Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I certainly hope so. 91% of the populace supports the use of medical marijuana, 61% support recreational.
http://www.thecannabist.co/2018/01/04/sessions-marijuana-cole-memo-politicians/95890/
Sooner or later, it will be there. In fact, $1 is nothing compared to where will be within the next 2-6 months.
I don’t care if it lags other companies at this time. People who wants to trade those, should go trade those.
$OWCP
That is the point I am trying to drive home this level of manipulation has hurt the stock more than it helped the few trying to do it and mainly the reason why this peaked at around .65 as opposed to going over $1 as it should.
As to why the manipulated feel the need to make a home here is the $1000 question and that I don't have an answer to.
It's Session's job to enforce/prosecute federal laws that are "on the books", right? He will ultimately be a MJ/MMJ Hero.
I hope he announces next that he intends to ask congress for millions of dollars so he can prosecute everyone violating Federal MJ laws.
Think about what would happen then...
I agree with you on the manipulation of this ticker. I am having trouble understanding why this stock is more attractive for them to manipulate than other stocks in this sector. Is it merely that it is pre revenue biotech and as such is easier to manipulate?
This Ticker is a Great Story. Just keep a step ahead of the Urgency both the Technical and the Fundamental. Company won't be stagnant/quiet forever.
Fact is outside of today sector wide down trend their is something wrong with how this trades I will keep saying it this is not the work of retail. Had anyone been watching how MAXM and ASCM walked this down and huge sell orders blocking any reasonable rebound will know this is not the work of retail.
How does an MJ ticker based out of Israel sell off this much on news that does not directly affect them?
Canadian tickers held up pretty well today
Well bright side... no gaps to even question about filling.
This whole Sessions thing is just a money grab tactic by the Feds and Wall Street. All this is doing is forcing our senators and congressman to pass laws to legalize immediately. Their constituents will blow up their phones. States who have legalized and planning on funding pet projects with additional revenue or are going to go bankrupt will tear the house down.
Essentially it will be short lived after the rioting stops. OWCP is semi-immune in that they have big things going for them.
So yeah it sucks but it will be short lived. Likely will be fully legal by June 2018.
every ticker was down but every other ticker also ran up pretty big thats the difference.
Time will tell how this shakes out
Half the country lives in MJ states. This is the kind of stuff that will backfire and cost Trump control of Congress in November. It will serve him right, but his golf will improve because he wont be able to do anything in Washington afterwards.
Thanks to Sessions it dampened the whole sector..it’s just a little set back but we will make out in the end hold on to your shares and accumulate when you can.
tried to buy .41 but CSTI would not make the order. it just sat there even with bids getting met at .406. some of these OTC MMs are just horrible.
tomorrow is another day :D
Somebody with the expertise to explain this MM illegal manipulation needs to put it in front of SEC/FINRA or some authority. There is no reason for this stock to trade any different than AXI* or CNB*, they all have the same stuff and prospects.
Shame on you John! You are smarter than this. Every single mj stock is down 20- 50% today.EVERY SINGLE ONE! Relax! We have no sales yet but are so close. We will get the respect we deserve once phase 1 are complete. There is not one MJ stock out there with this potential. I have not watched this downtrend today and advise you do the same. It is frustrating and distracts from the longterm potential. Sessions is an A-Hole!
Buying opportunity imo EOM
He's a dinosaur, needs to go
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |