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.
Yup. Total trash.
I once though Dixie was a decent brand. Now I know to not only stay away from the stock, but I wouldn’t buy a edible or THC drink from them either. If the company is run this poorly, I can only imagine the likelihood is quite high their quality control is substandard.
He ain’t the cause
Clay is just a momo chaser who iHub allows to spam message boards with his infantile charts in a pathetic attempt to gain subs to his personal garbage. He is the equivalent to a vulture or a parasite. Sort of like the proverbial “ambulance chasing lawyer”.
His technical analysis isn’t nearly good enough to successfully predict price movement so he shows up after the momentum reaches a crescendo because there are lots of eyeballs. By that time, the stocks have already run out of momo, therefore it seems like he is part of a roving pack of shorts but it’s just the timing of when he shows up
Doctors/non-doctors alike can speak to cannabis/hemp wellness
I’ve consumed cannabis for about 2 decades and have as much experience with the plant as anyone else, doctors or not, and I can say this is the most natural, least impactful “drug” available to treat a wide range of ailments, along with being safe and fun to use recreationally, far more so than booze.
Black market players made billions from the herb and people risked their lives to sell or buy it. Let’s not think for a second the legal cannabis and hemp markets are anything short of trillion dollar industries.
Yes.
Soon
I have not seen that
WOFA is on the Caveat Emptor list so a lot of brokers won’t allow buying. The company has regularly updated their share structure so I wonder what the next move is here......I’ve heard some rumors but nothing worth posting because it would come off as a P/D
Probably Market Makers Clearing Orders
Not much left here after the unwarranted SEC action but I did hear something about a Shroom Boom that might involve a WOFA restructure. More to come....
Different industry is different than different investment/trade
Doesn’t matter if DOGE and SNDL are in different industries any more than my opinions of them matter.
What matters is if you are trading and can time a big move or if you are investing in an appreciating asset.
If trading, its all about timing and right now its bullish in both sectors for the most part despite obvious caveats.
If investing, there is plenty of risk but the cannabis sector is only taking root right now. Someday this is gonna be a web of pharmaceutical, recreational and industrial products worth trillions.
I’ve been assigned a heavy chunk of shares from Apr 16 puts I shorted so my bags are heavy. I got some profits from covered calls that expired worthless but I’m gonna sell more covered calls into this momo. I’m sure that will be the play here for a lot of folks but maybe the bullish crowd will force some short covering. As always with SNDL, the question is will it hold?
SAFE Banking Act made it through the House. Hopefully on to the Senate where there’s a bipartisan effort to get this bill passed even though Out-of-Touch Joe (I voted for him) isn’t quite sold on cannabis reform. This would be a victory both parties can equally claim and make up some BS how it is a first step in working together again.....or whatevs
Difference between SNDL and DOGE is Proof of Concept.
Crypto is wildly unregulated currency, many of which cannot even be spent yet it is being bid to the moon in anticipation.
SNDL is in an industry that has long been established for 4000 recorded years of history and has also made billions on the black market. That market is coming to light.
SNDL looks pinned below $1 for 4/16 OpEx
SNDL looks pinned below $1 for 4/16 OpEx
No debt, as much as $1.5b cash......and all this focus on the negatives? Sure “dilution”, “silence from management” but where is the talk of growth, of value, of what’s to come....
What happens when the US federally legalizes/de-schedules cannabis, allowing banks and public companies to pour money into the new industry? What happens when SNDL get a capital infusion from say InBev or Labbats? What happens when SNDL goes on a buying spree of US cannabis brands....?
There is plenty of nasty to be spread but let’s not ignore the positive aspects too.
True. The overall MJ market has turned south. However SNDL has far more substantial losses, probably because it is such an inexpensive darling for noobs to play.
This doesn’t excuse the lack of insight from management as to what they plan to do with the capital raises aka dilution. I’m not suggesting they disclose info to pump the stock but for cripes sake, do something other than issue 8Ks and highlight the reasoning behind diluting.
No doubt manipulation and FUD play a role here but damned if SNDL didn’t arm the critics with ammo. Zero fundamental updates except for never ending dilution. SNDL is performing like a typical penny stock.....rampant dilution with little to support or show for the monies. I can only speculate that the capital raises have some purpose other than lining insiders pockets but SNDL management has done nothing to bolster confidence here.
I sincerely think SNDL is going to have to reverse split in the near future to maintain Nasdaq compliance because revenues sure won’t cut it.
Once again...waaaaaaay off
This is the first Clay video I’ve watched in a few months and it’s just as bad as it ever was. Calling support at 98 but SNDL hot butter knifes down to 92...then rebounds to 1.00+......Clay’s technical ranges are nowhere to be seen today. Shocker
Definitely didn’t expect 30% in 2 days
Closing the latest batch of covered calls and taking a break for now. I don’t like the call premiums so I won’t be selling any more covered calls if/until SNDL gets higher.
