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Their bottom is .0001. Barring bankruptcy; which could affect any stock no matter what their market.
No, he meant forever, because stocks always rise (granted the OTC stocks were probably not on his agenda, but then again, MJ was never an option as an industry before now).
I read a comment on a basher of the stock market, as a whole, was one big rigged game and if you believed it was an investment, he "had some swamp land to sell".
Going by Buffett's point, the Louisiana Purchase was made for about the amount of $25... I wonder how much he would be asking for his swampland nowadays.
Well, yes and no. You can withdraw from it like a bank and keep most of your holdings.
Especially when long-term taxes come into play. You get a great break. If you keep put yourself in the 15% tax bracket with just your capital gains and declare no other income in a year, it is totally tax-free. With everything paid off, I'm sure I could make it work.
Just takes more risk than shorts have I guess...
With that kind of time off, I could start building up my non-profit ventures!
He also said, "the best amount of time to hold a stock is forever."
Do you think HEMP could be a forever stock?
See, exactly what you said "they take your money and pump it into their affiliates".
Now, try with a positive spin. "They take your money and invest it into other companies which Bruce Perlowin, guru of this burgeoning industry, believes will excel given the climate of change in marijuana and hemp legislation."
You pick your point of view, and you benefit from it or pay for it. OTC Markets might be too risky for you bears. Go buy more bonds.
Like I said, you have a valid point. But, I am long on HEMP and believe that Bruce is actually building a company to stand the test of time, which yes, takes investor capital.
I take these PRs and there coinciding drops as Bruce using my money to grow HEMP Inc for the future. You either believe that or you don't when you have taken a long position on a stock. So, selling my position in less than a year seems very short-sighted to me. More taxes, no guarantee that you get maximum ROI. To a short that thinks 4 months is a long time, my methods make no sense.
But, if you are that concerned about my investment strategy, I assure you; I have not put all my eggs in one basket. And, the MJ sector is vast.
I just happen to really like that Bruce Perlowin is CEO of this company. He is a "who's who".
The filing is a GOOD question. Does it have to do with selling the product Marijuana, as it is a schedule I drug? I just imagine that has an effect on reporting standards.
I don't know for sure. Thoughts?
MJNA has real products that are being sold in Colorado, receipts are issued and everything.
Anything they do to grow while still under $1 is fine by me.
Correct me if I'm wrong, but did PHOT's directors cancel some of their OWN stock to support shareholders in that 8-k filing?
PHOT's heart beats!
Volume is not terrible today... trading in the wrong direction, but it's not terrible.
What I particularly enjoy, and am at the same time quite nervous about, is how odd the variety of industries that HEMP is aligning itself with. I mean, cloud technologies????
So, if I were bearish, I would sell immediately based on all the questions that are raised by the PRs, and the lack of answers to why the PPS keeps dropping. Charts make it look very pump n dump. Look back at last year.
But, I'm not. I'm am perma-bullish. I think Bruce is building something big. I cannot see why he would jump into all these new industries so far from his expertise, unless he was trying to accomplish a magnanimous project.
There you go iHubbers. Two schools of thought. You believe Bruce has a plan to make his company succeed or not. Have at 'em.
Have you recently checked the entire MJ sector? From CANV to ZDPY and all points in between, they're all dropping their PPS, they will use the money to grow or scam.
Heck, even the non-MJ sector momentum stocks have fallen off BIG. You see DDD and ONVO?
The move to safer stocks was apparent (even Cramer got this one right).
I hope they're coming back to the riskier sectors of rapid growth soon. But, if not this summer, then by the first quarter of next year.
I cannot time tops and bottoms, I cannot foresee which company will turn out a scam, but I do know that the rapid growth in the MJ sector is coming. Of what I have been reading about HEMP as a company, the way they have diversified their partners and clientele, they will either be HUGE or fizzle.
With the opportunity to buy shares of a company with that kind of potential for under 10 cents, it is a risk that I and several thousand other long-holders are willing to bank on.
That would be unlikely as the first shipment of hemp hearts arrived in February of this year.
Also, the FDA is weighing in on all sorts of MJ and hemp products (no, I will not give them credit for knowing the difference, since they didn't study it as a potential cure for many debilitating maladies due to a ban based on fictitious research)
And then there's the fact that this is a startup penny stock. Do many of them get rolling within months of receiving product, dealing with brand new govt. regulations, and the recent inability to even farm the crop within US borders.
Clowns. I tell you. Short clowns.
Good post. Do you have a theory on what we are waiting for as potential catalysts?
Would it be sector-wide or limited to ICBU?
This post was not for this board. Please, delete.
Market today looks like money is flowing out of the 'safe' stocks and into the more risky MJ sector. This could be the 'Sell in May and Buy Green' year we have been waiting for!
Just a thought.
Start a company and give him a few million shares. He will take a chance on working with ya. ;)
I have only just started learning your day trader speak. What is RS?
