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Monday, March 09, 2015 5:48:32 PM
I don't like to make price predictions, as in calling a specific price by a certain time. That said, I think ERBB has plenty of room to the downside as I said for the past few weeks because the technical bounces cleared the way. As a long, I wouldn't rush to get in bad you may se lower prices soon enough. Basically there is no support below a penny becuase ERBB skyrocketed through a penny back in late 2013/early 2014.
AG has some great product lineups and a COO who is willing to literally scrub toilets to help the company succeed. However, management has been completely unable to execute on operational activity, leaving a $1.7 or $1.17m purchase order to go unfilled, leaving Zazzz clients and customers in the lurch with delays and generally over-promising followed by under delivery or no delivery at all. This is bad for business.
The biggest catalyst right now would be a major revenue/earnings development. I'm dying to get a crack at the Zazzz being delivered to ExhaleMedCenter. This will give me a machine to kick the tires, talk to employees/customers and do some general channel checks.
Of course, socio-political developments could provide a tailwind but I wouldn't be waiting on the U.S. Govt to help share price and legislation is not guaranteed to be positive considering the enormous spending of anti-MJ groups.
For the last time, I'm not short and would never waste my time shorting a penny stock when I could safely short so many of my other broader market holdings that move more in half a second than ERBB's entire pps. For those who PM'ed calling me shorty, your analysis of me is as poor as your analysis of ERBB, especially in regard to debenture selling v MM manipulation. I'm not the enemy, unless you are fighting truth.
If I was forced to make a prediction, I'd say ERBB continues to slide downwards for some time now with small pops here and there. Perhaps depending on financial reporting sometime in mid-May, we might start seeing some signs of life
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