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We have stayed above the 100 DMA since November 15th. We closed today right on the 50 DMA. Both are converging on the 200. We are still in a bullish trend, from a longer term perspective. We will see pretty quick if this will send us into a funk. I hope not.
News changes all of this.
John, and you don't think big pharma will want to participate in the profits if mmj/rec mj are made legal at the federal level? I think you underestimate the power of their greed.
How many posts here on the OWCP board concern a potential JV with Pfizer? How many included reference to Bayer in Europe/Germany? If big pharma sees where the future is going, they will be first to incorporate mmj into their portfolios, and they will be support legalization efforts biggly.
* * $OWCP Video Chart 01-04-18 * *
Link to Video - click here to watch the technical chart video
Chuck, don't get your panties in a wad. I was referring to the portion about writing to your representative to get a bill going to change the law - not about Sessions being only responsible for enforcing the law (I wrote that around 10 am this morning, too). Everybody here seems to want Sessions' head; my point is, even if Sessions is gone, if the law doesn't change, the next AG will do the same thing under the current administration. Unless the law changes (and only congress can do that) OR Trump comes out with public support for mmj (warning off any AG), we will continue to have this dissonance between federal law and states that pass laws making it legal.
Unfortunately big pharma donates to b oth parties the know who their daddy is no laws are coming. They have had many opportunities even today those that railed against it where nkot proposing a new law to fix it
Bring on the Canadian exchange OWCP, it's time to make it official!
https://www.forbes.com/sites/trangho/2018/01/04/jeff-sessions-ignites-marijuana-stock-sell-off-but-fuels-canadian-cannabis-longterm/
If we see $10 you will be my hero $$$
Yes, the very first post...
ChuckBits Member Level Thursday, 01/04/18 04:30:44 PM
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It's Session's job to enforce/prosecute federal laws that are "on the books", right? He will ultimately be a MJ/MMJ Hero.
I hope he announces next that he intends to ask congress for millions of dollars so he can prosecute everyone violating Federal MJ laws.
Think about what would happen then...
Moxa, even though you're from CA, don't sit on your hands. Write a letter to your rep and get him/her to SPONSOR a bill that legalizes mmj at the federal level. If nobody writes/sponsors a bill, even if 90% of the country supports it, nothing will get done. This whole issue has to get to the floor of the house and senate to get it passed; maybe this is a subject that can get bi-partisan support if the polls really reflect the strong support some posters have indicated.
I'm lucky I live in CA. My reps in congress all support MMJ and MJ.
Oh wow looks like this is headed down the stool . . . no buy signal generated.
True. I honestly think Sessions wants to control cannabis be the watch dog with his 93 US attorneys
This is the first post that makes absolute sense and is totally correct. Sessions doesn't make laws - he enforces them. When congress gets off its a$$ and passes a law to make mmj legal (maybe even rec mj or at least legal in states that voted it legal), then Sessions won't have an ordinance to prosecute. Case solved.
And the way to do that is what was originally posted: Write your elected officials and get them to change the law at the federal level, or elect somebody new that will support the change. Remember, as long as there is a federal law that conflicts with state law (even if state law was voted on by the populace of the state), the FEDERAL LAW is supreme (the supremacy clause in the constitution).
I read that article earlier, it clearly says by law the medical side is still protected!
Here’s an article in the LA Times about the effect the feds might have on recreational and medical cannabis.
http://www.latimes.com/politics/la-na-pol-pot-sessions-20180104-story.html
sessions has only stirred the pot with his statement today and big backlash will come against him.. POTUS would be wise to get rid of him and soon...imo...
https://www.denverpost.com/2018/01/04/cory-gardner-jeff-sessions-marijuana-policy/
Vermont just voted to on rec MJ in response to Jeff Sessions today!!
Oh man, that alternativelyfacts was funny and made me LOL. Go OWCP, Thanks.
I read the article and it is another reason for sessions to be let go...he is not up to the job etc. and should retire...or fired...
Haaaa that’s funny .. keep watching fake news
excellent post! totally agree with you!
I am writing my congress elected folks in my state... and EVERYONE should!
Sessions may have given impetus to action by mmj supporters:write your elected officials and if they don't support mmj, vote them out and vote in people that will!
