Everything I post is IMO
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lol at selling 3k to paint the close red.
Anyways. The playbook has been release something upcoming, and then close something that has been going on.
Feb will be production of the first orig content. I think we get ICO update news next week, followed by production news in Feb. Then we get closing of ICO news somewhere in March - April. With something new going on before the ICO close.
Just a hunch. But it feels like we get closure on an update. and then a new milestone about every month lately. Would make news next week likely if that is the scenario.
Is another 10 right behind it, lol. Doesn't matter though. Big money sees where this could go in short order. Plenty of large asset backed cryptos around. If done properly, it could be a winner in the crypto realm as well.
Wonder how much money this ICO has the potential of raising. If they back the token with the projected 8-10 million from the first crop. That alone is more than the company is worth now from the last share count can see. Looks undervalued.
http://cannanet.tv/news has a lot to do with ICO's today... Interesting. Usually came from twitter. But seeing it on the website + a crypto tab makes you believe that a play into the blockchain space is inevitable.
Now what we need to see is a well thought out plan and execution. If that happens with a marijuana blockchain media company... It could be really special.
Send me a link once you do! Took about a hr to do some quick DD before I sprung into action late in the day to make a purchase.
Doing some research to understand the timeline in which i'd like to hold the shares. Looks promising. If they can be one of the first to extract all marijuana compounds commercially... Would be pretty big for the industry... Thanks!
Doing some DD on this commpany... Anyone have more updated share counts? How bout a positive / negative about this company.. Thanks
I'm buy side... So I know i'm not going anywhere!! $10 buck commision to only fill up like 5000 shares. Bite me MM's!!!
*Edit.... Got 50k more.. but still short by a bit. Keep em coming jabronis!
Thats cute. Someone sells me a few thousand shares and now i'm stuck with a $10 commision!! Someone fill me up now. Don't be so stingy with your shares. Remember what the guy with the siren says!!
Just reading some posts about how pot is so overproduced it's fetching a dollar a gram in some areas.
http://www.priceofweed.com/prices/United-States/Washington.html
Seattle, Washington $12 an eighth medium quality January 13, 2018
Yakima, Washington $30 a quarter high quality January 12, 2018
Zillah, Washington $56 10 grams medium quality January 7, 2018
Seattle, Washington $80 AN OUNCE HIGH QUALITY January 6, 2018
That is going to be even lower once more competition ramps up from Canada. Imagine all this production increases will be met with overproduction and a sharp drop in price. Good for the hippies!
Smooth move going up to 0.0116... =/ I'm planning to accumulate more at the lows of the day if possible and you just made my job harder! lol
Oh well. Maybe some fools will step in late in the day or tomorrow. Have to lighten up another position and what better place, ya know?
Already have a core + trading position here... But I guess it's 2 trading positions now :)... Don't worry. I have silver in mind before offloading the next round.
BULLISH HARAMI CROSS : "The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected"
Keep an eye on INMG shares. Market is favoring buys to sells again today. Americanbulls technical analysis is usually profitable.
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=INMG
Please remember Jeff Session comments coincided with a slide in the sector which likely caught INMG with it to some extent. Went from .022 to .011 within 2 trading days. What's it's done since is hold that number and made a case for the trend to continue upward.
To see that it is making solid efforts to base here means the trend higher is in play until it's not. With sector / PR momentum showing it can spike this company higher. It's really just a matter of being patient and keeping flexible when the spikes happen. Which. Most of the negative people here already know... And are now frantically looking to spook people out of shares before the next incline begins.
To all, gl! It's fun to watch. I just stay long and check in here n there. This isn't my only. But's its by far my largest % of the long pot stocks portfolio! Very happy to have found this one before the news cycle did.
They use a account that is negative once they sell / short. Soon as they accumulate what they want. It's back to the positive / spread the news account so they can pump the position into it's selling target.
Seen these groups act before. This has peoples attention. Crypto traders are in our midst. You can see it in the price action / comments here.
We are in good company! Just need to know what we hold.
Last ICO I held put in 7 bitcoin to a company selling a game "Augmentors"
Took a few months for the ICO. But by the time we came public I sold my assets for roughly 40 bitcoin. And so the story goes. Crypto wealth is serious. And if the direction of the company is well thought out and takes on the blockchain in a positive manor... Wow. You all will be in for a treat when crypto money pours.
Just look at twitter for related INMG assets. Always talking about crypto lately... Get ready for the big one at some point when the company is ready. Regardless we have a big month ahead as we get the first orig programming for the network! That alone if the first episode looks professional should drive some additional investor attention.
Agreed. Speculation has a place in the market though. And that is why people are talking about it. You can see the obvious interest.
It's a matter of time before we get it in writing IMO. And that's why I sit back and add more at each level decrease in the price. Because we all know we are a PR away from another sharp move like 9 months ago when they entered this space.
