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Crank this up while watching price
This has to go back down to .011 because it left a gap. Can't possibly go higher until the gap is filled.
(mocking of course)
Sorry wrong board! Ignore that
20 mil volume is still low. This thing can really fly with the upcoming PR next week. Anyone wanna sell?
That's why the price is under 1.00, lots of people with lots of skepticism about everything to do with financials.
Right on! These confirmations are great. Wish he had told you by end of this week, but hopefully he was being extra careful just in case they are not, for all we know they intend to release it tomorrow or Friday. The wait is almost over. Thanks for your DD!
Anything that was said is speculation and assumptions. All we know for sure is what the PR stated, that the year end audit was completed, and they used the word "in preparation for" filing and other filings. I'm guessing they are getting them ready to file along with revenue guidance numbers. Yes, another delay I guess. Why? No idea but they would not have put out that PR if they were not going to be filed very soon. Patience, any day now.
x100xPercent
Just to be clear, they did confirm or are you awaiting a response? Thanks!
Everyone's saying .03, .05, 1-10 dollars. How about 1.5 cents first?
This is a real company with a real product, they will put out real news on the real news wire when it's really available.
Volume is still so low!
This is extended version
Listen to this while watching the price
Yea and they're letting us know things are getting done, they are working, unlike OWCP which for all we know they're all sitting on their asses waiting for the patents and trials.
I don't know what the deal is here, why is volume so low? This stock under .012 is excellent timing right now? Gotta be running up 15-30% at any time! And last couple days, weak bids sub penny, I don't get it!
A few weeks back, someone posted about a response from someone at SGMD about budlife, and they said they will release the product and news about it when they feel the time is right. I like that response, because I believe they know it works as they say, and they need to be prepared and ready for the orders they'll be getting on it. If I were the CEO, I would definitely want everything to be under control with everything else before releasing the kraken. I say that because I have a feeling it's going to be in very high demand and sales will be through the roof.
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Crossing my fingers for financials today, although obviously that's hoping for a lot.
It's not a big deal, I just choose not to post about it at this time. Happy to email you for your opinion on the matter.
Haha thats funny! I actually haven't had any shares of that for a couple weeks, I'm not really an investor, I'm a short-mid term trader, I wait for prices to go down just as I wait for them to go up. And yes, this is going there.
josbor8 I emailed you, waiting for your response and opinion
Someone was, I'm trying to make an appointment to go today or tomorrow, left voicemail with the appropriate party. I will report what I can after I go.
Haha it's not about faith, it's about buying low and selling high, nothing to do with fundamentals or people or even the company itself. This is OTC markets and all tickers can make people money nomatter what is going on. People dumped big time, and smart traders are taking advantage of the fear, impatience, and stop loss triggers. I myself got a bunch of shares at .2235, it's all about timing a ticker for quick in and out money. Being overly positive about the long term and focusing on short term volume and fluctuations really makes no sense.
Fidelity rep told me once they review it, maybe an hour or 2. I am contacting Fidelity as soon as they are current.
Thank you, but isn't it unlikely they will post during market hours? I'm still wondering which day it's likely to be posted. I'm guessing today after hours since the PR was issued today.
I wonder what the chances are of financials posting today after hours? Audit is complete, and they are finalizing to submit them, then SEC needs to review and approve or what? I don't know. Does anyone who knows about this stuff (maybe you Mr Osborne?) have any estimate or time frame they will likely be posted?
I'm betting that rally is done, and now this is going to trips within 2 weeks.
That could easily happen with another company, not this one because it's all legit.
Thank you E-trade for allowing me to instantly spend money that I withdraw from my bank. I was able to pick up a bunch more shares at .18. Woo go $SGMD!!!!!!!!!!!!!!
Yes my feelings exactly about SGMD. Anyone who does their DD on this stock knows it's not only the real deal but worth way more not only now even with stop sign but after they are current especially. Low risk here, but a lot of people consider it high risk.
The sector is up, most likely that's why SGMD is up. SGMD is the 4th gainer on my list today. Nothing unusual except for the fact that the whole sector is up for the 3rd day in a row.
Yup... if
Yup that 1.6m ask at .01 doesn't seem to be scaring anyone. Last time, it did, and price only went to 0094 with no volume and back to .011 same day.
Cannabis sector is going up as of Friday, RSII will follow. Any time now, should be hitting .013 pretty quick, volume is low and it's pretty thin to .02
That's incorrect. Overly optimistic people shouldn't be in the OTC either. If you're not a realist you are relying on luck to make your money.
Oh yea totally understandable. I've been suffering from this too, but not stressing over it because I trade 10-15 stocks at any given time on average. But I don't think Jimmy lied, I think he was overly positive about the audit completion. He was wrong, so now he's not saying anything about when it may or may not be completed. I'm confident it's just more complicated than everyone thought, even Mr. Chan.
What I would really like is for Mr. Tan to say something to us shareholders, being an extremely important new addition to SGMD. Anything. A good start would be an introduction, then maybe some of his qualifications and intentions with the company, etc etc. Even better would be him addressing some issues and what he can or can't do about them. Whatever he says, as long as he says something to us, will show that he can be professional by showing his commitment to the company, and increasing shareholder value just by giving us more confidence in the new leadership.
x100xPercent
That's the big question with every stock when wondering how low it's gonna go. But since there's no way to know, it's not the most important question. The better question is where will the price be in 1 months, 2 months, 3 months from now? When you look back on this price, will you wish you had more shares, COULD you have got your shares cheaper? So I look at it as how much more money would I have if I did so and so when the price was so and so? Either way gonna make a ton of $ once things fall into place. I'm not being greedy waiting for .10 or lower, if it continues dropping it's fine because the price will be back to .20 soon enough and way over that after becoming current. I don't consider temporary, short term fluctuations as loss or gain, only the goal with your particular trading method on a particular stock.
This response is for most people reading, not for you josbor I know you don't need any lessons, but this point of view works much better for OTC stock trading or investing.
I monitor the entire cannabis sector with all stocks that trade with volume, about 100 out of the 240+ cannabis stocks, also not including TSX stocks. Every day since 2/12 and 2/13 has been a down day, with 2 big down days. About an hour ago the sector turned positive, and now it's slightly more positive. Possible bottom here at least temporarily before more downtrend. Hopefully we see increased buying throughout today and for at least a couple days next week.
Again this is information about the sector, which may or may not have contributed to OWCP's this low price, and in turn may or may not affect it in the opposite way if the sector is taking a positive turn.
x100xPercent
I monitor the entire cannabis sector with all stocks that trade with volume, about 100 out of the 240+ cannabis stocks, also not including TSX stocks. Every day since 2/12 and 2/13 has been a down day, with 2 big down days. About an hour ago the sector turned positive, and now it's slightly more positive. Possible bottom here at least temporarily before more downtrend. Hopefully we see increased buying throughout today and for at least a couple days next week.
Again this is information about the sector, which I believe is a bigger factor for SGMD's price decline than the late financials.
x100xPercent
Mmm fear is delicious. Thank you for feeding me low 14's, I'm ready to eat more low 13's, keep it coming guys.
Yes it may go lower because fins still not out. However anyone smart enough to look into the reason knows there's a high chance they are coming soon. Price is holding pretty strong out of shear anticipation, I don't think it'll go under .13 unless someone with a lot of shares gets too nervous and sells everything in 1 or more big lots. Then that will present a really great opportunity, which I am crossing my fingers for. Hardly ever happens though it's very rare.