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Steffan, IR, his iPhone: (415) 250-0105
You’re all welcome
Curious, not Panz.
There’s ways around everything. That portion of the bill is basically “grease” to help it slide through better and appease conservatives and critics. This is corporate America / Wall St / Shady Bruce ... plenty of loopholes to exploit. You’re smart enough to know that, Panz.
Complete non-issue. That only affects small shops. HEMP is a public company with many options to get around that... IF it even sticks to the final bill.
Steb, I agree. I’m also looking to buy back in... but do you really think 2’s are possible? She bounced HARD off .03 yesterday, and bounced today off the 50-day SMA at .0320.
However, we saw how quickly she plummeted after breaching the 20-day earlier this week, so if the 50-day doesn’t hold, the 2’s may follow quickly. The 200-day is .0250.
LOL? Bottom? I sold at .0360 today and .0380 yesterday. What chart are you looking at?
I'm now sitting on $165K, which includes $65K in profit. I will gladly buy back in, just not yet.
And no need for the attitude just because I took profits. I have been one of this stock's biggest advocates for quite a while.
It will matter, and it will move, but from where?
We all thought from .04 to .10+
Now looking like from .03 to .05ish
Sold my remaining 2MM this morning at .036. Sorry to fuel the selloff guys, but this turd is cooked until Congress wakes up.
Sitting on $65K profit since mid-February. You CAN make money in HEMP, just don’t get too greedy, dont trust any CEO, don’t get emotionally attached, and don’t rationalize or make excuses.
THIS IS WALL STREET. NO BABIES ALLOWED.
The 20-day SMA (.0388) was breached this morning. I immediately dumped half my holdings, which was 2.5MM.
This could get ugly for a while. I will look to buy back those shared when the price stabilizes, or when Congress wakes up.
SLAP THE ASK
20-day SMA at .0379 has been climbing support for months... that’s what I’m keeping my eyes on.
“Schumer says the bill has a high likelihood of passing the House and being signed by President Trump.”
Chuck Schumer is the Democratic Leader of the Senate, for those who don’t know. So yeahhh, sounds like the odds are pretty good.
http://wamc.org/post/schumer-columbia-county-call-relax-hemp-laws
Many people were waiting for .03 and that never happened. This week was all about consolidation. A strong week considering all things.
Next week Congress is back in session. Hype will continue to build as the Senate and House put together a final bill.
I see some price fluctuation of course, but the uptrend will continue. Anything in the 3’s will soon be gone for good.
9 months is extremely inaccurate.
I have grown several marijuana crops over the years, both indoor and outdoor. Hemp is very similar, taking 75-90 days from seed to harvest. Add to that a few weeks to gather, dry, cure, and process, then it’s on the truck... $$$
Here’s my thoughts on today’s action...
I believe the Senate’s bill passing was expected (due to the huge margin by which it passed the Ag committee a couple weeks ago) and therefore was already “priced in” the current PPS. Had the bill failed, we’d be at .025 right now. We at least finished green.
The next catalysts will be:
#1: The hemp provision from the Senate bill making it through the conference committee to the final version of the bill, and
#2: Trump’s signature shortly after
These two things will likely happen between mid-July to mid-August, and when they do, the stock will soar. Up to $1? No way. However 10-20 cents is definitely possible.
In the meantime, I see this bouncing around the .0380 - .0450 range. So either just stay put and wait for the jackpot, get on the sidelines, or hold a core while daytrading the rest of your shares.
One more thing... I know a lot of guys have been here many years and are still way down, but let’s not forget that the stock has straight-up doubled in just the last 4-5 months. Gradual, organic, upward momentum too. So the chart remains in a very healthy uptrend, probably the healthiest and most sustained run in this stock’s history. Seriously, look for yourself. Don’t let your expectations get the best of you, as everything is happening exactly as it should be.
Good fortune to us all.
I totally agree.
Congratulations! Tonight I celebrate with hemp’s “illicit cousin” - as our friend Mitch McConnell would put it.
