We also have to get thru the short pre 4th of July holiday week. When people get back from their long weekends next week, things generally will pick up. I wouldn't be surprised to see HJOE volume and price pick up next week, possibly as early as Monday morning. Go Joe. GLTA
And wonderful bounce off the rising 50dma as well, to back above the 200dma. The crossover is getting closr. Gotta love it!
Love the chart, love the shake out and upside reversal, love the light volume on a down day. Anything is possible, but this looks to be setting up beautifully for a major run. Just a million more shares, but slowly adding at select times. Strong and accelerating organic growth is just about to kick in. This little spec play is rapidly becoming a vey legit play with tremendous potential beginning now, not at some distant date. Any other issues, they will take care of themselves perfectly fine as strong and accelerating sales and revenues always do GLTA
Nice close Friday above the 200dma on increased volume. Very nice close today on even stronger volume, a clear and important follow-thru day to Friday's close, confirming the move back above the 200dma, even better because it closed right near the high for the day. And for the first time in a very long time, the 50dma is nearing a cross back above the 200dma, a classic and very important longer term indicator. From a technical perspective, this stock is very well positioned to begin a major run any time now, even as soon as tomorrow, Tuesday, and given the duration of the long term basing action, as well as the more recent consolidation at these higher levels, there is tremendous technical support beneath the stock at present, providing tremendous support for a new launch higher. Technically, with this next run higher, a break above the more recent $.0092/.0093 resistance level would also be very well supported. This thing is ready to take off. And when it does, a move above $.01 would signal a major new uptrend, not just another temporary spike. Give us some great new news, or even better a series of it, and look out, we're off to the races boys and girls, and then some. And it couldn't happen at a better time, what with the fundamental side just launching what gives every indication of being strong and accelerating organic growth. This appears to be the real thing! GLTA
I would add, this morning's strong volume pace and move higher, is, if it finishes strong, a very strong follow-thru day to Friday's increased volume close above the 200dma. Follow-thru days like this are very important. It's great technical action that makes your scenario even more likely. And once it breaks above $.0044, look out, there isn't any more resistance at this point until $.0092/.0093.
Oh, and I like this little reference I found in one of the tweets: "...organic growth pps!..." Little ol' HJOE is clearly moving into the organic growth world, and that, my friend, bodes extremely well for us investors, near term and long term. GLTA
Good input, though as much as I want them to buy back as many shares as possible, IMHO I don't want them to do that yet if it takes needed cash away from accelerated productions and sales. That should be their priority for now. Of course, that's just a general thought. I do not the inhouse details. With new contracts signed, and apparent strong early sell thru for repeat sales in Asia, they may have ample cash flow projected in the coming months and quarters to handle both.
I've seen twitter references from HJOE that reference this mysterious partner sending their staff, sales, distributors, some number and type of staff, to HJOE to be trained. I have also seen reference either yesterday or today to someone from this mysterious partner taking over HJOE's social media responsibilities from the current apparently French woman who makes so many types. I reference these two tweet topics by HJOE from among so many because the first, though not out of the realm of possibility, seems a little out of the ordinary, but because the second absolutely seems very much out of the ordinary. What firm out their puts another company's employee in charge of their entire social media efforts? Sure, a firm might contract out to a third party, but that is not the relationship HJOE has been suggesting they'll be having with this mysterious new partner. Though seemingly unlikely on its face, an outright merger, or buyout of HJOE would be a circumstance that both of these would easily explain. Then today I see that someone, I don't know who, posts an old tweet apparently from 2011 about Glazers possibly buying out HJOE. Interesting timing. And the problems they had with their old manufacturer would easily explain why that buyout if it were real back then might have been put on hold. Just rampant speculation on my part, but there is a thread of basis for it in the above referenced tweets. That would certainly be BIG news. I could only imagine what that buyout price might be. That said, it seems very unlikely because in just another year or so I suspect HJOE could command a dramatically higher buyout price, unless Glazers offer, if it does exist recently, was high enough. Just a little Saturday night imagination at work. GLTA
And the 50dma is quickly approaching an upside crossover of the 200dma. The chart continues to take shape very nicely. Great things ahead! GLTA
correction, in the last two lines: world, not worth (penny stock world)
I do recollect a website that specialized in pink sheet stocks back around 2007, but I do not recall its name or web address.
The best source is probably your dart board. There are rare exceptions, and I hope, and believe, with ample and increasing evidence to support such, that HJOE is one of them, but I learned long ago that by and large the penny stock world is not worth the risk.
