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Flippers are getting edgy and the market makers will ram it down to take out the sell stops, it could get a little ugly going into the close.
If you are looking to grab some, put some lower bids in and you might hit the jackpot.
Now that the volume has died down, it will be on us value investors to hold the price here because the flippers are bailing and will continue to do so until they are completely out. Nothing worse for a flipper than no volume and price movement.
The cannabis sector is crap today so that isn't helping. Nice to see the market continuing to try and rally back way off the lows.
Seems like we are doing nothing despite the over 100,000 volume which would have been a great day until we had this run of 200,000 share volume almost on a daily basis.
WOW, he sold at the market, so much for patience. Let's hope that is it and no more
Well someone has lost interest in SHWZ....20,000 at $2.90
Well you can get that last 1,000 shares cheaper this morning
Tilray earnings blow out of the park, should be a very positive for the cannabis sector tomorrow
I show 3,500 traded at $3.00...first trade 2,500 then 1,000 so your confirmation must be slow coming...then that 100 sold at $2.989
Thanks for the push but someone had to sell those 100 shares 30 seconds before the closing bell. I hope they don't spend all that $299.00 in one place....idiots
Be happy with a $3.00 or better close considering how weak the cannabis sector has been today.
Hey guys, when does SHWZ open for trading today?.....LOL
Stevenrisk...I will try to answer your question. Like I stated in a previous post, many of us have been here a very long time and have sizable positions. You have been forthright and have stated your accumulation and you are reaching a position comparable to many of us. Many of the players here have only been adding to their positions if they liquidate something else just like you have.
So whether or not they buy isn't the issue for them but to have the chance to get some cheap on a sell off or hold the stock price up with the bids. So it isn't the few pennies that matters, it is the principal for us. Since you are a more recent investor here and you see the potential, you need to be a little more (so-so) aggressive because you are trying to accumulate before the big run occurs. For the rest of us, we have enough so not in a rush to step up and grab them unless a big news release comes out.
Like I stated earlier, I personally just grab them when I can because the few pennies don't mean anything to me based on what my projections are. For me, I have my position here in which I am very comfortable with (and very profitable) and have not been adding anytime recently and definitely not selling. I like to keep a portfolio of usually 5-7 stocks with very sizable positions so I like to keep a balance I am comfortable with.
Some holders here get a chuckle by my assessment of the market makers, but I can pretty much read them like a book. I have already expressed how VERT works currently. VERT and OTCX were big sellers when the ex-management was selling but not anymore. CDEL and CSTI are the sizeable players for what was usually someone from Canada playing in this stock when the other cannabis companies were moving. CDEL might still be that from time to time but is also some of the flippers now. NITE is always one of the big boys when involved. ETRF is usually a big retail guy when playing. The most confusing one is GTSM because they usually were never involved and now much of a bigger player. GTSM is a big financial trading institution but really was never involved here before the past few weeks.
That is just a little history of what is happening here now and in the past in my opinion.
I was predicting $20.00 a share with the Starbuds deals alone but if we get another acquisition then I agree with you. If cannabis becomes legal on the Federal level then I see $40.00-$50.00 a share and a possible takeover by another company to grab SHWZ
Can someone buy it up to $3.05 so VERT can't cover his short at a profit?...LOL He just might be able to do it if someone panics and sells at the market now
VERT is trying to push it down so he can cover his short at a profit if he can. He wants it to get below $2.99. He is bidding $3.01 to cover his additional short at $3.09
Since you can’t trade SHWZ in pre-market or after hours, all the day traders lose interest in this stock. If you are a value investor, then SHWZ is the stock for you. So SHWZ has been getting press in the news and on chat boards so we get followers for a few days and then they leave.
Not an uncommon practice to mark up the price especially if you were the buyer at cheaper prices. It happens a lot at the end of the month or financial quarter. Now for a stock like this which doesn’t have many shares or stockholders, it is uncommon. As far as I am concerned, I like it because it keeps the upward price momentum and gives us a better mark on our P&L.
VERT is going to get burned on his short sale he has been making the past 30 minutes, he is trying to hold it down to reverse it so he can cover without much of a loss. Someone buy that 10,000 at $3.10 and he will crap his pants.....LOL
Well we don't need to go at each other over a little frustration. We are all on the same side.
Stevenrisk, you have been a recent addition here and an incredible asset. You do some great dirt digging and analytical research since joining us and I am glad you are here.
On the other hand, Drugdoctor and I (along with a few others) have been here a long, long time. This company had incredible potential back a couple of years ago and then the ex-CEO and his buddies turned this into a crap show almost overnight. We know this company inside and out. So we just have a little more personal feel to how it trades and what is going to happen before it does. You can see that right now by VERT on the sell side like I stated he would.
