Thanx. I'll try and get back in soon, possibly with ecig and vpor as well. There IS a purpose and there can be learning and good sharing to these message boards if people are nice and follow basic courtesy.
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.
Agree with these comments. Totally speculative, fantastically disruptive and beneficial concept, with incredible challenges to product reliable, practical working prototype.
Having a public health back ground, and having worked with the disabled and the homebound for many years, this is only one of two pennies. It captures the imagination, and adding Abrams kept me holding. I dumped some shares recently.
Originally the company was aggressively seeking a buyout and got nowhere and didn't like the terms. Who knows. They have a good IR dept that is very responsive. Stock pumps will come if they can settle on a real prototype. Lottery ticket to ride out a time where cash is the probably your safest bet.
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.
Same here. Kept half my stake because a lot of this is just a bunch of blowback against ecigs while self righteous public health people and municipalities attack something that is actually a big step forward.
It's a shame. Ecigs are a great advance. People will continue to use nicotine. Ecigs are a great way to get some of the power away from big tobacco. Unfortunately the small companies like NJOY and LOGIC aren't public so you can't buy them.
Speculation is the only way. Still hanging on to some MCIG and VOIS. VPOR could be interesting if they get approval and interest in franchising.
Naked shorting move on.
What do you see as a good re entry point?
Unfortunately the entire sector is getting slammed with all the recent regulation and tax issues.
A real shame given how much big tobacco is going to make.
I'm a public health professional, and have seen every advance benefit big tobacco.
ECIGS will probably do so again.
Better to wait until all the bad press is done to get back in to the ecig sector, and the regulators wake up to the fact that this society consumes billions of cigarettes daily, and isn't going to stop ever. Nothing helps people quit smoking reliably. NOTHING. Ecigs hold the promise to help millions. But apparently big tobacco is the only safe way to play the sector right now.
At this point, these smaller companies can't compete with NJOY, BLU, LOGIC.
I've been supportive of MCIG all the way.
But with no good news coming awaiting, it seems time to get out and get back in later when the market shakes out and share structures are more promising. Very sad.
If you want a more promising but highly speculative play I'm still holding VOIS.
Sentiment: Strong Sell
Supposedly the naked shorting is supposted to push this down to .0013 where we are right now.
It's a wild gamble, but if you're going to speculate, now is the time according to investor hub.
Sentiment: Strong Buy
I'm sorry but it's too little too late.
I love what they're trying to do but they don't have their act together.
Instead of the IPO they should be focused on keeping some attention to the stock price at this point.
Neither is proceeding well.
I'm going to start looking into VPOR and ECIG.
Patience is one thing, this is a major sell off that makes the stock look like a typical pink.
Maybe it will rebound, maybe not. Now is the time for cash unless indicated otherwise.
I'm selling half my stake.
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 .