Still sitting on 28k shares, paid in full. Also now holding 100 Jan 21c
Looking like I’ll be buying another 15k shares when the shares are assigned from the short Apr 1.5p I am holding.
Quite a bummer to see this downtrend. SNDL has been red everyday for several weeks. Buy when there is blood in the streets. Unfortunately I’m not sure how much blood SNDL has left to offer seeing as it is now back in Nasdaq delisting territory......
So many potential catalysts for a massive bull run.....heavily shorted, USA about to kick open doors to federal legalization and more important SAFE banking.....
Here Comes the ONE
Not much good going on here these days.
Sub-$1 pps likely. 4/20 has never been a windfall for cannabis stocks. Constant dilution. Zero fundamental developments and a ghosted management crew. I’m wary that US legalization will have much of an impact on this floundering Canadian company.
I’m liking SNDL less and less these days. Maybe it’s time to close up shop here for a while and move on. I hold about 28k shares that have been paid for via options. Time to start aggressively selling covered calls against those shares because I’m looking for an exit at this point
DXBRF = DixBarf
Boy what a disappointment.
A defunct brand name, a miserable equity and zero traction in an explosive market despite being one of the the first cannabis brands.......
Right!
Clay doesn’t affect trading one way or the other. This guy is only here to spam boards in a desperate attempt to gain rube followers to subscribe to his junk site.
Im shocked iHub allows this type of self promotional spamming because it is 100% a violation of the TOS
Yup. Legalization is a BEAST
Recreational, medical and industrial applications of cannabis and hemp is a burgeoning trillion dollar industry!
And this is just the beginning
Ok the 2nd Most Populate State Just Legalized!
Between NY and CA alone that is nearly 2x Canada’s population.
Time to go on a buying spree for US based MJ companies. I’m sure SNDL will be making moves in the jUS considering they will have $1.5b in cash to make use of
Be Ready for Sub $1
Be mentally prepared cause it is likely coming.
I just closed a bunch of covered calls so I’ll be rolling those profits into shares and spending more if SNDL drops below $1
With nearly $1.5b cash SNDL could makes some serious waves
Closing Covered Calls Today
Today is the day to do it. Got 200 Apr 16 covered calls that were sold in the .2-.75 range that I’m GTC at .05. So far 91 have been executed.
I may start rolling the profits into SNDL shares....
Haaaaaa. Ok no
So you’ll make the effort to type 3 vague messages along with some insults but won’t make the effort to clarify or elaborate?
Yeah, no thanks for that info and no need to follow up on garbage like that.
Thanks for playing.
Buh bye
Care to elaborate.
Transfer agents don’t typically use the term “dead” especially when verified only a few months ago. WOFA is still traded so it’s not dead. Another stock I follow was suspended but is up 500% since the suspension and that company has be dark way longer than WOFA.
$220mm of debt settled, $719mm cash on hand
Uh, that’s insane. Even with 1.4b shares outstanding, $1.7 is absurdly cheap BEFORE the increasing revenue is factored in.
SNDL should be trading at 5x cash AT LEAST
Maybe if he’s buying but I wouldn’t put my credit card or my cash anywhere in sight of that dude. He’s always angling for something.
Dude is equivalent to an ambulance chasing lawyer
We all know Clay, just like Tim Sykes, doesn’t make his money by employing a sophisticated trading strategy that generates massive returns.
Clay makes his money selling subscriptions to his infantile technical analysis. He scouts IHub for the most active stocks, then posts a juvenile video with low quality technical analysis in hope that anyone dumb enough to click the video links may also be dumb enough to subscribe to his junk.
Fortunately, when SNDL traders in the massive volumes we see on up days, ClownTrader.....er.....ClayTrader is nothing but a bug on the windshield of a speeding locomotive
Once Again, the SEC Screws the Little Guys
When has the SEC ever, once, in its history helped the little guys?
Enron, WorldCom.....all those fraudulent companies in the early 2000s.....yeah, the SEC came in LOOOoOong after the scam was exposed.
2009 when the banks and institutions over leveraged their assets and passed off bad loans on the little guys right before imploding the global economy......nobody charged and to the contrary the US government gave trillions away to the perpetrators......
And now here we are with the SEC suspending WOFA for no good reason other than “social media activity”. Never mind that Jim Cramer constantly manipulates stocks via Twitter and CNBC, to great effect often moving stocks 5-10% based on questionable information. Or Barron’s, or Motley Fool, or Yahoo......all who are guilty of specious reasoning behind manipulative media.....