I know how this stock trades in my sleep. Nothing here surprises me except now we have those damn penny flippers by the attention the company is getting and the promoting of the stock on chat boards.
I won't sell this stock anytime soon at this level because I know what a homerun this is going to be. This will be possibly my biggest winner ever dollar wise and I am not looking to flip any because this stock could have earth shattering news (Starbuds, another acquisition, Federal legalization, takeover by another company) at any moment.
Let's stay together and continue to do our research and help each other out. A trip to Denver sometime in the future with a payout that we could get would be a great way to celebrate the opportunity we had here together and make a incredible party.
Stevenrisk, I understand how the game is played. I worked in the business for 30 years and have been trading for the past 10 years. VERT just looks at the 10 cent spread from the last sale and if one side is so lopsided he will play that side to flip for a few cents on a position of usually a 1,000 shares (this has been his historic standard in this stock for years).
Now we just need someone from the other side to go against him and he runs for cover. CDEL usually is a big trader in this stock but lately it could be the Robinhood guys (because they use CDEL-Citadel). VERT only played big for a few months because he knew everyday that the ex-board members were unloading all the time so he constantly played the short side then.
On a positive note, we broke 200,000 shares traded today which has been a great steady base volume for SHWZ lately.
Oh just great, now we have VERT getting involved to flip for his 2 or 3 cents on a few hundred shares. It is going to be a long afternoon with his crap. Right now he is playing the sell side because he sees the sell side with bigger volume than the buy side.
Knife, that was kind of you! By the end of the day your purchase might be in the positive. The rest of the cannabis sector is still gaining steam today.
Well $3.10 was the first resistance point on the run up and then when we took it out it was $3.25. Once we broke the $3.10 on the downside it became resistance again. For all of us here that have been around a long time, we haven't seen spreads between the bid and ask as wide as they have been the past few days for a very long time. Those spreads will bring in the flippers.
I will sell on a few occasions on a very strong run to the upside because I believe the stock is overextended and will wait to buyback on a pullback. But I will never offer to sell stock to piss off the flippers just because I don't want to miss out.
Also, I know quite a few of the posters here have been posting on other chat boards which is bringing interest but that interest are many flippers and not investors like many of us here. Bringing interest to the stock on other chat boards is a plus because it brings attention to the stock but the minus is many of these people will not hang around long enough to care.
Being a value investor, I like more stability and a slow upward trend and can sleep at night because I am not going to wake up in the morning to see the stock down 30% because all the flippers got spooked. Also being a technician stock trader also, if you break some of those floors it will take forever to turn around because you have to fight all those resistance levels again and I hate having to do that.
Well anyway, we have a great group here and I look forward to everyday to spar with all of you and watch our investment slowly make us rich.
I don't mind these people selling as long as it is on the upswing because it constantly makes a high base. What pissed me off on Friday is those dumb Robinhood/Reddit guys pushing it down on their 200-300 share lots. We should have never broken $3.00 to the downside. Just glad we rebounded today so far.
I hate that crap of flip tiny lots ever. I play with the big boys and let em ride because all we need with SHWZ is to get the final Starbuds news or another deal(s) which I have been stating I believe is in the works and this blasts off. I hate and don't chase when I know I can buy at a cheaper price and just be patient.
Everyone is different and obviously you have to do what is comfortable with you level and style. Just imagine if that news just came out and they grabbed your 40,000 shares you were offering to piss them off? You would have pulled your hair out on what could be a $2.00 gap up with such news and selling so low because they would have grabbed them before you could cancel your orders.
Now go buy 5000 at $3.05 and we would probably take off to $3.25. The two buyers who paid $3.10 crapped their pants when it went down like that and Drugdoctor offered that much stock. Now ETRF is the only wall of resistance on the upside until the $3.25 area.
Drugdoctor, seriously is that you offering shares?
I've had enough of watching this today. This should have held the $3.00 floor but we got enough of these REDDIT 200-300 share traders in here now screwing it up and now we have everyone scared to own more due to the cannabis blowup. Best to just walk away from the screen.
I wish you all a wonderful extended President's Day holiday weekend and look forward to what should be the earnings announcement after the closing bell on Tuesday.
They don't need to step up because they are getting their price due to idiots. The buyers are the smart ones and don't forget it is Friday into a long weekend, who doesn't have the guts to hold over the weekend scenario.
It just drives me insane, who has to sell 300 shares (who can't afford to hold that small amount) to wait for earnings at least. I love buying small caps with low prices to take sizeable positions, but if you can't hold 300 shares of what is going to be a homerun, then you don't belong in the market.
Sorry, just needed to vent a little. Anyway we will be the winners going forward. I hate to flip something like this because at any moment we could get breathtaking news and send up skyrocketing. Also, valuations don't justify flipping this stock because it is undervalued. Also slowing volume gets some owners scared and then they sell. Today's volume is a little slow compared to what we have been doing.
