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20x revenue is around $1.20....
Im sure in the past AMMJ has traded on a much higher evaluation. I dont see why 2018 will be any different
AMMJ is worth .8 at max unless the legislation for national legalization is imminent.
Interesting action indeed. It was a pretty good tree shaking by the bears with the bulls patiently picking up the falling fruit.
Chart still looks bullish after today's close with support tested at .82 and overhead resistance holding at $1.20. A strong move through $1.20 would be very bullish indeed, but the more likely scenario is that we trade sideways for the rest of the week as the overbought situation continues to unwind.
Best of luck.
Interesting action today.
MMs are rubbing their hand menacingly.
Where is the evidence that they are diluting this stock? Where are the convertible notes? Can you post some DD?
Agreed.
It's not done. It's been raising slow and steady and hasn't been volatile.
Watch them announce another new contract/client to add to this. I don't typically like to hold, but this one is a keeper
Technically any close over $1.00 would be very Bullish.
Watch the afternoon rebound. It'll close over $1 and raise more tomorrow.
Have to agree never any pump with AMMJ, they're too focused on growing the company for the benefit of shareholders.
Just a normal correction after a parabolic rise which put us in extreme overbought territory on chart (RSI). You could have bought this puppy for .50 just over a month ago.
The Bears have crapped and they Bulls are picking up all their droppings ahead of the next upswing.
I took my profits yesterday so I'm happy...but you are saying it's a typical "pump and dump"....where's the pump?? You don't hear $hit from this company so I'm just not seeing where the pump was. Certainly not just because they have a new client in CA. Big deal. They've signed numerous clients the past few months and the stock languished.
LOL TIMBERRRRRRRRR...I told you..here comes da dump...party is over here. This trash was pumped by MM to short and dilute shares, now back to 0.7 step by step
Do not fall for any MJ scam pumps. They are all pump n dump
Now they short it back step by step
Blow off top
Hope so. Im buying more next week
Typical MJ pump and dump, next week they short this TURD back to low 0.8
watch how it unfolds
Financials Again,thanks to Morgzack.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243759
Have to agree $$$ really do matter. It's a business after all, here to make money and the more money you make/or potential to make same, the better the chart will become.
So all you look for is the charts? Oh god. hate to break this to you but it is the $$$$$ that make the chart. The news that makes the chart. Not the chart that makes the dollars.
An alias fit for the poster
Lol no they dont. Chart matters most and it's real nice
Earnings don't matter? Excuse me? What? damn sure do.
Me too King...took a real nice profit on this one today 8)
* * $AMMJ Video Chart 08-22-17 * *
Link to Video - click here to watch the technical chart video
Was down for months on this and finally in the green. Looking for $1.10 to break today for one more push higher or it may fade back a bit as this is the 5th day up in a row. It's always possible for more green days but I'd hate to give back what little gains I finally have. Showing great strength today after bumping up against $1.10 6 times on 5 min chart. Watching closely for change in L2.
I think it has a good chance to grind higher as it's not as "played" as more active stocks for flippers.
Look for more and more posts here and relate that to how the stock moves. It'll be interesting.
GL
E
Another good move today on strong volume. AMMJ shows that the better companies can make a good profit in this industry.
I expect AMMJ to be a consolidator or consolidated in this business. Big money has been circling this industry for some time and the best companies are going to be snapped up.
The outlook is bright.
Yea i missed the .60's also
Lol
StockZoom, is that all you do is go around posting "Pump & Dump"..? You can stop whenever. Just because you probably lost a shit ton of money, doesn't mean you gotta go around spreading that shit...
What are you talking about? Look at their history. They recently announced a bunch of contracts and they released financials to show they made more money than last year. There's no pump and dump, you're just trying to get cheap shares. lol
ding ding ding, blindjohn gets it $AMMJ
AMMJ is pwning the sector right now $AMMJ
PUMP and DUMP !!!!, MM sucking in fools to short later
100% pump on one contract
Just sucking game at works before they start shorting it
typical MJ stock
pump and dump
LOL
No change in the OS....
10-Q released today
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243759
Earnings dont matter. Chart only and its setup for big move again
Earnings by eom.. buy before or after?
What is going on here! Looking to buy on a pullback
Well that was a great day, the highest daily volume since the third week of Feb.
Remember, volume precedes price rise!
https://technical420.com/cannabis-article/5-cannabis-stocks-should-be-your-watchlist-0
Could this article be the cause of today's increased volume?
It looks as though Sessions wants to regulate-not-crack-down. He cited regulations for inter state sales, driving under influence rules, under age district & consumption and a few other rules to 4 of the 9 states currently selling recreational. So not all.
Colorado’s Hickenlooper did meet recently with Sessions and told reporters he didn’t think a crackdown was in the works, partly because Sessions has too many other government balls to juggle.
The letters suggest a willingness to work with the states, he said in a statement to The Times, “but there is still a need for congressional action to provide clarity for officials at the local, state and federal levels.”
Sessions asked Inslee (Washington Governor) to outline steps his state is taking “to combat diversion of marijuana, to protect public health and safety, and to prevent marijuana use by minors.”
“The letters did appear to be a bit off base, and in several instances referred to the way things were but are no longer. But more importantly, the letters did not tell the states they lack the authority to sell marijuana,” he said.
ok i will .thank you
Some charts speak to you, some don't. This one to me is beautiful. It reminds me a bit of the way the CN*X chart is also shaping up for a swing.
IMO, I'm not an adviser. Do your own charting.
Attention Florida voters. We need signatures
to Regulate Marijuana in a Manner Similar to Alcohol to Establish Age, Licensing, and Other Restrictions here in our home state Florida.......
Florida is the 3rd most populated state and getting Marijuana on a recreational level would be HUGE for us AMMJ investors
We need 750,000 signed petitions by early next year!! In order to get it on the 2018 ballot!!!
Tell friends and family! Goto
http://www.regulateflorida.com
Print the petition sign it and mail it in!!
All florida registered voters need to do this!!!
After my due diligence, I see AMMJ as a $2.50 stock, in the heart of Denver. Upside to $5.00 per share after Canada legalizes and California allows sales in January.
F that guy and the horse he rode in on! AMMJ
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