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I agree. My bet is look to the guys at WS conference going back to last year. Behind door deals? Politics? Just trying to stay ahead of the urgency on this UNIQUE ticker...
Has anyone checked with the transfer agent to see if the company's been selling into this last run? That would make sense why we didn't run and yet still got the drop. I'm not that familiar with all this stuff and all the things people talk about re market makers and other topics like that. I'm just looking for a reasonable explanation for how this has traded the last 10 months. Watching the MMJ run last few days I just could not believe that owcp wasn't in there. It wasn't showing up at all. I did a quick comparison of cnbx cuz we traded so similarly for so long, we should have been at 1.30 yesterday and cnbx diluted last summer.
If the feds decide to destroy the legal cannabis markets in these states there will be a war. Sessions is INSANE.
That same page on Tuesday was all green.
LOL! He knows, Everybody knows. The only guess is when and every little bit will count at that time. Why do you think so much jockeying going on with every little dip and move up!
Maybe this drop was the MMs trying to throw out the anchor for a few more days to continue to scoop up cheap shares.
I think everyone would like to see that. I assume you're just speculating and have no specific knowledge.
JEFF SESSIONS EFFECT!
TAKE A LOOK
https://investorshub.advfn.com/cannabis-stocks/
I just bought at $.41. This is getting insane. Really now...
Sorry how you detect that it's not retail to sell?
Are you looking at a specific MM?
Thanks
Phase I IRB safety test should be completed no later than February and possibly this month. Do some DD friend, you know not of what you speak. Testing for the sublingual tablets won't be done until later in the year, but the cream is market ready NOW. We're just waiting for the results to be announced.
well we will have to agree to disagree. and even if you are correct or i am correct it matters not in the long run and short term,..meaning,...
why waste time attempting to figure out MM games,...its fruitless.
but trading OWCP's slides down and run-ups are profitable. even as a trader and not a long term shareholder, big $$$$$ have already been made. i just picked up 10k @ .42,...i know it's going back to the .60 area,..i'll wait and collect the $$$$$.
just seems like you're spinning your wheels with no definite answer about the MM game you are posing is occurring.
make it a great day !
No offense its a good company but there is something wrong with the way this has traded it is not retail in IMO. Watch L2 and see how this has been walked down and how large buy and sell orders come in and out of this ticker.
This is outside normal trading that occurs in a stock. Also this lagged bigtime among many MJ tickers and unperformed during the recent run
The problem with the selling is OWCP barely made any gains unlike other MJ tickers that ran up a good percentage its gonna be rough for a good while
Get ready for the bounce champ IMHO it’s coming soon - OWCP
I think a wash sale pertains to buying back in the company you sold and or companies alike. So if you invested back into a mmj again I'm not sure how that will work for you. You may want to ask your tax man.
Down its been stuck in the mud for a while now its not really inventory there is something shady about how these trades it aint retail that much I can tell you
No news at all don’t worry been here 2 years there is no news this is a joke company
It’s running down alright
This stock is fluff can’t hold it’s price for one moment
I believe there is cronyism occurring. The stock is not valued as its peers. Very Strong Retail hands holding. Price is down as the group wants inventory and wants it through attrition instead of paying FM...IMO won't hold forever and the gap could be astronomical. Look for the Short Trap...
The spike was likely due to the .54 resistance being broken through. It's been channel trading upward since October and the .40 range should be the low part of the channel. Hopefully upward from here!
it has 34 days left to produce for us I have no problem with price drops to pick up more shares
As most of you know, I did sell a few shares to gain a tax loss last week and can't reinvest until the end of January or I lose that loss. After seeing the damage Session's did to the cannabis market today, I couldn't hold back, so I invested in some other cannabis based stocks I was following that were down dramatically as well.
I really don't think Session's can survive in Justice for more than another month or so, and I suspect that Trump didn't try to control what Session's said about cannabis. If I'm right about that, and whoever is appointed next is better informed, I suspect that Justice will take a dramatically different course. In fact, I don't believe Congress won't accept anyone for the position who doesn't clearly indicate it's a State's right issue and they won't touch it. I think their are Congressmen who can hold up the nomination of anyone who doesn't take this approach.
