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.
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.
Yet it's been falling since I spoke on this last. lol. Learn technicals like the 200 day.
Your trendline has a bottom at about $1, and a ceiling around $3.
It's junk with no upside potential for this bear.
Cann is not a market leader.
lol.
They're not Tilray, or Canopy.
They're some shitty one man show in Colorado like every other hippie pot shop.
They're nobody.
lol. The MJ bubble has popped. It won't have a resurgence until Trump leaves.
...nobody asked you to go into FAANG stocks.
But the gross/grief ratio on this shitty stock is absurd. It's a pump and dump piece of shit.
They earn NOTHING.
They pay it to their executives and run margins to enrich themselves, before they ever turn a fucking profit.
That's called a ponzi scheme.
$1.80. lol.
Go buy some bitcoin you late cycle parasite.
$1.80 now.
You a HO HO HO. lol
Millionaires made on ZERO real value isn't impressive.
There's nothing to like about this "Security Services" single dispensary outfit posing as a legitimate public company.
They're a joke, with a bunch of idiots at the helm.
ZERO logistical direction.
...aaaand it's back to $1.80. lol.
I'll never buy this shit again. It's trash with negative EPS. Frichtel is quite literally fucking investors to dilute and repeat.
Yeah I made more on SPXS yesterday. A lot more. I have consistently, and will continue to, after the dead cat bounce.
I've been trading SPXS since October.
It's going to get worse.
...and now it's a rescue animal covered in fleas and feces.
You're a pink slip rookie.
lol. Okay.
Huge. Been crashing ever since.
HAHAHAHAHA!
You've been quiet on this one since. Wonder whyyyyyyyy.
:D :D :D :D :D :D :D :D :D :D :D :D
Down 30% since your last reply.
Shitty fundamentals. You're a jokester short trading flea who could reduce his exposure with options. lol. Rookie.
Womp Womp. This joke of a company will be consolidated soon enough. Diluted shit.
Womp Womp. This joke of a company will be consolidated soon enough. Diluted shit.
It has a negative long trend. Short it and make a lot more.
Yeah less than $2 is about all this par value junk is really worth.
Just remember, if this company liquidated tomorrow, they are a services company. No real value. No product other than pot, which everyone will soon dilute the market and push out inefficient twats like Robbie.
As an owner in the company, debt gets paid first. If you have negative EPS, technically, you OWE the company money when they default.
You're investing $2 for the opportunity to owe the company $4 when they dissolve. Hooray!
Lol. I like this guy.
That volatility offers some opportunity, but the upside is limited to algirithm traders, and low volume. Get your 5-10% jump on low RSI triggered volume. But then run. There's no gold in this pit.
See post #9253 from October.
I tried to warn you all months ago.
You refused to listen.
Frichtel and his goons are criminals.
Perfectly said. Frichtel stopped taking my emails. He knows it's a scam. It'll catch up to him. Wish some of these lookie Lou's had listened to me when I said the valuation was shit.
My ignorance isn't based on past performance. Yours is. How much have you lost trying to get on the right side of this share dilution?
They laughed at me too when I said the EPS was a joke. They started blasting me about California coming to the rescue. Kids. I'll be ready to buy at $1.50 or so.
...and CANN takes another shit. lolol.
Son?
lol.
How's your technical analysis working out for ya?
How much bleeding today, 7%? lol.
"Tell me about a stock that made it off the gray sheets faster."
Um, you do know that Gray Sheets are a place for stocks that have been suspended by the SEC right?
You're bragging that CANN went from the shit house to the dog house.
Rookie.
...and that's why the technicals have the stock still at $1.30 a share, instead of $20 or $30.
Keep living in optimism. He appreciates your life savings. ;)
I have over $180k in different cannabis stocks, and any Mickey Mouse club company with negative EPS can get off the gray sheets.
Oh and by the way -- Mom's basement, which I paid for; is bigger than your house. Don't talk.
