And the growth, accelerating growth, evident in the underlying story is exceptional, and makes a buy now very timely.
I agree. And today's follow-thru to yesterday's action is a great next step in that direction.
The word selection of the twitter post suggests at least three orders--the original order, a re-order, and then "another re-order". Of course, there could have been more. Either way, this is great. This means end-users/retail customers are buying, and likely repeat buying. Anecdotal, but relevant. Add in the stated fact of strong results when SMS was test marketing, and the strong demand for dealerships since, by all established SMS dealers and others, and one could reasonably argue there is more than just anecdotal evidence supporting strong results going on here. GLTA.
There are a number of things that are less than ideal here, the filings and thes high o/s count the big ones, but if they keep performing on the expanding Distribution and Sales side, domestically and internationally, then all of that will be set right over time. The fundamental growth story here seems to me to be as real as it gets, and the potential here seems tremendous, for the company and the investor.
The stock did not hold the key 50dma and 200dma, but it has found and is building its own support just beneath the 200dma, which is a very positive thing, especially as the 200dma continues to level off and get further and further removed from its downtrend. With each passing day, the "time element" as Jesse Livermore used to call it, the stock's chart is showing a stronger and stronger base from which it will hopefully launch and begin a new uptrend. The light volume during this period is positive as well. Now, this could go either higher or lower from here, and below the $.0015 level there is no real support, so I am on pins and needles until it makes its choice, up or down.
I would add that with each passing day and week, the fundamental story just keeps getting stronger and stronger as well, so time does work in our favor in terms of an eventual, sustainable uptrend.
Long and strong!
"...Hangover Joe's Inc @TheHangoverShot · 25m25 minutes ago
Today were sending another re-order pallet to Douglas Companies. The brand is selling out of stores in Arkansas, Oklahoma, LA, Kansas!..."
I found the following pull-quote from a recent HJOE twitter post interesting: "Nice, Yeah SMS has all their Tabasco Dealers easily adding on $HJOE now to their already established Accounts/Routes."
It seems to me this states that all of SMS's existing dealers are now confirmed to have purchased HJOE dealerships for their territories, which if true is very positive. It also suggests that all these new HJOE dealerships being sold are to new dealers, expanding the breadth and depth of SMS coverage with each one. Gotta love it.
And if I remember right Cure Korea distributes not just in South Korea but Japan and China as well. And since these first shipments were just for South Korea, we can expect a significant ramp up in orders from them going forward. It's both half the money upfront and the size and number of orders coming that are worth noting.
"over 700 bottles since June", that's a sales pace at one location, apparently a relatively small location to boot, of roughly 20 bottles being sold thru per day. That's freak'in great! That kind of a pace is frankly much better than I had dared hope. And with all the locations large and small around the US and the world, and growing, this little hidden gem of news is excellent! Little ol' HJOE is going to become Big ol' HJOE, and sooner than many people yet realize. Go HJOE! GLTA
With every day that is passing, the chart just looks better and better. After recently breaking back down thru the 50dma and 200dma, the stock found its own support not far below, it then moved back up to the 200dma, finding resistance in that area, as would be expected, and volume has since totally dried up. Looks like a move higher is likely imminent. And this time, not only is the 50dma already above the 200dma, but the 200dma has pretty much leveled off and I no longer falling. This too sets up nicely for a new and sustained uptrend. And that's just the technical. The fundamentals growth play here is now as real as it gets!
Time will tell, of course, but with every day that passes, the 'time element' as Jesse Livermore used to call it, this chart just looks stronger and stronger, an increasingly strong base from which to begin a serious uptrend. IMHO. GLTA.
Time will tell, of course, but I like yesterday's uptick on slightly increased volume, and the fact that the stock is now testing resistance at the 200dma. Given all the time this has been consolidating since it's run began back in May, the chart has shaped up beautifully.
They'll have to own those shares themselves in order to retire them, and I do not know how many of the o/s they currently own versus would have to first buy back. That said, whether the company achieves any necessary share buyback for this purpose thru cash from increased revenue directly or thru cash from a traditional loan based at least in part on increased revenue, this is my favorite of the many options potentially available to them.
Nope. I'm fine. Actually, as the volume kept drying up and the stock kept not breaking down, despite no obvious support beneath it on the chart, especially once I saw the bid begin to pick up, I bought back in over the last few days. I had lightened up between $.002 and $.0022, and bought back in over the last few days at $.0019, so I actually ended up with a few hundred thousand shares more in one account more than before lightening up, and a little over a million more in the other. So all is fine. We're not yet out of the woods, but it's a start.
All the recent support levels, including both the 50dma and 200dma have turned from support to resistance with this recent drop. And it concerns me that it did not rally right back above at least the 200dma, in the form of a last shake out before resuming its rise. Instead, it fell below all that support, and is holding on, barely, at those lower levels. The recent low of I believe $.0015 is a very small amount of recent support, but other than that, and it really isn't much, there is just this huge precipice beneath us. And worse, other than a little natural support at the even number $.001, the next real support is well below that, around the $.0003 level. From a technical perspective, it's scary. I'm sitting on strong profit, nowhere near what it was, but still well up, and I decided better safe than sorry, so I lightened up. If it does fall, I can eventually buy back in at much lower prices and get better leverage. GLTA with your own decisions. Right now, with volume effectively dried up, this looks like it is about to go one way or the other, with the downside more likely.
I assume you mean "filing", not "filling". I read a post about that a while back, but don't know first hand if true. The recent big volume sell off was reminiscent of such, but I just don't know. I hate thinking there is more still to come, just waiting to be unlocked in one way or another. A simple slow drift downward would hurt too, for those can drag on. As always, time will tell. GLTA
I'd suggest caution here. Testing of the recent $.0015 low looks very possible, and if another round of volume selling kicks in, be it more "old" toxic financing selling out to take the cash rather than the risk, which is common for that type of player, or another round or short attacks, whatever, and all bets are off as to how far it might fall before finding solid support. $.001 is a natural support level, but there is nothing in this stock's chart to supplement that natural tendency. I may be long and strong, but I am in no rush here. GLTA
Nice to see a close for the day like that.
The expanded news today is very good, but frankly, it's the accumulation of what we have been learning that has me excited. And I just felt like expressing that. This looks to be the real thing. Glad we're onboard!