Trump is reveling in how the stock market is up, I doubt if he'll do anything that would bring it down dramatically. That said, I'm surprised that he hasn't taken a pro-cannabis stance for no other reason than how much taxing it would add to fighting the deficit and further spur the market. I'm not suggesting that marijuana stores don't pay taxes, but currently it's a cash and carry industry, so it's impossible to say just how much income is reported. More importantly, if it's legal, just as State's are doing, a tax can be added to each product, just as it is in the sale of alcohol and tobacco, so the biggest beneficiary of legalizing it could be the Federal Govt. Their is no doubt in my mind that if purchasing marijuana didn't require cash, more of it would be sold.
For now, I suspect it will take a week or two before it's recognized that what Session's said will make little or no change, and the entire market should come back to where it was before he sounded off.
Gary
news pushes it up and mm's take it away it has until Feb to move or we will be looking at .20 all over again
They are dumping this hard the last few minutes.
I expected a bounce from down 27%+ but looks like this may take until tomorrow - and I don't expect the recent highs any time soon.
I've been accumulating since I sold 3/4 on the original run up. I had loaded up but this week got rid of 1/2 of every MJ stock Tues and Wend and will load again when the correction finalizes.
As far as news coming, I've seen month after month posts of a few here that I now believe pump up the pps to flip.
Deception is deception.
With new product and FDA approvals and patents will make OWCP huge.
Disagree this has been the case the last 6 months its something special here other cannabis tickers trade much cleaner.
Even the diluted pigs move. OWCP for a ticker with no dilution is quite confounding to many traders how else do you explain the lag CNAB CNBX countless others ran up pretty good.
I second that. These guys and gals are professionals They have something big, and they know it. This will blow up on great news soon. I've been following this too long to ever sell any. I added today
Exactly! Until news hits OWCP is a flippers dream.
TSX announcement next week will take care of that.
Good analogy, agreed 100%
Time will come very soon. We can look at the OWCP schedule and take it from there. The company is going by the book with trials and approvals. The market got heated up and lots of folks decided to trim a little the last few days. 2018 will rule for OWCP.
I agree we have Huge News Coming as the OWC is a diamond sponsor at Wallstreet confrence. At 100k you don't spend that kind of money if you don't have something big to say !
Really wish they'd get the hell off the OTC and out of the minor leagues. These MM games are intolerable.
Not I......actually added almost 1,000 shares! Panic to some equal a buying opportunity to others.....like myself...only wish I could have bought at bottom but still got a bargain. Peace!
CNBC is fake news . They been bashing AAPL For Years wile it’s making new highs . OWCP LONG
it's not MM's, it's PT,..as in Profit Taking.
buy 10,000 at .45, sell 10,000 at .65,...kachingo $$$$$$,...repeat for multiple streams of income 8^)
it's got nothing to do with any MM games and/or manipulation as you are suggesting.
unless you have HFT or some other platform to observe Level 3 then you are speculating abut MM manipulation and most likely incorrect.
I LOVE OWC TO DROP AWESOME NEWS RIGHT NOW.
Yup OWC is Golden.
If the aholes on cnbc would let the guy answer a question without butting in to ask another question it may have been worth listening too
Not worried. Slow moving in january with some dips then blasts off in Feb to multi dollars
Tune into cnbc asap. The founder of the new mj fund is going to be interviewed shortly
Hopefully he can give us a bounce if he says it's a big nothing
Great post Gary. There is no stopping this blooming industry and OWC is immune to the DOJ.
I believe the general euphoria about the recreational cannabis market opening up in California and other State's, as well as anticipated news this quarter, caused the move on Tuesday. Session's action is bringing the whole sector down today.
As for OWCP, if you take a serious look at the company it should be realized that Session's actions shouldn't effect it very much at all. Why? Because what OWCP is developing can clearly be sold in medical marijuana stores, and Session's actions are going against recreational marijuana and Congress has prevented Justice from going after medical marijuana.
I don't know what State's with recreational marijuana will do, but one simple solution would be to issue prescriptions to virtually anyone asking for them, like you'd issue a library card. I'm not saying this will be done, but I also think that Federal Attorney's will have a hard time trying a case in California, or any other State where it's legal, and any action they take will be taken as harassment by the Fed. into the State. I suspect that most Justice Dept. Attorneys will keep hands off, but time will tell.
One thing is certain, we no longer have to wonder whether technicians will accept the MM's game with the $.435 gap, it's clearly been filled in a totally legitimate way.
As for future prices, I believe we'll be substantially higher after real news, but this quarter is the closest I can come to when it will happen, their is no guarantee of such news this month. As for the cannabis market in general, it will come back as it becomes clear that Emperor Session's has no clothes.
Gary
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