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No public company can sell, grow or distribute the stuff until it comes off of Schedule 1. Period. I'm not disagreeing with you about TRTC being a good play. With that said, all LEGAL sellers, growers and distibutors in Colorado and elsewhere need financing to really get going. For those that don't have it, GIFT will provide. Don't you see the revenue potential in that?
Thank you!!! Seriously, everybody, take the time and listen to that interview. Yes, it's long and yes, Sterling is not the most engaging interviewee, but do you people realize how rare it is for a company to go on the air like that and answer your questions? Listen to what they have to say about the GIFT program and then really ponder what this will mean going forward. It is bigger than anything they've done so far and it's going to be huge.
You and everybody else...you can practically hear the wolves hungrily waiting in the .05's waiting to pounce. Growlife is about to have revenue streams that will make their revenues from grow equipment seem paltry. Seriously, take the time and really figure out the GIFT program. It's beautiful. I like TRTC, too, but they're basically growing vegetables while they wait to switch over to the real stuff. It looks like they're doing well with that, but who knows how long its going to be before the schedule 1 status gets rescinded and Terra Tech is able to do what they really want to do.
Finally got around to listening to the interview on icannabisradio.com last night. I can't believe that more people on here aren't giddy about the GIFT program. While remaining 100% legal, Growlife is about to front a bunch of LEGAL growers/distributors. That's right, for all intents and purposes, they're 'fronting' a whole bunch of 'dealers' and will reap the profits, but it's all 100% legal on the state side and Growlife will remain 100% legal on the federal side. It's genius, and it'll make that little 500k projection shortfall look like peanuts in a few months. Speaking of the quarterly swing and miss, it sounds like it really was an honest mistake and I have full confidence in Sterling and (especially) Rob to learn from said mistake. To Mullet...oh why bother. To dude iligence...yes, there is this dilution that you so harp on incessantly, however, it seems pretty clear that it is being held to a minimum and that any and all proceeds from said dilution are getting re-invested into the growth of this company. I've never felt better about my investment here and I've been long since January. Let this thing trickle and flounder for awhile longer...it'll just help me to fortify my position even more.
TRTC just posted killer numbers
http://finance.yahoo.com/news/terra-tech-releases-q3-financials-195403506.html
hey, office, don't be so hard on yourself. you were doing what you thought was best and i believe you did help the stock go up over the past few months. nothing you could have done would've saved this thing from going down today. a projection miss like that made it inevitable. a lot of weak hands got shaken today and a lot of smart money shored up their positions knowing what was about to take place. long term, this stock is just as gorgeous as ever. come back whenever, hopefully sooner than later. this thing won't stay down long. please don't forget that colorado and washington are about to embark onto frontier territory and the media is going to have a frenzy. when all the newbs show, who do you think they're going to want to jump on board with?
mullet!!! it wouldn't be a great day/week in phot history without you. i was breathlessly awaiting your return. now i know for sure it's going to be a good week. what other tasty morsels of nonsense do you have to propel us forward?
some party
MM knocked it down and held it during power hour, even loaded up about 10 million shares. going to let the news make the rounds overnight. tomorrow should be fun.
another huge buy (4.6 million). this just starting to pop up on people's radars.
EAPH go fatty boom boom now?
http://finance.yahoo.com/news/easton-pharmaceuticals-enters-cancer-drug-183805660.html
YES...mullet is back! this means we go up, up and away.
YES...mullet is back! this means we go up, up and away.
you leave us alone forever, go back to your hs(u)cc(k) board, and louis armstrong yourself
haha. fat fingers.
Today shows that either we have a brilliant MM or that our MM is losing his/her grip on this thing. Whatever the case may be, I am definitely not bored. Also, where'd you go mullet? Come back on and do that broken english, random caps, extra-chromosome thing you do and pull the slingshot back some more.
anytime a stock makes a huge gain, it's going to pullback. and yes, it is/has been manipulated. the difference is that this ticker is backed by a fledgling company with a bright future. keep watching, dude. it's just a matter of time before there will be too much volume to manipulate.
that's not a dump, fool. it's called consolidation. real stocks do that.
so glad to see you on here, momo trader. your very presence validates this stock and this ticker as a winner. post your garbage all day, dude. and bring your friends. when people like you show up, it means blue skies for the rest of us.
