The next move up in AEGY will more than validate ANYONE who has bought in at ANY point. It's just a matter of knowing when to hold and when to fold for the next round/stock... greed in moderation.
The MMJ index has been hammered for 45 days now. You have to play the index as if it itself is a penny stock... (well, because it is an index comprised of pennies. Surprise!) As of recent, there has been squawk about the health of the major indices as well. That doesn't bode well for the majority of stocks and most especially for the MMJ as all of them are speculative plays. Just like surfing, you don't want to jump out at the trough and you don't want to jump in at the crest. Wait for some momentum people. Continue to double down on weakness as you see it meanwhile.
Secondly, the macro sector will heat up again as November arrives. It is all largely based on media. The media has all but dropped MMJ as of late. Mark certain dates-- i.e. in early July, Washington plans to open retail dispensaries. Make a timeline and buy on the build up to this media carnival people.
Lastly, no-- AEGY and SKTO has not put out the best of news. They haven't released details and that is a shame (I guess...) but it's part of the game. In reality, lack of news by an individual company doesn't scare me too much. I would be more worried about this stock if they were releasing a bunch of news all the time... at this stage that wreaks of 'We are not really stable but look at all our glitter!' I for one don't play the news unless I see a solid runner. The technicals are much more sound in respect to making better and more consistent moolah. The RSI is low, low, lowering on this one. The buy-sell may be starting to balance here in the 004s. The best run-ups are not a bounce from news but a healthy parabolic curve of increased demand. Look at ATTBF, Jan.-March. Couple that with good news and then you have something.
In review, macro economy + national media + micro technicals/tendencies/news = $
Look at the macro and look at the micro. Follow the money. Do your own dd. Be smart.
