ABcann Medicinals Inc (ABCN)

[doogdilinger]

So glad we're diversified in several...that's the secret right bud!!!

[Mt69sinai]

Ya same here and congrats for getting in that cheap,, I've always kept an eye on this stock for past 3 years... just never went in for some reason,,, anyways I think $5 will come faster than we think then new 52 week highs. I am planning on holding til at least of summer at minimum,, let's see that $10 first before I make any crazy decisions.
Glta
$OGI$

[doogdilinger]

I'm beyond ecstatic buddy and kudo's to you for havin' the guts to grab the cheapies when you did!!!

I got lucky at 2.05 and am now up +37.07% already woot-woot!

It's gonna be an amazing next couple of years for us cheers:)

[Mt69sinai]

So relieved and happy??I got in the line of credit and bought 3500 shares most at $3.30 and a few at $3.35 I believe !!
Nice recovery since!!
Last time I add ...
glta
$OGI$

[doogdilinger]

From 2 bucks to 2.62 and trading halt!!! Must be great news en route folks!!!

[doogdilinger]

We just went green and trading's halted wowza!!!

[doogdilinger]

Amazing Monday mornin' dippage Mt69 kudos to anyone loading the cheapies while they last!

[Mt69sinai]

At midday: TSX falls to new 8-week low on hawkish Fed, lower gold prices


A Toronto Stock Exchange (TSX) logo is seen in Toronto in this file photo.
© MARK BLINCH / REUTERS
REUTERS
FEBRUARY 1, 2018
Canada's benchmark stock index fell to a new eight-week low on Thursday, on track for its fourth day of losses, as a hawkish Federal Reserve sapped demand for equities and gold prices slipped.

At 11:22 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 107.94 points, or 0.68 per cent, to 15,842.14, its lowest level since Dec. 6.

Nine of the index's 10 main groups sat lower. Only information technology stocks were up for the day, sitting 2.7 per cent higher as Open Text Corp. jumped 14.6 per cent to $48.28.



Both energy and materials stocks dropped 0.7 per cent.

Financial stocks were down 0.9 per cent. Royal Bank of Canada declined 1 per cent to $104.29, while Bank of Nova Scotia dropped 1.2 per cent to $80.71.

Thomson Reuters Corp. was one of the biggest decliner for the second straight day, falling 4.1 per cent to $51.05 after some analysts cut their ratings. Rating agency Standard & Poor's also placed the company on credit watch "negative" from "stable," and Moody's Investor Service put its rating on review for a downgrade.

The company on Tuesday announced a deal to sell 55 per cent of its Financial & Risk business to Blackstone Group.

With gold prices on the decline, Oceanagold Corp. fell 3.8 per cent to $3.26, while Goldcorp Inc. was down 1.4 per cent to $17.37

U.S. stocks were lower in late morning trading on Thursday, following a string of lacklustre earnings and after the Federal Reserve raised its inflation outlook for the year.

Although the Fed kept rates unchanged, it struck a more hawkish tone than expected, no longer saying it expected price growth to stay below 2 per cent.


Equity markets are torn between buoyant economic growth and double-digit company earnings, on the one hand, and the possibility that U.S. and euro zone central banks will tighten policy faster than expected, which is pushing up bond yields.

"There are concerns that rates are moving up and inflation is firming," said Jeff Zipper, managing director for investments at Private Client Reserve at U.S. Bank.

"If inflation moves higher then the chances of a fourth rate hike go up. The market is a lot more jittery and is dissecting every piece of economic data more closely."

Currently the market has priced in three rate hikes for 2018.

A report showed weekly jobless claims unexpectedly fell, pointing to a tight labour market and strong economy.

However, non-farm productivity fell 0.1 per cent in the fourth quarter, which was the first drop since the first quarter of 2016, while unit labor costs rose 2.0 per cent in the final three months of 2017. Higher labour costs could signal faster inflation than is currently anticipated.


Another report showed U.S. factory activity slowed in January amid a fall in new orders.

The Dow Jones Industrial Average was down 50.26 points, or 0.19 per cent, at 26,099.13, the S&P 500 was down 2.77 points, or 0.09 per cent, at 2,821.04.

The Nasdaq Composite was up 7.84 points, or 0.11 per cent, at 7,419.32.

Eight of the 11 major S&P indexes were lower, with the materials index's 1.21 per-cent fall leading the decliners.

Strong fourth-quarter reports from S&P 500 companies so far have pushed up analysts' profit growth estimate to 13.7 per cent, from 12 per cent at the start of the month.

However, expectations from earnings have gone up and companies that don't do well are being punished more harshly, Mr. Zipper said.

UPS dropped 6.6 per cent after the world's largest package delivery company reported a fourth-quarter net profit that was hurt by additional costs.

Cigna, Alibaba, DowDuPont were all lower after reporting quarterly results.

PayPal fell 7.2 per cent after former parent eBay said it planned to move to a new primary payment processor.

Facebook rose 3.5 per cent after the company forecast rising ad sales, despite a dip in usage on the social media network.

Industry heavyweights Apple, Alphabet and Amazon are due to report results after the bell.

