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Very Strong close. Hopefully it won't retrace once hitting resistance and bounce all over the 3's again like it did earlier this week.
Strong feeling it could be the move I've been waiting to happen. Scooby Doo I know your going to fully enjoy it with however many absurd amount of shares you gobbled up this week.
Better yet, better be his mCig hoodie!
Big Effing stall on their part. Joke show. Can't wait for next weeks pop
12:09:18 Last: 0.0027 Size: 911 Exchange: NNOTC
12:08:23 Last: 0.0027 Size: 911 Exchange: NNOTC
Is that a MM code for 'hey MM buddy's send me more shares', I'm running out at this price level.
Just had to point this out. Don't Feed no Trolls!
Maybe, crazy block buys. there was a string of 800,000 block buys there
Painting 4!!! Don't Feed the Trolls!
We stay above resistance 1 all the way to resistance 2 baby
lol - that has to be one of the all time great posts. new motto, don't feed trolls
Anyone see that 80 paint there for a sec and then jump down to 73 lol
About to break first resistance at .039, seconds at .048
Actions tapered off last 10 minutes. could be the calm before the storm. Everyone's locking up their shares and price will move one way or the other so the MM have liquidity
Scooby, great write up bro!
That's all in addition to the fact that they're getting money for signatures for the MJ vote in California. That in itself is enough money in revenue to propel this forward. Exciting times ahead
I want to see that .025 painted!!!
Last ten minutes, and their painting the bid. We need the ask slapped to close even
lets see if we can get a few more prints EOD
Need 2/10 of a penny higher and we start setting the trend for a new level of support. Will take more close's to confirm, but a good start
Jesus, talk about cherry picking a price point guy
Bid lot size is really weird. You never trade in uneven lot sizes unless your an idiot. 141,333 common dude. That's the trader that goes in and calculates cash onhand for shares.
Fully agree. This is consolidating really healthy. Resistance is at .039 and the next major level at .048. Support is down at .01 based off of the last major pps run. Should be established in the 023, .0245 range based off the next couple days of trading if the current close's stay within the range.
I'm very excited to see where this goes over the next 2 weeks.
Here's my thoughts: I'm looking at the potential of MYRY right now. They have CC online, created a rather dubious website to follow the market of Bitcoins this week and stated their looking in the MMJ sector. Right now we're waiting to see how this MMJ part plays into CC and the rest of their business plan. If it doesn't, which one cannot make any correlation to how it will at this point, we're in big trouble.
That being said, I'm very interested to see how the whole picture will turn out. More news, more traction from retail investors, and this could be a very fun investment to be in. You can't see the grand design right now, but will be available shortly.
What news radar's, can you explain more?
Consolidation Day: I wish I had the RSI, MACD, Accumulation lines to post right now, but after the run of last week this is definitely a consolidation day. Yesterday was a test to see if it would run further. It has peter'ed out for now.
But this is really healthy for it to consolidate. You don' want a parabolic upward curve, it'd be anemic at best unless your a flipper. Let it give back less thank 50% of the recent move and we are gearing up for the next upwards push. With only signatures for revenue, with the share structure, your going to have a move. It's not a matter of this week, but the move over the next month that counts.
Bingo! "As the website user base grows, we will continue to add additional features and filtering, as well as our future planned introduction of other crypto coins." - From the most recent PR
This is something I believe the community here has been expecting and will be very excited to see implemented. Cryptocafe will be tied into all crypto currencies!
I would still like to see a video on the webpage about how easy it is to use cryptocafe. Kind of like a tutorial, and a significant ad campaign to grow the sites usage. The number of postings for items has grown, but it is not as impressive as I would like it to be with only 95 postings in total. We need that to increase 100 fold or higher to even begin to anything substantial.
Yes, totally agree and here's whats needed:
1) Not a fluff PR. The last PR was already known information, Bitcoin's having trouble because Mxgov going down. It should have focused on the ability of cryptocafe to trade in ANY virtual currency. Fact is cryptocafe only has items for purchase based off Bitcoin, they needed to explain this other side and distance themselves from bitcoin but still be in the bitcoin field.
2) State the number of items lets say that have been posted and actually been sold through the website; say over the course of the first week of launch, which would be nice to know say next monday or tuesday
3) Any new interface designs for crptocafe. It's alright to navigate as a page, but in the sign up portion I got lost reading all the fine print. People's attention span is a whole lot less then what it used to be.
4) I know it would never happen, but why not host a conference call for investors. The CEO could take 30 minutes and it would generate a lot of hype. It could just be a call talking about the dynamics of cryptocafe. You could sign in and he could direct one through a layout of the webpage. Simple yet very effective.
Raptorzion,
I know the feeling, I averaged down a bit. I thought the website would have been a catalyst, instead we're bleeding. There's more press releases on the way, they need to have substance in them. Hopefully something positive towards revenue
Bid-Ask spread is huge right now. I like cryptocafe and hopefully we will have some more news soon to reverse this downtrend
Thanks Bsav, I agree there is a lot in the works that can't be disclosed yet. The outline of an artists masterpiece is there, you can only see 1/8 of the piece yet.
