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With the vote and record earnings looming along with an acquisition, I'd take caution missing out on the ride.
The question is, where are they going to when the stock hits double digits when the green rush commences? Going to be in it or on the sidelines?
The last time a drop this occurred we popped up for over a $1 move.
Rain all you want. It's destined for $8.
Where?!?!? I see no shares borrowed. It's one seller spooking the sheep. To say there's no buying would be inaccurate.
Limits just popped up to $4.85 to $4.90.
Focus. On the way to $8.
Another gap up opening. Social media, main stream media, and industry outlets are all chiming into the big election. And it's all positive.
I'm positioned and to buy more. Stoked!
5 trading days until the BIG GREEN RUSH of California and others!!!
Nothing better than hanging around the fire sipping on the booze while knowing you've got an investment that's gonna make the coming holiday very enjoyable.
Happy Halloween to you.
I'm taking my grandkid out soon for Halloween. No, I'm not that old! I'm an college football player that started out young. I will surf soon!!!
It's all about the kids. I know you'll have a ball tonight with that many young'ns demanding candy.
Happy Halloween bro.
Creep or rocket, we will get there.
A shell company with no shell.
Because AMMJ is a turd that's trying to catch up with CANN. Based on valuations CANN should be trading twice as high at current levels.
Here's a guess. With news, I'm believing all announcements will start occurring before market hours or after. This in part due to volatility of CANN with a beta higher with a shrinking float. Just a hunch.
The seller at $4.25 dropped his limit and went market order. It's a clear path to $4.30 if volume picks up.
Agree!!!
I'm buying to pi$$ of the idiot at $4.25. Clear that fool and we'd be at $4.50 to $4.75.
Saddle up. Here we go!!!
Main RESISTANCE. Dang spellcheck!!!
Main residence at $4.70. Bust that and $5 is a give me.
I'm an Econ major with Finance minor. Worked 2 years in DC inside the beltway at the Fed Reserve with mainly economic models. Do not want to open that topic up.
Let's roll with CANN!
lets move along now. Focus on tomorrow's opening.
Here's the thing. MJ is basically produced and used nationwide with access across the board as if it was already legal. Legalizing it is a formality that puts its into the books and makes it traceable revenue with tax ability. Here's where businesses can produce and manufacture it and sell under regulated terms and businesses and consumers can do genuine transactions while eliminating the use of black markets.
CANN is in excellent position and by far will be one of the most beneficial companies on the producer side to take hold of CALI and other western states that become legalized.
60 Minutes is liberal BS drawn up for old people to stir the pot. It's what 60 minutes does. But dig it. We are jumping from 5% to 25% population with legal MJ. The majorly of the jump is in CANN's back yard.
It's schematics. It depends on how fast we crash $8. The key is breaking that mark soon. Otherwise, target of $8 to $10 holds fast.
$8 to $20
"Stock's going to Pluto" Marv, Wall Street
News come between now and earnings which are due out mid November.
Poll: Can we have 5 consecutive straight up days from Monday to Friday this coming week?
Hmmm. My DD is lacking yet I'm up over 800% on CANN. Please tell me more about how I and others failed here in this investment.
And what valuation model you use.
Yes, I've said as much in recent posts that there will be separation in MJ stocks once the elections are over. It will be time to perform. That's where management and a strong platform and executing a business plan comes in. That's why I look at company's ability to readily attack the openings of Cali market.
The big boys coming in will cause more friction on the medical side rather than the grow and producing side. There will be some consolidation in the industry with takeovers and some leaving the industry due to poor management or inability to sustain financially.
That's where picking top leaders with strong management comes in.
Now you are pointing to more helpful information.
The reference to more funds will be necessary to move stocks higher as their PPS rises is both true and yet somewhat misleading. Right now, the pool of investors that are actively watching and participating in the drive up of CANN or other comparable sector stocks, is primarily from scarce institutional buying and largely unsolicited retail investors.
The growing media coverage such as CNBC is starting to pick up. And this trend will not slow down and exponentially increase the coming week and go even higher in the weeks and months after the election. This will amplify attention toward the MJ sector in ways never before seen and will drive investors to the industry. Right now, the attention is just a fraction of what it will be in 2017.
Secondly, it is almost all UNSOLICITED buy orders that have pushed CANN and others to levels that will allow broker houses to start soliciting orders for this industry. There's when you see the real drive begins. Broker houses and fund managers have yet to get past the moral hazard of advocating purchase in the MJ sector as they haven't yet reached the conclusion that MJ is now a majority culturally accepted industry. That's starting to change in a very positive way. As the stock rises above $4.25 and trends above $5 it will gain the ability to be solicited by most broker houses thus growing the pool of investors that will increase the money flow with greater transactional volume.
Yes, some companies have diluted shares as a source for working capital. Welcome to Wall Street. Some more than others, but not CANN. The float on CANN has steadily shrunk as some institutions have now started to seriously pick up on CANN and a few others. With Boockvar on the board, I think you would agree his WS reputation alone will bring positive light to CANN and provide considerable attention to CANN's unique and versatile platform in the weeks to come.
Doing your own research and understanding the workings of small caps without reliance on a 3rd party using irrelevant charts is free also. I've always been about helping the retail investors above the institutional guys.
There are so many variables at play here no chart can indicate one direction either way.
We are on the cusp of one of the biggest major sector event of our time. No chart can predict swings of micro caps with the shift that's about to occur.
He's paying homage to CANN for pulling his dog $hit stock up.
Won't be watching. Let me know if you need some help though with the bigger words.
Never lost focus.
You like that don't ya!
If it goes idle for a period you might see a head fake back to $3.40 to $3.45 after this $.65 run up. But my feelings is it will close above $3.65 today.
So predictable.
Smashing thru the cuck clock at $3.30 to $3.35 will be extremely good.