MYDX and NBEV - Admitting bad calls....

I haven't been shy about patting myself on the back here when I've written a bullish opinion on a stock that then goes on to make substantial gains.  I've had a number of successes.

The Bullish Calls

I first wrote about LAC.TO at $0.75 CDN and it is now trading for $1.06....I long ago took profits on that stock at lower prices than where its trading now, and when that happens I simply cry into the money I made.

http://www.avoidthebag.com/2016/04/lithium-americas-cup-and-handle-forming.html

EGT.V is one I wrote about at 14 Canadian pennies.  I bailed on it after doubling my money but its still trading up around 25 cents.

http://www.avoidthebag.com/2016/05/the-lure-of-clean-energy-eguana.html

HMPR, which is now trading as XBKS after a merger is one I'm particularly happy about, and while I have taken profits by selling some shares its one I continue to like and have maintained a position in.
It was trading at a split adjusted price of $18.10 when I first wrote about it here, now its at $26.50 after pulling back from as high as $30.

http://www.avoidthebag.com/2016/05/hampton-roads-bankshares-hmpr-great.html

RVX.TO is a stock I first wrote about here when it was trading around $1.30 CDN, its currently at $1.75 after getting up around $2.50 in October and is one I still continue to both like and hold, however fully ackowledging that it is extremely high risk in my view.

http://www.avoidthebag.com/2016/06/resverlogix-phase-iii-clinical-trial.html

ACU.V written about at .16 cents now at .185 is one I doubled down on when it fell to 10 cents.  I took some profits when I climbed up over 20 cents, but I still am maintaining a position and still think there's much more upside potential.

http://www.avoidthebag.com/2016/07/the-lure-of-green-energy-aurora-solar.html

In October I expressed a bullish opinion on RMHB when it was trading around .036 cents American. Now it has climbed to .092....it is another one where I'll have to cry into the money I made, bailing on it after a 50% profit.

http://www.avoidthebag.com/2016/10/hemp-infused-beverages-intriguing-idea.html

KUB.V has been a monster, I wrote about it in October as well when it was 2 cents...and now its settled in around 6 cents after trading as high as 7.5 pennies CDN.  Its one I continue to hold, in fact I just added to the position I started at 2.5 cents by buying more at 6 cents.

http://www.avoidthebag.com/2016/10/an-intriguing-penny-play-kubv-ukranian.html

Not too bad at all, and I'm leaving out more recent gainers like Emblem Corp.

Of course not all my calls were long plays.  I did express bearish views at times when I thought some stocks were bubbling up on nothing more than Promotion, News and Hype.

The Bearish Calls
I wrote a few bearish opinions on ZIOP starting last May when that stock was trading in and around $7 to $8 per share, now its sitting around $5.50

http://www.avoidthebag.com/2016/05/ziopharm-wall-street-sting.html

I did a couple posts on KTOV also in May when that stock was trading up around $6.60 per, now its fallen all the way to around $3.

http://www.avoidthebag.com/2016/05/ktov-what-just-happened.html

And then there's VUZI when it was up at $8.81 on its way to almost $10.  Now its fallen all the way back to $6.40

http://www.avoidthebag.com/2016/09/vuzix-time-machine-back-to-tech-bubble.html

And finally my very recent bearish thoughts on NF.CN from November when it was up around 25 Canadian pennies and on its way to being promoted to over 30 cents.  Its now trading for 11 or 12 cents and in my opinion on its way back to .02 cents eventually.

http://www.avoidthebag.com/2016/11/message-board-fun-and-games-with.html

But enough of the successful calls, I didn't get them all right last year and I am sure I will get some wrong in the future.  Two opinions I expressed were particularily bad, one long idea and one short.

MYDX is a company I wrote about this past November and one I took a position out in.  When I wrote about the PPS was trading for 2.2 cents, and I bought into at .0144 as revealed in the comments. Its most recent closing price was .0021 for a drop of over 80%.  Ouch!!!  Thankfully it was a small position, and I followed my own advice in that post and only risked money I could afford to lose.

http://www.avoidthebag.com/2016/11/mydx-another-way-to-play-marijuana-space.html

I will continue to hold MYDX (the symbol and company name are one and the same).  The company is forecasting profitability in the near future, I'm not going to hold my breath however.  A good recipe for going broke in my opinion is to believe the forward looking bullish outlooks on penny stocks. I've already booked some solid capital gains in 2017 and losses can come in handy at tax time, even if the dollar amount is small.

