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Red to Green coming for marijuana stocks guys....GAME TIME
This whole Kavenaugh thing distracting the markets right now
Easy to see the writing on the wall for all MJ stocks let alone ICNAF.... come mid to end of next week, reality should set in for all of the bystanders out there
This is just taking a breather right now. Loaded more today and will from here til back in the 1.30's to be honest. This volume is too much to ignore.
Just wait til next week when everyone starts to look at this sector....October 17 is only days away now
ICNAF long and strong
NBEV was crazy. Paper trading is teaching me enough right now.. I think I'm going to go live tomorrow and hopefully NBEV heads higher. https://stockmarketacademy.wordpress.com/2018/09/18/what-is-paper-trading-and-why-should-i-consider-it/
Lotta People Paper Trading This Right Now...Bet they regret not putting real money in but hey, it makes for great twitter posts, right? haha. What a run so far no matter if you're playing paper or real. Amazing
https://stockmarketacademy.wordpress.com/2018/09/18/what-is-paper-trading-and-why-should-i-consider-it/
So much drama about NKE. It's an ad campaign....if anything it should help grow sales. What a boring day with all of this BS and the whole FB TWTR meeting... https://stockmarketacademy.wordpress.com/2018/09/05/slow-trading-doesnt-need-to-mean-no-pay-day-in-the-stock-market/
What's a Better Trade: QQQ or SPY
https://stockmarketacademy.wordpress.com/2018/08/31/whats-a-better-buy-spy-or-qqq/
WOW THAT'S CRAZY!
Was thinking about SNAP myself.
No problem at all. You're welcome. You watching anything else this week? Lots of earnings coming out.
Know The New Trend For Marijuana Stocks?
https://smallcapreporter.wordpress.com/2018/08/07/know-the-new-trend-for-marijuana-stocks/
Getting there. Volume yesterday was really strong
I like CRON too...totally forgot about that
Marijuana Stocks: What Do Parents and Cannabis Producers Have in Common? https://marijuanastocks.com/marijuana-stocks-what-do-parents-and-cannabis-producers-have-in-common/
Nice. Where did you find that link?
Yep...can't wait til October for cannabis stocks to pop
Marijuana stocks to watch for second half....Mostly Canadian and it's no wonder why: https://medium.com/stock-market-source/marijuana-stocks-to-watch-in-canada-and-the-us-f673a4d922eb
GTBP is right at a VERY important level right now. Trace the chart back all the way to January...this is a big-time support/resistance level
BIG NEWS again from GTBP....writing on the walls.
"MAJOR PHARMA COMPANY"
ANOTHER BIG NAME WITH INDUSTRY EXPERIENCE
NEW CEO IS MONSTER EXPERIENCE
KEY THERAPIES IN THE PIPELINE
and it's all under $10/share right now
Still trying to push through 1.20 for good. I saw some resistance around 1.23 with a large offer bu don't see that anymore.
WHAT A DAY for GTBP
Pretty sure until September of Next year
Exactly....and don't forget that theres a MAJOR lockup on insiders too
Might look red right now but I think this is just how the US market is reflecting the arbitrage. thoughts?
GTBP 1.94!
Agreed. this 1.50-1.70 level is prime territory for the reversal to kick in. At least it has been for the last few times it's been trading down here. Looking for $2 then $2.25. That's been the case several times in the past so we'll see
Pre market looking good right now....current Ask is 1.75...a gap and go would be great today
saw you in here last month. I think it's about time it's back in play.
Agreed Doog....sleeping beauty
Dip confirmed July 9/July 10 on GTBP
Chart ain't looking too bad here guys and girls. Nice curl from beginning of the month
base line support bounce today I think for LBUY
agreed. No way this stays quiet for long
quiet accumulation right now.
"Cobalt Prices Are Up 148% Over The Last Year, Might Just Be Getting Started
In the past 8 months, the electric vehicle conversation stopped being about whether or not Tesla Motors (NASDAQ:TSLA) had the ability to scale, and started being about how the legacy companies are going to supply the growing EV market that Tesla opened up. Audi, BMW and General Motors adjusting to put themselves in position to keep up with a changing auto market are causing the undersupplied cobalt market to undergo a shift of its own. Runaway cobalt price (+148% Trailing Twelve Months) is fueling an aggressive push to create new supply. In the first-ever deal of its kind, special purpose cobalt royalty & streaming company Cobalt 27 (TSX-V:KBLT) earlier this month purchased the rights to $300 million worth of cobalt byproduct from steel giant Vale-SA, who has forward-sold it to finance the expansion of their Voisey’s Bay nickel-copper-cobalt project in Newfoundland. In what might be considered cobalt’s move into the mainstream, Vale simultaneously did an identical streaming deal with established streaming company Wheaton Precious Metals for $370 million. Cobalt 27 was able to finance the transaction immediately with a $300M bought deal underwriting, as institutions recognize the price potential in an under-supplied cobalt market. While companies continue to explore potential cobalt sources, the demand from automakers is expected to exceed the increasing supply.
