Posted On: 11/08/2014 3:48:31 PM
Post# of 11899
Just thought I would point out to all RFMK followers that the stock moves EXACTLY with and is almost PERFECTLY correlated with most of the other MMJ stocks in the sector, like for instance, CBIS.
CBIS vs RFMK Chart Comparison
It appears RFMK is highly correlated with CBIS so the charts move together to a very large degree. On any given day, CBIS and the other MMJ stocks could be up and RFMK could be down or vice versa but over time, according to the historic price chart it appears that the price moves are very tightly bound. There have been price spikes and rallies following the November election cycle (especially relating to MJ votes) in the MMJ sector so perhaps RFMK would potentially enjoy a price spike soon should the other MMJ stocks in the sector experience an election inspired rally.
The company now allegedly has units of the pocket puffer delivered to the test market so tests may be underway right now. The timeline stated was that in a few weeks the first full production run would commence, that puts delivery of the first batch of pocket puffers to come perhaps at or around the end of November or beginning of December. During the time of the official launch of the CannaCig, the PPS moved from low triple zero prices to above one cent, so perhaps a similar move will occur here if the company delivers on promises made to shareholders going on four years now.
Do or do not, there is no try.
GLTA!
$RFMK
CBIS vs RFMK Chart Comparison
It appears RFMK is highly correlated with CBIS so the charts move together to a very large degree. On any given day, CBIS and the other MMJ stocks could be up and RFMK could be down or vice versa but over time, according to the historic price chart it appears that the price moves are very tightly bound. There have been price spikes and rallies following the November election cycle (especially relating to MJ votes) in the MMJ sector so perhaps RFMK would potentially enjoy a price spike soon should the other MMJ stocks in the sector experience an election inspired rally.
The company now allegedly has units of the pocket puffer delivered to the test market so tests may be underway right now. The timeline stated was that in a few weeks the first full production run would commence, that puts delivery of the first batch of pocket puffers to come perhaps at or around the end of November or beginning of December. During the time of the official launch of the CannaCig, the PPS moved from low triple zero prices to above one cent, so perhaps a similar move will occur here if the company delivers on promises made to shareholders going on four years now.
Do or do not, there is no try.
GLTA!
$RFMK
(0)
(0)
