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I wonder if that dip shook out most of the remaining nay-sayers?
Regarding Fidelity & the stop on SGMD :
I tried very hard to have Fidelity review SGMD and it's potential and low risk, as well as the current filing issues, but Fidelity has a policy that can't be individually reviewed on a case by case basis for companies. SGMD must become current with OTC for Fidelity to enable buying, as the manager has told me over the phone. He did say, however that if buying isn't working immediately after the company becomes current, a phone call will be all that's needed to code the ticker to trade. He seemed to be only about 80% sure (in my opinion, 80-90% sure) that SGMD will automatically be enabled for trading.
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Someone at Fidelity told me it may be a couple days before they allow buying SGMD AFTER the filing, because they need to review the stock to remove the stop. However he said I can call them and put a request for them to review the stock to expedite the process.
I just transferred $ from my fidelity account to my bank (2-3 days), and transferred from my bank to my eTrade account, where I was instantly able to buy SGMD without waiting for the transfer from the bank.
I was expecting this dip even though I have a very large position and long. I think this will be the last dip, however low it goes over the next few days. Probably won't go as low as some people think, maybe my .421 fill was the bottom.
.08 3 years from now, will still be finalizing the filing for this year.
True but certainly there must be many things they don't have to disclose in an official statement or 8k? Maybe if they came to a decision on some action that isn't going to happen for a couple or few more months? I don't know I'm not a lawyer but I don't think they have to announce everything that's on their mind.
Seems like just the fact they are going to be one of two diamond sponsors at the wall street conference, that they will have something important to share, as if they are going public on some important news or something? So that makes sense if they are holding back on press releases.
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Then post the document
Copy and paste is fun
Of course I made it sound so easy, it's very difficult to sell against your emotions and go with logic. But once you start doing it and successful and we keep seeing new highs (which we will), you will be very happy, in fact you will be able to hold more shares with the extra profits if you don't spend it on beer!
Most likely people won't let the pps go very low, probably won't see .40. If it does, it's time to buy, not sell. If you do not have funds to buy, then that is why you are going crazy, because you only benefit from price increase and not a drop. If you are not fully invested, then you will feel comfortable with a price drop and see it as opportunity. But also, you must sell some shares after a price rally or when it makes a new high, so that, again, you will feel comfortable and almost expecting another dip to buy back your shares. This is stress-free trading when you are comfortable with any move the stock makes and if you execute correctly (buying higher and selling lower), your long term profits will be much higher. If you can't get yourself to sell after a small rally out of fear of missing out on bigger gains, then just try to think logically, stick to the charts and what is most likely to happen in the short term, and only sell a small amount of shares like 1/4 or 1/5 your position if you can't do more. When news is out, it's likely to be before or after hours, you can always jump back in fully invested as long as you are checking news every day before market open.
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Last few days 0002 bid was about 10% of the 0003 ask, now it's almost 200% of the ask. Gonna move up soon, then down, then up.
TGGI is a stock that will run eventually (soon) and this price is the bottom of the bottom. Almost nothing ever filled at 0001, and 0002 ask didn't stay long and also hasn't had many fills these past couple weeks. Don't sell too short, this will eventually run over 001
Stocks go up and down. Sell after they go up, buy when they go down. If you are not doing that, it's your fault you're getting stressed and frustrated and should not be blaming management, the company or the ticker. OWCP is a slow mover without news, you should not expect it to go up another 50% easily when it's already up over 150% from it's bottom.
Who sold and why doesn't matter one bit, it kicked in fear selling and those 0002 bidsitters (including me) will now flip for 50% profit. This doesn't matter as much as people might think with recent average daily volume, but this stock has many eyes on it with big pockets and will dive into a rally and get this over 3 billion volume in a day, eventually. It's been over 2 billion volume in a day twice recently. anything over 500 million volume in a day will get it to .0004, 1 billion+ to .0005+
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Looks like 1 person that didn't want to wait sold 200 million at .0002 with 2 orders. Means nothing except opportunity.
Pumping is when the company issues a PR on major news wires for everyone to see. I don't recall them doing that with the presentation or much of anything else for that matter, the updated presentation with the timeline was discovered by an investor on this board if I remember correctly.
