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The days of CEs, stops and unverified transfer agents is coming to an end imo.
No longer will you have CEs get pumped in to multi-pennies while legit companies are undervalued. This correction by the SEC will force the market to properly value good companies.
While it hurts investors with positions in these “garbage shells” right now, I think this will be good for the market going forward.
The only downside is that many investors are drawn to the pink market because of the huge profit margin. Who doesn’t want to buy 20m shares of a CE at 0.0001 with the possibility of someone buying the shell and getting it current? So much money there.
Things are evolving. We will see where it goes.
Glta
Not necessarily. The SEC has been suspending tickers for not being current, being involved in pump and dumps and other nefarious activities.
Being current is a big thing right now and the SEC is cracking down hard. Probably why the penny world is super bearish. Everyone is afraid of losing their entire investment.
Glta
Yes. This will most likely take another day or two of sideways trading before heading back north next week. Will probably see a hammer or cross tomorrow. Healthy chart. Love it.
$SHMN
Called it. It’s behaving exactly as the chart suggests. We’ll see a hammer or cross tomorrow before the next leg up.
$SHMN
9m wall? Really?
It will close at 0.007 or above. That’s the indication dome the chart imo.
$SHMN
Chart indicates 0.007 as our bottom on this downtrend. I’d expect a solid hammer candle tomorrow and big uptrend next week.
Glta
$SHMN
Are we trading stock or watching paint dry today? Holy Toledo this moving slower than molasses lmao.
Good things come to those who wait.
$SPQS
Yup. Their Twitter account has been silent since 2016. Maybe that’ll change soon.
$SPQS
It’d be nice if they announced that.
$SPQS
Float is only 691m as per OTC.
$SPQS
Next leg up is coming. May not be today but the chart def supports it.
$SHMN
Yeah like I said. There is a more direct approach but I don’t speak mandarin.
Tried that. Absolutely worthless.
I ran the domain through multiple sites a few days ago and just now. The only info I could find is that the owner is in Hong Kong. That’s it. I don’t think we will find out anything that route. Now if I could speak mandarin I would call whomever runs the site over there and work my way up the food chain until I reached the owner. Alas I do not speak mandarin.
$TGGI
Ends COB on Friday. Then we’ll have to wait and see if they put out a PR or tweet. I’d rather see a PR but take whatever we can get.
$SHMN
$SHMN chart says it all. Stock is steadily stair stepping upwards. A new, higher base will form in the next few days. There’s still enough time to get in on this one.
$SHMN
Very nice day here. Trending up.
$SPQS
RSI-56
AROON- 88 up / 44 down (still bullish)
MACD- trending toward the 200ma but still has enough gap to bounce north.
MFI- 66.19 convergence in to a neutral RSI could indicate an imminent turn around in price action.
BOLLINGER BANDS- price action has bottomed out on the lower side of the upper bollinger band. This should indicate a reversal in price action.
All in all the chart consists of all components required for the price action to establish a new upward channel imo.
Glta
$TGGI
Closed 0.0021
$TGGI
Closed 0.0078.
$SHMN
The chart is showing the next level of support/resistance developing. I believe we will step down to the high 6s before a sideways day and then another blastoff to the next level.
$SHMN
Bid needs to move up though.
$SPQS
As currently evident.
$SPQS
Now that is solid DD. Thanks
$SHMN
Would t take much buying pressure to send this imo. Just needs some validation from management
$SPQS
It def failed to make a higher trading level that’s for sure. Correction was expected in the 0.0032-0.042 range. It dropped way below that. Odds are it’s going back to the low teens or even trips. This stock missed the chart. That’s the reality of it.
$TGGI
Why are ppl expecting news here?
This company last tweeted on 9/28/2020.
The last news PR was 3/12/2020 and then again 2 years before that. They are horrible at investor communication.
JS
Glta
That would be awesome.
No, with. Don’t get me wrong. CBD is still a hot trend. I just feel this company’s cbd products aren’t revolutionizing the industry. They will still elevate the pps.
This company needs to do a few things before I can give them a prospective valuation beyond 0.1. They need to get current and they need to update on the share buy back. That and financials could make this a solid run past 0.1 at some point imo.
The fact that the market is bleeding red right now is not helping. Lots of investors are panic selling, afraid of losing too much. I think that’s a mistake. It’s hard to gauge where this stock should be with yesterday’s tweet. Had this dropped a month ago I would have said we could be at 0.05 easily. However, the timing of the tweet with current market conditions is hindering this from going higher imo.
$SHMN
0.02 short term.
0.05 mid term.
0.1-0.25 down a long road...maybe
$SHMN
...still falling...
Just made a statement, that’s all. I’ll wait for the next pump
Starting to look like a pump and dump now.
Oohhh baby she’s flying!!
$SHMN
Disregard previous
$SHMN let’s get it!
That is all
$SHMN let’s get it!
That is all
You were one from the first post I read. Thanks for playing. Good bye now.