Official Penny Stock Day Trade / Short Term

melodymelody wrote: ↑ Congrats everyone on MVIS! Like I have been saying, do take some profit on the way up. Doesn't mean you have to sell everything, but MVIS is as volatile as it gets. I started at $2, sold at $6, got back in at $9, sold at $12, and then again got in at $15. Sold some and riding the rest, and will buy more when it dips.

Faken has done an amazing job with running this thread and keeping it friendly, and giving out good stock tips to boot! Thanks again!!! Looking for another MVIS? I think Faken is also deep in a couple of other stocks. I like his CIDM recommendation and I have been buying since $1.25 but unfortunately I also bought some at $2 and so my average is higher than I would like! In another stockpicking group, the shotcaller is also very bullish on CIDM but please do your own due diligence!

Good luck to everyone tomorrow! I am looking to sell my MMED and hope things will look good!

tietherope wrote: ↑ I don't know what it looked like before but know it was a complaint of many. FORT has updated their website I'm told. Hopefully financials tomorrow.

https://www.fortresstechnologies.io/

"Strong balance sheet comprised of $29 million total asset value including $24 million in cash/GICs/Bitcoin"

KEY SHAREHOLDERS
Private Placement Investors
42.1%
Founders, Officers, Directors, and Advisors
30.9%
Friends and Family
19.4%

faken wrote: ↑ Their website still looks terrible lmao.

geokilla wrote: ↑ OCGN... I don't get you. I played you when you were literally pennies and now you do an offering and stock goes up?!

JRGUINNESS wrote: ↑ I have a position at around $2, and think @CDNGreenTrader just entered not to long ago.

But keep HEXO on your radar for Canadian MJ companies.

They have always said they wanted to be a CPG company, and they believe partnerships is the way to go.

Hexo + Molson = Truss.

Anyway, they recently filed they wanted 1.2 Billion then trademarked the word and sign for "Bake Sale" and "Hexo FLVR" They were also just recently given a new license for R&D. This license is for “Cannabinoids Products Formulation and ***Consumer Palatability Testing*** to Ascertain Consumer Preference”.

Kraft/Heinz also moved back to Canada, but switched provinces from Ontario to Quebec. Kraft/Heinz years ago broke off its confectionery division and called it Mondelēz International, Inc.

There's alot of assuming here, and it's thin, I agree. But it's also just thought provoking enough to possibly hold some maret. Based on last fins, it's at least a better Play then some other MJ companies.

Not advice, all thoughts are my own, just sharing some D.D

tietherope wrote: ↑ I don't know what it looked like before but know it was a complaint of many. FORT has updated their website I'm told. Hopefully financials tomorrow.

https://www.fortresstechnologies.io/

"Strong balance sheet comprised of $29 million total asset value including $24 million in cash/GICs/Bitcoin"

KEY SHAREHOLDERS
Private Placement Investors
42.1%
Founders, Officers, Directors, and Advisors
30.9%
Friends and Family
19.4%

spike1128 wrote: ↑ If anything. You need to buy more.

melodymelody wrote: ↑ Hey - can you point me to where I can read up more about the rumored stock split? I suspect that's the reason AMZN jumped 2% today. I use the word "jump" because it's been trading sideways more or less for the last 9 months and only showing signs of life the last month or so). Nonetheless if there is one stock that I absolutely do not hesitate in holding long term, that's AMZN. You might not get the gains as something like ZM last year but AMZN is a well-run company and going places.

CDNGreenTrader wrote: ↑ I don't know if most people realize their efficacy against these COVID variants.

With EUA in the US, I'm thinking minimum valuation of $5B but more likely closer to $10B.

So basically risk - minimal at best barring an absolute disaster in additional trials.
Reward - 3-6x

geokilla wrote: ↑ What's this COVID play OCGN is involved in anyways? I used to follow them when they were doing clinical trials for their vision stuff.

melodymelody wrote: ↑ Congrats everyone on MVIS! Like I have been saying, do take some profit on the way up. Doesn't mean you have to sell everything, but MVIS is as volatile as it gets. I started at $2, sold at $6, got back in at $9, sold at $12, and then again got in at $15. Sold some and riding the rest, and will buy more when it dips.

Faken has done an amazing job with running this thread and keeping it friendly, and giving out good stock tips to boot! Thanks again!!! Looking for another MVIS? I think Faken is also deep in a couple of other stocks. I like his CIDM recommendation and I have been buying since $1.25 but unfortunately I also bought some at $2 and so my average is higher than I would like! In another stockpicking group, the shotcaller is also very bullish on CIDM but please do your own due diligence!

Good luck to everyone tomorrow! I am looking to sell my MMED and hope things will look good!

bestknightmare wrote: ↑ so i am of cousre newbie at this.....2nd week.
so in the above scenario...you buy and sell and buy and sell...but the price of MVIS is still going up. so mathematically, do you still protect your gain this way? you are still buying more at a higher price whether you cash out in the middle and buy back again. you actually end up paying mroe transaction fee at least.....

can someone give me some enlightenment on this?