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Happy MJ Day! I don’t post on ihub too much but this is my longest held mj stock and I figure now is as good a time as any. Just wanted to wish fellow shareholders good luck. Anything can happen—hold tight and prepare for a crazy, bumpy ride
Exactly one year from the last spike. Spooooooky
Been holding foreveeeeerrr this is nice
Haven’t really been keeping up with owcp but with Friedland paying back his shares what’s the payment plan look like? Interest oughta encourage him to pay back the millions ASAP. That’s a lot o extra money for slacking. Also, hadn’t he already dumped the shares he was awarded initially? So hasn’t owcp only benefitted from this transgression? Assuming owcp isn’t involved, that’s quite a dent in the share price due to fear alone. Big assumption tho, anyone know what the verdict is on owcp’s involvement? Took a look at some of the previous posts and it looks like there is a split on owcps involvement. Any statements released from any parties involved thus far? Googling all this but I’m dumb and slow and stuff.
Apologize if all my questions are common knowledge by this point, jus tryin to get a grasp on wtf is going on XD. This could be another organigram situation (stock plummets and when the dust settles corrects in a big big way).
Same shit happened last year. There was a bounce in November followed by a correction in December, a bump in Jan, February was chaos and then in March til May or so if I remember correctly it was falling when it finally picked up and went crazy summertime. Candidate for worst performing sector of the year? We’re two months in dude XD. Isn’t the chart commandment for you chart guys that past behavior is indicative of future behavior? You’re jumping to conclusions mad early bruh.
Well, i’m happy with either outcome. If it drops to 3$ I’ll prolly pick up a few thousand more shares and if it doesn’t I can drool over my computer screen at the gains. Not a big fan of stagnation tho XD, I hope we at least see strong movement in either direction before legalization. I know it sounds counter intuitive but knocking out some of these swingers and fence sitters will invite big money to our table. So here’s to whatever ?? glta
Ahaha bout to get home and do both. Even though we closed in the red there was huge progress since this morning. A celebration is due
Oh I guess that makes sense. I didn’t consider that you meant canopy’s dilution would affect the entire sector. Why do you think the sector tends to follow canopy then? Has mass canopy dilution affected emerald in the past? Emerald seems to have had a pretty independent run these past few months. I would say our direction and influence is more aligned with cronos group than canopy. What do you think?
Aha I suppose you have a point. It would be unrealistic to assume they didn’t communicate with the competition. I think you mean sector wide sell offs and shorts...not dilution. But hey, who knows. Maybe they do get together every Sunday for a “pot” luck lunch. you know, each brings a sample of his/her product. They wear masks to conceal their identities and sync their diabolical dilution plans so investors see it as a sector problem...then they sing Alanis Morissette and Celine Dion...and the Canadian national anthem... all backwards.
For real. Green Friday = good weekend
Wow, dilution over a sector? That sounds horrifying. Do all of the CEOs of the various mj companies get together and pull some kind of sector dilution lever in an underground laboratory in Canada?
Well I don’t know about that. When the price tends to stagnate it usually shoots up. The downs seem to be pretty abrupt and closely aligned to the rest of the sector..probably due to the etfs. Take a look at the yearly chart or the 3 month, you’ll notice stagnant periods are generally followed by price explosions XD. I wouldn’t mind some stagnation
Can you further explain that comment if you don’t mind?
Weed stocks seem to often follow this pattern:
Mon/tues - up
Wed/thurs - down
Friday - ?!
Emerald tends to defy that logic by going up like...4 days a week at times so who knows. Hopefully we close over 7 today
Very informative thanks for posting chart.
Since the mj market seems to be operating as a single entity at the moment...I wonder if there is a say...rsi tracker for the collective big 5 (weed, aph, acb, mjn, and emh). You know, to determine if the industry is overbought or oversold rather than just our company.
Oh and yeah, I totally think we are big 5 XD
Could you explain further? I’m not to tech savvy, no pun intended ; )
What is a parabolic move over rsi?
I know...google is wonderful and what would life be without it but...if you have the time I’d like to hear from you what exactly this means to you and to others who are subscribing to this same reasoning...also, what does, in your opinion, this mean for the future of our company?
Thanks.
I agree 100% with your post. Keep in mind though that not everybody is as receptive to this emerging phenomenon as we are. Aside from constellations 200 mil investment in canopy big money seems to be shorting the shit out of cannabis. But honestly I see shorting as a positive...not only does it legitimize the business the buy backs could easily include even more cash. Regardless, long term the trend to legalization is unstoppable and when the world inevitably harmonizes w/ legalization those of us who have been in from the beginning will profit enormously. Gl to us ; )
As much as I’d love to tell you to buy now it would likely be more profitable for you to wait until the share price begins rising...just in case we aren’t at the bottom. I’ve been searching for a “why” as to the mj sectors 3 day setback and several people have mentioned institutional shorts shorting the shit out of mjx. That means there will have to be a buy back...and these same investors might even be buying more at lower prices. This is mad speculation and only some stupid internet ramblings likely XD but since I’m in the exact same boat (only in at 1.29, you got me beat ; ) ) I figured I’d tell you what I’m doing lol. Watching and waiting. But good luck man, hopefully today was the last day of this blood bath
Oops meant legalization XD. July 1stish for Canada. Weed stocks might take off. But the anticipation hype must be calculated into its pps. No more anticipation...could be a bad thing. Who knows what’ll happen but I’m excited regardless. I just plan to sell my stocks prior to be safe. Maybe not my whole positions...but big chunks. And if there is a massive correction I’ll buy back afterwards. Dunno, we’ll see. Exciting stuff to come
Profit taking, shorting, trading...a correction was bound to happen from the insane wave we have been riding. I plan on exiting around legislation time...not because I don’t think emerald will continue to do phenomenally but Because I’ll be selling all my weed stocks to sit and watch for a bit. I do believe emerald will continue to rise tho...gl to you.