The supply deficit in the cobalt market that is being brought on by the EV scale-up is causing a runaway cobalt price similar to the lithium supply crunch that came early on when the EV boom was just a market projection.
Lithium supply scaled up rapidly in the initial Tesla gigafactory hype because the price of lithium acted accordingly. Since lithium comes from brine operations with a relatively short discovery and development time, the Lithium price cycle reached a stasis quickly. The supply now exists at a price that the producers and buyers are happy with, and many predict the lithium supply crunch is mostly over. But lithium alone won’t get these batteries made.
Depending on how they’re made, battery cathodes can be over 60% cobalt by weight. Batteries only recently became the most common use for cobalt. Previously, the metal was mostly used in alloys. Those alloys aren’t going away, and more batteries are going to take more cobalt. It’s still unclear where all of that cobalt is going to come from.
Asian Markets Are The Largest EV Producers and Consumers
Government mandates and fuel price sensitivity have the Asian markets adopting full-electric and plug-in hybrid cars much quicker than American markets.
Facilities to handle all parts of the materials process are being built at an accelerated rate in all major manufacturing centres, but most notably in China. Chinese materials company Beijing Easpring recently commissioned a US $495MM battery materials plant designed to “ease the bottleneck,” created by the explosive Chinese growth of EVs, including those made by Warren Buffett-backed BYD Auto. BYD surpassed Tesla last year to become the number one seller of EVs in the world. General Motors has already launched 10 electric and plug-in hybrid models in China, with ten more to come.
The Hunt For Strategic Supply
To address the opportunity created by this localized development and price growth, the team from Pacific Rim Cobalt (PCRCF) (BOLT) selected the Cyclops property for advancement as part of a targeted strategy. The Cyclops Cobalt-Nickel Project, recently renamed for its close proximity to the Cyclops mountain range, is situated on the north coast of Papua Province, Indonesia, a country ranked among the largest hosts of nickel laterite occurrences in the world. The project’s tidewater location allows for strategic access to China, the largest battery metals markets in the world. An economic cobalt deposit at a location a short distance from most of the world’s operating battery production sites, along with most of the facilities being produced, would be a coveted asset. After raising $8.3 million, Pacific Rim Cobalt (PCRCF) (BOLT) CEO Ranjeet Sundher and his team are out to make Cyclops the cobalt project that the world needs.
The nickel-cobalt laterites in the Cyclops mountains on the north shore of Indonesia had been explored by the Dutch as early as the 1950s. Laterite projects like the Cyclops were originally valued for their nickel content. Cobalt being an afterthought, exploration occurred at the Cyclops in fits and starts over the years as the nickel price gyrated.
The aggressive sampling, mapping, geophysics, and drilling efforts that began in April and June of this year, respectively, at Cyclops is designed to ascertain the veracity and extent of the 37 million tonnes historical estimate that the previous operators had calculated at 0.11% Co and 1.31% Ni (at a 0.8% Ni cut-off grade) in the 1970s, please see the historical estimate section below for more details. A defined nickel-cobalt deposit on the north shore of Papua Indonesia would be meaningful to battery makers, metals traders and equities speculators who are all watching closely. The drilling program is ongoing.
The State Of The Cobalt Trade
Pacific Rim isn’t the only company aggressively heading into Cobalt. The historical lack of dedicated exploration and development for cobalt and the sudden demand for the metal have created a popular trade, but access to it remains limited. There are a few previously active areas that mined cobalt as a byproduct being re-envisioned and re-opened, most notably First Cobalt’s activity in Cobalt, Ontario. The company has just completed an acquisition of Idaho-focused US Cobalt, giving it exposure to both of North America’s premier cobalt areas. At the production stage of cobalt equities, Katanga Mining has sustained investor interest, despite tremendous uncertainty surrounding the ownership and operational consistency of their flagship mine. Global Steel operator Vale-SA has effectively sold their cobalt exposure to Cobalt 27 and Wheaton Precious Metals to finance the Voisey’s Bay expansion. This appears to be the action of a trade that is popular, buzzy, but not yet crowded. Before long, the average investor may come to understand that materials like cobalt are a critical component in the battery-powered ecosystem, and the next wave of investment opportunity will have started to form. Investors accumulating now are trying to get the jump on top of a growing investment trend, where the headlines are all about cobalt, just like investors rode the first battery trend with lithium stocks."