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In for the ride at 4.16, GLTA.
I think this one is just getting started, It should run a few days, but who knows. We shall find out. My plan is to jump in in the first 5 mins if it seems strong off the bell.
Sold out at .08, happy with my profits. I should have made more but at least I didn't lose anything lol. Nice run, will be looking to do that plus more in a month or so again.
ugh should have taken my head out of MJ's bum to see the upside to shipping stocks. Could have snagged DRYS easily around 10$. Knowing myself I would have chickened out once it doubled but it touched $100 today and looked like it could have gone up even more. Once RSI cools down who knows maybe it runs again :p? GLTA
Comparing this company to its competitors DRYS, SHIP, TOPS, ESEA etc, the current RSI of 53, the volume traded, and how much little it's gone up already, I can see a good upside to this for the rest of the week. I am looking to enter a position tomorrow at the bell if it runs for a little bit. GLTA. Would cry if it does anything like DRYS did this week :]
I mean the RSI is almost 98 so it shouldn't be able to keep it up for much longer.
You have guts. I won't short probably until it's very clear...
Thought about shorting this thing sometime this week, glad I didn't today. Almost bought into the madness when it was dumped to 45$ but I got cold feet. Who knew it had the strength to double yet again lol......THIS THING IS A WILD BEAST.
Quick technicals I found out myself:
Support: .071, .0675 (first two are the channel supports, if we break those then we probably trade lower) and .06.
Resistance: .0785(yesterday's high), .09.
I think if MCOA wants to push higher it should stay above .071, if it's truly rising with momentum I would suggest that it does not even touch .071 today. Though, we could see it touching .071 if we gap up like yesterday and come back down to fill it. So most importantly let's hold .0675 and go forward. GLTA
Just curious, what period setting for your RSI do most of you use? I have been using RSI(14) which is the standard but I'm thinking of setting it lower to 10 or 5. Any feedback?
Price predictions for tomorrow anyone?
hahaha but I got caught with my pants down last week thinking like that. anyways GLTA. Lots of sells right before closing bell.
I mean that's what I want :] I bought back in because I believe it'll be another green day. But anything can happen tomorrow we all know that.
My guess tomorrow is a really nice 50% + gain day or red right away and a sell off.
why oh why didn't I buy back in at .03 when I had the chance ::::[[[[[[[[
MA(10) is .09 so I believe that's the biggest test next for MCOA.
Friday and Monday are looking almost exactly like the days before its run up to .195. I would be pleasantly surprised if that happens again but I am in no way expecting that.
Is anyone expecting a 50% + gain tomorrow?
I bought back in at .072 so GLTA. It might drop now that I bought it >,< happened before...
Threw in an order to buy 79k shares at .071 and the MMs hid it after like 1 minute on the L2 >,<
I knew that .06 price Friday was too cheap to pass up :]
Because I lost a ton of my profits last week. I personally think we consolidate more before going higher December/January so I'm looking to sell/buy short term to make some cash and invest for the long haul when the price drops.
Personally I sold out this morning and now I'm watching. Maybe ill regret not buying back in as I almost did but I am letting it play out. Thin volume atm for the second half of the first hour.
Started off nice to .065 then dropped down. I should have bought back in after the dip because we all knew it was going up. Now its near .06 and it's sort of a stalemate. Hmm what happens next?
Very interested to see if the MJ sector enters into a another wave up or if this was a dead cat bounce and we head back down. GLTA
Monday I am expecting a gap up for MCOA because it ran up all the way until the closing bell. Please no one harass me but I believe we are most likely seeing a bounce in a large consolidation period. MCOA got very cheap around .026 and it was bought up for the whole day which may continue next week for a day or two. But...I also think overall the MJ sector has been so gassed up that the "sell the news" damage has not fully been realized. I believe the MJ is up for a large boom again in December or January when shops open and laws go into effect as the media will be spreading the word. I am saying all of this because my account was over doubled early last week and I got caught up in the selling frenzy. I went to sell out and re-buy Thursday and I lost more and more. Stupid me >,< I came out even and embarrassed with myself. My personal opinion may not be right but with this post I am warning people to have AN EXIT STRATEGY. Hopefully I can help others exit their positions before incurring large losses like me. If you are a long term holder I believe you will most likely be okay depending on when you bought in and which companies. GLTA
I am following this board and this stock from now on. I really am intrigued by this company because it's now in the MJ sector, cheap PPS, has a game plan, low float and NO CONVERTIBLE DEBT(that's like so hard to find). When the dust settles this month I will probably look to invest a little into this one. GLTA
Bought into MCOA late in the day around .055. It ran upwards since hitting the low of .026 for the rest of the trading day which is a bullish sign. I still fear the MJ sector might need more sell off days before it resets. To be fair a lot of stocks lost 3-5x their value from weekly highs but will this be enough is the question. If the sell-off is done I see the MJ sector consolidating and dribbling down to a little bit above where the average stock started to take off. GLTA
Probably won't buy this stock until news or earnings comes out. I would re-enter on short term as a momentum trader but not long term atm. I think early December FPVD will release their last quarter earnings which will be important. Everyone will want to see what the August contracts were all about and how much they were actually for. This company has been very quiet lately and as you can see it has dipped lower and lower. MA(10) is .014 so look for that to be resistance. Another thing is look for the crossing on the MACD. I may enter back into this for a short term gain. Probably isn't worth the risk though. This company needs contracts, new products, new customers, news, and most importantly it needs actual earnings. We will see soon enough I think. GLTA
Okay that helps. So MCOA closed around .057 meaning it should open on Monday around that price?
Are you thinking it was an inside trade or just a regular person?
Yeah I figured it was an inside trade but I am trying to find documentation of this 1M trade.
1M after market trade at .04462 which hopefully doesn't affect the open on Monday because I bought in at .055 and that would put me down quite a lot....smh fml.
Bought in at the end of the day so if this drops hard Monday you can all blame me :[
tried to buy into MCOA just now at .05 and missed it, now its up half a cent >,<
Yeah we could see more green next week as people may view MJ stocks as cheap atm after being dumped. Time will tell.
I may enter MCOA at the end of the day if it holds steady. I still see lots of sells on the L2, as well as buys but it's pretty back and forth. I'm just worried this is a false rise before another hard sell off.
Still on the sidelines idk what Monday will bring...so confused atm..
Not yet convinced that this isn't a small rise before another wave of dumps on Monday. Still all cash right now, probably looking to invest back into cnab/mcoa when I am ready.
GRNH will settle around .05 for bit , trade sideways but this thing will be gold next year if y'all can wait for it.