Tag Archives: Marijuana stocks

ELED Chart update

Chart update on ELED

 

First is the chart I posted in the comments a week ago. As we can see the support at the 50-day moving average gave though.

 

The second chart will show an example of how this drop could have been predicted. As you can see on the second chart there was a decline in volume. When a penny stock comes down to a level of support you want to see buying volume start to increase. Buying volume helps power up the support and brings new money in which builds momentum that can push the stock to the next level of resistance. Once a level of support gives fails it becomes resistance. Likewise, once resistance is broken through it then becomes a level of support.

ELED chart

 

As far as the future outlook on ELED chart wise a positive sign would be to see a bounce to .02 with double the average daily volume you have seen over the last week. You would most likely hit resistance at .02 get denied once and need to create a triple bottom at .015 range. If the 3rd bounce off of .015 also had an increase in volume you could see a bounce to .03 and test resistance there. On the flip side, If support at .015 doesn’t hold ELED will most likely come down to support at around .01, most experienced traders would load ELED in the .01-..0115 range and then flip it at resistance around the .014-.015 range.

ELED future support

 

 

Again this is just my opinion. Everyone should make their own buying and selling decisions.

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Is Exeled Holdings INC. OTCMKTS ELED being naked shorted?

Is Exeled Holdings INC. (OTCMKTS:ELED) being naked shorted?

In our opinion we don’t believe that it is naked shorted. That usually just happens with commodity ETFs. Naked shorting sucks because there is nothing you can do about it. Market Makers will short a stocks like ELED because of the enormous break out it has already had. Having a market maker or a trader short is much better for investors than having it naked shorted. The reason why is they are more limited in the amount of time they can short. If their shorts don’t cause panic and major sell offs then the shorters will get very nervous. If some major rumors or catalyst come and the stock has built enough legs you will have the potential for a short squeeze.

That is what happened last year another Marijuana stock. The stock started out sub penny and ended up over 25 cents a share. Once you have the float locked up on a penny stock the only real enemy is if there are note holders selling or CEOs either increasing the Authorized shares or doing a reverse split. If either of those happen that is usually when you want to quickly exit the stock. That is why it is important to read the SEC filings. Here is a link to teach you how to do that. https://awesomepennystocks.com/learning-sec-filings/ The only other thing to watch is the Level 2. On the level two you want to learn to be able to tell the difference between someone selling a Note (toxic financing) or someone who is shorting. If MMs(Market Makers) are shorting they will be on both the bid and the ask. I have also put together a short training for reading level 2 at https://awesomepennystocks.com/reading-level-2/. It is always good to learn as much as possible when it comes to penny stocks. There is a lot of money to be made and also a lot to be loss.

As a group I always encourage being completely open with each other. Don’t criticize someone who ask questions even if they appear to be negative. Skepticism is good to have as well. Smart skeptical people help a group out and also help bring in big money investors that are more analytical with their decision making. With that being said there is a huge difference between an educated skeptic and someone that just bashes everything without backing up what they say with something you can read and learn from. In penny stocks there are people that get paid who have fake aliases to both bash stocks and to pump stocks. Each stock will most likely have a few paid promoters/bashers working both sides. I haven’t had a chance to dive in and read ELED sec filings but I would recommend doing it even if you are new. Our SEC Filings free training link shows you how you can search for a company’s SEC Filings.

As far as ELED is concerned shareholders should actually be rooting for the stock to stay in the .014-.02 range for the next 2-5 days. Especially if the great volume keeps up. If you go back in time when it was in the .003-.004 range there were a lot of investors who were scared thinking that it had peaked. What they didn’t realize is the stock was forming a leg. At the .004 range it formed its B leg. This is where the stock developed solid support. It had it’s traders that bought from .0008-.0013 (Where Obi Mbawuike first alerted it) and sold it from .003-.005. So new investors and savvy investors that understood it was developing legs bought at the .004-.005 so this was the new base. You want to see a new base or leg happen from .014-.02 This will allow anyone who is on the fence on whether or not they want sell to get out and take profit. As long as there is enough buying power to absorb the flippers shares and to lock in the short sellers it will develop and that is where magic run number 3 can happen.