The bearish short opinion was expressed on NBEV, back when it was trading under the symbol ABRW.  I wrote about that stock in June of last year when it was trading up around $1.75 cents after already made a huge jump from as low as .20 cents in February and March.  Today its trading up around $4.20 and has been as high as $5.50

http://www.avoidthebag.com/2016/06/abrw-great-example-of-stock-promotion.html

My opinion on NBEV hasn't changed for the long term, but I have to admit I was wrong.  The ultimate arbiter in the market is price, and I thought NBEV had been pumped up near its limits in June, so I was incredibly wrong on that one as well.

When I get it right I'm not shy about sharing my success, but that means I have to take ownership of those views and opinions I get wrong too.  Some social media posters talk with extreme confidence when pumping and bashing stocks because they know sheep will follow strength, and admitting to past failures or the possibility that a call could be wrong, well that doesn't inspire confidence, and pumpers and bashers in my opinion (one that is often not humble) is that most are industry hacks.

Professional market players infest social media sites where stocks are discussed, that's opinion but for me its not up for debate.  The way I see things they are manipulators and bullies, trying to dominate the herd so as to shepherd the sheep into the stocks they're dumping, or out of the ones they want to accumulate.

I'll end this post here and wish everyone luck.  I will also once again cite those two maxims that I think are of critical importance to retail investors.  Firstly that nobody has ever gone broke from taking profits, and secondly that if you sell a stock and then see it continue climbing even higher, before buying back in cry into the money you made and think again about that first maxim.

Cheers.

Emblem Corp - Short interest hits almost 500,000 (EMC.V / EMMBF)

EMC has only been trading for seven calendar days, and the updated figure for short interest is only current up to December 15th 2016, so it includes just four days of trading.  The number current to that date was 483,200 and now with three more days of trading in the books it may very well be higher, and in point of fact I expect that it is higher.  

Regular readers of this miserable and pathetic little blog (I think I might be up to 4 now) know I don't give fundamental data a lot of weight, figuring it to be already 'priced in' to a stock's valuation. The reason is because most fundamental data is typically weeks, and often months old. Short interest on the other hand is much more recent, in this case its only 3 days old.  

Short interest is the one fundamental metric I follow closely because it gets right to the nuts and bolts of the market.  A stock price is determined by the laws of supply and demand, and short sellers artificially increase the available supply by borrowing shares from shareholders and then re-selling them into the market.    

One point I wish to make abundantly clear, short selling is legitimate market activity and I don't view bears as evil or anything of that sort.  Market players can look at a stock and reach the conclusion that, in their opinion, the stock is overvalued.  Expecting the price to fall they can borrow shares from the brokerages of shareholders who have margin accounts and sell them.  The goal is to buy the shares back lower, thus pocketing the difference and booking a gain.  

Longs of course do the opposite, when an investor reaches the determination, in their opinion, that a stock has potential to rise in value, then he or she can purchase shares in the hopes of selling them at some later date for a higher price than what was paid.

Pretty basic stuff.

Naturally it comes down to how many shares are being bought versus how many are being made available for sale, that's what determines the direction of the share price.  And both bulls and bears have the ability to influence the market.  When bulls storm in and buy, if they overwhelm the amount of shares available, then the price rises.  Conversely if bears are making more shares available than buyers are looking to purchase, then the price falls.

Emblem started trading on December 12th, and while market commentators were expecting it to open around $1.50 to $2 per share, instead the level of buy side interest sent the PPS up as high as $3.98 that first day on volume of over 7.3 million shares trading.

Naturally some felt that valuation was inflated, and as should be expected some obviously decided to try and profit by going short.  In just 4 days of trading almost half a million shares were borrowed and sold into the market, and based on the trading its reasonable to expect that most (if not all) of the borrowed shares were sold for more than $3 per.

Now comes the fun part.

As things currently stand short players are sitting on paper gains.  The current PPS is $2.77 and if we assume (pulling a number out of my nether regions) that shorts sold at an average of $3.27 to keep the math easy and rounding up to 500,000 as the short figure....that's a paper gain of $250K.

Not too shabby.

But here's the rub.  In order to turn those paper gains into capital gains short sellers need share holders willing to sell for $2.77 in order for them to cover.  Its the same as a long buying 500,000 of a stock at $2.77 and watching it climb to $3.27.  The long in this case has a paper gain of $250K but he can only turn it into a capital gain if he is able to find buyers willing to pay the higher price.  

