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Odd indeed. It is tax loss season ...the volume feels like it's either tax-motivated or a margin call. Either way, I've been grabbing lots where I can. Chart looks great -- 4-month consolidation at historical support. Tightly-wound spring just waiting for a catalyst.
Thanks as well. Good to hear George taking the time to elaborate on his marketing and scalability models. fwiw I bought back in yesterday, once the fin auditing wraps, all focus goes squarely back on the excellent growth prospects here.
All the signs of capitulation: 4x ave volume, retail panic selling, etc. Got creamed holding into ER, but story seems intact (on precipice of major rev growth); fundies and technicals both scream buy IMO. GLTA.
PS. Expecting shorts to cover hand over fist during power hr. Too much good news on the horizon to risk a PR blitz early next week.
Ridiculous. With all the catalysts on deck, what in the world would compel someone to sell below .10?
CSTI w/ their fake lots and naked shorting is desperate to keep this depressed. Once commercialism and volume kicks in, they'll be the first to scurry off. Expecting a test of ATHs by Q4.
240k on the bid (right after 151k on the ask got whacked). Looks like we've FINALLY bottomed. W/ the largest q on deck, dangerous to still be short at these levels.
Today looks like capitulation...those ridiculously cheap shares were scooped up in seconds. This should lock in a floor. Crazy we dipped like this post-MIDS and w/ commercialization on deck. Can't wait until we uplist, OTC is wretchedly manipulated.
Agreed and hard to believe folks are selling in the .15s. Excellent entry point, now de-risked w/ MIDS, no dilution history, etc. Expecting the market to catch-up w/ the potential in H2...should be an easy double by year's end.
You kicked off your FUD campaign in April when RSI was still consolidating. Absolutely nothing "intangible" about their revenue growth and ridiculously undervalued fundies. By all means, short it on this bounce w/ an upcoming peak Stevia harvest, online store launch (July), CBD partnerships/legalization, INDs, etc; ton of catalysts w/ the potential to trigger a MAJOR and overdue run. GLTU.
Unlocking PPS value and double-digit growth isn't w/o cost. I trust mgmt's vision (though IR/PR needs to improve and today's a great start). With a TON of catalysts on deck, including the largest Q of the year, you'd be wise to cover.
Agreed. Doubled down on my position today. It's a descending triangle pattern and normally, I'd wait for confirmation, but I'm still ticked AF** was able to depress sentiment to these levels...on good/neutral data, at that. I believe in the tech/IP, tossing technicals out the window on this play. GLTA.
Last of the cheapies today.. Just touched major support of .15 from back in Feb.
Volatility works both way w/ illiquid stocks. Great R/R here. Looks like the balance of the .155s were bought up (in seconds). Up from here..
Been watching L2 for the last week and it does look like stop losses triggered; today feels like the same plus perhaps a tax day sell-off. There's major support at Feb lows and a rising 200 DMA, bought some more this A.M. Hoping for a high volume hammer by EOD. GLTA.
Looks like it was a bit more than 61k...all buys @ that lvl today didn't budge the amount..good news is the ask is extremely thin once we clear it.
Surprising someone is stacking the ask w/ 61k @ .183. We know it's not dilution so..
Self-fulfilling prophecy I guess...we had a nice base building above solid support and likely 1 or 2 sellers cashed out (and temporarily "broke" the pattern). Not worried, fundamentals (and Co's track record) too good here. Agreed, hope news breaks next week. We're overdue for an update.
Lost the 50 DMA, hope we close above it by EOD.. W/ the potential here (and lack of dilution), surprised to see those big block sells.
It also closed above the 200 dma on the daily. It has plenty of room to run... Incredibly small market cap vs comparable peers.
Support on L2 looks promising as well...very good chance we hit all-time highs this week (maybe even today).
I have my first resistance for GDXJ at ~23 (selling 1/2 there). If it can break 23.5 w/ volume, moving up my stop thru 25+.
Keep in mind junior miners don't always follow spot gold. The first sign of a true reversal in gdxj/jnug is when they rebound BEFORE spot (like today when gold was down heavy and gdxj went green after being heavily oversold).
Nothing's 100% but this pattern has been a successful trade for a cpl years now. gl.
Nice buy vol today, expecting a test of the 200 DMA (~0.094) this week (I think the CC is finally making the rounds). ER should be this/next week, correct?
AKAIK, there was very little to no capital wasted. Apparently, the HEMP samples from China were of inconsistent purity and some with undesirable heavy metal levels (rampant issue throughout China). To conserve CAPEX, the decision was made to focus on HEMP/CBD in the US, and particularly on synthetic until organic HEMP prices ease down.
Was VERY impressed by the call and George's commitment to intelligently scale value from EVERY subsidiary.
STEVstrong!
Guess we'll know for sure soon enough. What's so special about the 10,000 on the ask vs any other #?
What makes you assume it's dilution -- BMAK on the ask? (been watching L2 off and on this AM)
You'd think they'd let this run, esp given the dilution last year. Still holding, hoping for core biz-related PRs next week.
Only ~$1k traded at that level. IMO, all indicators point to a bottom.
Also could've been a margin call (plenty of folks got hit after the last 3 sessions).
Not sure if this LOI is still active (or graduated into an agreement), but...
http://www.stevia.co/industry_news/news_article/2012/04/stevia-nourished-seafood-a-novel-usage
"The stevia firm has signed a letter of intent (LOI) with Singapore-based seafood firm, Fish International Sourcing House (FISH), citing plans to distribute prawns and fish, nourished with stevia feed to global markets. A definitive contract is set to be signed soon."
As a post-mortem...
Can anyone explain why Russ released the long-awaited PRs (relaunch, CBD) immediately after the RS was announced....and not before?
Even if he planned to dilute into an RS, why not do so at a much higher pps, then announce the split? Still baffled by his decisions.
Can't argue w/ ya. RS immediately followed by two long-awaited PRs. And, hey, let's post the 2nd two hrs before close...why not. There appears to be absolutely NO strategy or planning behind the scenes.
Hope this turns around RS but I'm not impressed with his news/PPS mgmt one bit.
2 (Russ and his GF)
So, why did Russ wait until AFTER the RS was announced to publish the last 2 PRs we've been waiting for (relaunch of Lipigesic and Cannabinoid OTC)? WTH not do this at .002+?
Calculated dilution or just not PR savvy?
Do yourself (and the board) a favor and FACE REALITY. Based on the SS, there is is zero probability the RS doesn't get approved. "Controlling interest"...lol
Bummer this turned out as it did. I successfully swung PMBS once, then double dipped too hard a second time and got burned. GLTA.
Researching some great longer term stocks for http://t.co/m5YpkqzL3q subscribers, many thought I was crazy for buying $SGLB now a 30% win!
— Timothy Sykes (@timothysykes) July 22, 2014
Bipolar much?
What stops? The need for cash to keep up w/ a $500k mo burn rate? Fact is they're out of money at months end, so unless they ditch the IND (which would kill the pps all by itself), there WILL be a sizeable dilution event in the immediate future.
Agreed... Those transferred warrants are still hitting the market w/ no end in sight. The fact mgmt STILL hasn't addressed that 8k speaks volumes.