Yes
Luckily I had some big movers earlier and scaled all of it into owcp thinking it was a slingshot higher eventually
I think we were we'll on our way to doing just that until today
There will not be new highs for some time now
pasted from wharfrat UNV$ board spot on Sessions playing in the band
http://alternativelyfacts.com/medical-mj-jeff-sessions/
$OWCP
Trump has a grand opportunity to show the public he respects the democratic process that was voted on by the people in each state that has made it legal. This will have a ripple effect in November elections if he does not respond in a way that supports states rights!
I will be looking for some crazy, off the Wall tweet from him over the next few days.
Down $3,000, today but it's a lot for me. I'm not big time. But I am a big time believer in owcp. Have been averaging down all last year. Has been a painful year. Could not believe we were not a part of this last run. And then we lost even more than we did go up. The whole time I'm like "Finally pay off we're about to go up, every MMJ is going up huge!" We were just sitting there or going down, couldn't believe it. WTF
idk zioni007 Like a wave upon the sand when trump wants something he 's been successful forming alliances. His ADHD gets in the way most the time and that's unfortunate for MMJ bc he can't focus. Sux 30 40 50 % losses all around my watch lists unreal. I had a robotic go up OMV* rather soothing in this malaise.
$OWCP
I’m all up in it too!! Too STRONG, just be patient!! You’re right, this will be on top in due time. $OWCP$
Out $70000 between yesterday and today
Not feeling good
Cans of Busch light being consumed quickly
IMO today’s news is all political. It’s not about laws or prosecution. Its about certain parties getting what they want. There is way to much money to be made in this booming industry. How it’s regulated needs an overhaul. That’s it.
I've been gambling in pennies a long time. I'm so freaking married to this I'm up its A$$. I think OWCP is goona blow it's top off. So worth it to me to be all in. This has been too silent and too odd. See all of you at $10 plus
Well I married her. And she took a quarter of my money and lost it in Vegas today. It sucks I sold up in the low 60s and bought back in on the pull back to $0.55 I thought we were heading up from there and going to catch up with the rest of the pack. Ouch.
Pending a big break of .36 we are technically still in that upward trend line. Today was the 4th time it has been hit. I think that is our floor and it has an upward slope. Now if it breaks that and closes below, that would be a very very ugly chart pattern that would indicate the market's intention to go much lower.
I agree with most of what you said, moxa1.
Progress depends on non-conformists if that's needed. AG Sessions is trapped in an old time still mentally living in the past apparently unable to follow what's happened since that time. There's no way to go back to the past (we don't have yet time machines), he either will listen and update his knowledge base... or could end up becoming only part of (old) history in the future. More knowledge and experiential data in this domain points to the need of change. Old and uninformed leaders/leadership in power when out of touch with change and reality can not be tolerated for long.
Today was the reload day. Maybe early tomorrow too.
GWPH down .49 today.
OWCP will double from here very soon.
Signed on and posted on twitter thx
Today is exactly why you don’t marry these stocks. Trade them and book profits!!
We should all reach out to those who represent the people. We should include in the emails this:
It’s a late reported trade from the open. Nothing more nothing less.
He is a shady character and should go..Think the trumps are about to get an eviction notice to leave the White House next.
Well that didn't take long.
Liked this Quote:
“Attorney General Sessions needs to read the Commerce Clause found in Article 1, Section 8, Clause 3 of the U.S. Constitution that limits the power of the federal government to regulate interstate and not intrastate commerce,” Rep. Mike Coffman (R-CO) wrote in a statement. “The decision that was made to legalize marijuana in Colorado was made by the voters of Colorado and only applies within the boundaries of our state. Colorado had every right to legalize marijuana and I will do everything I can to protect that right against the power of an overreaching federal government.”
Does anybody know why they paint it a $0.54 close 100 shares?
I just signed. Thanks.
I'm hoping this can be clear as day tomorrow like have it open and drop.down to .36 and have it claw into the green within 3 hrs and breakout.
Cbds cbis cann and others I think have more to drop but since we didn't move up near as much we might recover first
News Sessions must go hour ago..
https://m.huffpost.com/us/entry/us_5a4e8938e4b01e1a4b13c6d6
$OWCP
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