Isn't the market fun?

Bears have done well, on paper, but if buying back on the cover causes the PPS to climb its possible that paper gains could turn into paper losses.  Its the same as a long buying a stock at $2.77 and then trying to sell at $3.27, if that selling leads to too much supply and a falling PPS then paper gains could turn into losses.

The thing to understand is that stocks trade on sentiment.  This is important so I'm going to repeat it, stocks trade on sentiment.  A lot of novice retail investors think that there is some magical formula or slide rule to determine whether a stock is under or overvalued.  Good luck with that.  

A lot of investors looked at a company like Tesla and saw its shares trading for $30 or $40 in 2012 and thought it was grossly overvalued.  After all the company was new and had never made a dime in profit, Tesla was bleeding cash to the tune of hundreds of millions per year.  On top of that they were issuing SEC filings saying that their previous filings for earlier years could not be relied upon because of accounting errors.  

Sounds like a short sellers wet dream doesn't it?  Hundreds of millions in losses, dilution on top of dilution, accounting irregularities.  It would be hard to argue with someone presenting the bear case on Tesla back in 2012.  But those fundamental negatives were trumped by bullish sentiment and TSLA took off trading for $100, $200 almost $300 per share in subsequent years.  And now TSLA has finally started to report profits.  Will those profits be enough to sustain the current $200 or so PPS?   That's up to the market to decide, and the primary factor will be sentiment.

But let's get back to Emblem Corp.  Right now its worth $2.77 CDN.  Is that overvalued or undervalued?  

That will depend on market sentiment going forward.  I took out a small long position on the first day of trading, because I saw (and still see) the potential for EMC to attract a lot of buy side interest. I only invested about one third of the capital I had set aside for Emblem however, because I could see it going either way after its incredibly strong opening.  

So far it has moved down from that opening day euphoria, which isn't a shock, but I also saw the potential for increased buy side interest from media mentions and the OTCBB listing, but as of yet that hasn't panned out.  With that being said I am not shying away from my $7 target by April when the Government of Canada is set to announce how its proceeding with the legalization of weed in this country.

Some interesting news has come out as well recently, with the company now authorized to produce Cannabis oils.  Oils derived from Cannabis are said to have a number of positive health benefits, and are an ingredient in some new energy drinks.  I'm invested in one such company and have written about Rocky Mountain High Brand 'Hemp Infused' drinks on here a couple times after opening a position in RMHB at .031 cents USD on the OTCQB.

http://www.avoidthebag.com/2016/10/hemp-infused-beverages-intriguing-idea.html

I am very bullish on EMC as a long term investment, given the management team and the expanding market.  Short term though anything can happen.  If bears continue borrowing shares and selling them the PPS could continue dropping.  

For those concerned with their shares being loaned out there are some things you can do, although personally I don't think it matters much because in my opinion there will still be plenty of shares available in margin accounts.  But shares held in registered accounts for TFSAs and RSPs, those shares are not available to short players.  Additionally putting a sell order in means they can't be loaned out either, although that's something you need to keep an eye on if your intention is to hold for the long term as your PPS could be hit if the stock starts to climb.

Anyway that's enough for now.  Good luck and realize that because of my long position my views are obviously biased.  Verify all information, while I try to ensure the accuracy of what I share I can make no assurances, mistakes can happen.

Cheers

MyDx - Another way to play the marijuana space

This blog is starting to generate some emails, nothing huge, one or two a week.  Last Wednesday Zane wrote and asked me if I'd consider looking into a company called MyDx Inc that trades OTCQB under the appropriate symbol MYDX.OB.  They have created a hand held analyzer that detects chemicals in, you guessed it, Mary Jane. as well as food, water and even air.  It can work in tandem with a smart phone and a downloadable free application.  

I've already written about another interesting Cannabis play in Rocky Mountain High Brands (RMHB.OB) and their Hemp Infused energy drinks, so I figured.....what the hay.  Or perhaps:  "What the hemp" might be a better way of putting it.

Cannabis, Hemp, Marijuana, call it what you want, the sector is getting a lot of...uhm, Buzz.  With California voting in favour of legislation and Canada poised to do the same at the federal level this spring it stands to reason that public companies in this space are going to be attracting a lot of attention.

I'm not going to go in depth on the fundamentals here, regular readers already know my opinion.  I consider all fundamental data to be at least weeks and often times months old. Hence in my view its already "baked" into the share price.  Okay okay, I'll slow down on the Wacky Tabacky quips....they're hard to resist.