If enough shares get locked up from .014-.02 What will happen is there will be a share shortage. Meaning that most of outstanding shares will be owned by people not willing to sell and the remaining shares will be hard to get. These creates a supply and demand surge. If an unfortunate market maker shorted 1 million shares at .015 hoping he could cover at .01 and make 50% from a sell off and the stocks does the opposite and goes up that Market Maker gets stuck in a short squeeze. The Market Maker has to buy back 1 million shares in a limited amount of time, and since they have taken the high risk of shorting a penny stock they usually have to a lot more money (sometimes millions) sitting in their margin that they can’t touch just incase things go bad and they guessed wrong. When a penny stock shorted at .015 quickly goes to .03, short sellers will start covering their shorts which means they will be taking quick losses and buying shares at the .03 to cover. Well when you buy a thinly traded stock fast its price shoots up even higher! When happens this creates a buying frenzy also what we call a blue sky break out. Now the Shorters who didn’t buy back quick enough will have Margin calls coming in. This is where their brokers will automatically start buying shares to cover. Most will also have stop loss kick in which will trigger and you can see penny stocks have unbelievable gains. Now an example of this happening was CYNK Technology. The stock went up 24,000% So investors lucky enough to buy $10,000 in shares when the stock was at the bottom saw their accounts go up as high as 2.4 million dollars! Now short squeezes like CYNK are not typical. That is why you want to actively watch the Level 2 and read SEC filings and learn as much as you can. Congrats to everyone who had already made money on ELED! Congrats to Obi on another 1,000%+ gainer!  

Everything in this article is for entertainment purposes only. We are not financial advisors. This article is just an opinion. Awesomepennystocks.com does not own any shares of ELED. Awesomepennystocks.com has NOT been compensated to talk about ELED.  Please read our Disclaimer here.

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Penny Stocks – Advantages to Trade

About Us

Here are our goals for this website.

Welcome to our Penny stocks website. We are a community of penny stock traders that network together in order to find the best possible penny stocks.

Our Services

Here are some of our services we offer.

Blogs
Tips, thoughts, and insight from Expert Penny stock Traders

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Everything you need to start learning how to become a successful trader

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List of weekly stocks that have the potential to breakout

Interviews
Questions and Answers with experts, CEOs, and Company executives

BECOME A SUCCESSFUL TRADER

Understand the right mindset to have.

Are you looking to make money off of penny stocks?

Penny Stocks are so addictive

Each month over 120,000  new people are searching online for micro cap stocks. This has been a nightmare for the SEC to try and monitor. People are sucked in by the potential of turning a few hundred dollars cash into millions. Just like in the movie boiler room and the wolf of wall street the people getting rich off penny stocks are the people who are suckering others into buying.

95% of people trading and investing in OTC stocks will end up losing their money. However, there are 5% of people that make a killing. How do these people make money? Is it just blind luck or is there an actual strategy at play?

The first thing to realize about penny stocks is that a lot of the information they are reporting is just partial. They will report unaudited financials. They will send out a bunch of PRs to pump stocks. They will do whatever they can to make sure people stay excited and so they can attract new investors.

People who are naive and greedy come in and buy into the hype. They dream that they have found the next Monster energy drink stock. They usually find groups that support their greed and help them buy into these false hopes. They will usually spend hours hitting twitter and Ihub telling others how amazing the stock is. Within a few months, they end up broke and angry.

So how do the 5 % make their money? They look at these companies as scams. They simply play the trends. They buy when everyone is fearful and they sell when everyone gets greedy. They take 30% profit at a time and slowly build up their portfolio. The main key to penny stocks is to be smarter than the average person. Most people starting to trade penny stocks are 18-25 year olds boys. Who have huge egos and some of their parent’s money to gamble with? They come in and usually make some money. They pump their chest loud and tell people they are penny stock gurus. This is short lived though. These fools get humbled quickly.

The key to trading these junk companies to put yourself in the scam CEOs and stock promoters position. Then decide how you would word PRs and spread the word so that people would get excited enough to buy your stuck but not push the limits too far where you would get in trouble with the SEC and get your penny stock halted.