Senate is in recess all next week, so I wouldn’t expect anything until at least mid-late July, however August is still possible.
Good news is, nobody said anything bad about hemp being in there, so no doubt that we make it to the finish line, whenever that is.
VOTING NOW ON HR2 - FARM BILL!!
Montana's Senator just mentioned hemp production being an important feature of the farm bill.
Just hang on a little longer, my friend... our time is coming.
Monday's vote limited debate to just 5 hours...
The Senators talking about the Farm Bill are helping us get to that 5-hour point, and preventing other Senators from wasting time on other things. We are almost there...
Great article, especially for the cry-babies who complain whenever the stock’s movement “doesn’t make sense.”
Farm Bill (HR2) #1 on Senate's list today, 10am:
https://www.gpo.gov/fdsys/pkg/CCAL-115scal-2018-06-26/pdf/CCAL-115scal-2018-06-26.pdf
https://www.senate.gov/legislative/calendars.htm
Thanks man, good luck to us all... those of us with the foresight to be here deserve what’s coming.
4,470,000 to be exact.
SENATE VOTE IS TODAY, LINK ATTACHED:
See page 2, regarding H.R. 2:
https://www.gpo.gov/fdsys/pkg/CCAL-115scal-2018-06-25/pdf/CCAL-115scal-2018-06-25.pdf
Someone has a short position they need to cover...
I had that same thought, but we did touch .0409 today, so a gap will only occur if we open at .0410+
ARTICLE: HOUSE PASSES FARM BILL
https://www.politico.com/amp/story/2018/06/21/house-passes-farm-bill-663124
House just passed their version of the Farm Bill. Now the Senate needs to officially vote theirs in next week, which is basically a guarantee.
The good news about the house passing is that there will be no more delays before both sides of Congress get together and come up with a final version of the Farm Bill for Trump to sign.
The Senate’s version, championed by majority leader Mitch McConnell, has the hemp legislation that will inevitably go through to the final version.
Everything is going PERFECTLY.
PASSED!!!
NEWS LEAK?
Yup, and McConnell is not only the Senate Majority Leader, he’s the most powerful person in Congress. He will get this done, period.
MAJOR ANSWER: The House’s version of the bill does not contain hemp legislation, and that’s because both sides of Congress have acknowledged that Senator Mitch McConnell has already done the hard work, and inserted the Hemp Farming Act in the Senate’s version of the Farm Bill. Once both sides pass their respective versions, they will go to conference and effectively “merge” both into one. It’s a foregone conclusion that McConnell’s hemp legislation will make it all the way to Trump’s desk.
Exactly. Especially OTC penny stocks. Volatility will always be there! And when there is no news, price action will be dominated by daytraders. That is all that is happening. Trying to find reasoning is only going to stress you out more. This is the wild west of Wall Street!
Everyone here needs to chill out. I’m probably the most bullish guy on this board, with more shares than anybody, yet I understand that this is an OTC penny stock, and there will be volatility, especially after large moves. Forget the conspiracy theories, ideas, selling, etc. Stocks go up and down. It’s just that simple.
The House doesn’t matter in the overall picture for Hemp. Mitch McConnell’s hemp legislation in the Senate’s version will make it through to the final version of the Farm Bill, no matter what. The House is a joke right now, and everyone knows that.
Everyone should pull up the 5-year chart and see what HEMP did in December 2013 and January 2014, BEFORE hitting 30 cents in Feb 2014...
Quickly went from 1 cent to 9 cents, then back to 4, for weeks... then BOOM! That was a lot of volatility, and was a result of the legislation leading up to the farm bill - exactly what is going on now.
AND, that was before the R/S, so the share count was very similar to where it’s at now.
In other words, the fun is just getting started. Many traders may want to sell and take their profits, which I understand. However, I’m ready for this brief volatility because I see much more upside. My eyes are on the prize.
OMG... LMAO