Technically speaking, it's a very good sign! I'm expecting great things from this little company, and from its stock! I believe that these prices today, on either side of $.04, are a screaming buy opportunity! Frankly, I believe anywhere down here below $.10 (actually below $.09 now) is a screaming buy opportunity! GLTA
And given that the 200dma is now rising, and that the rising 50dma is at about $.038, just a tad below $.039, this was a classic place for key support to be found, even for a nice bounce to begin to occur. I expect this will be moving higher again shortly. GLTA
The fundamental story is progressing beautifully, but from a technical perspective, human nature, it was nearly inevitable that after so major a percentage run, from the $.03's to $.09, so quickly, especially the last half of the run, that there would be a pullback before it continued higher. I did not try to rush the bottom of the pullback forming, but allowed a good 4 days to pass, the "time element" as Jesse Livermore called it, along with a significant percentage drop, and when I saw no trades this morning for a while, then a quick drop to $.039, that looked like the likely bottom, and even if it wasn't, that looked like a fantastic price to add to my position for the longer term. So I nearly doubled down, just as I planned. Time will tell, but it's now trading back up to $.05 a short time later.
For the record, I am not a professional trader. I have simply learned to factor in time right along with price and volume, how much of each varying from case to case, of course. I am building a major, core position for the long term here, and simply trading a small amount around that core at extreme moves.
It is my belief from all that I have read, that this little company has significant potential, over the next 6-12 months, and over the coming years after that. If management keeps doing the right things, as it appears they have been doing so far this year, and are just now ramping up for an acceleration going forward, then I could easily see this over $1 per share by this time next year, and possibly by the end of this year, maybe even sooner... and that would be just the start. The new "healthy" energy shot, with a second product, the hangover shot, already in place, in other words not a one trick pony, the celebrity endorsement for marketing and promotion, the Git-R-Done Energy name so complimentary to the purpose of the product, the new and improved manufacturing and expanding distribution networks already in place, and more... this is ready to run!
Yes, but every start-up company wants that, thinks that, says that. Not every one executes, however. Let's hope this one does. Time will tell. They tried to over the last year or two, and problems arose causing them to fail, or at least setting them way back. Now they are going at it again. This is very much still high risk.
The thing is, the all-natural and healthy Git-R-Done Energy product just makes so much sense, there is already a relationship between both companies with Larry The Cable Guy, HJOE has a new, big name manufacturer and big name distributor(s), fully capable of ramping up to meet Walmart demand, and not only is the marketing and promotion potential of having teamed with Larry The Cable Guy tremendous, but the symbiotic relationship between the phrase "Git-R-Done" and the very purpose of an energy shot or drink, is simply genius. I cannot imagine a better set up for success. This company has taken the trouble with their prior manufacturer last year and done everything right since. This is both a true "turn-around story" and a remarkable very early emerging growth story to boot. Hang on to your boots everyone. The rest of 2014, and 2015, holds tremendous opportunity, for the customers, the company, and the investors! GLTA
Yes, Larry is the common ground between Walmart and HJOE, and the implications are significant! IMHO it makes that avenue much more likely than simple speculation, though I suspect Walmart will be more likely to jump on board in terms of shelf space once sales begin to come in. Great thing that the formal Git-R-Done Energy launch is this month, and sales will begin accordingly. I anticipate a series of positive news in the coming months, maybe even the big W before the end of the year, maybe well before.
Off topic: Sorry for the typo's. I think my laptop has some sort of virus, for it keeps changing words on me. If it is simply spell check and auto-correct, then those have run amuck. Anyway, I think my point is made, and thanks again for the facebook link post.
The news in the company's facebook post from this morning that you provided a link to is great, but the implications for what the picture they put up in that fb post are simply huge! They didn't commit to anything with the pic, but what is suggests they are at least shooting for, if not already will into negotiations for, or better, what it suggests would be a dream come true for the investors here, especially the long term ones.
Thanks for the post, and good luck to you. GLTA
And the risk of waiting too long to Buy/Add, of assuming a consolidation of any significance is happening at any particular level down here, is that one will have to pay much higher prices. And trying to pick a point to trade out and buy back in at a lower price, that is even risker, for one risks losing a fantastic longer term position. In any case, differing opinions, differing disciplines, that's what makes a market. The way I see it, from a longer term perspective, buying or adding shares anywhere below $1, and especially below $.50 or so, is a screaming opportunity. Playing around for pennies at these low levels risks the much bigger picture, and the much bigger profits. GLTA
That's certainly possible, though it could just as easily run to .09 to .1, or .2, or .3 to .35, before any serious consolidation occurs. It will consolidate at some point, a series of smaller ones, a bigger one, who knows, but in the penny stock world, though technical analysis definitely still applies, it is much less predictable. And with a fundamental story as potentially significant as HJOE's, not to mention the timing right now, that with its launch this month it is just now getting underway, all bets are off. I for one will be adding on all big dips. I just have no way of predicting at what levels those big consolidation dips will occur. Just food for thought.
Hey Thunder. Though there is always a little 'natural' resistance at even numbers like $.01, $1, $10, $100, and there will undoubtedly be a little at $.01 for HJOE, looking at the longer term chart, I see the next key resistance as this works its way to $1, as at the $.35 level. It could get there quickly, or trend there, but I have no doubt it will get there, test it, and then break thru and continue higher. In my opinion, if management continues to make sound decisions, and if, as I suspect will be the case, Git-R-Done Energy will be popular, there is no doubt this will at some point be testing $1, and then moving higher into that much more important investor world, where "Bigger Money" players begin to take note and initiate positions. That's where the gold mine here will eventually begin to occur. For now, I'm looking for the next key resistance at about $.35.