MYDX closed this past Friday at .022 cents American, trading on the OTCQB as opposed to the non reporting Pink Sheets which I will not touch.  As of  October 12th of this year there were 150.5 million shares outstanding, giving the company a Market Cap of about $3.3 million.  

There is some promotion going on, which as I've often pointed out is to be expected with development stage companies.  They're profiled at CFN Media Group, a website that specializes in promoting the overall Cannabis space.

http://www.cannabisfn.com/mdc/mydx-inc/

They haven't been around for a long time, with the chart showing trading starting in April of 2015 in the $2 to $3 range.  That's quite a drop, all the way down to just a couple of pennies.  You can see for yourself here:

Two things pop out.  One obviously is the big drop in the PPS, and the second is the explosion of volume starting in September and carrying through to the present.  

According to news released by the company, their application was the number one downloaded free App in IOS App Store in the medical category:

http://finance.yahoo.com/news/mydx-one-app-rockets-top-141100654.html

There's another reason however why I think volume has exploded, and that reason is short selling. As might be expected with a stock trading for less than one single nickel, short interest has been very low....until recently that is.  Up until September the reported numbers of shares borrowed and sold into the market was only a few thousand, forty odd thousand as recently as July.

And then it shot up to almost 200K at the end of August and then to a high of over 2 million as recently as September 30th.  The most recent update has short interest just shy of 1 million current up to Oct. 15th.  So short interest shot up in tandem with the explosion in trading volumes in other words.

That suggests to me that MYDX is now fully "in play".  In my opinion this stock has attracted the attention of the real players, and as such I expect there to be a lot of volatility.  High frequency traders scalping large quantities for small % gains, retail investors buying and holding, penny flipping types riding momentum on swing trades.  And given the minuscule market cap, it strikes me that there is a lot of upside potential here.  

Now full disclosure.  As I write this I have no position in MYDX whatsoever, and as it says at the very bottom of this blog, I have not and will not ever accept payment in any form to write about any stock. With that being said I may very well open up a position in this company, perhaps within the next 48 hours.  

Do note that penny stocks are incredibly high risk investment vehicles.  It is quite possible that one may lose some or all of their investment when buying OTC stocks, so please take special care here. My regular readers know my favourite saying: "Nobody ever went broke by taking profits".  In my view stocks like MYDX are only suitable for risk capital, that is to say money that one can afford to lose.  

Please do your own DD and research and examine your own objectives, be they long term, short term or somewhere in between.  And good luck.  

RMHB - Climbing the stairs - Higher highs and higher lows

This will be my last post about Rocky Mountain High Brands, a fully reporting OTC penny stock engaged in the production of Hemp Infused energy drinks and High Alkaline spring water.  I've done two previous posts on RMHB starting when the stock was trading at just over .03 cents, it closed this past Friday at .0548

There are some people who contend that when it comes to penny stocks, that charts are useless. I do not share that view.  Charts are simply a reflection of buy side demand and sell side pressure, nothing more and nothing less.  Charts simply reflect the trading and are not prejudiced for or against any stock based on price, industry or exchange.

And RMHB's chart is looking very bullish.

After bouncing in and around 3 cents for the better part of 3 months the stock started making strides on October 11th after announcing its graduation from the non reporting gray pink sheet market, to the fully reporting OTCQB.  That news seemed to act as a catalyst that pushed the PPS up to .05 cents on October 12th with volumes getting up around 10 million. 

The stock then pulled back as volumes cooled off and the PPS drifted lower over the next 5 or 6 sessions, settling in an around .035 cents.  This is significant because it established a new and higher base of support.  

The next move up started on October 20th when news of a distribution agreement was released. That was the start of a 5 day run that saw volumes soar back over 10 million with the PPS hitting .07 cents interday on the 26th.  Then, as before, volumes trading dropped back to less than 10 million over the next 2 trading days with the PPS settling at its current level around 5.5 cents.  Again, this is significant because it establishes yet again another higher base of support.

Those looking to time an entry into RMHB, I would suggest watching to see if support is established in and around the area of 4.5 to 5.5 cents.  On the first run up from 3 to 5 cents investors had 4 days where the stock based around 3.5 cents before the climb to 7 cents.  If the same pattern plays out again there would be another 3 or 4 days in the 4.5 to 5.5 cent area.

