Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes we did and made $5K at it. If you understand how to play these type of stocks you would too.
I do look for it to go up tomorrow, but the earning will determine that. I did also take a small long position at the end of day at .29.
Let's see what tomorrow brings.
Yes, IDOT....875,000 shares @ .026.
We can learn here how to bust a run
Understanding what is going to happen to PMCB.
There are investors and traders. The investor will hold this stock and the trader will try to get short term money from the ups and downs. There are several pieces of news that will drive it. The IND being submitted, the approval from the FDA to start clinical trials and starting the clinical trials. From there it will be 6 months until we get a report on how they are going and about 6 more months at best until FDA approval. There will also be news on the diabetes front throughout these times.
Each one of these spikes will suck in the traders and they will short the stock and put in money trying to ride the spikes. Each of these trades will be 1-3 days and they will drive the PPS. Don't misunderstand these swings as people not believing in the company. They are technical traders and they are only looking at the charts.
If you are an investor, you will hold one or more of events, whatever you are comfortable believing PCMB will make.
This is just my opinion!! I am and investor and a trader, so I will play both sides.
The reason is simple. The price has hovered around .06 to .07 for a while and anyone that wanted to get out is out. What is left now are sellers willing to wait for the boom. And that is coming very shortly in the future.
There is another stock (CNAT) that just got fast tracked 2 days ago. I am reviewing it now to see what the FDA timing is on filings versus approval. That should give me some guidance on the IND to FDA approval time and maybe some guidance for my trading. I want to look at there history and news to see what I can expect on PMCB. If I come up with anything I will post it here.
Sure every stock gets manipulated. But it is not extremely volatile. Look at some of the other plays out there where there are 20% to 500% swings every day until they crash. That's manipulation!!
We are waiting for news of the trials starting and until then, it may drop a little or gain a little, but when the news comes, it will skyrocket and the longs will be smiling.
This is a real company with a good product. If you don't believe in that, than you need to get out and play some stocks that really swing where you can make big gains. You are not going to gain by playing this stock which may drop or rise <2% per day.
Look at your own investments. Would you want to buy in when the price is low or just after the company made a major announcment and drove it higher?
Pharmacyte gets no advantage by releasing a PR that Austrianova got the GMP approval. If the stock price goes up, Pharmacyte makes no money. Investors that sell are the only ones who make money. Selling unreleased shares to investors is the only way for Phamacyte to get money for operations and they cannot sell those if they won't go up in the future. Look at what KW just sold, it $1 million at $.12, twice the current price.
Austrianova on the other hand, wants to sell their manufacturing to others and that is why they released the GMP results.
They are also putting the IND application together. They would not do that if they knew that the GMP failed. Another words, would you put in a drivers licence application if you were blind and had no chance of getting it. It would be a waste of time and would serve no purpose.
I don't chime in much, but I think it is needed here.
Anyone thinking they did not pass the GMP is not putting the peices together.
1. The site is saying they are GMP.
2. KW is meeting to get the IND together. He would not be doing this unless the GMP passed.
3. KW is still trying to raise money and if he announces GMP compliant, the stock would drive up and it would be harder to raise money.
I have a substantial number of shares and would love it to double, but I want the clinicals to start. That is coming in the very near future and I will wait.
Just my humble opinion....
I hope it goes down some more. I need some more shares. I wish I had another $50k to put in right now.
I am waiting for the 100x increase from here before I even consider selling anything.
And it is coming........
Revenue will make the stock go up, however, that is hardly the only thing that will make very large gains. Let's list them:
1. Starting 2B trials will bump it up and should hold barring bad news.
2. Starting TD2 trials will bump it up and probably won't hold it until results are totally in.
3. EU and Australia orphan will bump it up and drop again.
4. FDA Fast-track will skyrocket the price and will hold barring bad news from the field.
All of these will affect the pps and will not generate revenue. There are also up-listing to NASDAQ or a buyout which will up the pps.
I am long here for all of these reasons. This is not a pump and dump and this company really does want to make it. If they do, we will profit, and if they fail, we will lose.
They are not just trying to play us like many penny stocks do.
The reason we play them is that I can enter this stock at .0003 and sell it in a day or two at .0006 - 100% return. This particular company has issues with income, but since I am not in it for the long run, I don't care. The only thing that matters is it's volatility providing me with profits from the stock price fluctuations.
Most of these stocks are really not scams as much as they are that the people running them don't have a clue as to how to make a profit or run a company. If you look at statistics you will find that most penny stocks (99.7%), never make it above a dollar.
There are 2 ways to look at that exchange. When he asked about the SEC, that is a tell.
1. Nevada wants to be first and establish a public traded company growing and distributing MJ.
2. They are afraid the SEC will shut them down before they get out of the barn and they will deny it.
It was hard to tell which way they were leaning. So either Tera Tech will get both or none. Of course your thought of the board members owning stock has merit as well and they would get both.
It's a bet and Nevada is the best place to make such a bet. Seeing the body language, tells me that they really liked Derick's presentation, so I will bet they get both of them. I would give it a 60/40 change of getting both, but I suck at gambling (lol).
I am impressed with Clark County's IT department. It's a better feed than most that I have seen. You can actually get good information from it. Very non-typical for a government agency.
I hope it does go into the teens. I am just about ready to get more shares before it skyrockets.
I'm glad to see that you all are finally getting it. There just isn't even close to enough income to support the business. If you read the web site and looked at the ad costs, you would come to the conclusion that there is not enough business to even support a .001 pps.
Get what you can from what you have left and buy into something that has a business that can grow. There is a lot of them out there. This one is going no where but down!!
Interesting article from SA. It talks about the trading procedures after a suspension. There is one stock, was suspended 12/13/13 and is back after getting an MM to list them again (MDDD). So it is possible. Whether it happens or not, is the question.
http://seekingalpha.com/article/2169153-making-your-way-in-the-dark-for-growlife-and-advanced-cannabis-longs-and-others
There is a second article which compare the 5 recent suspension in the MJ sector. An excerpt from it is
Take what you will from each statement, but the SEC has not seemed to question the operations of either CANN or PHOT. This is not to condemn any of the above companies, but there is a stark difference and specificity to each SEC press release.
The SEC definition of an affiliate "is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer." Therefore, any large shareholder, and not just management, could be the person who triggered the SEC investigation.
Full Article
http://seekingalpha.com/article/2169183-recent-pot-suspensions-the-fate-of-advanced-cannabis-solutions-and-full-circle-capital
That is an interesting observation. Sterling may be telling the truth here, but no one really knows. Hunt dumping his shares still bothers me a great deal.
I guess the actions they take in the next week or so will show us if they want to try to revive the stock, or if they just want to dump it.
Of course the volume is down. First day after suspension will be traded very heavy and will be down. I must admit, it went down less than what I thought. I figured around it would land at about .10. That tells me that it is stronger than I gave it credit for. It seems to have stabilized .21 to .25. That, IMO, speaks well for the stock and the strength. It is also about where it should be IMO.
One good PR stating it is buying some new stores or a board member BUYING some shares or something else that says they are moving forward and this stock will stabilize around .30.
I did buy back in below .20 because I do believe it can turn around with the right moves. But we shall see!!
You know, at least they have a brick and mortar business and do sell products. Hopefully a profit someday as well. Compared to many of the other MJ businesses, PHOT does have a better business.
On the other hand, you do have a pesky little thing called an SEC suspension.
It's a tough choice which way to come down. I, myself, took a small position today under 20. I am going to wait to see what happens now. If it goes down to 10 I will have my answer and won't loose a large amount. If it goes up, maybe I may strengthen my position.
Everyone needs to decide what they think. There are many stocks that may do well in the MJ industry, and some that won't Just do your own DD and decide what is right for you.
Wow, that is a very pretty chart......
It is also totally meaningless, because the product, the Web Site, is really lame and did nothing for investor confidence. That's the issue that is driving this mega dip.
.0115 high to .0068 means the investors thinks the product sucks, regardless of what the chart says. What we need is a chart that factors that in......JMO
This is pennyland, common sense does not apply....LMAO
Doesn't anyone get it here. It's not shorts, or people looking for cheap shares. It's lack of a valid product.
Someone said it's a good day trader stock and they are correct. Very volatile. Buy low and sell high before it goes down again.
Look at the business structure and do some DD. IMO this is not a long stock to be in until there is more. The advertising prices they advertise on their site is very cheap (little income). Go to Yahoo or Google and search 'marijuana news' and you can't find potnetwork anywhere (no traffic).
As a long term investor, I need to see income or things in place to get income like high traffic. Otherwise, it gets sold when I make a good profit.
Being cool does not make me money and that is the only reason I invest.
Maybe some where in the future, they will come around, but it's not today.
Add revenue has nothing to do with it, it's all PR that will drive this up. If anything the ad revs will drive this down further. Look on the site and do some basic calculations. If you get 20 ads running, that won't even come close to covering 10 videos a month.
Look at what you are buying into.......Where's the beef!!!
Because the website video is so lame.
Well, what I will do Monday morning is monitor what is going on here. I will not be investing at this time. I am not impressed enough to do so. I am sure that the price will jump up first thing, what it does afterwards is why I will be watching. I am curious.
And I do want all of you to make money here, no joke. I did not say what I did to bash the stock, just to give my opinion that it was not impressive enough for me to get back in. I did my DD and found it lacking for my priorities. If it fits within your risks, then go for it. I hope it goes to $10 for all of you.
