Replies to post #3291 on Monolithic Trading (MONO)

[TheMonolith]

DD appreciate the commentary.

PotterBanker can correct me if wrong, but he's more of a daytrader. He's the daytrader, I'm the swingtrader, and greenwillow is the buy and holder. Of course, we don't do that exclusively, but I think that's a good generality.

I'll have to check IBIO out.

VFF and LABS I'd hold through thick and thin, but I generally have a core and trading shares of them. I'm down to cores on both right now for the reasons you mentioned. My LABS position is quite large as a core though, and VFF has been trimmed down during the rise.

I have a good cash position right now. Market and cannabis could easily fall, but the positive is that many are thinking that, so maybe it can keep on ripping.

[TheMonolith]

IBIO has a nice bottom formation look to it. Not my style overall though. If someone you trust and like has put the DD in, then it's probably a good bet. Would be nice to make a SOLO move.

[PotterBanker]

Lot to chew there.

first, I'm an RSI < 30 buyer so I really don't like buying anything that isn't a dumpster fire. Selling "too soon" almost always. Rarely have to take a loss. Like to be 2/3 or more cash at all times so I can mo heavy and turn into a "trender" when called for. Almost never invest. Just not the marrying kind.

Now with that said, EDXC doesn't look like a buy for me at this point. At the same time, it's still sitting there even with less volume today. The chart looks parabolic and too hot right now. But then so did CVSI all the way to $9. I don't even want to mention Tilray. lol


We just never know on these and they can continue for a while sometimes.

As far as the sector turning, yes. It's not an uptrend. Sideways at best. HMLSF has not returned to it's 1/2018 $20.52 or 10/2018 $20.86 highs and I doubt it will in the near future.

We've had some great oversold bounces in the downtrend. And we've had some individual stocks defy the sector index. But on the whole, no. The sector is not "up".


My view is pretty much always the same on over valued speculative bubble stocks that are in land-grab mode using equity (shares) to finance everything. It's dreams vs gravity and gravity always wins given enough time. That's why I don't long invest on these, mostly.

Now on to IBIO.



A not new company, struggling to do $400k in annual revenue with an expense load of $14M. Revenue hasn't been going up. It's actually down to half what it was 2 years ago, with expenses up 50% from 2 years ago.

And that's $444k annual revenue with today's mcap at $15.5M

Stock price down to half of what it was when they did their 1 for 10 RS last summer.

But,

Just because the fundies stink, doesn't mean the stock won't run. lol

So I look at the chart. The short term A/D is encouraging. The bid moving up with shorter candles as each day progresses is encouraging, especially on anemic volume. Looks like quiet loading going on.

Load it and hold your breath that it gets more volume after you buy it. ?

I haven't looked at the news cycle much and have no idea what they're really doing or what's on the horizon to create excitement/volume. Could be a real powder keg for all I know at this point.

Do they have a major event coming up? Are they expecting to win the lawsuit that's been dragging on forever? Are they going to announce that they are switching their 4 million plant hydroponics lab to high cbd weed? (it's in TX btw)

What do they really do anyway? What are they spending $4M a year on research and development for?

I would need to know more to get very excited about it.

Should we all just hit the ask at open tomorrow and see if shorty howls? lol

I've added it to my wtf watchlist.

and thanks for the pointer.

GL