I haven't been here to long. You are right. I was busy with bitcoin the past few years. At one point I was mining a bitcoin a week with my overclocked mining rigs. Did quite well. Put me in a new tax bracket this year.
Looking to the next leg to come from this sector. Bitcoin didn't take off overnight. Nor will many of these pot stocks that will likely be winners at some point.
It took the market 7 years to figure out what my family and I knew when it was a few bucks a coin about 7 years ago. It's okay to be early if you trust the trend and risk / reward is worth it. Spread bets and watch your money grow. That's my opinion.
Stinks like panic in here from the people hating on the stock. Must not be liking the price action past few days. Looks like those support levels are pretty strong and their is a wiff of reversal in the air.
Going to be a fun day to watch!
Will be interesting to see how money flows in the US to the sector. I know a lot of money will look to invest in Canada as it's the new frontier for marijuana growth with close ties to the US government.
A lot of money is waiting to jump into this market. I have a feeling the market will grow around it where it can. I feel like the US might get more pick n shovel type companies in this modern day gold rush. Those companies could have a concentration effect by the money being funneled to a limited base of investable companies without the risk of federal interference.
If you had big chunks of money to invest. Would you put your eggs in the basket with the grower (70-90% tax rate) producing a federally illegal product? Or a media company (35% just reduced to 21% for small business) whose CEO has a proven track record doing what we hope can be done here.
Both in the same sector. The risk / reward to me seems obvious. You dance around the edges of the industry until it gets more clarity.
Sector news
https://www.marijuanamoment.net/congress-misses-opportunity-vote-marijuana-amendment/
No vote for recreational protections tomorrow it looks like. Even more of a reason to be long US ancillary / Canadian growers for 2018 IMO.
CBWTF will be better positioned to reap higher margins than competitors as the markets get more competitive and the price of the commodity reduces. It will likely be a few years. But at some point high profit production will outpace demand and prices will come down and inefficient grows will shut down. Meanwhile CBWTF can just take its 49.9% and sell it at market price with a cost basis of close to nothing.
So many companies looking for funding for projects. With banks being a little tougher to work with. Makes companies like CBWTF more valuable.
Sector news
https://www.marijuanamoment.net/congress-misses-opportunity-vote-marijuana-amendment/
No vote for recreational protections tomorrow it looks like. Even more of a reason to be long US ancillary / Canadian growers for 2018 IMO.
Budbo ICO is about to, or may even be sold out of it's pre-sale. I got a referral if anyone wants to try it out. I wouldn't mind some extra tokens! Bought a few hundred bucks to keep interested in the blockchain stuff around the pot industry. Because to me it makes a lot of sense.
Got a few just to be safe. No real smart contract pot eco-system coins out there. And these guys already have an ecosystem / app in place which is positive.
The ICO price for that gives it about equal value to "Pot" coin give or take. Potcoin has a bloated, and simple platform using proof of stake. Budbo looks to offer a lot more value to the ecosystem including the currency aspect which is pot coins sole purpose.
https://portal.budbo.io/?ref=6e2bb2af4f56989fc7c3a207
Is the presale link. You gotta have some bitcoin, ethereum, something like that or put in 5k wire. Starts out at .20 a coin in presale and goes up to .35 by the end of the sale. So it's not a bad price if you buy in early.
Accretive and positions the company into it's pipeline for the future. That is a well done deal.
Pot sector is ripping higher. Looks thin to 0.015 cents. But first we got this 0.012 pivot point to get through. Going to be a big week for pot stocks. Friday 1/19/18 is the date to keep an eye on. Could set up a major rally in the sector.
I predicted a green week last week based on technicals / industry catalysts.
Still feel confident we have a green week.
Mondays TSX (Canadian) trading was very positive for pot stocks. We will see if it can follow through to the American markets today.
1/19/18 could be a nothingburger or a big day for US marijuana laws depending on the outcome of the omnibus spending bill. Going to be an exciting week!
Not everyone bought this for a day trade. Maybe spend a little more time studying technicals or other things that make traders successful. Perhaps a little less time blaming others for being impatient or greedy.
Just my .02 cents a share. ;)
Tom has been responsibly creating shareholder value since he took over as CEO.
IMO this is what the playbook has looked like so far. And then more IMO about why and whats next.
Step 1: Acquire assets in the marijuana sector. (cannanet.tv, localcannabisdispensary.com)
Step 2 : Build content library.
Tom has used M&A to build out a responsible base of assets.(according to last filing assets on the balance sheet at almost = to the total market cap as valuations stand today.)
Step 3: Pay down debt / balance sheet balanced (Preferred B shares redeemed in OCT)
Step 4: Create original content (currently in the works)
Step 5: Take our cannanet.tv website out of a proof of concept stage. Dedicate resources to a clean website with the possible addition of blockchain enabled features.
Step 6: Marketing / branding / partnerships / roll out the platform to a broader audience.
TOM has shown he can take an idea and turn it into something great. Look as his first company he turned into a partnership with Paramount pictures.
