Replies to post #31299 on Marijuana Company of America Inc (MCOA)

[Plowmaster]

Well I simply said I think. But for stocks like MCOA certainly can get slammed or a boon any given time.
I think Sessions renewed saber rattling might spook folks. Whatever, this company is still very risky and speculative like 90% of other OTC pinks. I'm fine with that, I believe in the long run it can do quite well. My biggest red flag here is the management. I simply do not currently trust them as much as I would like.
I will hold for years if need be, and that is fine.

I got way more money in another OTC stock that I based on fundamentals , has am actual P/E ratio, growths, constant news, no speculation, solid share structure, no debt, already profitable and just getting started, huge confidence in the CEO, who I can follow tweets, to PRs, always keeps his word, cares about shareholder value, grows company responsible, all PRs are substance no fluff etc. it trades more like higher exchange stocks where if one really wanted they could somewhat apply TA and utilize charts. For MCOA, charts are just as speculative as the stock itself.

-PM

[Plowmaster]

Lol, I wasn't even watching trading today, just responding from phone.
Today's trading did show .02 is still the floor, the second is went below it, it bounced right back as there seem to be a lot of support there.

,.0198 vs .02? *meh*

[HighAmbitions]

I live by the charts and dont agree.. Look at the 1 month.. See that bottom coming up? Yup me 2.. And no one cares about the intraday.. Chart closed above 2 and the few shares that sold sub 2 are pretty well a non factor as to where this is going... Its not trips lol... Bottom was established at the front of the month and were now creeping up off of it imo... Still frim on a big bounce coming soon.