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they've been pretty successful in getting on your skin. these are trolls, that's what they do. they give 0 f*ks and are prob laughing whenever they get reactions like these. every board has them and it has no impact on share price, take it easy.
guessing today's range at .0038 - .0043 at best on this low volume.
i understand your positivism, but in the end this is a penny stock that's at .004 with a share structure made for dilution. Regardless of how incredible an approval would be, it would be a miracle from God himself to put this close to .30 in the short term. This board has no impact on share price so i don't get pumping this much as i don't get bashing it. Please send me a message marking this post if it does go to .30 and I will be the first one to acknowledge you on how your belief was correct from the start.
yes. and i obviously would love crazy high share prices and become a millionaire but those teens are big resistances in the chart, the market can certainly adjust the price to higher numbers after a consolidation. It's only my opinion obviously and ill certainly keep shares around for maybe even higher numbers. But ultimately everyone has a different strategy regardless of the long term future of this stock. You should understand how the dream of that one stock that will make you riches has screwed up people countless times, you don't know when dilution or whatever happens to bring prices down again, just be safe out there.
stop with that. soon after an approval .05 - .10 is more realistic. Not everyone shares the same strategy or vision and many will want to grab their profits around those levels.
todays range .004 - 0045 at best.
great end here. breaking this .004 is the ultimate sign of strength on for the upward trend. especially on such low volume. my guess is that if there's an approval we should see climb up to test .006s again before news.
i want approval asap, but with the looks of this imo it will go lower. Before any big move up without news i believe it will get to touch at least .003. hopefully i'm wrong, but this needs to get a bounce strong enough to break the sma 50, the volume has been to low to break it as it is.
You may choose whatever strategy suits your risk. Subs are as risky as it gets and you have to rely on whats best to play them. Charts are better than just plain hope imo. im with you on this one and want news to make this skyrocket.
Charts are literally the only way to 'trade' pennies. There's no such thing as 'financials' that can keep a chart going with penny stocks like in blue chips, very rarely at best. Any other strategy will only give you headaches and anxiety 'hopping' for the best averaging down or getting caught on pump and dumps. If you don't know your basics of resistance and supports, and moving averages you might as well go to your local cigar shop and buy some scratch offs. The only thing that makes chart not matter is news as you mentioned, and this play is ALL about waiting for news, nothing more. Again third day this closes below the sma 50. I'm in this for the big win as well, but won't be adding any more until this can get some closes above .004 or if it goes down to test .003.
Until fda approval people will want to get as cheap as possible. it's all fun and games until there's no approval, smart people won't want to get caught up with high pps avg. when this goes down. I want an approval just as the next person, but you need to be realistic with penny stocks. load up at the right spots to maximize profit for when approval comes. .0035 so far is holding up nicely, but i'd be ready for lower pps.
The chart. I understand you might not like to think about any scenario that doesn't involve going up. But the reality is price has gone below the sma 50 on the daily chart which has been a good support for months. It has closed two days in a row below it, and now its resistance proven by the point of it can't go pass it today with another low volume day. Not bashing, i'm in this as well, but with no news and low volume the MMs can walk this down more to test .003 and .0025. I would be ready to add at those levels. If this closes again below the sma 50 with no news on Monday, i wouldn't be surprised for this to go a bit lower.
looks like it's heading to test .0025. Don't be surprised if it does.
If this doesn't close at or above the sma 50 at .004, it may test .003 and below until news hits. I know news is what will make it or break it and it may come at any time, but technicals now point to this going lower as the sma 50 looks like resistance now. I wouldn't panic if it does, just more opportunity for those who would like to have a higher risk ratio. Hopefully this can close above .004.
we reached the exact range where people don't want to keep buying high but also don't want to risk selling, thus the slow volume and movement. no needs to over think from here on. this either gets the approval and it flies high or not and goes down to test the sma 200 and so on.
nothing surprising here. dead volume gives leeway for this type of movement trying to test the sma 50 line. past tests show it's a very strong support, so imo we bounce nicely tomorrow. good grabs on those high .003s for anyone who could.
another slow day building here. this will not move from this .004 - .0048 range until news hits. wouldn't be surprised if this breaks lower to test .0025 if nothing heats up.
this will be a boring ticker until news hit, it won't make any wild moves until then. If you want to risk it now is the time to buy or keep adding, these prices seem pretty sweet, and if you are worried make sure you got your stop losses set because it will be a wild one either way.
This should be at or below the weekly sma 50 until news hit.
Should close around .0047 or .0048 if this breaks .0043.