Everyone on this board should be thankful for our bipolar bellwether, our overly emotional canary in the coalmine, yes, our one and only, our Malvern. Whenever he gets whiny and impatient, MWIP heats him up a bottle and sings him a lullaby, i/e there's a reversal of fortune within a day or two, sometimes within the hour. Whenever he gets out his pom poms and stuffs the padding in his cheerleading outfit, we sputter and tank on cue. Go back and correlate his posts with ticker movement. It's actually pretty reliable. Today he's a mess, so by Monday we should be looking great. Stay off your meds, Malvern (unless it's your estrogen supplement, or course...double your dose), because we need you.
I officially have no clue when it comes to trading. I am beyond perplexed by today's activity. Can anyone explain to me why this happened? TIMBERRRRRRRRRRRRR!!!!! Panic selling for everyone else while I hold the bag. Blood in the streets. Tomorrow is going to be uglier than your mom...or the exact opposite. I have never felt more like a troglodyte.
Do your own DD...you'll find companies in this sector that have business models, revenue streams, that are fully reporting and fully audited. You know...actual companies. While you're at it, look into the illustrious dealings of Bruce Perlowin and see how confident you feel in HEMP. When you compare the handful of actual MMJ companies, as fledgling as they are, with this turd sandwich, you'll realize that it's time to cut your losses and move on. I'm so sick of watching this ticker and that other pile of feces, em jay en ay, drag the whole sector down, especially the day after Eric Holdout finally spoke up.
"Aaaahhhhhhhhh", says Bruce Perlowin as he takes a giant juicy dump all over his bagholders, I mean, shareholders. You people do realize that there are actual companies in this sector on the verge of momentous profits and soaring pps? HEMP is not a company, it's a shyster ticker, and it smells real bad.
Dude, we might bust that .05 wall at open. Did you watch the last few minutes today? Our little ticker was crack strong.
There is no reason in the world why this can't go parabolic tomorrow. Still can't believe AG Holdout finally piped up and took a step away from our cash cow, but the fact that he did mere days before the official and long-awaited divy record date...well, it's perfect. My morning bowl is loaded and my alarm is set. See ya'll in the rocket tomorrow.
$$$$MWIP long and strong$$$$
i forget...is it a good thing to have obvious pumpers on a board for a stock you have a stake in? what about one with a fake profile picture of some generic hot chick (by the way, i love how some on this board have engaged in various levels of flirtation with this one since "she" showed up...hilarious)? or does it signal trouble? i'm still relatively new to this small cap world of subterfuge, horse feathers, and fecal-splattered (non)information, so i'm honestly asking.
that sure was a swell magic trick at the end to make it green. thanks, mm's!!! increasingly, i feel like a powerless passenger on a ride being operated by carnies behind curtains. wee.
www.goldmanresearch.com/20130419360/Popular/nvlx-worth-at-least-030-today.html
Sorry, here's the link...
http://www.radiolab.org/2013/feb/05/
RAFF is probably not a person
RAFF is more than likely a computer program. I've posted this before, but I'll do it again...listen to this if you have the time (it'll take about ten minutes...it's the second vignette of the show). It's from an episode of Radiolab. If you don't know Radiolab, it's a killer show about science out of NYC. No, I have no affiliation with the show, but I'm a fan. Start the audio at 21:39. It breaks down the stock market and shows how most of the trading of stocks is done by computers. Since the show, I've viewed the market in an entirely new way. You will, too. Once you hear this, you'll realize that RAFF is obviously a computer program and then you can act according to that knowledge.
Here's some perspective...
Next time you're thinking about market makers and money runners and RAFF and such, you should listen to this. It might give you some perspective on what we're dealing with here. It's from an episode of Radiolab, which is an amazing, mind-expanding show produced by WNYC (and no, I'm not affiliated with the show, I just love it). This episode has a few different vignettes, but the one about the stock market begins around the 21:47 mark. It's worth your time.
http://www.radiolab.org/2013/feb/05/
It's so interesting to glimpse the psychology of the masses on this board. If the pps goes up, manic euphoria and infantile gloating ensue. If it goes down, it's the blame game and sophomoric lament all around. Stocks go up and down in the short term, people. It's how this house of cards works. So next time your synapses start firing emotions at you during a giant upswing or downturn, take a breath and look at the figurative forest...this stock is up huge over the past few months. The company's financials are finally coming around and it's in a sector with ridiculous momentum. And it's a small company right now...some days are going to fluctuate 10, 50, 100 percent in either direction. It's ok. It's healthy. Some people can't see the difference between a stock like this and any other penny stock, so they do their standard accumulate and dump. So what? Every time they pull the plug and take their pittance, the stock bounces and recovers like a heavyweight champion. There have been at least four major profit-taking attacks in the last week and there are going to be more...it's pennyland, man (for now!). This thing is a beast and it's going to take a lot more than shorts and daytraders to take it down. Buy the dips, stock up, and act like you've been here before.