This is a chart pattern that you'll hear discussed frequently, its a bullish technical pattern where the PPS climbs to new and higher highs and then settles back to new and higher bases of support. Some will refer to it as  "climbing the stairs".

The wild card with RMHB seems to be news.  Those perhaps watching and waiting to enter could find themselves on the sidelines when news comes out.  And if the pattern continues and volumes go back to 10+ million trading over several days, that's when greed can take over and get people chasing. Those who buy in just as a surge cools off are then left to wait in hope and expectation of another price/volume surge.

Those who jumped in on the first spike to 5 cents, some I am sure bailed out when the stock pulled back to the 3.5 cent area, and then they watched it climb to 7.  The stock market is never easy, and sometimes its not a question of timing, but rather of "time in".  Even the most experienced market player can get caught buying in on a spike and then watching an investment turn from positive to negative.  

That's why I think its vital to play within one's tolerance for risk.  When people play with money they can't afford to lose they tend to act more on emotion than on rational thinking.  If you're overall "big picture" analysis of a stock is accurate, then it can just be a matter of patience.

Given the low price I don't think volume of even 20 million is that significant, and I am confident in my opinion that this stock will see volumes hitting 50 to 100 million on a daily basis before this year closes out. 

Good luck all, and again comments are always welcome so long as they are written in a respectful tone and are absent any profanity.

Rocky Mountain High Brands (RMHB) - Sometimes it doesn't pay to be a cynic....

One thing I've learned over the years is that cynics are often right.  I've found those who prefer to see the glass as being half empty, that they're usually more intelligent than those who see nothing but rainbows and unicorns. 

Usually, but not always.  

Sometimes, particularly with penny stocks, it pays to see the upside potential, to look beyond past failures and to latch onto an idea or a concept.  When it comes to investments, penny stocks will often attract the rainbow and unicorn crowd, and sometimes they are the ones who are right.  

Do note, my qualification for determining right and wrong relates specifically to a stock's PPS.  If someone thinks a company is a bad investment and the PPS drops, then they were right.  If however they think a company is a bad investment and the PPS climbs, then they were wrong...and there can be times when the cynics are spectacularly wrong.

I first wrote about RMHB on October 11th after taking out a long position the day before.  Judging from what the PPS has done I made the right choice.  Here's a link to that blog posting:  

Hemp Infused Beverages - An intriguing idea for Cannabis players (RMHB)

And here's what the 1 month chart shows.  

Not a bad climb, from just over 3 cents when I took out my position, to up near 6 cents as of the most recent closing price.  In percentage terms its hard to argue with a climb of nearly 100% in a little more than 2 weeks of trading.  And I think there is the potential for even more upside, a lot more.

That's not to say its a slam dunk, there's no such thing as a sure fire winner.  It doesn't matter whether you're dealing with a dividend paying NYSE listed stock, a high flying Biotech on the Nasdaq, and not with an OTC listed penny stock, even if its fully reporting like RMHB.  In my view this is a stock that is only suitable for those using "risk capital", that is to say money that one can afford to lose.  

So why do I think RMHB has significant upside potential?  

Ultimately stocks trade on supply and demand.  There are always buyers and sellers, but if more people are buying than selling then the PPS will climb.  There are always manipulative games that can be played in my opinion, but basic market dynamics 101 will win out in the end. 

A month or two back one of my readers sent me an email suggesting I look into Cannabis stocks, and I did.  What I found were a lot of speculative stocks that had already climbed several hundred percent, sometimes 1,000 percent and more.  And the biggest percentage gainers fell into that category called penny stocks.  When I came across Rocky Mountain High Brands at Investors Hangout, (where I participate with the user ID growacet) I noticed that it hadn't yet made those type of gains.  And the prospect of Hemp Infused energy drinks was more than a little intriguing.

And the fact that they had just graduated from the non-reporting Pink Sheet Gray Market to the fully reporting OTCQB was a big plus for me.  I will not touch a non-reporting Pink Stock.  

I quickly saw the potential for Rocky Mountain to attract the attention of investors.  Their products are being distributed and can also be purchased at Amazon.  The company is working at creating brand awareness and already has a YouTube video available, 

How high could RMHB go?  I don't have an answer to that question, I'll be watching social media and keeping an eye on the trading for signs of irrational exuberance, but I don't see evidence of that yet. With that being said a market capitalization of $50 or even $100 million wouldn't shock me. Penny stocks trade on emotion a lot of the time and I think we could see days of 50 million and more in volume coming.  

Good luck.