If you can think like these scammers you can start predicting when stocks will crash and when stocks go up. A good example was marijuana stocks. These stocks went up 1000% a month before states like California and Arizona were voting on legalizing marijuana recreationally. Everyone wanted to load up so when the yes vote came in all the general public then would start to buy and the stock would go up even higher. What a lot of investors didn’t realize is that the price per share had already factored in a yes vote. You then witnessed a classic buy the rumor sell the news outcome. Marijuana stocks tumbled the entire week. Another great Marijuana stocks site was all over the marijuana vote.

This is an example of being one step ahead of the game. If an average trader plans on selling at a certain time you want to make sure you sell way before that. Always be one step ahead of the game.

Just like poker though You’ve got to know when to hold ’em, Know when to fold ’em, Know when to walk away, And know when to run.

How to Buy Best Penny Stocks while Avoiding Risks

Penny stocks are small-cap organizations that exchange outside the real trades like NYSE or NASDAQ. They are exchanged over the counter and are additionally called OTC or small scale top stocks.

Penny stocks fall into the high hazard class of speculations as a result of the numerous dangers associated with them. These incorporate constrained liquidity, the absence of money related reporting, the simplicity of control and extortion. A number of the spam messages individuals get to discuss these stocks as a beyond any doubt fire speculation with ensured overnight returns. This is not valid; truly putting resources into these stocks requires extremely cautious arranging and devoted exploration. The different dangers included are plot beneath.

• Incomplete data. Data identified with small scale stocks is constantly harder to discover. This is on account of the penny stocks are for organizations that are recorded on pink sheets. This implies they are not required to document with the Securities and Exchange Commission (SEC). They are not open to people in general for investigation and are not managed. It is additionally exceptionally hard to confirm the believability of these stocks.

• Lack of a record of past execution. For any stock venture, it is basic to mind the past execution of the stock. Be that as it may, on account of smaller scale stocks, the history accessible is verging on unimportant. This is on account of they are by and large offered by organizations drawing closer insolvency or which are new to the business sector. In this manner, there is an enormous danger in putting resources into a stock that has no believable history.

• Liquidity. Penny stocks don’t manage positioning securities exchanges. Rather they are exchanged over the counter and are in this manner alluded to as OTC ventures. Managing does not happen as often as possible so if a need emerges to discard the stocks, it is hard to discover purchasers for them. On the off chance that you can’t offer the stock you are left with minimal decision other than to bring down the costs until you find a reasonable purchase. A low liquidity level likewise allows traders to control stock price.

• No base gauges. Stocks recorded on the pink sheet and the OTCBB don’t need to satisfy certain standard least pre requisites to stay on the trade. This is an impediment for some financial specialists who purposely pay special mind to the base benchmarks that go about as a well being
Notwithstanding, penny stocks can give great returns over the long haul if watchful research and arranging have been done before purchasing them. They can be exceptionally productive on the off chance that you realize what you are doing and you know enough to keep away from the pitfalls. Counseling a specialist in the exchange before settling on a choice is fitting. You will likewise discover numerous instruments and administrations offered for brokers of these stocks that help you get the most extreme advantage out of your speculation. Joining with a full administration online broker is a smart thought.
How to Find Strong Buy Penny Stocks

In the event that you happen to be a new investor in the stock exchange, you might request that yourself how to find solid purchase penny stocks. This is an inquiry most new financial specialist’s battle with as they are finding out about how to put resources into penny stocks. There is a considerable measure of data out there that can both help and confound you, so it is critical to look in the right places to discover great, strong proposals.
There are two essential ways you can find out about where to discover great penny stock tips. You can either take every necessary step yourself, or you can pay somebody to do it for you. This choice will in all likelihood be affected by the amount of time you need to commit to taking in the ropes of penny stock exchange. On the off chance that you are a bustling individual, you ought to most likely have another person help you with this training.
On the off chance that you get the assistance of another person, there are a few ways you can do as such. To begin with, you can subscribe to an online site or bulletin that can do a few things for you, similar to instruction.