Now, if you must, my suggestion is to experiment with a number of the different stock screeners available out there. TD Ameritrade has one for instance for its customers. Put in your criteria, such as stock price less than one dollar, and see what comes up. Other criteria might be number of outstanding shares, quarterly revenue growth numbers or that quarterly revenue is accelerating the last two or three quarters, or sales, and any number of others, then investigate the charts of the results to further narrow your selection, then investigate their stories and more detailed due diligence. Now, you'll miss a lot this way, but you may be able to increase the quality of your selection. Another option is to explore various message boards regularly, and make a note of any stock symbol the participants reference; the problem with this route is that you have less control over the outcome and may end up wasting a lot of time. I have done both of the above approaches in years past, and others, but ultimately rejected the penny stock worth as a regular source of investment ideas. Good luck.
I have my opinion. But you gotta love that the 50dma is rising and nearing a crossover of the 200dma for the first time in a very long time. GLTA
As important as the triple bottom you refer to is the upside reversal bounce off the 50dma, and the fact that the 50dma, after being below the 200dma for so long, is rapidly approaching an upside crossover of the 200dma. That is a serious, long term technical indicator. Combined with many other technical indicators that apply here, little HJOE's chart is shaping up beautifully, not just for a significant bounce, but for a significant, longer-term uptrend.
On a related note, this stock's chart is setting up to potentially show all the principle criteria of the ideal chart and ideal buy point for an emerging long-term growth stock as laid out by Stan Weinstein in his book Secrets For Profiting In Bull And Bear Markets--a technical analysis goldmine. A worthwhile read, along with Reminiscences Of A Stock Operator by Edwin Lefevre (ghost written for Jessie Livermore).
I like it. Good catch. Your speculation is a bit more level headed than what I just referenced, but still, is it typo's or is it intentional? Either way, yours is the bigger news, at least initially, because it would mean we're even closer to big numbers starting to roll in. And accelerating after that, wow, look out!
Your input is always well reasoned and appreciated, Thunder, but on this one, I'm with schumutzer. I see a penny as the low end of where this could go near term, and with the right news, I absolutely see a swing as high as 4 or 5 cents as doable, and eventually a serious uptrend thru that.
On a separate point, I am intrigued, a little anyway, as to why in that one recent Twitter post, it was either today or yesterday, HJOE capitalized the word "Sucker" in the same sentence that they capitalized one of their products. At first the use of the phrase "Sucker punch" seemed odd, for that has a negative connotation, but they used it in a positive way. Then I noticed the capital "S" on the word sucker, as described, and it got my attention. Add that to another twitter post today where they referenced "on a stick", a strange use of words even for HJOE. And then I remember the post a few days or a week or so back where they corrected someone and said something to the effect that it wasn't about the "Beverage" world. Trying to tie all these together is likely my imagination, and hope, running amuck, and I am not making a big deal out of it, none of us should, but not knowing everything they have up their sleeve that is coming, it does make me wonder if these word choices are something more than coincidental. Shhh, don't tell anyone. :-) It's just fun speculation really, but I did note it, and I did wonder. It's just that there are so many typo's in their tweets, that I can't really be sure of anything, other than wondering if it's more than coincidental.
Technically, it's a positive sign, one that often begins a move higher. Either way, as time is going by during this current consolidation, this new, higher base is gaining longer-term strength, which will lend itself to an increasingly greater amount of technical support for both the next run higher and for the longer term uptrend. The chart is shaping up beautifully.
Technically, I absolutely love the way this is performing. And with the fundamental story just getting better and better, I see great, great things ahead, beginning very soon, and accelerating after that! GLTA
With all that's developing on the fundamental side, and the duration of the current consolidation at these higher levels, I wouldn't bank on them succeeding too much longer.
If one can't stand volatility, one should not be investing, certainly not in the penny stock world. That said, technically speaking, this chart looks great. Maybe it drops a bit further, maybe it rounds out and begins up again shortly. Either way, as time and consolidation occur here, the base is becoming ever stronger from which to launch the next big rise. And make no mistake about it, given the couple of big runs so far, and the time that has gone by during all this consolidation, there is now ample base underneath, ample healthy base, to support a blast up thru the recent $.0093 high, past $.01, possibly $.02 or $.03, with news, even higher. With a story like this, with so much literally on the verge of happening on the sales and revenue side, it is so much more than just a story, and even with the currently high o/s count, this could go a lot higher. Give us proven, accelerating sales and revenue figures in the coming quarters, and all bets are off. The market is in the multiple billions, and little ol' HJOE only needs to grab a small percentage market share to warrant significantly higher share price. If that happens, and I see every indication that it will, whether the company does a share buy back, possibly with funds from the outstanding settlement that is likely coming up soon, possibly with funds from accelerating sales and revenue, or if the company does a r/s, but from a position of strength with proven and accelerating numbers first, which is the circumstance r/s's are most effective for the company and the shareholders, then we will all be sitting very pretty here, with dramatically higher value for our shares.
Do what you want, but I laugh at all these people who try to use message boards to manipulate a stock. This will move despite them.
I appreciate creative thinking, but in this case, I doubt it very much. Pot is not approved in anywhere enough states to make it worth while. Of course, anything's possible. Well all learn soon enough. GLTA