Big bids below at $2.93 and $2.92 (20,000 each). Just need them to get a little antsy and step up and we can make our run to $3.25 again.
Here is the year end financial report for comparison of 2019-2018 year end.
As you can see what a crap show the ex-CEO turned this into when we had a profit of 4 cents a share in 2018 to a loss of 50 cents a share in 2019.
So, we should show dramatic improvement on revenues and earnings and we could see a surprise (my opinion) of a breakeven/small profit report.
https://ir.schwazze.com/sec-filings/annual-reports##document-355-0001683168-20-001021-1
This cannabis run in other stocks have screwed us with the few numbnuts playing their 100-200 share positions. We had an incredible floor at $3.00 and now are in hiding. One jerk with 20,000 at $2.90 holding us down because the buyers are scared due to the other cannabis stocks being down. Look at the volume, basically nothing to bring us down like this.
I have 40 years of trading and I hate day traders and algorithmic trading. Screws up common sense every time.
I am fully invested in my percentage holdings of SHWZ and can't grab those at $2.90 to keep my portfolio balanced. But if I could, then I would. (As I am writing this, he drew his offer at $2.90)
This is a no brainer to own. Earnings out on Tuesday, expecting about breakeven, maybe a small profit for the quarter due to the small dilution of stock and write offs to make the Starbuds purchases. When the rest of the Starbuds deals get done, the earnings will explode and I am expecting a $10 price target sometime after July.
The stock market is closed on Monday.
Just a reminder that earnings are due out on Tuesday after the closing bell.
That buyer popped up out of nowhere to take the $.20 stock. Nice to see.
Love the volume over 200,000 shares traded and only half way through the day. If you were looking to add down here and was successful, congrats!
Wouldn't be surprised to see a reversal off these lows in the cannabis stocks although I don't believe it will be that big of a run, maybe 25% off these lows. SHWZ is definitely coiling up for a push upward in my opinion either later today or tomorrow.
What this REDDIT craze in the cannabis sector should bring is great interest for a valuation play in cannabis stocks. The great majority of stock talk on CNBC has been the valuation of American cannabis companies, not the Canadian companies. SHWZ will be one of the leaders in US cannabis companies and should bring additional interest from more of the big boys and hedge funds especially if we break the $5.00 barrier which is needed for many of them to be able to have the opportunity to invest in.
This current $.10 spread is an indication that the sell interest isn't there and that the $3.00 level should be the floor. I am excited that we are on the cusp of a big breakout and SHWZ will get on more radar screens due to the valuations, fundamentals, technical charts and outstanding management team.
The MM's tried to make a panic for sellers but to no avail. In my opinion we are going to make a big reversal and blow through that $3.25 wall either today or tomorrow and end the week on a high note going into the long holiday weekend.
Could this be our day in cannabis stocks? They rocketed the other cannabis stocks early in the pre-market and now turned around and crushing them. While looking for a cannabis stock at fair value or being undervalued, we might finally get noticed for being one of the best cannabis companies in the sector. Fingers crossed!
I know that I have stated to you that the Southeast Edibles division could really be a surprise waiting to happen for earnings. Something is definitely happening with it because I get more social media messaging than ever from them and it appears they are expanding their product line soon. The company has done a fabulous job with updating the corporate First Foods Group website and the Southeast Edibles website. Definitely looking like they are progressing forward in a much bigger way than anticipated. Now we just need some good earnings and this is a rocket ship waiting to blast off.
So here is a wrap up of the day today.
Negative that we didn't close at a new high. While the pot stocks are on fire, they have to be listed on the NYSE or NASDAQ to get the majority of attention today since the REDDIT crowd pushed them especially in the pre-market and now after-hours. Since you can't buy SHWZ outside of regular trading hours takes away some of the luster currently. When SHWZ gets listed on a major exchange or even just breaks the $5.00 price mark, then the really big players will come after this just like TLRY the past few days.
The positive is that this stock has a solid floor at this $3.00-$3.10 level and will not be going lower than that. If you want any opportunity to buy more shares than you better do it now because this stock is ready to unleash a big push to the upside. If the remaining Starbuds deals get done any time soon, we could a real catalyst to never see this level again even on a retracement it won't happen. We don't even have flippers in this stock at the moment.
I really thought we would get that new 52 week high today but you can rest assure that traders/investors are looking for that one cannabis stock that has gotten overlooked with this run in the sector and when they find SHWZ is the one, the upside will have no ceiling.
Tomorrow should be a better day.
There is probably up to 10,000 shares at $3.20 (MM's not showing it all - OTCX just showed his offer at $3.19 and CDEL at $3.20) and then probably hardly anything until $3.25 (my guess around 20,000 shares there). After that it is off to the races.