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Last year we closed the year at $.18. While intra-year we certainly saw more, I don't know anyone who'd complain if their stock portfolio were up the better than 275% that we've experienced this year.
While I believe we could do much better than that, it's still nothing to complain about.
Our success in the next year will be predicated on establishing sales for at least one product, and hopefully two products by the end of the year. I don't believe the volume of sales will be that important, what's important is that they happen.
In 2 to 4 years from now I've got to believe that sales of products that OWCP developed will be in the billions, and while these sales will be made through a variety of companies all over the world, OWCP should be earning somewhere in the hundreds of millions meaning that shareholders should see stock prices that reflect over $1 per share, and perhaps as much as $3. For a fast growing cannabis based biotech, I believe that 30 would be a rather conservative P/E ratio, so I'm speaking of a share price of $30 or more. Foe those who hold on to their shares, most of us ought to be millionaires or getting very close to it by then. Of course this is totally based on the fact that our products work, but that will become established later next year.
Gary
Technically, the environment looks in favor of a green ending tomorrow.
The reality is that the environment is not in control of the day-to-day trading, lol. Only the trading/traders can settle that question.
But, we also experienced something special about the 18%+ share price up-move of yesterday. It came at a time of slow (vacation time) trading market period.
Will the demand volume show up tomorrow for a green close? Nobody knows!
Personally, I would buy more shares in the mid 40's should it go there.
Hmm... If there are too many who are thinking like me... who knows where it goes- green or red?
I say, everybody is left with nothing else but a guess!
Happy New Year 2018 to you and all.
I'd agreed with that completely.
It's my opinion real news will start the week of January 8th. That would fit in nicely with the way this has been trading recently. When I say " real" news. The kind of news that makes the pps climb to new highs and stick there until the next real news event comes and takes it to another level. Just my opinion.
Green day tomorrow IMHO
Wish I could say we're going to end the year green but the odds are now against it. Bummmer. I certainly hope to be wrong!
yahoo finance was showing the real time as well.
Clay trader very Bullish OWCP! Lol
Look at ADX green line and ACCUMULATION/distribution. Both curling up. This is setting so so nicely. Wish I had more cash!!
* * $OWCP Video Chart 12-28-17 * *
Link to Video - click here to watch the technical chart video
Well said - very healthy to reset RSI & MACD.
For sure we are headed way higher
Look at the 1 year chart this looks like a ramp for the parabolic move knowing crap like ndev just did this cbis cbds now mjna are getting in on it
You know it's our turn
I agree the pull back just sets us up for the ride Higher.
I'm going to add more, but going to wait till around .39 to .41. I've been accumulating as this thing's been dropping all summer. I'm tired of getting destroyed on the back end of these moves. If I don't get any more oh well. Booya
Today was a very good day for several reasons:
- We tested the 200 dma after 13 months
- MACD crossed on the daily chart
- Had a healthy pullback cooling off the RSI
I have to add though that there was clear manipulation at 15:43 where MMs dragged this down from .53 to .49s in about a minute.
No matter what, we will cross that 200dma for good and head towards a new 52-week high soon. I have no doubt!
$OWCP
Strange, looking at the OTC website, where the price is 15 minutes behind, but the bid and ask are supposed to be real time, the bid is stated at $.50 while the ask is stated as less than the bid, $.495. Something seems to be clearly out of order, but it may have to do with the size of the lots, and people not accepting partial fills.
It's not something you routinely see.
Gary
I really don't know why I watch the trading as I do, but I'll admit I do and I certainly prefer green days. Hard to say where we'll be on the last trade of the day, but it would be even nicer if we're green on the last day of the year, that's tomorrow. If New Year's was the day after I'd suspect it would be an early close, but I don't think that will happen with the Holiday not being until Monday.
Regardless of whether we're green or not tomorrow, I believe that next year will be a very green year, and that's what's really important to investors. In fact, I can't see a red year in the foreseeable future, it's just a matter of how green they'll be.
Could we have 1000% growth next year, I.E. end the year at $5 or more, I certainly think so. Could we keep that up for a decade, no I frankly would be thrilled if we were up another 1000% over 5 years, that would be $50 or more. If after that we simply were up 50% each year, it would be huge, but if you kept your shares from now, you should be very satisfied with far less than that, say even 10% growth every year. Give me that and I'd never sell this stock.
Gary
When there is high volatility, day/swing traders and day-trading often dominate the trading scene, in general. Also, the low share prices attract such trading and traders.
Another contributing factor is the natural percentage price changes are high relatively even in small share price changes. It encourages speculation and speculators. Over time when OWCP share price gets to higher levels, volatility will be less and a better balance could emerge between the various types of trading and traders/investors.