This is not a PnD or scam of any sort. There is much the company does not tell us, so many people see that as bad because that's what most OTC companies do (leave out the bad, give ALL the good ASAP and make forward looking statements to pump up the pps).
The only things we hear from OWC are the facts and what need to be announced to shareholders.
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I think there's more fear of selling than buying at this level. Rally incoming soon. Hoping for a dip to the low 40's first.
It got some higher priced buys because a 1,000,000 bid showed up at .059 pps. Closed high with no additional volume. This price can really spike high in a matter of seconds to 1 minute, this is at least the third time I have witnessed it and thanksfully a part of it after placing the correct trade. Woo hoo! Seems investor confidence is coming back quickly with that detailed 8k to clarify things, even the email reply from the CEO someone posted about today was good enough for me! You can tell from the wording that he is trying hard to make everything come together and that he cares about his shareholders and does not want us to be upset or disappointed.
#budlife2018!
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Beautiful uptick over .50, confirmed the double bounce off .46! COULD be up from here!
I suggest you do what I did, find funds to add so you can average down. I had to fund my old Etrade account with a wire transfer because Fidelity won't allow buying SGMD while stop is active. Wire transfer cost a few bucks but will be available to trade same day.
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I'm expecting low 40's at the most, 30s unlikely at this point. If it hits .39 get ready for a nice rally. I hope I'm wrong though and it just goes up from .46 because I loaded half of my new 401k at that price.
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I have a feeling Jimmy Chan, SGMD, Budlife, Sriracha Stix and everything to do with SGMD is 100% legit. If I'm right, that means most likely he intended to file on time, but this Q was no doubt way to complex for him to complete alone (which is fine, people make mistakes and CEO's cannot do everything alone, maybe he thought he could and was positive that everything would be fine? I've done that before!), and he had no choice but to file late since the process of filing correctly was more important. I also believe that more likely than not, he will have learned from this mistake and next filing will likely be on time, especially with revenue and everything he will be sure to pay up for auditors and staff to get it done correctly and on time. If he files on time for the next Q filing, most likely the stock will spike up from wherever the price is at that time, which will likely be over .20 in my opinion.
This price decline is a blessing. I bought more at .09 and more under .06 and have been crossing my fingers for this drop, and I hope it continues down to .04's before the filing is complete to average down for the coming rally and uptrend. More likely than not the price will be over .10 soon once SGMD is current on filing, the OTC stop has been lifted on the ticker, and shareholder confidence is restored. With coming PR's about budlife among others, this stock could easily get overbought well above the teens in only 1-3 months time.
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Anyone know which brokers will allow buying penny stocks with a stop like SGMD has now?
Dilbert,
With a stock like this, you will get a headache from stress if you put too high of a percentage of your money into it. It's high risk high reward. But let me tell you this... OVER 90% of the time, these pot stocks "raise from the dead". The other 10% either take much longer to raise from the dead or they just stay down at .0001-.0002 and bid and ask get astronomically high with no volume.
That being said, your best bet in a stock like this is to be all or nothing, in other words, don't cut losses short, either lose it all or win. I can't tell you whether to sell at .0004 or any increment higher, because nobody knows how high this will go and how soon (obviously). But you have over 90% chance of gains if you hold, that is an excellent gamble but you have very little chance of being profitable on this stock if you sell at .0002 or even .0003. I'm in the same boat as you, but I am stress free because I know what my chances are, and not even thinking about selling any shares at .0002 but maybe lowering my position at .0003 once volume kicks in again.
I believe this stock will spike at least one more time to a bid at .0004 or higher, I'm just hoping it's this year to make my goals sooner than later. I'm also confident nomatter what the company's intentions are, whether favorable to shareholders or not, that events are in fact in place, and that PR's of these events could allow us to sell at .0004 sooner than later if you're looking to bail out or reduce your position.
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Really wish my broker would let me buy shares right now :( . This price under .007 is a blessing for those who can buy and hold. Ugh! I hope price stays down till after financials when I can buy.
Everyone, for this week, focus solely on the charts and technicals. Forget about patents, psoriasis cream and qualified management for just today at least. Look at what the price action has done in the past few days and weeks. Then look at what the price has done this year compared to recently. What does that tell you? What do you see?