Total bullshit!
F the SEC
Prolly cut in half, could soar, who knows?
I don’t think there is any “resistance”. Maybe if WOFA gets cut in half some bargain buyers will come in but it’s not like this is a very liquid stock. I’m sure a lot of the recent buyers will bail asap.
There is also a chance that the rally of the past few weeks is based on legitimate speculation that James Pakulis is ready to activate the WOFA shell. The bogus SEC suspension was because of “unusual trading and social media activity” but that buying may have just been legit accumulation coupled with a few jokers on social media. I mean, it’s not like the WOFA social media pump was some massive campaign! There were a dozen of so messages tagging WOFA before the suspension whereas there are often thousands or even millions of spam social and traditional media when the real pump is on
March 11 (I think)
Such high volume in Mar 19 1.5c
I’m sure a lot of those are covered but many of those are naked too. If SNDL gets push up towards 1.5 that could cause a lot of covering those calls.
I’m almost tempted to get long on some of those Mar 19 1.5c but I spent a lot on Jan 1c LEAPs so I’m not increasing my long exposure just yet
BS Suspension - Buy WOFA, F the SEC
Suspending a stock because the SEC “suspects pumping” is perhaps the biggest load of bullshit I’ve seen aside from the Robinhood fiasco of not allowing people to buy. Every damn day Jim “The Crook” Cramer, CNBC, Motely Fook, Yahoo Finance, Citadel and all those other criminally financial institutions are pumping, dumping, front running, or otherwise manipulating stocks. Yet the SEC sees WOFA on the move, potentially due to “social media activity” so they suspend the stock?
Oh, hell no.
Well, once again, you the little guy is getting screwed. There was a moment there when it looked like your risk would pay off yet the SEC yanked the carpet out from under you.
All I know is, when WOFA opens, if it dips hard, I’m buying. I’m not just buying because WOFA is a solid speculative play, but in the same hopes the stock becomes another fu from the little guys to the market overlords.
Brutal Couple Days Here w SNDL
Only short term positions paying for the past 2 weeks have been short sided trades.
I closed a bunch of covered calls today. I’d like to sell some more but the premiums are being drained. I’m not ready to add to long positions yet but SNDL has $600mm in cash with a potential to raise another $1b. Sure share price may dip a bit more but with that kind of cash it’s only a matter of time before SNDL makes a big splash.
Gimme Dem Shaaaaaaaares
I’ve got a good chunk of shorted Apr 16 2-2.5p
If the shares in those puts get assigned to me my cost basis will be around 1-1.2 brining my overall cost basis to around .80 on over 25k shares. In reality, the covered calls I have sold further reduce the cost basis so I’m ready to buy more.
Whoever is on the other side of my puts, give me this shares!
Totally Agree!
Total BS.
WOFA has not been pumped. Even when it traded 200mm shares the day before getting suspended, WOFA had minimal interest on social media.
The company hasn’t reported anything other than share structure updates. They haven’t come out with news about the business in an effort to inflate share price.
It really sucks seeing Nasdaq, NYSE and OTC stocks pumped all day, everyday by “legit” news outlets like CNBC, Motley Fool, Barron’s, Reddit, Twitter, Stocktwits and many more, yet for some lame reason WOFA is the one getting suspended
WOFA Resumes Trading on March 11
There is no reason to think WOFA won’t resume trading once the temporary suspension is lifted. Another penny stock I follow was suspended a few months ago and it resumed trading despite being far less current than WOFA.
WOFA was needlessly caught up in some BS SEC action. WOFA has kept share structure current and the company does NOT release ridiculous business statement.
If this dips hard when trading resumes, I will be buying.
Incoming
I’m SHORTING More Puts
Selling to open Apr 16 1, 1.5 and 2p
I have a chunk of covered Apr 16 2c so I’m gonna start hammering the puts below that strike. If SNDL goes above 2 I lose the shares in the covered calls but will pocket the premiums from the puts without being assigned the shares.
If SNDL closes below 2, I don’t have to deliver the shares in the covered 2c but may be assigned shares in the puts, at a reduced cost basis from the premiums for selling the puts.
I’d like to see SNDL to above 2 but not too concerned either way
Gotta Love that SEC
CNBC, Yahoo Finance, Motley Fool, The Street, WSJ, Barron’s, Forbes.......pump and bash and manipulate all day, every day, everywhere and the SEC is silent.
A couple little fish play around on social media and sudden the SEC starts swinging hammers.
Not to mention, they lockdown WOFA AFTER THE buying frenzy.
Big ol FU to the SEC
Love that WOFA was up 140% at one point on massive volume and it’s still not even on the Breakout Boards. Still under the radar. So much room to run here