Yahoo boards prize free speech.
However they do not permit derogatory or harassing language. We are all able to flag and report inappropriate behavior and i suggest that folks on here do just that.
Let's all please respect the terms of these boards. We all know that there are paid promoters on both sides of every stock and every politician and every cause in the world. Since very few have inside information, it is best to your own DD.
As to MCIG, the RSI 14 has bottomed out most likely. The other ecig stocks have also struggled with anti e cig media coverage.
If you want a sure thing, buy big tobacco stocks. They would be the most likely entities to hire paid bashers wouldn't they? Who else would most like to bring down the penny stock ecig companies?
So the next time you read organized bashing of ecig pennies, just remember that this could indeed be part of big tobacco protecting their profits for the next 10 years.
As always, if you can't afford to lose every dime, don't buy pennies.
If you want to speculate in ecigs right now, MCIG seems a bargain as the RSI 14 shows it is oversold. ECIG is trying to uplift and seems ready to do so. VPOR has an idea to franchise cape stores which is interesting as well.
If you wish to argue with the RSI 14 of MCIG, please go to stock charts and StockTa and rant there.
Sentiment: Strong Buy
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
As you are obviously very well informed, if not well mannered, perhaps since you frequent this site so often Mr. "Morax", you might suggest to us "losers" some equities or investments that you recommend.
I'm sure many of us would be interested in any alternatives to MCIG which is obviously a toxic stock in your estimation.
Since you have such strong opinions and are free with them, why not tell us what stocks you hold and recommend?
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
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.
I'm not promoting or bashing, I'm offering my disappointment in the entire penny stock system and the SEC oversight. But that's the state of penny stock investing as a hobby. no one should do it.
I'm holding my MCIG shares, but am very disappointed with their IR dept and their CEO. A statement should be made in these circumstances.
If the price drops under 30, i'll buy more. I expected more transparency and responsiveness from MCIG IR. LONG VOIS MCIG ECIG
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 .
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
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?
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.
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?
ok. all good points. i'm buying more. nothing personal mcig.
i just feel that if this is the best that pennies can offer
the sec should definitely insists on higher
standards all around.
Long MCIG VOIS FB NYRT DIS VXX
I'm still long because I strongly believe in the ecig / vapor / MJNA / LCIG / VCIG idea.
I think that in the future it's worth being more aggressive reaching out to their IR folks.
I would expect 36 cents to be the short term bottom, with some renewed interest in the stock come September. If they can't get their VCIG IPO act together soon though, there is reason to start doubting their ability to execute.
I am concerned as well. The CEO claims to be a different kind of ceo with a different kind of penny stock.
He claims he wants to uplist and do everything right. If that is the case I would expect some statement after Labor Day, or sooner.
This is why the SEC must start to crack down on pennies and amalgamate them into one exchange with new limits. They are asking for very high risk premiums and drawing in folks with very limited information. I think even the republicans would ask from more transparency for pennies.
Pennies should be required to issue monthly rather than quarterly statements unless they uplist. It's really common sense.
I do think MCIG is a different kind of penny with a better risk profile in an explosive market. However if they truly want to uplist and be viewed with respect, they need to address investors more frequently, adjust the share structures, and offer more direct statements from the CEO. Holding for now. Still waiting for VCIG dividend but it's becoming speculative.
HOLD - VOIS MCIG
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.
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.
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.
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.