Summer cooling of MJNA stocks catching MCIG.
There is nothing but good news pouring from this company - record revenues, disruptive products, zero debt.
Organized shorting going on all over, yet the stock holds above .44. Seems like there remains strong resistance above 50 cents, strong support at 44 cents until the VCIG IPO. Should trade in a narrow range until SEC rules on the VCIG.
If you believe in ecigs and MJNA, and you don't want to own big tobacco, this appears to be the best penny stock to hold. If you compare this penny to all others in the space, this is far superior. It's a gamble as all pennies are. But there is likely nothing going on here except summer doldrums and a general weakening of the MJNA index, plus some MM shorting.
As always, if you can't afford to lose every last nickel, don't buy pennies.
Long MCIG, VOIS.
This does make the stock look very bad and shareholder unfriendly. This may be what they want to drive the price down before the VCIG ipo. Who knows.
I called and emailed HQ, and got no answer. Their investor relations department is certainly not responsive.
At this point it's a very speculative buy because of the severe price drop and the RSI under 30. I am disappointed with their IR and there is reason for casual investors to dump.
Obviously this is a pre labor day wipe out, and only those of us who strongly believe in the ecig market will hang around to buy cheap shares at 27 cents.
Just another reason for more regulation in the OTC markets - not less. Are things more promising with VPOR or ECIG? Maybe, maybe not. In any event, a properly run IR and an attentive CEO shouldnt' allow this collapse in price withutcommento .
Yes there is a lot of bashing on IH and here. They are doing a good job of organized shorting and MMing to bash it down to the original price of LIFETECH at 40 cents.
Likely this is because the revenue reports to follow will be quite good, and the smart money will make more with the VCIG DIV/IPO.
The company has ZERO debt, and cash in the bank. They've pushed into NYC already and are prominent in downtown Manhattan near the main drag on Houston Street. There is no evidence or suggestion that there will be nothing but a revenue beat. The company has ST RSI is already very low, and more bashing isn't pushing this below 40 cents with the promise of a huge pop with the VCIG IPO.
Just read about what happened with the HEMP IPO spin off.
Further downside is very limited with RSI low. I'll buy more MCIG at 42 cents.
Sentiment: Strong Buy
Since the stock has a real product, no debt at all, plenty of cash, a solid current ratio,and a reasonable sounding CEO, along with products being advertising in NYC, there is really only two conclusions.
Either this is a wildly intricate scam, or more likely, there is a very well organized shorting effort on by MMs.
Does anyone know what the MM shorting target price is?
Same here. Some helpful background:
If you watch their promo video you have to be interested in at least doing some serious DD. If you've ever worked with the disabled or anyone with RA or spastic CP, you can see that this could be a breakthrough product.
The CEO didn't appear to have a perfect record to say the least, but VOIS kept saying they had the technology and a product and were going to be bought out. Obviously, that didn't pan out, but i guess they had a plan B which is what I kept asking their HQ since there should have been a quick buyout if the technology was ready for prime time.
Casey Burt the PR guy was very responsive to me and probably as transparent as anyone with a penny stock could be. I did suggest they needed a plan B and they apparently did have one. I only held the stock because of HIS kindness and responsiveness. Other pennies don't get right back to you or really give you some flavor of what's going on.
It's likely that there are other players in the space with a product being developed, but it sounds like with Abrams help, VOIS is going to make something that is cheaper, smaller and cooler. Abrams knows how to roll out a product and how to find buyers for small tech companies. He also has direct connections to these companies.
Without Abrams in the picture, I was going to hold or sell. Now with Abrams on board, it's a reasonable penny stock with potential serious upside, so I bought more and am happy to trumpet its potential.
BTW, I sold all my other pennies and kept only VOIS and MCIG. Pennystox seem like fun but are generally a losing, frustrating activity after all the dust settles. Of course, I'm no expert and don't give advice.
As always, if you can't afford to lose every dime, don't buy pennies.
I'm afraid that hoping and wishing isn't a trading strategy.
There is no one who believes more in ecigs than myself.
Unfortunately all the players with real backing are private or in big tobacco.
I've held MCIG after making some money previously.
The bad press and their inability to hold their share price and get their dividend set may just be part of
the growing pains process.
In any event, the situation has become too unstable. I'm getting out. I think there is a better entry point later on when they are closer to getting approval for their dividend and when data come out - and they will - showing that ecigs help people quit smoking better than any other product.
For now i'm preserving capitol. Time to sell. I'm out. Long VOIS.
Well everyone has a right to free speech. Still, there is a price at which further shorting makes little sense, and the RSI is now getting very close to 25.
Next week when people are back from vacation and see the stock at an RSI of 18, with no debt, there could be a nice bounce.
At this point you have to decide whether you are in for the long haul or not. I believe that the ecig industry is viable, and that big tobacco will control most of it. There will be two or three survivors. MCIG and ECIG seem the most likely pair if you can ride out the volatility.