Frichtel is an a-hole, and he ignores shareholders who are critical of his share valuation and lack of transparency on the direction of his company. He's taking you all for a ride and diluting shares by issuing stock to get general cannabis out of debt.
Why is he in debt? He buys shit he doesn't need. Then he spends a fortune on labor (himself and his board at least. No doubt his sales associates are happy with $15 an hour and a free lb of weed a month.)
Dump this stock and short it. I'm telling you. He's burning bridges. No matter what good news his SEC filings might imply.
Great time to pick up some more shares on the way back down.
Your price per share average can only improve over the next few months.
This stock is trash.
I will be plain with everyone -- I bought to cover my position on 24,000 shares, and made a killing. Wish I could've gotten out a bit earlier on my short, but I did really well from $1.96 a share.
For those of you still reading - take your profits and get out. This bounce is a technical dream. The shares are still going to retest $1.12, and will likely fall to under $1 before we know what the shape of CANN is long term. I'm only telling you this because Frichtel and his goons aren't done spending. With low volume, they're playing us to the .50 valuation from the warrants that were exercised. Believe me when I tell you, this isn't over.
Take your gains from today and walk away. Respectfully - this dog is about to meet with 2018 reality, as is the rest of the market. Bigger companies will lose a fortune and the debt bubble is about to pop.
Get out. Now.
Robert Frichtel ignores my e-mails because he knows I'm shorting his company and making money the same way he is. This is a classic pump and dump, but the good news is, with their horrid EPS, it is improving, so on the short term, there should be some opportunity to take advantage of this dog when quarterly earnings are released. I'd expect a bump up to $2.25 or so before another dump when Robert and staff dump all of their shares and exercise their options.
It's still holding at $1.30 or so. I think we see a retest up to the 50 before we see $1.25. I'm buying to cover today. I've lost momentum on my short position. Ironically, I took the position when Frichtel responded to one of my e-mails with a snide remark about how the shares aren't under any obligation to show value to shareholders. I said "this is all I need to hear, and I'll be shorting the shit out of your shares now. Thanks for the tip."
He responded "Have a nice day." He hasn't responded to any of my e-mails since, and now I'm up about $10k.
I hope he is happy for how he's playing games with his shareholders.
Disagree that shares will go that low. I wish they would. I'm shorting the stock at the moment, but they will retest the 52-week, and RSI should trigger buys at the $1.12 range at the lowest. I still don't see it falling below $1.25 before then personally. If so, it'll be a toe-dip at worst.
Disagree from a technical standpoint. Agree with mismanagement though. EPS is improving quarter over quarter - showing promise in terms of future growth. Bigger players still need to raise capital and don't have recognition within the industry locally.
Positioning suggestion:
Quarterly earnings should allow Frichtel and his staff to sell more gifted shares at a premium, now that they've all provided themselves some cozy cheap options. Those options will be exercised just in time for the release of earnings, which will spike volume, and allow them an exit strategy at a much higher valuation. (Basically the same thing they keep doing every time they get to Q3 each year.)
If you want to get in while the getting is good, and ride the wave to it's apex, buy now, and watch the price jump substantially by the beginning of November.
But caveat emptor - be prepared to sell quickly, because once volume cools, these shares will drop again. EPS is still in a hole, and profits have yet to be had. (-800% since inception.) This company is content to operate on margins that haven't been seen by any competitor in the cannabis industry.
Buy (CANN) now, and hold for no more than a month, then sell.
That's this guy's take. Any others?
Frichtel is a f***ing crook who is doing everything in his power to push the share value down to issue more shares cheap, before earnings. The books are a mess, and they keep rewarding their HNW employees for operating at a consistent loss.
If he's not careful, my next call will be to the SEC.
Here comes the 100k+ volume. CANN is a solid buy in the short term.
I think there's reason for optimism heading into October. We should see support at $1.40 and a climb to the 50-MA.