Hemp Infused Beverages - An intriguing idea for Cannabis players (RMHB)

Alright, full disclaimer right up front.  I took out a long position on RMHB on Monday October 10th 2016, so the opinions I am about to express are obviously biased, I eat my own cooking in other words.  

RMHB is a penny stock trading for less than one single American nickel.  I view stocks at this level to be the ultimate risk reward plays.  Get in early and there is potential for explosive gains, come late to the party after a huge jump and you might have a long wait, and quite possibly losses if you buy in at a peak that's brought on by irrational exuberance.

But at less than 4 cents as of Tuesday's close I don't think RMHB is anywhere near the point of "huge gains", but I can definitely see the potential for that to happen.

So what's the story here.

Rocky Mountain High Brands came on to my radar in the usual way, via some chatter on a message board at the site Investors-Hangout where I participate with the username "growacet".  I am an admitted social media junkie, and truth be told something of an attention whore.  I often see penny stocks being talked about bullishly on stock boards, and usually I'll check the chart and find they've already jumped 500 or 1,000 percent.  When that happens I move on, but RMHB is trading near its 52 week low.  

So what did I find so interesting about Rocky Mountain High Brands?  A picture is worth a thousand words, and a picture posted with a message sent my wheels spinning.

Energy and health drinks infused with Hemp?  WoW!!!  I'd never even considered that as being possible.  Time to do some research.  Is drinking something infused with hemp seed extract healthy? Turns out it is, which is hardly surprising given all the articles coming out about the health benefits of Cannabis.  Here's an article on such things as Omega 3 and Omega 6 benefits from Hemp Seed Extract:

https://authoritynutrition.com/6-health-benefits-of-hemp-seeds/

I'm not going to go in depth on explaining the relationship between Cannabis, Hemp and Marijuana, those sufficiently intrigued can do further research if they want.  Suffice to say they're all from the same family, however do note that the active ingredient in Marijuana that creates the "high" is called THC, and it is not present in this drink.  

Still reading?  Okay....regular readers of this pathetic and miserable little blog (all 3 of you) know my style.  I'm not gonna start pounding the table screaming GET IN NOW THIS IS GONNA EXPLODE!!! That's not my style, all stocks are risky and penny stocks are the riskiest.  They also have the potential to make the biggest % gains of course, its the old risk reward dynamic.  

Regulars also know I'm not big on fundamentals, I consider them as being already "baked into" the PPS.  And obviously with a stock trading for less than 5 cents, you're not going to see a robust balance sheet and a history of big profits.  Hemp infused drinks are something new however, so there isn't a 20 year history here.  

The chances for a $0.03 cent stock hitting $1.00 are slim, but they're better than the odds of a $3.00 stock going to $100.00...I've seen many OTC penny stocks go from pennies to dollars, I can only recall one stock trading in and around $3 going to $100+ without having to adjust for forward splits. 

The company's latest PR came out on October 11th 2016.  The most significant development from my perspective is RMHB moving off the Pink Sheeted Gray Market and onto the OTCQB.  I consider this hugely significant because there's no filing requirements on the pinks, while the OTCQB requires that SEC filings like 10Q's and 10K's be up to date.  There are traders and investors who won't touch the Pink Sheets and I'm one of them.  In Canada I draw the line at the Venture Exchange and in the US with the OTCQB.  I won't touch Pink or CSE stocks.  

http://finance.yahoo.com/news/rocky-mountain-high-brands-moves-130000972.html

Note that the company has a stated intention of moving off the OTC altogether and onto the AMEX exchange.  Yes I know its no longer called that but I'm old and will always refer to it as the AMEX. If you're reading this and thinking of RMHB as a possible long term play then I would advise you to expect a Reverse Split.  In my opinion if they're going to up-list the shares to a senior exchange, a share consolidation is an almost certainty to meet more stringent bid price requirements.  

I've identified a number of stocks on here over the past four months that have made some big jumps in a short period of time and I very much like the chances for RMHB to do the same.  If it does I will remind everyone of my favourite little bromide:  Nobody ever went broke taking profits.  

I'll leave you with the chart.  If the PPS gets over the 200 DMA I don't see it hitting resistance until the .06 to .07 cent area.  Assuming that happens then a 50/200 DMA Golden Cross would be in the cards and could signal a potential blue sky breakout.

Comments are welcome so long as they're respectful and without profanity, even bearish opinions are okay.  A market requires both buyers and sellers after all.  

Cheers and good luck.