On a different matter, I don't know if you ever checked out GTAT as I suggested, but if not, you should! And today, it is breaking out from an absolutely beautiful Cup & Handle basing pattern, and doing so on a very strong volume pace. It's $19.29 right now, and one analyst, the first in my opinion, has already revised his estimates up for the company, now estimated $87 within 12 months. I believe it is one of those rarities, a major emerging growth play, with longer term leadership potential, and it has not yet even really begun that larger move. I got into it in the $3's this past year, and I see right now, as a tremendous ADD/BUY opportunity.
Re-reading the header, I'd like to clarify, that after the last trade occurred, a Buy at $.051, a little time passed, with no one will to sell, and it was then that the Bid and Ask moved up to the listed levels. This is more positive action.
Though volume was down today from Friday's much improved volume day, today's volume was once again higher than it has been lately. Good to see as we've broken up thru key resistance around the $.04 level, followed thru on that, and are now beginning to trend higher. Trend higher, or a series of big jumps higher, either is possible as the technical picture looks so solid and getting better, and the fundamentals are timed so well, with the pending formal launch, and more going on. I really like this play, and for more than just a trade. Trade around a core if one likes, but the real play here is longer term growth, and though not guaranteed, something big is absolutely very possible!
Shorter term, I love the quote that someone posted from the company's Facebook page, about expecting to be national with Git-R-Done Energy by the end of THIS YEAR! That is one of the reasons why this could begin to move big any time now, and there are others. GLTA
Well done. As for where this stands, I am thinking this may be a case of "buy on rumor, sell on news", for the time being anyway, where the news is the formal launch of Git-R-Done Energy actually taking place here in the near future. I'm thinking, there is a chance, a good chance, that the rumor is the build up of anticipation for the launch, and that we may see further pullback around the time of the actual launch, which in this case would be the news. Anything is possible, but this would not surprise me at all.
We could see more pullback between now and the launch, apparently next week, and very possibly pullback at the time of the launch and in the days/weeks after. Then, once the launch is passed, maybe days, more likely weeks, maybe months though hopefully not, as verified sales and re-orders hopefully begin to come in and be announced, we will then see this begin to move up in earnest. And of course, if the launch is not as successful as we all hope, then the other way. Just a thought, but it would be a common thing to happen.
That means sales, re-orders and PR's proving such are underway. I believe eventually the potential here is significant, but much must happen between now and then. The company has apparently stated they'll be taking a "soft" approach to generating business, which makes sense, but makes the dramatic 5 Hour Energy type potential, if it is to eventually occur, that much further off. This also explains the low volume, and the low penny stock share price continuing. That they needed this financing (convertible notes that mean dilution), only to raise three hundred and something thousand, means that without significant revenues ramping up fairly quickly, they'll likely need further financing. One hope, however, is that they might use smart debt, as in loans or revolving lines of credit, rather than dilution, once things get going, debt that can be paid off without at some point without diluting us too much more. I'm not terribly concerned about the outstanding share count now, but it is a little more than I would ideally like, and management needs to do all they can to minimize it increasing too much more. It is possible, but time will tell. It will be interesting to read what formal PR's management puts out in the days and weeks following the launch, but revenue growth, accelerating at some point fairly early, will be key to significant share price appreciation.
I also stand corrected about one of my comments regarding the recent financing and the terms for the larger of the three (I failed to read the supplemental note that someone was kind enough to post here this morning).
Important correction/supplement: Re-reading the PR, KBM got the 45% potential discount you reference, but JSJ got 50%. That said, I see no reference to the big one of the three, Black Mountain Equities, getting any such discount. If so, it shows they didn't just use boiler plate verbage, but kept negotiating, and got a better result, much better from a shareholder perspective given that it was by far the largest note holder of the three who got no discount. They also only pay Black Mountain a one time interest charge, rather than per anum. Great job by management!
A personal thought on the last point: It seems to me that if Black Mountain either accepted or wanted the one time payment upfront, instead of spreading payments out ongoing, they may well have been feeling pretty good about HJOE's revenue prospects the first year, and wanted their interest right away. This might also explain how HJOE got so much more from them than the other two. I like it. GLTA
Absolutely correct. A point worth noting! I simply used today's closing price for the calculation, but factoring in your point, it is a bone they tossed to the note holders as an incentive. As you say, however, the bigger picture is key, namely, as share price rises, potential dilution, if any, declines. Good job, thunder.
Good news, both because they have raised a good deal of money to help further fund their launch and early expansion needs, and because if at some point the notes from all 3 firms are converted, they will total a maximum of about 7.3M shares, at today's $.042 per share price, a smaller number as share price rises. This will be a small dilution, if and when it occurs, and will more than likely be piecemeal rather than all at once. There are also further restrictions placed on the 3 firms regarding how many shares they can get thru any conversions they do down the road.
On the personal opinion side, I find the scaled pre-payment levels, should the company choose to pay these notes off early rather than have them convert, of interest. One, I like that management clearly had the shareholders in mind when they added this clause, for if revenues come in strong enough they will have the option of paying off and not having any or as much of a dilution at all, effectively making these loans instead of new shares issued. And two, that management put this clause in suggests they are at least weighing the possibility that revenues could come in quite fast. Both good things.
In any case, we knew the company would need funds for the launch and expansion at some point, and in my opinion, this was an excellent way to go about it, very well thought thru. GLTA
Gotta love the July 1 launch date referenced on the company's facebook page as well. Also love the reference to at least some retails accounts being confirmed, and the quality of the new merchandising stand. This just keep progressing nicely, one step at a time.
GTAT's technical chart, including the technical timing right now, appear exceptional right now as well. Fundamentally and Technically, it appears to have all the ingredients for something very special near and long term.