The main thing I want to see is bid support in the form of volume. We had it 2-3 weeks ago. We had day traders, swing traders, and not just longs actively involved in the picture. A lot of the float is locked up by you guys, but you need the interest of these other traders to create momentum otherwise MM's will just keep bid whacking this puppy lower. When I say this I am just looking at the short term, I'm very narrowly focused with blinders on as I wrote this paragraph, but it would be nice to see. As I stand though I am long.
It's day 2 of the website launch. You have to understand that MYRY has more business angles than just cryptocafe. That being said, I took a print screen of the listed items for sale on the left side of the page early yesterday. I am taking a print screen of today's listed items. Today has significantly more items up than yesterday. It will be interesting to see how many are posted up tomorrow.
I really found one post interesting today. I can't remember who posted it, but they stated that the last couple of milestones for MYRY did not create a significant pps increase until about a week later. We know there is going to be more PR's coming up, it stated this in this most recent pr. At this point it's all a wait and see how events unfold, because it should get interesting.
And one more thing:
Why would he reverse split when he just gave us a dividend in the form of vitacig in order to reward shareholders. He could R/S, but MCIG isn't there financially to even meet the requirements to uplist to a major exchange. Far better an option to grow the pps and get there overtime.
This is the first time the CEO has stated his vision to have MCIG on a major exchange. Duh... This is the goal of every otc stock. He didn't even need to state it for one to ascertain that would be the goal. He's trying to grow shareholder equity and at the same time not cause dilution.
If you think we're going to be on the NASDAQ overnight, next month, the month after, you're dead wrong just because he stated it. We have sales, and the ability to forecast the share price into the future is nonexistent at this point because we haven't had any financials reported.
When they report their first quarter, it's not going to look good, because it will only have the sales of their version 1 test pilot MCIG. To get a clear picture of where this is headed you will have to wait for Q2 and Q3 to be reported. Until then its all hype, and good hype because they're selling fast.
Hey all: never got to say thank you for welcoming me to the board. This is probably one of the only boards where people actually do that. It's always a pleasure to read the posts up here.
Quite frankly: there is no bid support right now. 42,000 in volume and its down 5%, it's a flat out joke really. I think Bsav and coolerheadsprevail really pointed out what counts:
"I am presuming that although you threw out some monthly revenue numbers that are nowhere close to representing what SCRC itself gets to recognize and report in its financials, your post was not so much what those numbers were, but simply that those numbers are increasing, correct? "
Everyone can confer that ultimately the revenue numbers for SCRC are increasing. The big thing I have is the ammount revenue is going to increase is all a ballpark figure, and the timeline to get rid of all the toxic notes is the same. We don't know enough at this point to create an accurate picture. I look at the notes as someone who constantly refinances ones home, they're never going to get ahead. So the main question for a lot of investors at this point is (The ones that don't post here, etc etc etc) is: Can I get a better return short term vs. elsewhere. Once the swing trader, day trader, and everyone in between is convinced you won't have the bid support to move this higher. What I want to know is when that will come.
My tidbit:
It's day 2 of the website launch. You have to understand that MYRY has more business angles than just cryptocafe. That being said, I took a print screen of the listed items for sale on the left side of the page early yesterday. I am taking a print screen of today's listed items. Today has significantly more items up than yesterday. It will be interesting to see how many are posted up tomorrow.
I really found one post interesting today. I can't remember who posted it, but they stated that the last couple of milestones for MYRY did not create a significant pps increase until about a week later. We know there is going to be more PR's coming up, it stated this in this most recent pr. At this point it's all a wait and see how events unfold, because it should get interesting.
Jasper -
Your hit the nail on the head! The dividend is one potent short term catalyst. It's free money! And as a whole owned subsidy it should follow closely to MCIGs pps. If MCIG gets any sort of retail agreement, I'm talking anything remotely big, everyone here is sitting real pretty in both.
So let's theorize here for a second: Let's assume someone bought 100,000 shares of MCIG. Vitacig comes on the market trading at a penny, thats a free 1K. Opens at 10 cents, thats a free 10K! Ridiculous if it plays out
With all the negativity SCRC has held up in this range really well. As for the convertible notes and the price pump & dump that transpired last year. That's all last year. The problem is that last years transpired events are still effecting the pps. Once SCRC shakes this, you will see a general uptrend if volume stays steady just because of the large holdings retail investors here have accumulated.
This is turning out to be rather healthy consolidation after their recent doubling in stock price. I have my price point set in mind, and bought some more at this mark.
Board could use some more follower's, but volumes churning well.
COSR
Question about Vitacig:
I've been here for a bit and the purchase agreement is absolutely stellar when you consider that the CEO will be retiring 5 Mil of his personal shares creating zero dilution in this transaction.
What I haven't been able to find and if someone can enlighten me as to where to find it, is the fact that I read from an earlier post that every shareholder of MCIG will receive one share of Vitacig as a dividend so to speak. What is the effective date of this etc? There is no 8k filed yet backing up this purchase agreement in their SEC filings. I'm long in this stock, but just can't find the clarification on my own. Any help is greatly appreciated.
-Volume the highest its been in the last 3 months.
-MACD reversal looks to be in the process
-Money Flow above 50
-RSI just broke 50
COSR