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definitely need more explanation as to how www.OptionProcessing.com fits with SGMD.....after clicking on the link I can assume...but I ain't going to...so what's the connection?
It would appear that the true longs are the ones driving the price down to take profits.... ; )
bailosellhai ….you have been awfully quiet since your latest trip to SGMD this week....what's the latest and greatest happening at SGMD and Jimmy????
SGMD trades so far today are bullish with buys out numbering the sell 2-1 …...according to IHUB trade stats....
sellers have abated and price will be moving up....or interest has slowed and price will be stagnate (or indecisive) ...correct josbor8.....???
they don't need a lot of money to outsource that equipment...IMO
so...if akc232's post is 100% accurate
Then this is what I don't like about Plantation and therefore my axe to grind with BUDLIFE....
Quote:
Prototypes of the Company’s initial products have already been created and tested, and development of a production model is in hand.
....if this is true then the final product should be determined by now!!! This product needs very little machinery (probably a series of vacuum molds) and they are off to production. THis is definitely NOT rocket science or expensive to initiate a production run. SO WHERE IS IT????
bailosellhai...there is no gap on 8/20 or 8/21
there was however a bullish engulfing candle last session setting the table for today's trading. I was late to the table today so I missed most of the action...It should be interesting to see if Jimmy gets eyes and wallets on this tomorrow.....
looks like backfilling to me....
yes you have some upper resistance of .1975ish if you go back to springtime.... and .207ish if you go all the way back to 1 yr.!!….I like those levels as it will should backfill nicely and as I said .20's should fly away!!!
FWIW...it anyone here is a fan of Hubert S....his pattern of 5 candles above the Ichimoku cloud has occurred today and therefore it's safer for long positioning.
ie...it should attract traders... ; ))
I agree with you FL....good call!!!....I expect some more backfilling here....and then the .20's fly away!!!
you guys are forgetting that more than likely any share deal that SGMD makes with a company will have trading restrictions on it anywhere from 1-3 yrs. so dilution will probably not be felt until 1.5 yrs (min.) from now.
A lot can happen to one's s/p from now until then.... ; ))
Next week. I see some backfilling at these levels with resistance at .199< and then …..20's should fly away quickly...
Actually Frontloading got upper resistance right at .168 (I personally thought it would be .168 -.169ish.)
FWIW... I was around before the internet boom and years later witnessed 9/11 first hand when the planes hit...then checked my dialup internet (only to see nothing changed …that day.....)
FWIW...according to IHUB @ 11:30am ....overall about 50/50 on buys vs sells....
we should have been playing NUGS...up over 100% in 2-3 days!!!
Just thought I would add that a good friend of mine is bringing his cultivation product to a full Nasdaq listing in the next few months that can 10 x the initial amount of approved acres....so by example the farming system could increase up to 10 times Hempistry's acres of 23,000 x 10 times = 230,000 acres of hemp from the same foot print of acreage.
I will be suggesting that Jimmy might want to team up with his system once he becomes public....GLTTA
charts look......GREAT!....what's that I see ….BLUESKIES!!
good volume....this is the volume that SGMD needs daily ….volume proceeds price IMO....any idea what all products SGMD is going to sell to Hempistry??
I kinda gotta side with mudpuppy for the next couple weeks atleast… as I think that Jimmy is just trying to keep the boat afloat!!...until he has enough ammo to release into the market we trade sideways and/or down. There is not enough decent NRs to create the volume for SGMD to make a good push into blue skies.... IMO
wowww...and just like that!... we flip to a DownTrend and we only lasted in an UPTREND for 5 WHOLE sessions....just goes to show you that without Jimmy's NRs....the overall downtrend will continue....
I hope you are right RMN......
PSS...the charts aren't horrible...for instance if you ran it to .16 today we could be in blue skies...and some of the indicators are curling up!.....just need more...v________....!!
thanks RMN for replying to me....not sure the about the references to historical past sectors as I lived through the WorldCom days and dial up internet...etc... Let's stay in the wild, wild west ...called penny stocks and leave the blue chips to the other white collar theives...
One of my fears right now is that Jimmy calls an AGM and blows up the A/S and O/S so that Bizrite gets their 200 Mil shares and their performance shares (with I'm assuming a 1 yr restriction). Therefore, I would assume that there would be no rush to fully value SGMD until Bizrite's shares become free trading. A longer wait if they are a 2 yr restriction.
FWIW....I believe too that Canada's MJ sector will start heating up in OCT when MJ becomes legal... that's why they are shorting almost all the MJ stocks for months....