Haha most of you. I’m in at 1.29, almost made the team XD. Bought a little after the etf debuted...noticed lil old emerald on there and figured it made more sense to invest in them rather than the etf itself. I know, I know....lots of DD involved there ; ) but hey, it most certainly paid off. At the time it was the best bargain besides uh...icc I think it was.
Anyway, Gl to everyone on this ugly day. Let’s hope for an afternoon resurgence
Probably a good move. I can’t seem to go through with it..been trying to hit the sell button for months. Might wait it out another quarter and see what happens
Finally hit my initial buy in today after a good 6 months of waiting and have decided not to sell. Think a lot of investors are on the fence like I am. Could it end catastrophically? Absolutely but I’ve decided to remain committed—going all the way on this one. Good luck everyone.
Constellation brands invested some 200,000,000 into canopy. As far as I know they’re the leading alcohol distributor of the US.
that’s the first sign of a alc/tobac company even acknowledging an mj company. And when we were consider why marijuana is still a criminal activity here in the states, I imagine alc/tob have a purty robust lobbyin campaign against the plant.
But the first/biggest alcohol distributor obviously, intentionally or not, just opened up the market for the remainder of mj’s political opponents. With the exception of sessions who has been ordained by god to stop legalization, our opposition is dwindlin hard. Call me crazy but I think legalization is coming sooner rather than later based purely on this investment
Td shows .1 and 1 as well
“Buy the caterpillar. Sell the butterfly.”
This quote should be stickied XD
Hey, thanks for all the replies to my concern. I think you are right...it would make sense if he is advising several mj companies not to advertise each of them on his website. I plan on emailing him and will post response if/when I receive one.
Question for ya Green,
I dig Friedland too but am skeptical of how close he still is to owcp. For example, on his website https://www.jeffreyfriedland.com/bio there is no mention of owcp. It leads me to believe he is no longer affiliated with owcp and has perhaps sold his shares. He was on potstockradio again Monday to discuss Intiva I imagine...last March he was on potstockradio to discuss owcp. Is he still affiliated with owcp? When was the last time he was recorded speaking on behalf of or about owcp? Anybody listen to the most recent interview on potstockradio...maybe he did discuss owcp? Just curious as to his current involvement with owcp...figure you might be able to shed some light
OWCP's Action Items for 2017:
During the second quarter of 2017
OWCP intends to initiate its U.S marketing program for its Psoriasis Topical Cream. At the same time, we intend to begin investigating the applicability of topical cream for other skin conditions and disorders.
OWCP intends to proceed with the advancement of our cannabis-based treatment for multiple myeloma, with the objective of proceeding with additional studies.
OWCP intends to evaluate the launch of one or more studies to determine the applicability of cannabinoid-based pharmaceuticals for other medical conditions and disorders, such as fibromyalgia and migraines.
Source—https://www.otcmarkets.com/stock/OWCP/news?id=148669
These might be nice landmarks to email owcp about and determine what has and has not happened and why. That being said Friedland has explicitly stated that owcp does not release news unless it’s huge. Owcp has only a handful of employees as most of their work is done outside of owcp so it could be difficult to get a response..but who knows.
It’s possible. I listened to a podcast interview a while back wit Friedland on potstockradio and he discussed owcp for...about an hour (I’ll see if I can find link—was a great source of info). One of his arguments during the interview was that owcp refuses to release fluff news. Only if something substantial or game changing occurs will news be released. He said owcp didn’t believe in giving stockholders something for the sake of giving them something.
So while it is certainly possible I don’t think there have been any major breakthroughs that need reporting. Owcp is relatively new and I don’t expect anything for a long long long time. Building a business, especially a bio pharm, research and development, advertising and marketing, and raising capital—All that shit takes a long time so really I don’t expect anything for a while and I’m alright with that.
Hahah this post made me laugh
Last 15 here we go.
Gotta hope that those waiting til eod to buy > those not wanting to hold over weekend
Don't know where all the hate for clay comes from. He literally targets stocks that just ran up to say "looks like the bulls are in control." Then the price drops due to consolidation and everyone points fingers at clay? Yes, the dude sucks at predicting stock prices but the mastermind behind a criminal enterprise? You're giving him too much credit.
He literally says "stock good" if the stock had a nice run and "stock bad" if a stock just plummeted. He's like a 3 year old just learning to read. The dude draws in rookie investors who don't know any better to join his fan site.
there are certainly criminals on this board but I don't think he is one. He's just a cave man with a computer. If you all are wondering why the stock seems to drop after he shows up its because it just ran the f*** up!! A stock will almost always fall after a substantial run, regardless of the "DD". That's how penny's work.
To put this to rest someone should go undercover into his den and see what really happens. It's like...10 billion dollars to sign up but If someone takes one for the team we can put this to rest XD.
Haha hopefully we get a #6 one day - yuber as main bad guy who finally takes over harmonia?
But ya - good to see a fellow star o destiny diggin in these lil biopharms. Been holdin this baby since marchish - don't plan on sellin anytime soon. Gl to ya friend!
Omg it's yuber Noooooooo
Yeah I threw some more in the pot. Been a while since I checked, surprised it's dropped so much
Just sold my bvt* gains to buy more owcp. Wohooooo
Talk about a reply lol. Thanks as usual for your intel.
You must have picked it up on the 2013-2014 run. Might as well wait a few more years at this point ; )
CANTs gotta 50k sell @ .66. I'm thinking it doesn't get executed. Either they'll keep price down or when it moves up they'll cancel order before execution.