They are bitching over working requirements for food stamps. What the hell that got to do with Farming anyway? Whatever. The reason it dropped today is because that's what pump and dumps do. I TRIED to explain but before I really could, I got yelled at. I sold this morning at .0842 so basically at the top like someone with my experience should do but it doesn't always work that way. The bad part is I went to put in a limit to re-buy lower and had the amount of shares on my mind and put in the wrong price and got filled at .08 just before it tanked and it was supposed to be for .06 Being exhausted from long work days and only up 15 minutes before open with coffee not even kicking in, I mad a bad mistake! Had I not missed typed I would of bought back in at the bottom, just like someone with my experience usually does. It's been a BAD DAY! MONI001 and others, these are PUMP AND DUMPS! How it works is paid promoters pump the stock and then actually buy it low witch makes it run up so everyone else jumps in thinking WOW this is going to rocket! As they buy in the guys behind the scam or pump slowly sell so as most don't notice because it is still going up. Then when they are done running it up, they DUMP and so fast you can't get out or might have a chance if your watching that second and if you watch all day like I do you would know that it usually happens so fast you have little chance to get out. Usually the pump last three days were on the third day it dumps. Notice this closed near the LOD. The small upward moves were people buying in lower figuring it is gonna go back up or reached the LOD.
Really what product does this company have? It may be a great product but if it's not legal then what good is it. I sell way more supplements then they do water and my worth is not 12.5 million. This company is worth NOTHING, it's market cap is 12.5, the amount of stock OUT, NOT authorized times the price per share.
People here are so inexperienced or actually no NOTHING about stock trading. I see tuns of people on this board alone ask the shares out. Your take .059 and divided it by 12.5 million, it's not brain surgery! So you got 208 million shares outstanding. That doesn't tell you the float though witch is how many of the 208 million shares are free trading. Also not the authorized witch is important because that's the total amount of shares they can issue and add to the outstanding or as we call it how many shares they can "print". You would be AMAZED how many people don't know this!
On a good note 208 million out isn't that much for a penny .06 stock but what's the AUTHORIZED. You can find out by calling there transfer agent, I do it all the time!
SO what do I expect from here? I can only try my best to predict from passed experience that this will continue it's downward trend. However my instincts or what I call my 6th sense tells me the party may not be totally over yet.
If by some MIRACLE the Farm Bill makes it to Trump this Friday, I don't think the party has even begun!
I wish people would post honestly and stop all the BS!