BTW.... Right now I would want sciencedirect or just about anyone but Joe to be supplying us atmospheric technology. It's not that I don't believe in the technology...it's ATPT that we have behind Budlife that concerns me. I am obviously in it for SGMD's other parts of the business and hold 183k shares.
PS...I agree with your statement, "I expect the same going forward from last week now they are free to speak again"..
Totally.... as this is why I said that Jimmy is our MM or weather vane depending on what NRs Jimmy puts out over the next couple of months and the share support he garners! FOR me Volume proceeds price and we are not experiencing it.. abt the sells are lower but the market support seems to not go much beyond this board....IMO
ok...RMN I'll take the challenge....so here's the problem as I mentioned fri.. where's the volume?...CMF is there, in that there is decent support in buying....BUT THERE'S NO VOLUME....so that is up to Jimmy to assist with decent NRs and CONFIRMING Budlife testing (When are we ever going to get confirmation of the testing???) ...that is ...IF ITS EVEN a VIABLE PRODUCT. The word gets around the OTC market pretty quick if you have a severely undervalued company....SO where are the day traders or punters today?....heck they should be all over this.... EVEN if it was just a pump n dump!!! IT wasn't so long ago I heard …"just wait until the "STOP SIGN" comes off...we'll have tons of new investors"...so be careful what you ask for!!!!
...SO... what I'm hearing again, is that we are going to have to wait for the end of the year for movement …..and that Budlife is a vital key to the leap in stock price?....Correct?....
Back to you Jimmy!!…. you are the unofficial MM here...
FWIW....the last trade of the day @ 3:58 pm was definitely manipulated....IMO
thanks for the vote of confidence mudpuppy....however, we still are in an UPtrend albeit only 2 days strong...and I for one fully expect some backflling of the .10's and .11's which will sustain a higher push to .15!!...and is healthy for the stock base. I'm surprised no one is talking about the CMF indicator as it has only been in negative territory in mid june of late (for only 1 week) and has been positive since late march....this is decent support indicator to me....
By the way... volume was down today and I was expecting better support that what we got...so if mudpuppy is correct and Chan comes out with some flat NRs then it the s/p will flip to the downside....and if he brings out some stellar NRs...well we know what the answer to that one is......so play your bets and let's see what Mr. market thinks!!!
Btw ...does anyone know when the stinking Pink sign comes off???
ps ...expect some new faces tomorrow....
mighty good volume....nice longgg white candle and busted through resistance which started an UP trend today...now let's hope it doesn't sputter like it did in mid to late june... I don't think it will but SGMD has fooled me before!!
.10 id definitely the upper resistance right now...
I have to admit the worst part of the latest financials is the huge bonuses given out to employees so early in the game ...IMO
I would be more than happy to export that folk artist to you guys...lol! My give to you.. soo to speak... ; )
who are you talking to?
I stand corrected in your case FL!
...but to be fair you were only a part time long ….lol!
the truth of the matter is that Mudpuppy was jumped when he suggested that the stock was going to go under a dime....and all the loyal longs piled on …….now it has gone all the way down to .08...EVEN with the lastest Q filing and loss of the stop sign... the DT continues ....
kinda reminds me when I suggested that the charts were still in a DT a month ago....so who was closer to being right?... I'll let the board decide....lol!
...what's that I hear in the distance background?....wait until the next Q filing...just wait until October...does that sound familiar.....???
I'm sure RMN can reply himself...
I aint buying that...they can alteast let us know if the product works...come on man!
RMN....Not sure how to reconcile your post yesterday.. your quote,"I believe this how they were able to buyout this 30 mill $ company that is profitable . Before this Sgmd was a 4 mill $ company. When was the last time a smaller company bought out a bigger company 8 x in size . The only way this could of happened is if Sgmd has a product that is a game changer called budlife . Even without budlife being developed Sgmd is the number one undervalued stock in the cannabis sector ."
...so in one hand you say that the ONLY way SGMD can make the Bizrite deal is thru selling the Budlife product. BUT on the other hand SGMD is so undervalued?....so what does that mean... that SGMD doesn't need a game changer to make the Bizrite deal or does it?....OR just a straight dilution deal?....which is it?
let's face it Jimmy has been leading the SGMD shareholders by the nose for the past year...me included.....infact the past 80 out of 85 trading sessions have been down trends....
Mudpuppy said..."the final bottom pirce may be: $6.60, which was the high in aug 30,.2017"..... ?.....when was the price ever $6.60...I would have sold at $5.00 in a heartbeat!!! lol!
sorry smoothinvestor……...we've heard that line for the last 6-8 months now....it's getting old!!
to be fair SGMD has been in a DT since late Apr...and the candle today set them up for 2 more weeks of a DT.....