You would rather pay an authorized money related counsel to suggest their decisions for you. Frequently individuals are frightful of utilizing counselors on account of the expense, yet numerous guides essentially charge a preparing charge for every exchange, so you are profiting from their insight and capacity to nearly screen money markets throughout the day. Different consultants may simply charge a little commission rate in light of your profit, which causes them to be monetarily vested in making the correct suggestions to you as the customer.
Your other alternative is self-study. This takes a considerable measure of time a control. You need to learn all that you can about stocks, exchanging, and how to rapidly purchase and offer your stocks to secure yourself. On the off chance that you delay for even a minute you may miss the chance to purchase at an aggressive price, or you may miss the chance to sell something that is failing. You can contemplate by essentially perusing as much as you can on the point.

Look Into High Volume Penny Stocks

Not all penny stocks are high volume, but rather on the off chance that you know which ones are and which ones are not it can help you to pick which stocks to put resources into. High volume penny stocks are those that are getting a charge out of a substantial number of exchanges over a timeframe.

If you thought penny stocks were all about speculative investing you would have been right. But as you can see, we can gain good clues about where to put our money by watching out for high volume penny stocks.

Please take a look at some of our different penny stock pages.

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Marijuana Stocks

marijuana stocks

What are Marijuana Stocks?

Washington, Colorado, Alaska, and Oregon have legitimized the utilization of Marijuana. Overall, Twenty-three states altogether have made the medication lawful for restorative use. This generally new legitimization has permitted many new organizations that have some expertise in the plant to rise. Some of those organizations have opened up to the world and offer another venture specialty: pot stocks.

Any item you can envision has a traded on an open market organization behind it. Soda pops have COKE (COKE) and Pepsi (PEP), beer has Anheuser-Busch (BUD) and Molson Coors (TAP), and tobacco has Phillips Morris (PM) and so forth. Since it is legitimate in numerous regions around the nation, Marijuana additionally has organizations that spend significant time on developing marijuana. At the point when those organizations issue stock, they are considered marijuana stocks.

Cultivators are only one sub-area of this industry. These organizations spend significant time in developing the plants, and subsequent to the gathering, they offer them to merchants who are then in charge of everything else down the line. Be that as it may, those are not by any means the only organizations that represent considerable authority in weed stocks. There are likewise pharmaceutical organizations like Vancouver-based Abattis Bioceuticals Corp and London-based GW Pharmaceuticals (GWPH).

How are Marijuana Stocks Valued?

Keeping in mind the end goal to better comprehend pot stocks’ valuation, we have to know a tad bit about how all stocks are esteemed.

At the point when an organization arrangements to open up to the world about their stock, they will procure a financier. These guarantors, typically colossal venture banks like Goldman Sachs, dissect the organization to decide its value. Starting there, the guarantor will work with the organization administrators to decide a stock price.

Why put resources into marijuana stocks?

You may as of now have a few explanations behind needing to put resources into marijuana stocks, however as a refresher, here are some enormous reasons why speculators are warming up to the pot market.

  • 4 states have endorsed recreational marijuana laws.
  • 24 states have endorsed medicinal marijuana laws.
  • The legitimate marijuana market grew 17% in 2015 to $5.4 billion, as indicated by ArcView Market Research.
  • ArcView gauges the business sector will develop another 25% in 2016 to $6.7 billion.
  • After recreational pot laws went in 2012, Colorado’s weed deals have as of now hit $1 billion every year.
  • And, research into marijuana based pharmaceutical proposes it could offer new would like to individuals experiencing destroying infections, for example, epilepsy.

The weed business sector is extending rapidly as states pass expert pot enactment. Be that as it may, offers of marijuana could truly take off if voters give cannabis proposition an OK in intensely populated states like California. California was at the front line of the restorative cannabis development in the mid-90s and upwards of 1,000 therapeutic weed dispensaries as of now work there.

In Conclusion

For the canny speculator, marijuana stocks can be entirely lucrative. In any case, first, you need to weed out those that are performing inadequately and make an informed supposition on which ones will even now be around and thriving as the laws are extricated. For the individuals who plan to profit from the pot business, yet would like to lessen their danger, there are many ventures identified with the pot business, however, have comes to long ways past.  Marijuana stocks right now happen to be some of the hottest penny stocks investors are putting their money in.

List of Marijuana Stocks below. If you have a stock not on the list please comment with a little information about the stock below.

 

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