The media onslaught against ecigs is underway and could last a while. Speculators without the stomach for this should indeed sell. Those of us who enjoy penny stock trading know you have to live with ridiculous volatility if you want to trade pennies.
I've seen how frustrating and poorly regulated OTC pennies are, and it makes the activity impossible to enjoy as a hobby, let alone a serious investment. Since the SEC won't step in and tighten their oversight, it's just not fun or profitable to get involved with pennies. Maybe it never was.
If you believe that e cigarettes are the far better option than combustibles, and don't invest in big tobacco, MCIG and ECIG are the best options. BUY when RSI drops below 20.
Long VOIS MCIG ECIG
When FB was at $24 a share all the yahoo message board shorts making a killing were similarly emphatic, hostile, bullying, juvenile, even intimidating, saying that FB would be out of business in a few months. FB has since tripled in price and shorts moved on to the next target.
The point is that a penny like MCIG without any debt is very unlikely to be going to zero. Therefore, once the RSI (14) goes below 30, and the stock is clearly oversold, there is a very good chance a bounce will occur all things being equal. We see a modest uptick in price today.
The company responded to our concerns and put out a PR yesterday. Good enough.
Not sure why there is all this sniping and hyperbole over one little penny stock. If you feel that it's more ethical or more profitable to buy big tobacco, or ECIG or some MJNA stock, that's anyone's right.
But there's no need to pick on MCIG which is trying to do some good things.
No one knows what will happen with MCIG right now. The stock could be worthless in a year, or it could be bought out in 6 months for $1.50 a share. No one knows. If you can't afford to lose every dime, don't buy pennies.
But don't act based on folks who just try to substitute their DD for yours.
LONG VOIS MCIG ECIG
MCIG is down again, and so is the entire vaping sector, the entire MJNA sector and all the indices. Big tobacco is still heavily favored in the ecig wars. We'll see.
Just a reminder - Yahoo message boards do not permit derogatory or harassing posts. Please flag when appropriate.
After i called MCIG yesterday afternoon their PR came out about responding to vapor press. The RSI shows severe overselling and i bought a bit more.
The entire ecig biz is disruptive and going to be taken over eventually by big tobacco. If a few small companies can survive and uplift there is money to be made.
Could they all fail? of course. this is penny land.
I think MCIG and ECIG have a chance. Not sure what is the deal with VPOR and GLLA. It seems GLLA is under the radar.
If a penny stock would commit to making PRs statements or updates every 2 weeks, they really would go a long way in making things more transparent and reasonable.
If a penny wants shareholder money at a very high risk premium, they should be required to give more than a quarterly update. They are inviting further regulation.
MCIG has done many things right. However the CEO should be much more visible and be out there firing up the troops at this point, or giving some oblique guidance about VCIG & LCIG. I'm holding but a bit disappointed.
Q at the end means a stock that is going thru a bankruptcy.
While it may go up to 50 cents a share, you have to be careful since at any point all the shares can be wiped out or liquidated.
Since the Profit guy is involved it could pop up to 40 cents. who knows.
The MCIG tracing is interesting, but apparently c/w a general media blitz against ecigs, asking for regulation and showing negative press over the last few months.
LO and the MJNA index are steady. This seems to be a move against ecigs in general which was predictable as any new product will incur regulation and taxation.
The ecig market is under attack from all sides so that is probably the best explanation right now. I believe in the future of ecigs. Does anyone doubt that big tobacco is going to somehow make sure ecigs are bulletproof and profitable over the next 10 years?
The default RSI is RSI 14 which is not necessary to specify. Anyone who uses any basic stock chart beyond intense shorting day traders would understand that. I am not an expert or a day trader.
The average penny stock trader knows that RSI 14 for MCIG dropping below 30 suggests an oversold stock. The stock is up 5% today. Nothing else needs to be said. Let's all try to be civil. Some of us are day traders, some are paid experts, and some are just trying to have fun. Please be nice
Does seem very odd that it's so poorly publicized considering its interesting spin.
Are they just trying to get bought out?
I'm going to keep buying. I like Manhattan Office Space even with increasing interest rates.
I am concerned now that it has broken support from .44.
It shouldn't have, but the entire sector is down.
The CEO should issue a statement.
This is what's wrong with pennies and why it's time to impose more stringent regulation.
Allowing this sell off shows a lack of understanding for shareholders.
Guidance is necessary here.
Where are the VitaCig & LiqCig updates?
The bottom may drop here. I'm holding only because I truly believe in the sector.
Long VOIS MCIG.
As we've all been saying - it's all speculative. If you believe that Abrams can leverage the product, it's worth the price.
Does the product even work? Is it practical? How do you market it?
I'm still skeptical. I'm holding for a quick deal and a buyout in 2014. Now that there is a product, speculators should come in next week.
These major drops are not a good sign.
I am now very concerned that it's going to drag on to develop the headset, and by then we may
be looking at a triple zero stock.
I'm holding very reluctantly. This is total speculation at this point.