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If this ever sees .0003 again I will start to believe it is possible for this to run on nothing but fumes and the associated exuberance around MJ stocks in general.
I take a tiny bit of comfort every time it twitches from .0001 to .0002 that maybe all hope is not lost and if I wait long enough some sort of irrational price run will allow me to get out of it.
It wouldn't take much effort for the players behind the scenes of this turd to tweak a run up in pps with a little bit of PR timed to go along with the rest of the excitement around Cali going legal. It might even start to run without it simply because people start buying ANYTHING remotely related to the cannabis sector.
I'd be glad for a PR blitz if it allowed me the chance to get out of my shares without taking a loss.
Bring on some bogus pump and dump, and I will take advantage and dump.
Sad, because if the guy wanted to do something with this company besides take people's stock money, the stage is set for real profits to be made. If they reformulated and rereleased this "energy shot" with THC or CBD in it this thing would have legs.
230% day gain. Showing in the green on this one for the first time in a long time. Any idea why this is moving all of a sudden? I see lots of people predicting it awhile ago, but nobody saying why it's happening.
Holding as much as you have of this, how high do you see it going before you cash out?
I'm small time compared to you, but I have 200k shares. For all the noise about toxic debt and pump and dump scams, I'll be pretty happy to see it do much of anything and get out of it with something to show for it. But I also know that prices can run up whether or not a company is legit.
What is your price goal for this. Let's say it starts to run. At what price do you start to worry that you're staying too late at the party?
I think I am slowly figuring it out... my first attempt at a conditional order is cancelled though, because "The stop price must be above the current ask for buy stop orders and below the bid for sell stop orders"... So I'm not quite there yet.
I'll defer to the more experienced investors here and welcome any advice, friendly anecdotes, and idle chatter.
So the way this one bounces up and down multiple cents at a time, I'm wishing that I was more savvy about how to cash in on these peaks and valleys to both profit and increase my share holdings over time. I've never done one yet, but I'm guessing if I learned how to set up conditional orders I could be cashing in on these highs and then buying back in at the lows to increase my position over time.
Anybody here have any helpful links or tutorials that would show me how to do this and what factors to look at when deciding what prices to use for my triggers?
Good to see this one climbing, but I need this above .04 before I start seeing any green.
Any predictions as to where this might top out if it spikes with the new year legalization news cycle?
Whoops... I was thinking about a different stock. lol
This one is a winner and I'd be happy to have more of it, but it's not the one I was thinking of when I said it was my biggest winner.
Nice. Wish I was holding a lot more of it. It's by far my biggest winner right now. Hard part for me is going to be decided when and how to cash out and how much to continue to hold, etc. I like to think that long term some of these pot stocks are only going up. Hate to sell out and then watch it forever going up in value. This area being so new, it is hard to predict anything long term.
Bought this one quite awhile ago at .35 cents. Nice to see it coming awake.
Been looking at nothing but red with this one for a long long time. Bought more awhile back to leverage my position. Finally seeing green once in awhile depending on when I refresh my screen.
I've got an optimist good til close order to sell a chunk off if it hits .70 pps. You gotta have dreams.
Anything is possible... Including none of that happening. lol
I'll say this about it: If I could have invested the same money I spent on it but at it's lowest price I'd be a pretty happy camper right now - and with a lot more shares to show for it. I think at it's lowest it was somewhere around 80% below where I bought in. It's recovered about half of that already, so I'm pretty happy about this little run. Gives me hope that I can at least cash out eventually with a little something to show for it. I don't expect to be getting rich off this one, but with the way these cannabis stocks react to news events I hope to be able to get out with a small profit.
If it crashes again after that I might buy back in now that I have a better idea where it might bottom out. If it keeps going up forever I'll have lots of time to kick myself over not riding the wave.
Irrational exuberance can still turn a profit if you ride it to the top and jump out in time. The fundamentals of the company itself are probably secondary to the general wave of excitement around Cali and Canada going legal. The closer we get to those events the higher a bunch of these cannabis and related stocks are likely to go provided there isn't something in the news cycle to dampen the momentum.
It's funny how if you go a few months back in these forum posts this stock was a loser and a scam. Now people are talking about riding it to the moon and getting rich. In reality, both scenarios could be true at the same time. Or it could be legit and still turn out to be a loser. That's just how it is with penny stocks.
I bought into this one way higher in price than I should have so I still have a ways to go before I'm in positive territory. It was so long ago now that I was resigned to this never doing anything ever again. I'll be happy to see it turn any kind of profit eventually and chalk it up to a learning experience.