Already pre market buy at 9:20am for .009 10k shares. Should be an interesting morning.
Bid .0085 X Ask .009
I personally do not agree with you assessment of how you believe ERBB will go high or low. It's a mistake in my opinion to believe ERBB to be this unique company that will rise or die independent of how other mainstream mj stocks do as of now. It's fact most of the these mainstream mj penny stocks are connected in how they trade. The industry is at a standstill now, that is all. If ERBB was so bad or a share selling scam, we would have been in the .002s and 001s already if not a while ago. Yes it sucks to be riding this low tide for so long, no one likes it, but you should know by now that this game around penny land is rigged. This stock blew up last time and it didn't even have a machine working yet nor OG tea for a matter of fact. Yes, pumpers were more prominent back then, but now it's a waiting game to see how low shares can get around mj stocks for the next run up. This board kind of reminds of how news are delivered now a days, there needs to be some new topic or something to be talked about otherwise ratings will decline, and thus alike this board is flooded with comments that try to make sense of things even though there's really nothing to be made sense of now.
If price breaks this level below we are going to see .008s and .007s again with no doubt. But so far it's holding very nicely, could say it's a bottom now but for that it needs to rebound and go test .01 again.
Good DD. Thanks for that. However does not mean anything new really for the process in general. Yea some machines are still waiting update on software and products, I've been aware for a while that this rollout wouldn't happen that fast. It doesn't take away that these are the only machines on the market with a full utility patent on technology (no competition). Still very informative for you to share that.
The charts for ERBB TR*C and H*MP are simply identical on the two year, please check them out when possible. It should give some insight on how this market is set up, *independent* on how special you may think ERBB is or how of a scam you think it is or how many shares there are, this moves when everyone moves, fact.
It's laughable how people here still believe ERBB to function just like a normal stock would. This is a penny stock, that has proven to make big moves only when the mj industry is making big moves. These are facts. Most mj stocks are on the same down pattern, doesn't matter how good news is particular to ERBB. It seems that big moves will only happen when the money starts pouring in the mj industry again. At the moment things are still looking down, and certainly testing the patience of even the most chill out buddha investor. The facts and DD on ERBB are known now, there's no need to spread misinformation here.
Flag pattern forming on the chart now, from a technical point of view I would get some of these shares at .01 knowing the higher probability that this would move up for a break of .012 than lower levels than .01 (so far good support), might test high .009s but very shortly. Research flag patterns on a chart and look back at ERBBs to see what i mean.
People get their head stuck on valuation based on market cap on a penny stock at this level, just ridiculous. maybe there should be some share re structuring in the very very long term to make this eligible for nasdaq. But at the moment this can go to .20s in a year no problem. These prices are temporary just like the .001s and 002s were on december 2013. See penny stocks for what they are but never underestimate the potential that this industry has. This didnt go from .03s to .12 on one pump, it took a whole month, enough to think about a valuation dont you think, and zazz didnt even really properly existed. This can likely test that again just pick your spot right.
low volume again today, literally calm before the storm. This should linger between .0101 and .0112 at best today if low volume continues.
today needs 50 million plus volume to try to test and pass .012, right now doesn't look like today is the day.
Volume is too low for this to try to pass .012, but i like where it is, strong support above .01, consolidating from the sell off yesterday very nicely. Should be a very enticing week.
Market cap within penny stocks is honestly not as relevant as you may want to think. Most of trading and long term movement is purely based out of speculation and hype, especially on the mj industry. Even stocks in nasdaq and nyse such as tesla are priced on future speculation and not market cap. Follow the trend to make money here.
News today on this bill is certainly one of the best news since Colorado and Washington legalized it. If it passes it would be the best news period for the industry ever. Along with all the strides ERBB is doing, these levels are cheap. There's possibility of testing subpennies again, but the support along .01 is very good and at the moment bulls are pulling this up. Great moment to be in this right now.
solid day, even though no strong volume, support kept in on the bullish side and what seems to be in my opinion a fake wall at .0117, should break that with ease next week on good volume.
still big ask wall on .0117, not a chart resistance, just MMs doing their thing on a low volume day, next week should see some good movement, after all fridays are usually slow.
needs more volume here, otherwise we should be hovering below .012 for today.
first needs to break the long term trend SMA 200 line which now is at .0172 , and then break low .02s, that would be absolute blue sky.
There's no real .0117 chart resistance, only a packed ask on the L2, as soon as momo eats that, it's clear to test .012s.
Expecting this to open around .0115 tomorrow, trace back a bit to .0105 and make a run to try and test .012 and .0124