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.
The quick rebounds happen when it hits new lows for no apparent reason other than overselling. This went down for specific reasons, that's why it's down and holding at these levels. It's the new "stand by for news" price range.
I don't know if anyone has looked at this this way already, but considering the cannabis sector has been down more than 90% of the days this year, people investing in it are looking for what's good and what's real. When this company is current with OTC and Budlife launch is official, even if not until the next few months, people will flock to this stock because most everything else has dropped too much while this PPS has been holding gains even after it dipped to .13 (up from .025 low). Basically I'm saying this stock is going to look attractive to more people than we think and likely to be overbought once it really gets going. And if it moves a lot while the sector is still in downtrend, even more buyers will come. I believe cannabis storage is a much bigger deal than most people believe.
It looks like it's gonna go up every day, more people discovering what's going on and the ones already in are buying more out of anticipation. Anticipation is a powerful catalyst in all OTC stocks!
Hope this doesn't go up any more today, because tomorrow I'll be able to slap the ask for 25k more.
Ok thanks, I do not use L2 data. Does that mean dilution?
What exactly does it mean or what is actually going on when the ask is at 10,000 but won't go away even with multiple larger orders than 10,000? Why is it not stacked to what is actually is? Why are fills 10,000 but it's not going away?
IMO I think both of you are wrong. This stock moves with volume and anticipation of great things coming, but also sticks to strong technical indicators pretty nicely. Since no revenues for minimum 1.5-3 months, that gives a large gap of time between anticipation of anything. I think it will start to move significantly as time progresses into April, maybe a boost with a nice PR. It's entirely unpredictable till more time passes or something happens.
I don't think they are concerned with the share price or stop sign right now. They know that's changing with the company and revenues, I'm sure they know how low the share price is and see multi-dollars in the near future, then they will be more concerned with the price holding in the dollars I think.
Almost forgot I have a way to get money fast, and that my E-trade allows me to buy instantly. Just funded my account and bought another 10k shares. Now I feel comfortable enough for it to go up or down. Buying more on Tuesday.
I really hope the price stays down under .20 until my funds clear. I have a large position but I want to increase it by 30%
I think "shorts" is just a nickname for bears, or traders that think the price is going down and waiting to buy cheaper.
I think we will see more green tomorrow but probably not much. It's definitely coming though, hopefully sooner than later. Highly doubt this stock ever goes under .17 again, if even that.
Yes I agree, but right now times are bad and people are scared. I'm largely basing this on how the 3.5 mil bid at .017 got whacked within 10 seconds a while ago. Really though we had a rally going to .019 area.
Today I think slightly lower is likely. Tomorrow a little lower followed by temporary rally not over .019. Then slowly a little lower until news hits. I don't think it goes under .01 ever again, maybe not under .013. All guessing though it really depends on so many factors like the overall sector, company tweets, marijuana news, etc.
This looks very bad for short term, looks great for coming weeks into.
Wow, all you guys have slow trigger fingers huh?
LOAD UP BOYS HERE WE GO
Don't you know that after you sell stock, you can buy it back again? Oh, you probably just have a cash account and have to wait 3 days for settlement. There's something called margin, it allows you to buy and sell stock freely, but you need to have an account with at least 25,000 to not have any restrictions.
Statistically speaking, we will close high like the past couple trading days, I'm guessing around .028 again. News will most likely be released after market hours, and people know this, so more buying than selling toward the end of power hour.
Torez, after this run looks done, I think it's best to sell most of your shares, and buy more shares of OWCP you have ever owned before at less than half the cost (around or under .20?). Sit and wait for RSII to come down from crazy high prices while sitting safely on OWCP. If RSII comes down a lot, sell half owcp shares, buy more rsii.
How many people actually really care about the legitimacy of a company and/or their products? What people really care about is putting money in their bank accounts, saying where to put your money based on how good a company is really doesn't matter. Bottom line, how much money are you putting into your bank account? That's all that matters in the stock market. This company is up 250% from it's bottom only a month or 2 ago. So, as far as putting money in the bank goes, it's the opposite of a turd. You know what company is a turd right now (again, as far as putting money in the bank goes)? Owcp. It's a turd that drops and keeps dropping, and most likely it's gonna drop again to a new low before it goes up. Again, all that matters is putting money in the bank, timing is more important than beliefs, logic, dreams, hopes, whatever.
Fidelity rep said stop is not removed yet so they still will not allow buying SGMD. He said it could take a couple days. Anyone know when SGMD will be current with OTC markets, should it be now? Today, tomorrow?
More info on BudLife and an unofficial estimate on possible profits from it this year if it's proven effective. And where it can be purchased online. Amazon maybe? Any large deals in the works for bulk orders from large companies? Everything you can suck out of their heads about what is likely or possible. Obviously there's very high hopes for it, but details on that would be great! Thanks!
Looking forward to hearing about your experience on Thursday
Fidelity Users: I called Fidelity and put a request to evaluate the stock and remove the stop. Should be done tomorrow morning before market open assuming they decide everything is in order to remove the stop.
10k posted. Wanted to be the first to say it! Woo hoo lets take a look.
Well with the volume that's soon coming, you're gonna have to come up with a much stronger word than nuts. I consider today's volume "good" at best.
No it's not nuts, it's about medium-low volume. 100 mil-500 mil is nuts range.
I'm pretty sure there is dilution again.
Why do you think so late in the week? I'd say that's worst case scenario.
If recent information gathered personally by individual investors is true. then I believe the most likely time the fins will post is on Monday, my guess would be after market close.
Large spread, consistent low volume, not much interest in putting up bids at .0185, probably gonna take a dip soon, but hopefully it closes above .019.
Well then I'm a pyromancer because the way I play with fire made me over 400% last year and I'm currently on track for making 600% this year.
No I don't gamble.
If you're long, no need to worry, there's almost no way this isn't breaking .022 resistance soon. Just likely not as soon as you think.
Didn't miss cheapies, in fact I have been timing the fluctuations nearly with perfection since .0078. Also I took out more than 1/3 of the 3.2 mil ask at .0132 when FB post came out. Also sold most of my shares over .02 yesterday and bought them back at .0176 and under. Now I have reduced my position significantly today over .019 and really counting on another dip to load up. The lower it goes the better.
Because the entire sector is down on low volume. RSII is low volume too. Also, being close to .02 is high price with resistance only 5-10% higher. Most importantly, no guarantee of PR on Monday, the FB post said next week, that give a lot of time between now and the PR for price fluctuations.
This is definitely going down again before it goes up. How low though? My guess .015
We are not even at the middle of the hype phase, it just started. People don't want to sell this under .02. I was thinking we'd dip down to .016 again like yesterday, but not so sure now. Kinda risky to sell too much at this point, everyone knows there is something positive in the works based on the recent tweets. Stocks like this that move on low volume move big time on hype and news both of which are just starting.
I was mocking gap filler nonsense, noted down on my post