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.
Another nice day here! We could be testing .087 tomorrow!
Next resistances are .08, .087 (50 day SMA) and .10
I think this is gunning for .10 in the next few days
Nice volume and action today! After all that selling it seems the bulls are back in town.
Looking good this morning let's test some resistance!
Bullish sign for gold IMO, market doesn't see the gold drop as affecting miners profits that Much so signalling not a strong bear.
Everyone is expecting a rate hike so of it is a hike that should be baked into the price of miners already. But if they choose not to raise it good will spike...
ACB trades in Canadian dollars on TSX venture. acbff trades in US dollars on the otcbb
I don't mind picking up cheap shares. Let's all remember this was .08 not too long ago...
Looks like lots of interest around here. Setting up some nice support it seems.
Has way more outstanding shares too! Check out the market cap it is a better comparison than PPS.
I think the time to buy will be spring 2017. And January 2018.
Good luck!
At 2.62 you bought in at a $700 million market cap. For a company which did $3 million in revenue last quarter.
If they generously make $20 million in 2016 it is still 35x revenue valuation in probably zero profit.
Canadian solar is another company with around $700 mill market cap.
They do $3 billion in revenue a year and have 1$ billion cash on hand. Food for thought.
I wouldn't buy until $1 here or once legalization goes. Obscenely overvalued on speculation
How much does a bottle cost? Contains 5mg x 30 servings = 150mg cbd
Unless the interest rates out pace inflation gold is still a prudent purchase...
I have seen at least 10-20% inflation of food prices per year past 5 years...
8$ in cash, 0$ revenue, ceo paid 90 000 000 shares for 6 months work.
Scam indeed.
The federal government doesn't have the law enforcement recourses to do shit all against Washington Oregon and colorado, let alone California. If you really think the Feds will try to break up state legalization you should think again...
Or if you're trying to scare people into selling you should stfu and bugger off. We don't need any manipulates here k thx bye...
Market Cap is around 1.3 million.
I would say it could be 10 million easily. With this tiny float it takes very little volume to move this.
I just bought more shares, revenues going up well I think this is worth a small play again. 20c coming again...
Buying 100k at .14!
Because they are technically illegal dispensaries, do you understand the difference between these LPs and where you buy?
From grey market dispensaries sure, but they are technically illegal and not part of the coming legalization. None of the public companies have products sold there, they are all produced by MMAR or illegal grows.
WTF are you smoking? There are legal medical sales from LPs, but they dont even have stores.
Downward momentum at this point. Canadian mmj market down on veterans affairs coverage news today as well. Could be pulling this down more.
We closed pretty damn strong considering many other stocks in this sector.
Canopy lost 200 million in market cap today!
Buyers are using the downward momentum to pick up plenty of shares on the cheap. Someone was bidding $50k worth of shares this morning. Not chump change...
These are investors holding Long term IMO. They don't care when it goes up but are certain it will from those purchase sizes. Or shorts covering big blocks from above .20
Glta
Big bids and small asks today. Hundreds of thousands sold into bid to drive it Lower and only tens of thousands needed to slap re asks away.
Free market is anarchy, this is a controlled oligopoly IMO...
Someone take ETRF's shares. They're either fake walling to scare people or stupidly selling all their shares here. Either way someone take those million shares and lock them up!
Massive red in the cannabis sector, SRNA green! Time for the pump and dumps to be separated from the real companies...
Cool story bro
They are grossly overvalued and the most recent bubble run up needs to deflate...
And we got wrecked after it too!
It's a bad day indeed. Let's see a decent Q here now. Whole sector getting bombed...
Did they say it would happen right away? Nobody can predict the market 100%, trumps victory made a different dynamic, coupled with people planning to sell the news we have a pullback. This is a good stock and will see green days yet. Just wait...
If you're a trader and stuck in a position for which you need the capital then I would wait a few days for a bounce back to .08. I don't expect a big run up until 2017 sometime
This is up 10x in under a year, the push hasn't begun?!
With the insane valuations in this market it could go to 7, but it's a speculative bubble right now.
Will be two years at least until the revenues justify a $2+. But the cannabis wave is going hard now ride it out
Buyers getting impatient
I could be wrong, but it looked like the final exhaustion run for the bulls today. Reality and fair valuations must appear at some point, and actual legalization sales won't be until 2018. I wouldn't be surprised if it doesn't break 18 until then. Also wouldn't be surprised if it ran to $20 tomorrow, but I am leaning the other day after today's bearish action.
Looking a bit toppy today across the Canadian Cannabis Market.
Some consolidation before legislation is tabled will be nice.
Buying near $5 will be possible in the next few days/weeks/months IMO.
But indeed crazy valuations. I think U.S. investors are scared of trump's stance on cannabis (which is not really known) and are piling into Canadian cannabis plays.
I am hoping for some pullback before legislation is tabled in the spring
I would say mid to end 2018 legal sales will start. I work In the ACMPR so this is the industry hear-say
I don't see legal sales happening until 2018. We should see another push maybe when task force submits there stuff, but most likely for me it will be spring 2017 when legislation is tabled. Once it goes into effect in 2018 will go nuts
Today's volatility makes me thinks short to mid term top is in. So much money has flown in here I think a reset to get new investors is needed to push higher.
Possible! But I don't see that valuation yet. In any case a bit of consolidation is in order here this week