You are right, HEMP MONEY. This stock has seen its time come and go. With Colorado being the final state to legalize the sale of recreational marijuana and several states dismissing new farming laws regarding hemp, I am sure we have seen the last of the profits from this company.
If you are just here to say I told you so.... wait, why are you wasting your time here telling us all "I told you so"???
Hey you guys are busy today. What's the news on the street that got y'all in a tizzy?
I saw no news.
Could you name the big name players in the hemp industry for us?
You are my favorite kind of investor. Hold her long, this ain't no marlin, this is some River Monster sh*t right here.
In 5 years, you will have hundreds or even thousands.
...or nothing, but come on, it's $70. Smart play.
Saw that PR. Honestly though, it seems like fluff considering all the time DEWM has had to validate its business.
But, the shorts followed it...
Stay in the fire. Become a phoenix. HEMP isn't going away.
But.... nobody will buy when there is so much uncertainty in the sector. That's why the DOW has been up the past few days. People are still putting money into stocks; they are just obtaining more secure bets, likely from the earnings they have made in momentum plays.
The momentum will return to the MJ sector, of course. The question will be when.
MJNA is one of the most solid MJ plays out there. I could use this stock as an indicator for the entire sector, and it has not looked good for the past few weeks.
Where is the fervor for the MJ sector?
That's for damn sure. Maybe they're making it illegal again? lol
The entire MJ sector has taken a breather (or, a gasp, depending on which stocks you hold). I still think by next year we will double or triple or more on the legitimate MJ stocks.
You got the plan right, I believe. Hold these pot plays long and pay less taxes than the shorts. Barring further SEC intervention this sector has only to grow in the years to come.
I would assume it was naked shorting of the stock by people who weren't authorized to do so.
In any case, it scared off a whole bunch of "investors" from every other MJ stock as well.
That's why the majority of the sector has dropped between 20-80%, because of stock manipulators afraid of getting caught.
Positive prediction: After 6 months, we see PPS at .2
After a year, we realize how big a company HEMP
has become with ACTUAL reporting and PPS rockets to
over $1, I'd reduce and move money around but keep
a big stake in HEMP
Negative prediction: We see a long slow decline with little to no
REAL news and we drop our PPS to about .015 before
a bounce to .03 where it would stagnate until
January-February of next year at least when HEMP
does another pump that is fed by more positive
legislation, which creates another bounce to
maybe .4, at that point I'd be in long and would
sell everything but maybe a few thousand shares
as a gamble.
My bottom line is that the ticker is very relevant to the new industry, and barring any legal trouble, HEMP will make me money either way. Just hoping for the positive viewpoint to take
I am averaging down right here.
Well no. It's looking bad. Everyone is holding or selling. Buying would suggest more volume. There has not been 'enough' volume for the past couple of months.
Albeit, when it looks bad, you should buy. But we are on the OTC and that can be very very risky. Too risky for my blood. Holding what I've got and hoping for HEMP to show itself as the leading company in this sector.
But, I am having a harder time gauging when the bounce will come. I may have to wait several years out for the same gains I could have shorted at .3 is my fear.
I do not want to ever say, 'shorts had it right.'
So, if we can claim some new support lines for at least double the PPS HEMP is now, I would feel a little better regarding my position.
#notsellingeitherway
I just thought of something to speculate on. We haven't seen many 'fluff PRs' for a while now. All of the companies with which HEMP aligned themselves have dropped in share price massively with little to no news in recent months, specifically DEWM and REVI.
Could HEMP be building up its 'constellation of companies' as we speak?
Watch for PRs from those two. Specifically about Kush Cakes and Hemp paper.
Oh, I think I see what you're saying. But I like discussions, it is how I learn.
Does that make a difference whether MMs are making a market based on client orders as opposed to client sentiment?
And what news today has caused such a high influx of volume in HERB?
Do you normally invest based on 'feelings'? It would have to be substantial news. Even then, investors have to come back to the pot sector as a whole.
I'm waiting for the legitimate companies to shine, I just hope they can prove their validity within the year.
Are ETRF, CSTI, CDEL, and NITE not MMs anymore?
I've been seeing some funny action on a few momentum plays in my portfolio today. I hope it's some volume coming into my plays. Those were the good days wondering how high I would see my money go each day.
Wow. Did you feel that fall? Check out the spread now, too.
lol ASK back at $1.20!! Some HFTs get ahold of ya?
Makes you wonder where all the money for the momentum pot stocks has gone...
Volumes in this sector were tenfold from what they have been for the past month or two. I am beginning to wonder if there will even be another pop this year. It would sure help investor confidence, and it would create a breeding ground for short plays. Helping us all 'follow the money'.
Majority of the pot sector is running GREEN today! Good day to watch the potfolio.
It's about time for the downtrodden stocks to 'correct up'.