Now that it's actually at 6 cents, it's not as dumb to invest here.
However, I said I think it's worth 6 cents. So, it's still going to drop to entice investors.
If this were 3 cents than that would be safer, as 3 cents per share is Revenue + Cash.
I'd rather miss on SRNA than jump in too early.
It's on my radar for another couple 20% drops. I may throw some in at 3 or 4 cents per share.
Still not enticed by 6 cent as I can read a balance sheet.
$0.03 isn't that safe either, only use small amounts.
Revenue is only $0.02, and Debt is higher than Cash.
This could very well go into $0.01 land.
I have mixed feelings about SRNA still, but atleast it's interesting to watch now down here at a reasonable evaluation.
120M shares. Book value: 0.00.
Only play with money you would lose at a casino here.
I changed my sentiment to HOLD at 6 cents. not yet BUY
Place a sell order for all your shares at a limit price of like $30 so your shares can't be used to borrow for short sale orders. If everyone did this there would be no shorts!
What happened to this POS stock? They lose their CEO from Zynga and then nosedive 85%? Nice company huh? LOL, this might be a buy at .01, might be
not going to drop when nobody selling to the bids. Seemed like a couple sellers with tons of shares pushed this down, rest of ask stayed way higher than 6 cents.
she1calls1me1brains- you are so correct. People don't understand that though, and just sit on them allowing the MM's to do what they will with their shares leaving it up to everybody else to do all the work.
These guys have been lighting it up this year, just keep finding quality plays and delivering insightful reports.
nobody selling down low, been mostly buys today, but maybe you talking in a while, not sure where this headed, but could be all time lows, just seems risky now cause such low volume and not much bid support, at least visible. Ask side seems clear to .11 as well, although maybe those small orders at .10 are bigger, so risky but could be rewarding here, buy call options, lol, jk. SRNA stuck in a rut with this low volume though, cdel and cant seem to be flipping or something, far in the middle of where the big money wants to buy and sell. Spread closed a bit, which might mean trading might slow down even more if there was any other flippers.
In a top 10 mj penny stock article it mentioned this along with oxis, cara, and the rest. The industry blowing up and srna doesn't have any restrictions or laws working against them. Once legalized nationally I could see SRNA vertically integrating, or getting bought up by a big cap corp that wants to produce and get equipment supplying companies as well to do so. Bright future ahead, but not sure where the lows are going to be.
Insitutional Buy just filed on _M_D_C_N__ This is a MMJ company like S_R_N_A_ and got a 2nd Institutional buy in past 2 weeks