I just started investing last month strictly because I felt that a cultural shift had taken place as it pertains to marijuana (Colorado and Washington being the tipping point) and I wanted to get in early on a possible pot stock boom. In studying the limited number of companies out there, of course I decided that emm jay enn ay was my favorite (actual products, actual profit) and I put about 60 percent of my initial investment into it. Thankfully I got in at entry points of .133, .152, and .12. In my exuberant naivete, I felt my best strategy was to accumulate and to just sit on my tens of thousands of shares for a few years as the company expands, as more and more levels of legalization occur...as I get rich basically. It all seemed so simple.
However, over the course of the last few weeks, I've been studying every ounce of information I can get my eyes on as it pertains to the market, charts, historical patterns, and the histories of all the companies I invested in. I didn't do too much of this before I jumped in because I didn't want to miss the train (I mean, look at Medbox, right?). Here are a few facts (please bear in mind that I'm not bashing, that I'm a stockholder, that I want to make money here)...
1. Companies very rarely, if ever, break out of the pink sheets and go on to be viable businesses.
2. Michael Llamas was once the president of this company. Michael Llamas infused this company with millions of dollars last year through Cannabank. Michael Llamas, although no longer with the company (as of September 2012) goes on trial this week for mortgage fraud. His departure from the company coincides with this lawsuit coming to light. He still owns millions of shares.
3. Bruce Perlowin founded this company. If you don't know about Bruce Perlowin, look him up. He's not shy. Although technically no longer with the company, he owns millions of shares.
4. Medbox has almost no trading volume. The day that it hit $200, 1470 shares were traded. The absolute maximum number of trades made in a day in company history is 54,000 and change.
5. Many stocks in the OTC markets are manipulated and utilized for gains by people with much more savvy, capital, and experience than me.
What to do with these facts?
Number 1...history could be made. Yes, it could. Dixie brands could be huge once they break out of just the Colorado market and this company could continue to see exponential growth. It's possible, but I have to concede that it's a historical longshot. Truthfully, I still believe in the products this company has and in the market to which it sells them. People like pot and people like having ways of enjoying it without smoking it. The market is there. The stuff will sell itself if it's put where it needs to be.
2 and 3...so the company has a shady past. Can a company overcome shady beginnings? Is it possible that there is too much potential here to get derailed by a few shysters? How do we know that the current company heads and employees aren't also shysters? I wasn't worried about this company at all when I first came across it, but now...hmmmm. Tripp is a damn good PR man, I'll say that much. What if the Llamas dude gets convicted and the SEC starts looking more closely into emm jay enn ay's money origins? I'm asking because I honestly don't know. Like I mentioned, I'm a novice with all this, so what are the possible outcomes? Needless to say, I nervously await the audits of the quarters when Llamas was president. Also, I wouldn't trust Bruce Perlowin to tell me what color the sky is.
4...the whole Medbox thing as a comparative tool seems dubious to me. It all seems like some weird statistical anomaly. I don't think we can use anything that happened there and compare it to this company's stock potential or any of the other companies in this sector. We're trading tens of millions of shares a day, not a couple thousand. If someone could explain the Medbox thing to me, I'd appreciate it.
5...there was an obvious coordinated dump around noon on Tuesday when we took that giant dip from the low .40's to .26 in a matter of minutes. And it went through the whole sector...CBIS, PHOT, GRNH, HEMP. It is encouraging that the stock has recovered nicely and established new bedrock around .26, but when's the next coordinated dump? How do we know that the next one won't crash it back to a dime or a nickel a share? I'm asking because I don't know. I know there are people on this board that have seen this before with other stocks. It's all just part of the ride, right?
In summary, I'm still hopeful that these stocks are going to make me money. I've just tempered my enthusiasm a bit and I'm not necessarily looking to be rich, just profitable. If I sold all of my shares at the open tomorrow, I'd nearly triple my investment. So do I attempt to play these hype swings, to guess when the dumpers go boom, or do I sit on my shares and hope that it doesn't implode before I have a chance to get out?