I was talking today
Oh yes we will cross it
I don’t agree. The good news is 200 dma is coming down everyday. So it will only get easier to cross it tomorrow IMO!
Hopefully the 200 day doesn't mess with us too much
Would be nice to close above it but looks like that is out of reach not sure we'll get that lucky
$OWCP The pps is flirting with green. A green close would be very nice even if it's just one tick. This was a consolidation day; building the next base for the resumption upward.
OWCP da bomb...MJ hot sector.
Let's turn this red candle into a green candle again
Getting chewed up fast! Now the next fake wall at .52 is back from the morning :)
Thanks for your thoughts thru these months. Long OWCP :)
The retrenchment this morning is something I believe is healthy, nothing only goes up forever. We'll see if we get a positive close today, and for the year tomorrow.
As for the gap at $.435, any positive news would probably assure that that gap will never fill, however if we have no news in January, I wouldn't be surprised to see it fill before the end of the month. As you know, at the end of the month I'm planning to buy back the shares I sold for a tax loss, and probably add a little beyond that, I certainly wouldn't mind paying essentially what I sold the shares for, but will be profitable on the my shares if I pay more.
January certainly should have gains for cannabis in general with several major markets opening, however right now the effect on OWCP is only what it will see by association with cannabis as it currently isn't selling product in any market. I would hope that by the Wall Street Conference the company clarifies when and where they expect the first sales of the cream to occur, but it is by no mean certain if they don't have safety trial results by then.
If the goals scheduled to occur in the latest guidance do occur on schedule, OWCP should be a very different company by the end of each quarter next year and depending on when sales begin might easily have a market cap in the billions by the end of the year. Ultimately it will be revenue that drives the market cap, but just the fact that it does have sales will give it tremendous credibility for following its business plan.
Happy New Year's all,
Gary
$OWCP The pps is a "tad" below yesterday's close. Me thinks she'll go red to green today.
Hemp just busted the .26 resistance down and others are moving up from 2nd he slump
I say we go much higher today
$OWCP Nice day of churning and weeding out the profit takers. The pps is a little red, and is trying to get back above .50, but the pattern of higher highs and lows remains intact.
Back up we go to join the rest of the herd
I'm not worried about it too much
I know it's going higher and when we dipped I bought more of this and cbis at .082 from selling winners
It's all good
I just like days like yesterday better lol.
Just think how your going to feel if you hold long enuf to see your account do that with $100k+. Still very unsettling and I know! ;) $OWCP
I hold 300k shares and there are those on here with well over a Million. Have been here since late Feb 2017. This isn't anything. Just volatility and day/swing traders. January and February are going to be crazy awesome for OWCP. But we will always have high volatility until we are off the OTC
I think so but when you have 180000 shares and start the day up $8000 and go down minus $8000 in same day it's a little discomforting
It is my opinion that you'll be quite pleased with the purchase(s) within the month of January and things should only get better beyond that point. Obviously dips and retrace expected if there happens to be a BIG run -- unless that big run occurs because they finally announce the start of sales/revenue or something even more amazing.
Several Recreational Pot licenses issued in California in 4 cities! Ready to open business in January 2018. This was presented by an industry rep on cnbc tv just a while ago. The pot industry now formally going on 'recreational' mode... from 'medical'.
Once we’re back above the 200dma those days will come back ;)
I already bought 5k, trying to buy 15 more.
Might be getting a little carried away
Just bought 22500 more shares
Let's get back above .50 please
Despite what are other friend says I think you're right and .47 holds
I'm watching other stocks and they are not falling apart like you would think if we were changing direction
Buying 10000 more here
I want to go back to the old days where this puppy could go up 100% in a day.
About to turn back up shorty!
$OWCP$ Massive accumulation occurring this week. This breaks the 200MA and upper boli and it will race upward.
Right, WE ALL have a lot to learn. I'm open to learning even after being in the market since 1960's! What's interesting is that with all the tools we have to help us understand what's going on in the challenge we face, regardless of the appearances, everything that happens is unique in nature. Whatever goes on or is unfolding here actually is different. Humans are always changing- hopefully evolving to a better state of being humans. That's another reason the stock market is exciting... a hobby of mine. It gives not only an insight to us but shows human psyche and how humans deal with their emotions and mental faculties.
Rosemary O'neill in her book "STOP LOOK AND LISTEN" recently published, said something to think about. When one points a finger to another, THREE fingers are actually pointed towards oneself! Something to think about.
Go OWCP.
GLTY & GLTA
PS: Btw, she happens to be a sister-in-law of mine.
$.434 or so.
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