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The problem with this stock is it is in a sector that has tanked (hopefully returns in June with Washington) and has a management team that can't keep it's investors informed about it's operations.
They just opened a store Friday. You wouldn't know about it because they didn't announce that it had opened.
Obviously they didn't fail. This will be closing right where it opened.
SLNX 500 Million Shares Canceled!!!!
http://finance.yahoo.com/news/solanbridge-group-inc-announces-500-180100163.html
Running!!!!
500 million shares canceled is a TON.
Especially when you consider this has ran to .02 cents already recently.
No PR's regarding a store opening is fucking stupid. Especially for their stock price.
Why no second store announcement?
So does it hold .1 before the announcements start flowing through next week?
So does it hold .1 before the announcements start flowing through next week?
2nd round of pumps coming.
First round was CNBC, Forbes, INC.
This will be the second wave of news attention. This may be what this stock needs to run a lot higher.
We don't need much to send us up higher.
I like the fact he is coming out with this. CEO is paying attention and doesn't want the last few months momentum to die.
Pattern trading question
So i've got a question from some of you more experienced technical traders out there.
Can you apply bollinger band theories on trading to micros as well?
We have hovered around the lower band and now dipped below it. The moving average has pointed upward. We have a cup and handle formation.
If so would the bollingerband indicate that we are in oversold territory and ready for the next pop? Do macros not behave in such a manner?
Front page update.
Anyone notice?
just screw this trash.
Anyone with Level 2 see what caused this huge sell off?
Was it one big dump initially?
GD just fuck this.
I don't see where you see it hit below the 50ma. It's currently stacked right on top of it according to Yahoo. It's also sitting right on the lowest band as well.
We haven't had news in over 2 weeks. I'm fine with holding this until then if we go sideways. One story though is going to send this SOB into orbit.
How is that even possible?
For over 2 hours this stock trades perfectly sideways, not going up, and not going down. Even .001 of a penny?!
what is going on with this? Has it been halted????
I think he is referring to the other company?
I don't get it.
People with Marijuana stocks are selling because they are afraid of the SEC. This is one of the ONLY companies that has store front.
MCIG is selling for twice this. MCIG only has a vaporizer, and had HORRIBLE financials. Way worse than GRNH.
This company is opening a second store in the next week. Yet still going down.
why no updates?
This breaks out on the next news piece.
Quote me.
Or the fact CBGI just got suspended.
The Marijuana index hit a high of 9.604 corresponding to the day of the PHOT SEC suspension.
The Marijuana Index is currently at 3.84
The index is down 60.4%
LATF has gone from it's high of .014 down to .0051
Latf is down 64%
Again, YOU have done nothing to this stock. This stock is trending EXACTLY mirrored to the Marijuana index.
I've been saying this for weeks.
40% of this stock was shorted when the SEC announced the PHOT suspension.. This occurs exactly when certain posters starting trashing this stock.
IE 40% of this stock will have to be covered.
Look at the charts. We are sideways trading, with 40% of short uncovered. This means The Longs have completely stopped selling. Somewhere the shorts are going to have to cover.
If longs aren't selling, and 40% of the company's stock have to be bought in the near future- a short squeeze is coming.
You do realize that this business model has not aimed at the turtle wearing star bucks crowd and is aimed at truckers, working men etc. Those "Shacks" have some of the largest profit margins of any coffee seller of the entire industry.
How many penny stocks are able to buy forbes advertisements?
Say what you want. This is on a Handle and cup formation. Trending upward, It doesn't need much to send this bad boy running on it's next leg up.
Cup and Handle formation.
It's only a matter of time.
Shorts act as if they have been able to drive down the price of this stock.
This stock is down because of Phot. It's pattern mirrors that of Index. they have done nothing to this stock.
This stock will go up when the rest of the index goes up.
Forbes hit's press today.
Not that it seems to matter....
BTW.
Look at the 2 month chart. It is a classic cup and handle pattern. This stock has the handle now.
If March 10th was one Lisp of the cup, or the first upward trend, The second upward trend or the cup was completed on April 21st. We have now formed the handle.
Based on this formation- we should expect to see the "measure" + top lip = break out point. This would put us at a price target of .26 once this forms the handle and breaks out.
IE- The percent difference from the right cup (April 21st), to the low (April 1st), is around 55%. The cup formation would estimate that our breakout would thus an additional 55% of the right cup lip (April 21st).
The price target math based off the classic cup formation.
.16-.07/.16* 100= 56%
.56*.16= .0896.
.089+.16= .25 price target. This is slightly off because the "Cup" was actually higher (Just now realizing).
That is how HSA came to his price target of .30- for those who think he just pulled it out of his ass.
Take ownership for your purchase.
Quit being a bunch of cry babies here. At the price he alerted you guys, you could have made money on this when it was up around .17. So could I have.
Like you, I decided to hold on thinking this would run further.
No one here has any clue if the drop has started, or if it will start running next week. No clue. Especially not most of you posters.
All signs of this stock pointed north. Forbes, INC, a flurry of news.
We may not run at all and there may be a continued decline. I'll sell and take my loss here in a few if that is the case. Next week may have something in store for us. Who knows.
If this INC article is real, I'm not so sure that doesn't send some major shockwaves through this stock. I don't have access to the magazine. I would have expected an announcement of it by the CEO. Who knows, maybe that will come monday. That is the real reason why I stuck it out with this stock.
The last half hour it has stayed exactly at .1111
How is that even possible?
Someone is churning this stock for volume.
The first wave will be from online subscription readers.
Most of the run will be over by the time magazines hit the stores.
No they are not.
Forbes wouldn't bring in any new buyers because it was an advertisement to sell new franchises.
The INC article has not been published. This article is an in depth assessment of BCCI as a stock.
The only people that would know about the INC article before it comes out are those that follow this stock. When the INC article comes out, 700k new potential investors will see this company.
Panic sell before the pump.
INC article will be big.
The Forbes article was an advertisement. INC was suppose to do a large write up on BCCI and it was suppose to hit press this week. The magazine cover has Mark Cuban on it.
What happened to the INC write up? I thought it was coming out monday or tuesday?