Well, I am very disappointed also. 3 Minutes is not just enough to justify a hyper jump in price like everyone wants. I got out Thursday and made my profits because I was afraid something like this might happen. Two ways to look at it are:
1.) The web site is up and the PPS will skyrocket.
2.) This is really lame and the PPS drops fast.
It will be interesting to see what happens tomorrow. I am hoping it goes up for all the investors here, but I think it will drop.
Don't feel bad. I made 6x my investment and I am happy with that. Like another message said, if they don't have a good startup Sunday, then Monday will be a very bad day. If they do, then it will be a good day. Either way, I am a lot richer. I am happy to see how it goes and maybe jump back in.
I am out of here guys. I sold out today for 6x my investment. Yea, I'm a wimp ..... but I do wish you all the best on this stock and I hope you make the $ you are looking for.
Make money and have fun!!
You guys realize it is tax day and this happens every tax day, look at the history for the OTCBB. Everything is down, BPIGF, down 67%, ERBB down 20%. The OTCBB took a big hit today.
This is play money in the OTC for a lot of richer people. So if you have to decide where to get the money to pay your gains, will it be from more stable DOW or NASDAQ stocks or the risky OTCBB.
TAX DAY = TAKING MONEY OUT TO PAY THEM
I think that's what is going on with the OTCBB
So the treasurer just bought another 100K at .58
Now that is a good sign!!!
What's wrong is easy to understand; "Misleading Financials". When you pay the board in shares at par .02 and the trading value is over .50, this is misleading. If there was 2,000,000 shares paid to each board member, each expense was $1,000,000 and not $40,000 as they claimed. That changes the dramatic increase in the bottom line that they claimed.
I actually think that the straw that broke the 'PHOT's back, is the insider sale that should have been filed in 2 days and didn't get filed for 8 days, and then only after they shut them down.
While a lot of people lost a lot of money, the SEC may have done the right thing. I am still up in the air about that one.
I got out of PHOT about 2 weeks ago, but only because I wanted the money for another investment, not because I saw this coming. I always thought they were one of the safest MJ stock to invest in and my intent was to get back in on a dip.
Doing it right means doing it on time!!!
THAT IS PART OF THE DELIVERABLE.
I don't want to be a party pooper, but there is very little revenue stream at UTRM that I can see. Look at their price structure for advertisers. It's $800 a month for the top spot. How many are they going to need to support a $40M market cap, and that's at .007 pps. I would love to see it go to .05 pps, as I do have a position here, but I just don't see any justification for it. IMO it is a total PR game that will move the stock and not a business model that will do it. This is why making the 3/28 date was so critical.
Please don't interpret this as a busting post. My intent is to see where the actual business (making money) is. If anyone has any other information to open my eyes, please let me know.
Agreed!!!
Just give me rules and I will figure a way to use them to my advantage.
It's computers trading stop losses. When the last trade goes below you stop loss, it will kick yours off to sell. That is the way it works.
Guys, just chill. What happened is easy to understand.
Buy some shares and when you know something is going to happen, look at the level 2 and set it to sell below a lot of the stop losses that are posted from people that don't want to loose to much. It will cost you 2 trades (e*trade=$20) and a loss on your shares.
Now if you bought 1000 shares at $.0120 the total cost to you is $32. Then you effectively dropped the price to $.0080 where you can now buy 10M shares at a cheap price because all of those stop losses have kicked in.
We all know that this thing is going up to .015 minimum and probably .03 by the end of tomorrow. So they can sell those 10M for at least a 50% profit and probably more. Is it manipulation,,, yes,,, is it legal ,,, yes. It's actually kind of smart.
I don't need the money for my shares today. I will wait until it goes up, then sell them. So I am good to go here!!
DD as follows:
Jan 23 bought in at .0018 600,000 shares $1,080
today could sell at .0065 for $3,900
That DD works for me
Things are heading in the right direction.
http://www.theweedblog.com/florida-medical-marijuana-bill-passed-unanimously-by-house-committee/
Question / Opinion ??
With the upcoming merger, which stock holder benefits more?? AEGY or SKTO.
is 31% of shorts a lot?
I looks like a 10 day MA for shorts percentage is about 35%,33%,33%,34%,35%,35% for the past 6 days.
Going back a month it still hovers about 33-35%
Running PHOT, FITX, and others, the results are similar.
So no, 31% is not a lot, it's actually a little light.
It's still showing 5.5B on all of the sites. So if they don't file an 8K, how can we verify it's been completed? Where do the reporting sites get their info for how many outstanding shares there are if they don't file an 8K?
I would assume that something needs to be reported to the OTCBB.
Trust but verify!!!