I'll tell you what I see, a pattern that OWCP has had all along in this long downtrend. A pattern that makes the price bounce around every few days and then inevitably head in the same direction for a long period of time. Except recently, that pattern is in the upward direction. And that tells me owcp is more likely than ever to continue up and if it does, it's gonna follow it's usual pattern, and inevitably keep heading up as time passes. Then now, think about their amazing pre-rev financials, well qualified management and potential sales deals, cross listings (and on and on about potential catalysts for this year and Q12018), hmm.... no, probably best to stay out of this one, right?
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Small chance of breaking .50 today, high chance of breaking .50 this week! (IMO)
While I'm posting here, I might as well note something nobody else had on this board... a week or 2 ago, there was a picture of some of their plants hanging and drying. Did anyone else notice the quality of the plants looked terrible? Don't have to be a pothead to see that those "buds" were very stemmy, not dense looking buds at all. The picture of the purple haze bud they showed in more than one picture looks cool, but the bud could hardly be seen. This harvest was why I was holding in the first place, and it looks like when all said and done, it might not even yield much money in the end.
Look at at this way, the whole reason for holding this stock is the hopes that .0004 is the bottom and it will go up soon with "news", right? Who cares if it goes up, because if it does it won't make any sense that it does and it'll likely just come back down even with no dilution. If it does go up, it'll probably be because the entire industry is going up, where your money can be elsewhere and making money anyway. Better to be free of a company full of BS and that's one less thing you need to be concerned about. Look into real companies like OWCP and VDRM if you haven't already and invest the right way if you're set on cannabis and/or penny stocks.
Might as well have filed a billion in revenue and and 1,001,278,845 in losses and would be same thing. Saying for over a month now that there is millions in revenue for the company was just another pump attempt. This company may or may not be a "scam", but the CEO is definitely scamming people, telling partial or incomplete truths to slip by.
I'm so happy to finally be free of FUTL. It might pop again, eventually, but in the meantime my money is going to be put to MUCH better use.
Isn't it strange that the after hours bid and ask are .10 and 1.00?
Unusual movement for this hour of the day. So what happens at power hour? Hmm...
Hey, sorry you got hit by lightning, that must have been... unimaginable. But I have to ask, did you happen to gain any superpowers from the event? If you did, please contact me.
Let's hope .39 is the new .29
Careful longs, OWCP's nice rally today probably wasn't all from the 8k or the news this week... it was a big up day for MJ stocks in general, much more volume and buying today than any other day since Sept. 28, which coincidently OWCP also rallied on a second and final up day (end of index rally) on Sept. 29. If history is repeated, we will likely have a continued rally tomorrow (hopefully well beyond .50!) or at least have sustained high volume and remain in the .40's, but then volume is likely to disappear and inevitably this stock follows a particular pattern when volume diminishes.
But if you are not looking to sell any shares, new investors could easily keep this baby rolling!
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ROFLMFAO right on!
If this is true, it's a good thing, at this point in time with current PPS. Seems like he has a new plan, after much past experience. Seems like he knows the rules all too well, like a CEO should by now. Most likely this will hit .0004-.0006 before going to .0000, or even go over .0010 maybe with the right news release on the wire? This stock had over 2 billion volume in a day at almost 3x the pps recently! If his plan is any good at all, even if it's all a complete BS "scam", and bid goes to .0004 again (which it quickly and easily did a couple weeks ago), just one more tick, is 33% profit!
And that is conservative thinking, I think Matt Dwyer knows what he's doing and is building something real here. I think he tried things in the past that didn't work out well for him and he's doing things the right way this time. If I'm right, we will be looking at thousands of percentages of gains over the next year from current pps!
I don't think it should be called CannaPsor. Think about it, CanaPsor is the better name. First, CannaPsor is way too unoriginal, it's simply canna short for cannabis and psor short for psoriasis. Cana with one N could mean something else. It looks like something more unique or original. The 4 letter word looks better with Psor, also 4 letters. Sure, you read it and your brain asks "why not just spell it canna like cannabis? No, way too unoriginal-looking, CanaPsor looks more like a unique drug name than CannaPsor.
How is SGMD NOT up 50+%?
Why is everyone surprised about the PPS? There hasn't been a press release about the patent award yet, so not many know about it. It was only tweeted on facebook and posted about on this board, right?