you wanna know what i really think? since you pm me consistently?
as of right this moment, the preposed bottom would be the 0.0171 on the weekly 50mda.
but that already got breached today, and if history does repeat itself, then like on pretty much every single penny stock ive ever traded, this will go lower than that.
of course when you read ihub and hear that the entire forum is buying shares, even though you see absolutely NO movement whatsoever and people picking up 400k here and 900k there, some of them saying they buy some ever single day by freeing up this magical powder, then you think to yourself, hey ill buy too.
but no.
if you check my post history. you will clearly see i have always talked about the O/S and how ridiculous it is, i have always talked about the mmj timing to be a huge mover for this stock, and i have talked about 8cents being way too overvalued.
again, i go with the realistic thought that a company with value will be invested upon by names bigger than those on ihub.
why did i buy the 200mda? i didnt think people would dump SO hard into the bid with so many shares, however, that is their right.
i bought because if theres anything i know, the CEO is at least a little competent and he may just actually release audited financials.
that will leave the stock laying at LEAST at what i bought it for. at the very least 2cents the 200mda.
thats my thinking.
if im wrong then so be it, every trader has their own style and rules.
and for the record.
i DID time this stock, bought it at 0.0089 and 0.0099 in the mmj days and sold all the way up to 5 cents.
i buy news and i play hype.
and if you or anyone doesnt like that, then by all means. good luck with all the other stinky stocks that will just leave you shaking your head, time and time again.
get in at the pump, get out before the dump.
PEACE.
