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Dispensing is most likely the biggest part of the industry; a 50 billion dollar business. Lucky for us ERBB has its' foot in the door on that. Medicating accessories (bongs, vaporizers, etc.) are probably the second biggest part.
All together I think if marijuana was legalized federally people would be surprised that in its' entirety marijuana has the potential to be a 100+ Billion dollar sector.
ERBB moving up catch the break out.
ERBB moving up catch the break out. Marijuana sector is where the money is going this decade.
ERBB crawling back up look for it to run.
ERBB inching back up momentum just crossed positive looks like we've got a shot to see some gains this week.
Follow the money that's what's up.
I'd say more similar to the most recent run up to the penny break, it had a gap, trap and then subsequent breakout.
I don't think ERBB will need that much time, selling has been adequate for lines to re-load and there is no reason for operators to let this stock get stale. Strike while the iron is hot, as they say. I think ERBB could become very bullish again within these next few weeks.
I'm glad we share that sentiment. Agreed, that promo just gave loaders fresh cash to take this higher than ever.
Check my last post, don't be so sure to call their promo and dump a 'mistake'. IT could work out better for us longs if the same hands that made ERBB run around .02 are re-loading ATM.
If not someone is definitely buying a lot of stock.
I wouldn't give up hope on this running back up and soon just yet.
ERBB - Money flow illustrates accumulation, RSI reset since the bounce last week, momentum on the verge of turning positive. .005's holding strong, heavy sells being absorbed regardless of size.
It looks as if this drop since the bounce was orchestrated to look like the end of the past run to shake out weak hands, but the MF and RSI look nothing alike.
ERBB must have some real slick operators. We should rocket when the 50 and 200 MA cross. This promo could work out in a big way to a run this month. Whales got to sell their entire positions into the promo to re-buy them at a quick 50% 'discount'. While people that sold to those same whales at a loss eye the stock and wait for a bounce to come for the re-purchase. I think this could all work out to ERBB's advantage if operators are aiming for new highs. I can't wait to see how this turns out.
Yes, people have to recognize if a company were to dominate this sector in its' entirety said company would become a blue chip company.
That being said, if a handful of companies were to share dominance in the sector there would be room for a dozen or so multi-billion dollar market cap companies.
Legal marijuana is becoming very big business, question is does this company have what it takes to claim its' share of the pie? It's no easy feat, it will take networking, financing, management, business models and more just to claim a share. To claim the lions share... Will take some very serious planning and careful execution.
I don't have my chart open but check out the pre-rally consolidation last week after the bounce - gap up and you'll see what I'm talking about.
I looked at the technicals and aside from the money flow they are inconclusive.
Right on there is some big money behind this one.
A lot of following since its' old ticker, combine that with the marijuana sectors traders / investors and you got yourself a winner.
Also I forgot to mention the enormous revenues and profits waiting to be had in this practically limitless sector.
Right and I think the strong hands are with you there. That promo was a perfect opportunity to sell positions at a profit, and re-buy ASAP at what essentially is a 30% discount.
That 300 million volume day was spectacular for the whales I presume.
I think the only people getting burned here are the impatient but we'll have to wait for this week to find out.
I agree, within just a few years I think this sector is going to look dramatically different. Mergers, buyouts and huge deals will be happening.
There's a few indications that this run is setting up in a similar fashion to the last one, that being a bounce, gap, consolidation and then a further break out for 100%+ gains afterwards.
So I wouldn't count ERBB's run out just yet.
That little promo and bounce we got, coupled with the news got a lot of eyes on ERBB, if the gains come back so will the traders.
That is typical, but if the main ops' load up break the price out yet again people traders will become re-interested, last time this ran up it took several days and went up several hundred %. So I guess it comes down to the action on Monday.
The end of last week should have had an adequate amount of sellers for longs to re-load... But we'll see about that.
4/20 next week I didn't even think of that, I wonder if we'll see more cash than usual flow into these stocks.