[doogdilinger]

I'm already up nicely on my 2.05 buys today have a great weekend everyone

[doogdilinger]

Yep take advantage of the opportunity 100% spot on Mt69...in fact almost a guarantee we're gonna be double these cheapies by 4/20 cheers!

[doogdilinger]

The whole sector's gettin' hit...just big money manipulation games ahead of the coming BOOM!

Bye when there's blood...amazing opportunity to add the last best available cheapies cheers!

[longanisa]

you are not alone PT. Took a loss from 150% profits. I take profits along the way to hedge times Iike these. As far as encouragement, this dip is an industry thing not a single stock retraction. These are all marching together to some
degree. And the MMs who manipulate these stocks, despite how frustrating it can be to see a walk down, they don't want to extinguish all confidence as they need it to remain for their walk back up. If that makes sense.

[Mt69sinai]

Ya me too,,, it sucks to see such a huge %loss in one week! We have a long way til official legalization date so there will be lots of news/events to come,,, still many provinces haven't come to a decision of who to purchase cannabis from so in the short term there may be some wild swings but I believe leading into the date of legalization there will be plenty of new 52 week highs to be reached,,, stay strong! I am thinking of buying into this company as I think current prices are a bargain,,, if you an add to your position not a bad thing.
Gl
$ABcann$

[PositiveTrader]

Can someone give me some encouragement here, I'm struggling with the losses today...

[doogdilinger]

Bought more cheapies this morn woot-woot!

[doogdilinger]

Lock & load for the comin' GOLD:)

[longanisa]

https://globenewswire.com/news-release/2018/02/01/1329963/0/en/ABcann-Completes-Acquisition-of-Harvest-Medicine.html

[doogdilinger]

Time for a nice GREEN end of week folks choo-choo>>>$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[doogdilinger]

Woot-woot...congratz to anyone who scooped those morning cheapies...ABCN is 1 of the only green MJ plays in my portfolio today weeeeeeeeeeeeeeeeeeeeee

[doogdilinger]

May see some more red to start the day but lookin' for a green week when all is said and done!

[doogdilinger]

We rarely ever have perfect timing right Trader glty!

[PositiveTrader]

Thanks Funky T. I'm staying now, I think I'm better off here then canopy at the moment.

[FunkyT]

Don't worry it will go over $5 soon

[PositiveTrader]

I bought in today at 3.49. Thought I was getting a hell of a deal? Then it just kept dropping. I hope it bounces back. I mean the whole cannabis sector was down today. So hopefully we'll bounce back by end of week. Fingers crossed thanks for the advice;)

[doogdilinger]

Yep but it also puts a floor in the stock price of 3.50 cdn and the warrants available exercise at 4.25. So in other words great financing which ABcann will now utilize to vastly increase their value!

MJ plays are red across the board today...but we all know the green that's coming as Canada goes to full legalization in July glty

[PositiveTrader]

Does this mean share dilution?

[longanisa]

news!! https://www.newcannabisventures.com/abcann-global-to-raise-70-25-million-selling-units-and-convertible-notes/

[doogdilinger]

Yes definitely PT...I too am new here...I've been diversifying in several mj plays with some of my canopy profits k! If you want check out my MJ portfolio in the yellow sticky of my doog's dugout board k. I think every single 1 of them listed there still have tremendous upside over these next several years as Canada goes full legal in July k glty!

[PositiveTrader]

I'm knew to abcann, sold some shares in canopy to buy abcann.
Is there room for growth here still? I believe they only have around 99 mil shares outstanding. Which is a very attractive share price to me.

[doogdilinger]

Gotta luv the back to back cheapie dip opportunity days!

[doogdilinger]

Woohoo thnx for the additional 3.50 cheapies choo-choo

[doogdilinger]

Nice dip opportunity for those late to this one

[doogdilinger]

Definitely kool buddy:)

[koolmc]

yep sun is out in beautiful ontario :)

[doogdilinger]

Man what a beautiful day...every single day 1 of the Canadian mj plays has been having beautiful days like this it seems weeeeeeeeeeeeeeeeeeeeeeeeeee

[longanisa]

Can ABCN trade on the Nasdaq? What are the chances?

[doogdilinger]

Great day!

[FunkyT]

Can ABCN be the next weed stock to be taken over?

[doogdilinger]

Great start!

[doogdilinger]

Bring it on Funky:)

[mr green239]

Wouldn't that be something. Can we?

[FunkyT]

Can we hit $6 CAD near term?

[doogdilinger]

Yep gotta luv it CB what a next few years it's gonna be cheers!!!

[doogdilinger]

I've been trading on the Canadian exchange side on all the dual listed mj tickers simply because I'm Canadian lol.

[longanisa]

Canada doesn't talk they Do. (coming from an American)

[CBStackem20]

I knew everybody was hiding somewhere !! Lol good times good times! :)

[doogdilinger]

The chart's insane

[doogdilinger]

100% Buy
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal

[doogdilinger]

Nice Nkerimi...haven't been on that site in years but great to know there's longs over there engaging in convo

[doogdilinger]

We're here CB...what a run Canadian mj plays have been on these past 2 years...and what a colossal next couple of years it's gonna continue be:)