Hard to remember when this was ever above .0001 or .0002 pps.
If CEO has any investor money left and he wants to turn this into something people actually want he should turn it into a THC shot and relaunch. Overnight he could turn this around from fart-in-church status to the next big pot stock.
But that would take effort.
For the chart-impaired among us, can you tell us what all this means and where you see things going longer term?
Today is the first time it's ever shown a 100% gain from where I bought into it... at least when I was looking at it. I'm pretty sure it's peaked higher than that at some point when I wasn't paying attention.
One thing about this stock: it seems to fluctuate a lot in value (on penny stock scale). I don't claim to know enough about all this to know why, but compared to a lot of my other holdings in this area this one seems to jump up and down like crazy. Most of these companies have their predictable spikes following some major news. This one seems to go up and down more or less daily.
I am probably the ultimate small time investor. Wish I had more funds to play with. Over the last couple years I've dipped a toe into numerous penny stocks in the cannabis area... Most of then have lost value and have yet to turn around. I'm holding out and waiting for the new year when California and Canada go fully legal to see what happens with a bunch of different companies. GBHPF is one of a very few of my holdings that I seem to have bought into at the right time. It has consistently closed well above the price I purchased it at. I wish I owned more of it than I do.
If things go crazy with the cannabis market in 2018 like people have long been predicting, the hardest part for me will be deciding whether or not and when to take the profit, or if I should hold onto it with the idea that over time it only keeps going up in value. I might have to compromise and sell some portion of my holdings to recoup my initial investment while holding onto the rest to see where it goes. I would hate to cash out only to watch these stocks keep soaring and never coming back down.
Any opinions as to where this might peak once Cali and Canada go fully legal in January? Anybody see this as a longer term hold that only keeps going up with time?
This is up 143% from where I bought in. Makes me wish I'd been able to buy a whole lot more of it.
Yeah, even better really. Sessions couldn't take that away if he wanted to.
Some nice gains here recently.
I was showing an actual profit on this one the other day for a hot minute before it gave back the gains. I like where this one might be going, especially come full legalization in Cali come January.
Whoops... I spoke to soon. Not in the green at this particular moment. lol
I'm back in the green with this one after a long time of it having lost value from where I bought in. Looking forward to what it does in January when Cali goes fully legal.
Heavy trading volume, but my order to buy 200K shares at .0003 won't fill... Not even partially. Somebody more knowledgeable about these things than myself care to explain why?
I'm watching. I like this one. I have a sell order for part of what I'm holding if it hits .08 but I might change my mind and just hold onto all of it. I can see this one being worth holding onto.
Wow, so what happens if you only had 1000 shares?
Like I said, I bought in a long time ago. And my sell orders are standing for several months pending the right conditions for them to actually fill. And if I need to renew the expiration dates on those sell orders from time to time to keep them current for a year or two that's fine too. But I'm not looking to get rich off this one. If I can get out of it what I originally put in plus a tiny bit of profit I'll consider myself incredibly lucky and count this as a huge win.
... and back down to .0001
If they retired a billion in outstanding shares then we might have something here.
Honestly I am amazed it has maintained .0002 as long as it has this morning.
Not much to say about the quality of this company other than all the warning signs are plain as day in these comments. I bought stock in this a long, long time ago at a far higher price that's it's sure never to see again, and when it tanked recently I decided to take the extra insanely risky step of buying much more in an effort to leverage my position so that if I can ever get rid of it I might actually turn a small profit. Basically, every time this moves from .0001 to .0002 I am technically looking at a profit... Not that I could ever cash in on it by selling.
But that it is moving at all again gives me some hope for maybe someday selling my shares and not taking a loss.
I expect it will move back and forth between .0001 and .0002 for the next few weeks and probably months. If the company pays for some PR, maybe it climbs to .0003 and in my wildest dreams .0005 for long enough that my sell orders go through. lol
I would like this stock's chances a lot better if the company's product actually got you high. lol
Yeah, I suppose barring them going out of business it has no place to go but up.
I'm just glad to see it twitching back to life from .0001 for the first time since it tanked. Gives me some hope I can unload it eventually.
Thanks for this tutorial. I really appreciate it.
So, I'm new enough to all this that maybe somebody can tell me... what happens to OXIS shares after the merger?
New CMO to be named soon. 3 drugs in pipeline. Furthest one along is for pain with a potential American market of 60 million pain-sufferers - should be ready in about 16 months.
After the closing bell at 4:15pm EST. The dial in number for the call is 712-775-7031. Meeting ID number is 576-591-822