without L2) it would have atleast closed at .73 but then you have the last minute bid whacks and someone posting 1000 shares at .698....now why would you do that when the ask was just .73? Idiotic stuff never ceases to amaze me....I agree, crap day, but a day where seemingly many that were in a "profit" position from a week or two ago either exited no matter what the price, or stacked ask no matter the size....so when the exiters aren't concerned with the repercussions to the price then this happens and we lose 20% value for no reason, a pull back before next leg I understand, but like today when people throw up 20000 on the ask.... remember at this juncture it's still a penny stock and you know damn well when you stack like that it will stifle the action....problem being, people getting out today didn't care. People were protecting their money today and will buy back next week and the week after when it runs really hard. We are facing an epic moment in time, similar to days right before and after prohibition (to some degree) , I'm confident in a couple weeks, month these prices will be a distant memory and a dream to think you could have loaded up so cheaply....days like today will test even the biggest risk takers...but to your point, yeah it still sucked ha ha
Yeah, I'm sure that's on the forefront of their mind to reverse split the overwhelming 52 million shares outstanding :)
I agree and spent the morning buying, just wierd how some of the trades roll through, I'm not looking at L2 though
Maybe balancing out since we didn't drop yesterday? It's all games anyway, at close yesterday the bid dropped from .83 to .805 and stayed there till almost open today....anyway my point being it seemed to be "predetermined" that we were going to drop today, even though a few buys tilted it positive for a second, it was gonna drop regardless....maybe I'm a conspiracy theorist ha ha
Cann and cbds recovering some , off 3 & 10%, we're a little oversold imo
Sorry to see you leave, I'm sure we'll be just fine, thankfully these guys are for real :) gonna be a crazy next two weeks :)
20% on a million shares..... Wtf
Agreed....been buying all morning, I'm tapped....panic needs to stop....
Possible, would think risky in case another buyer knocked them out, but based on the overall action not probable :) it does certainly serve as a road block, when you see sub and right at a penny stocks and see say 1 or 2 million shares come on ask , typically it seems to be a newer trader or panic, someone wanting exit immediately...just curious to me when you see almost $100k worth flopped up....you may very well be right because it came up yesterday in last 10 minutes, expected to see it this morning and figured it would hold ask down ,but it was absent
Can anyone explain the reasoning, whether a market maker or trader, two days in a row would put 100k shares in the ask in last 10 minutes....if a trader, especially someone who had $90k worth, would be astute enough not to put it out in one lump, additionally, it seemed like never ending orders popping up in the .877ish range, this probably not retail right? Anyway, everyone down this afternoon glad we stayed positive!!
Who's going to win today, the bears or the bulls? Added more myself, .25 + by 11-8 imo
You think $1.00 is going to be a wall like this or you think we will blow past and settle above?
Me too, should be one hell of a break out when we do!