Tom's no stranger to creating a media company. Add into the equation he isn't paying himself a annual salary... This tells me he plans to get paid through creating shareholder value. Perhaps he plans to position this company to partner with a major media company, or perhaps be bought out just like his first company had been.
If only we could trade with hindsight and not be blinded by greed when we see profits stacking up. That's on you.
How To Determine If An ICO Is Legit?
https://twitter.com/ICOBuzzNews/status/951869744155709441
Retweeted by Cannanet.tv twitter in the past hour.
Look at how INMG isn't suffering major losses on the day when much of the sector is. This is why CEO's don't put out PR's until they can fully grasp timelines as to not mislead investors.
This is going to make it through the bloodbath and within a few weeks once things are more clear the fractions of a penny will seem irrelevant.
I know a lot of people see blockchain and want that quick pop off the news. I am with you. I'd like to take a little off the table on a run as well. Who doesn't?
A well executed blockchain platform through either cannanet.tv or localcannabisdispensary.com would get peoples attention you'd think.
A reward system in which you could use tokens you get for your engagement of the platform throughout the content INMG offers.
If a well executed platform / reward system upgrade comes this could really catch peoples attention. If we keep the same website that we launched in Q4 and don't plan to make it better, ever... Than we have big problems. Or maybe he has even better plans. That is just one logical use I see for an ICO.
To me it looks like he's building a content library of assets he can afford. That was stage one. Now that he has some content to fill the back he can go after that 1 show that will bring in the viewers and kickstart the growth curve which surely can be great if this can be executed over time. A good show + celebrity endorsement would put this company in a new ballgame.
People are impatient. The pot stocks lost some sizzle and now the sky is falling!!! lol. They will move on and someone new will take there place before long.
Glad I found this when I did. It could be back in obscurity soon / a major round of bashing while the shorts / sideline haters load up on the low. Or.. Until news or pot stocks soar again. People need to really look at there own psychology when trading. It's sad and usually comes from a place of greed cause they want something now!
This CEO isn't a pump n dumper. So its unfortunate for those trapped in a negative day trading position that you have made a bad bet. But stop blaming someone else and look at yourself. People are funny. Just use your brains and stop looking at the 1 minute charts of the day to day and realize what is going on here.
In the land of pennies I don't know many better risk / reward setups going forward. It just takes a big name comedian, or a revamped website, or an assumption of a better platform where the content we build could be utilized more efficiently... I just don't see this guy as done, or reckless with shareholder money. I am in it to win it baby. I ain't even mad at the haters. They have a pivotal role in shaking shares from the weak so the rallies can be even better. Ya'll can't shake the strong baby. Scare away some more weak cats so the big dogs can play. Thanks
"I have learned from my experience in 20 years of researching and playing penny stocks, when the fear level noise increases on a credible and transparent company doing things the right way with a reputable CEO and has numerous upcoming catalysts/news, positive past stock performance, but technically stuck in a channeling range on a chart well off the lows – you BUY the fear in my opinion."
http://ownthefloat.com/index.php/2017/11/22/inmg-cannanet-tv-to-make-historic-network-launch-in-the-cannabis-space/
Relevant
Cannanet.tv twitter posted more blockchain in the past 24 hrs.They been solely posting blockchain / marijuana relevant articles since they came back from a short break.
Anyone can see INMG is interested in the blockchain. But how many people know about the events going on? I've NEVER heard about INMG anywhere else than Ihub. When the heard finds the growth trifecta INMG is pursuing things will heat up IMO.
Nothing on the INMG twitter since crypto talk on DEC 14. IMO the next time we see INMG tweet will be a material PR. Looking forward to next weeks industry (Marijuana) events.
Charts are setting up around the pivot point of 0.012. If these levels are rejected / supported here then the next move will likely be a test of the .022 area again. Looking at volume and other longer term chart setups I have found a correlation between large dips (stop loss triggers) and accumulation. Next week my charting suggests we will have a positive week, with about 50/50 chance it will start a multi week run.
Charts point to positive price action next week.
Take a look at the 8 month weekly. Every big drop in the price coincides 3 weeks later with a positive week and in some cases starting a rally.
Looking to possible marijuana industry catalysts next week we have a huge one on 1/19/18 and a shortened trading week. That could put the sector in play after this dip.
Just something I found curious today looking at the technicals. Next week would be the cover week according to the chart. Maybe i'm just looking to hard. But so far so good.
2 more tweets today I could see from cannanet.tv twitter. Both blockchain related.
Looks like the bottom playing with the idea of confirming its in. We could be setting up well with a double bottom off higher lows. Looking better if we can close above like 0.0138.
We might find out sooner than later! It's up to be tested now.
Someone likes putting up 1-2 million share trades today. Last time it was a bid to induce buying... Now we get a large sell to induce selling? Maybe not long before the buying? Time will tell.
Going in the right direction now. Lot of people still on the sidelines looking for panicked shares. Encouraging so far.