ERBB tomorrow should be a big tell whether or not the bounce is over.
Shake and bake ha I've used that one before to describe stock action. About your pvt I don't know where shorts have been covering, I would assume they have been covering down here in the low .006's... They have about 50M+ ammo from this week.
They might have used it all or they could be waiting to reload and then squeeze the PPS.
I'm still waiting to fill my position fully, the .006's might break.
I'm in the dark as to whether we run hard next week or continue loading through then.
Boring accumulation today, IMO we're loading back up to continue this run. A lot of eyes on this since the e-mails last week.
You said it, almost 10 million shares soaked up at the bid when just before when the market depth showed only 10,000 on the bid, that's a good sign to me.
I was expecting a run next week, maybe we'll get a bounce EOD or we'll need the beginning of next week to continue accumulating.
I still think there's more upside to this for the month, I expect there is reason to all the volume we've seen this week above .005.
Well I don't care so I'll add that ERBB is looking strong since it's still holding up the .005's on pretty big volume, the downside here is limited and the upside is far larger. The people who lost on this must have been buying on emotions and selling on fear... People that hold will walk away with a pretty penny, possibly within the month, maybe even as soon as next week. Who knows? Maybe the money will pile back on the ask tomorrow morning.
But I can't say how deep this consolidation may cut into the PPS from where it is at currently, tomorrow should signal whether the run is going to resume fanatically or not.
Are you kidding me 100M volume on a flat price that's the ideal way to drop off the selling pressure.
If shorts did their job we should run hard very soon.
I was thinking the same thing. Wondering if we're going to need next week to load up or if we're all ready to rock.
Hey GOFFers I just want to remind everybody that I was right about this getting dumped this week.
I doubt we'll break .50 again but hey GOFF has already surprised me once so I won't jump to any conclusions yet.
At least the buyers that sold already did.
Too early to tell if the runs over person.
Holding strong enough to insinuate this uptrend continues.
I agree I'm hoping to get some .006's but if we get a blast of buys before the end of the day I might have to say goodbye to that dream.
Load range .005-.008, target .025 IMO.
ERBB dipped just like this before the last big run, I think we might break .02 this time. Money flow is way up, people are buying and loading.
Simple fact ERBB has massive revenue potential, first public distributor corporation, this is a big deal.
Billions to be made in Washington and Colorado through dispensaries alone.
Glad to see a legitimate comment on this board, I'm not saying it can't go up but I can spot a scam just by looking at the chart pretty easily, front loaders have 10M to sell and the buyers aren't going to make any money front loading on the front loaders... There isn't much demand from outsiders. The competition will turn stiff and everyone will eat eachothers meager profits up.
Just my opinion on EDXC from a glance. Sure it could be legit but I'm not giving this the benefit of the doubt considering the charts.
EDXC looking like a cheap trick, I'm here because I keep getting replies.
ERBB stock looking like a powder machine.
This could turn into VERY BIG BUSINESS VERY QUICKLY.
EDXC looks very stale.
I'm being honest. Give that a shot.
$ERBB "green machine" marijuana vending machine - nice volume today on some news, even though I'm not yet a believer in the marijuana vending machine concept if anyone can make it work it's $ERBB considering they are in the business of opening full fledged marijuana distributors, this gives ERBB a distinct edge on the competition. And if their concept being developed is truly innovative and more than just a vending machine AND gets patented this could have potential to make significant multi-million revenues quarterly within just a few years.
EDXC not looking good ER** just dropped news they are developing a vending machine product of their own, the "green machine", if this marijuana distribution idea succeeds they have an enormous edge on EDXC.
Doesn't look like EDXC has much long-term potential... Seems like a cheap trick.
I don't invest in micro-caps that aren't aiming to ever grow above the micro-cap sector. Sorry to rain on your parade but EDXC doesn't look attractive to me at all, I don't expect I am the only one.
ERBB up 50%+ that makes for a lot of profiteers looking to buy back stock.