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Pretty quiet around here and a little disappointing way to end the week.
Going to put a thought out there for all of the old timers...the GME (Gamestop) scenario has shed a big light on a common occurence...naked short selling. GME is a NYSE listing which captures more interest and has different listing standards, but most importantly has option trading. With the illegal % amount of short selling, someone(s) finally figured out a way to squeeze them by taking up the price of the shares and options.
It has been a common practice to see naked shorting selling on the OTCBB/Pinks for a long time. SHWZ has a known short share count on 12/15/2020 of 199,765 shares and a closing price of $1.26. So the maximum profit for that position would be $252,000 if the stock went to zero. At the current price of $2.36 when I write this that position would have occurred a present loss of $220,000. Why would you short a $1.26 stock (on 12/15/20) to make a maximum (if even possible) of $252,000 when everything in this cannabis sector says it is going much higher with possible legalization on the near horizon and completed Starbuds deals? In reality, there is a current $220,000 loss on that position. Now the only change to that situation is if the short sellers covered their position. But we should find that out next week when the short seller number should be updated.
If the short seller position is not drastically reduced, it is my opinion we have a much bigger short position out there (naked shorts) and the potential of this running to a much higher stock price is a given. The only thing we don't have in our favor like GME is that this stock doesn't have options trading on it. If SHWZ can get an uplisting to a major exchange with possible legalization of cannabis, then I can't even fathom what the stock price top is for SHWZ.
Here comes your chance for below $2.50. Here come the weak holders that can't hold them over the weekend
Wow, that caught me by surprise. There were no sell stops at $2.50. Rare that the market throws me for a loop, but that was one. Without that sell stop occurrence, we might not fill the entire gap back down to $2.25.
But it is Friday so there is a chance they try to take it down one more time to get out the weak who never like to hold over the weekend. If they don't take it down today to try to break it, then I don't think it will happen moving forward.
Even though I believe the market has buyer fatigue, I have a gut feeling that they are going to rally this market to the plus side to end the week on a high note.
The stock market overall is suffering from buyer fatigue, we have had such a great run so far. GME (Gamestop) is taking all the attention of the market right now and so the focus of great companies with great earnings the past couple of days are taking a hit.
As far as SHWZ is concerning, if you are interested in adding to your position, you should throw so lower bids in there to grab some before we get our reversal. My personal thoughts are they will try to take out the $2.50 sell stops and then base to start the climb again. Sell stops always like at the $.50 and $1.00 increments so that will be your opportunity to add. SHWZ has basically turned over its entire free float the past 1-2 weeks so we have a new higher price base.
That glass of wine is the most expensive I have ever seen, it was worth $18.2 million. And that glass of wine will be worth a lot more moving into the future. Cheers!
I agree that the change in the BOD is no big deal. When Dye took leadership of the company, he brought a vast bunch of his best friends/co-workers to help getting the company turned around because he needed good people around to right the ship. Since Albertson's headquarters was in Florida, most of this management board are from the southeast. Riera probably probably didn't like the colder weather so he want to get back to the warm south. Totally understandable.
What I love about SHWZ is attention to detail the company has under the leadership of Dye. The new board member Mukharji is already listed on the Board of Directors on the company website and Riera is removed. A vast amount of companies don't think to get around to making these kind of changes promptly and usually gets overlooked for a few days or weeks.
Establishing a new base here and we should see some rebound action next week unless we get news which will mean an immediate rise.
The way we trade sometimes, we could have a big naked short position in this stock and the reason it takes a lot to get it go up. There is a lot of naked short selling on OTC stocks and you wouldn’t know if it was in your stock.
I really thought we were going to hold the $3.00 floor but with the very weak market, it was difficult. The NITE buyer could have lowered his bid earlier in the morning with the early weakness and got better pricing but wanted to make sure he got his position filled and with the strength of his bids makes me believe that he has a feeling that something special is coming.
Still the chart looks good and this should be the level we hold. I was only around to watch the trading the first two hours so who was the big seller at $2.80 at the end of the day? Was it GTSM or another firm?
Many good times are still ahead of us.
This is a tiny company which most recently has an actual product for the first time. The company has done great work to update their website and created a great website for the chocolate business. Since the chocolate is made with Hemp (a big growing sector in our country) and also has a master chocolatier, it needs time to gain traction. The Southeast Edibles division have been out there promoting their products on social media and it appears to be doing it with little or no spending.
It can be frustrating here with no movement, but what I really like about this company is that they are NOT selling stock (dilution) to pay the bills. That is huge because most companies with very small cash reserves constantly sell stock to pay the bills or staff and basically head towards bankruptcy.
The stock seems to be holding this newer higher price level at around $.20. There is a bigger size seller around and maybe he is just frustrated and wants to move on but doesn't seem to want to part with his shares too cheaply. We all want our shares to rise quickly after we make our purchase but with a stock like this, patience is required. You can take a sizable position and make a much nicer % profit without investing an obscene amount of cash.
Anyway, I am willing to be patient because with any good sales news of the chocolate division or possible increasing earnings, I think this could be a $1.00-$2.00 stock easy due to the low stock share float.
Great, some weak handed traders are unloading here because the market is down big and NITE just keeps scooping them up. Looks like a great new solid floor and someone thinks something great is going to happen soon.
It looks like NITE will buy every share here at $3.00
Oh my goodness, how could I forget about Pottsvision in my previous post?....sorry about that buddy!
Wow, where did everybody go? I head out for the day to come back to a silent board. It was a great day, close at a new 52 week high, excellent volume after a record breaking share day, no panic selloff and finish up above $3.00. This was a incredible positive day.
Overall, I don't post much except to provide and search for in depth analysis for a few stocks that I have interest and positions in. I don't like to hype a stock because I like to be able to build up a position taking out the weak holders especially on stocks that have low floats. SHWZ met all the criteria to build up a position over time without raising attention and getting a excellent management team to turn the fortunes of the company around all while having a relative small share float.
In addition to the fundamentals for this stock, kudos to the long time best board posters (Drugdoctor, Future, Fallingknife, railrider, damAcon1, lazur and a few others) whom have been here with me for a long time overlooking all the negativity and hanging in there. We are like a family that has been through thick and thin. We have had some great newcomers join us the past couple of weeks and you can see how serious we are about what is happening here.
I just wanted to make sure we keep up the positive energy because it has been an incredible past few days. It would be great to celebrate a Schwazze party sometime in the future on a visit to Colorado for all us old-timers. That would be a fun trip for sure. Anyway, everyone have a great night, don't forget to watch the show on CNBC tonight and can't wait for tomorrow.
The way I see it is after tonight's CNBC episode, we probably get a run in the $3.50-$4.00 level before taking a breather to consolidate a bit. Could see a pullback to the $3.00 level at worse to find a new floor. This would be healthy for stock price.
The only scenario to throw that thesis out of the water is if they announce the remaining Starbuds deals are completed within the next few days. Once the Starbuds deals are finalize then I believe $5.00 will be the new floor for the stock and the range of the stock will be $5.00-$7.00 range.
If the company announces any new acquisitions, then I believe a push to $10.00 is realistic in short amount of time because Dye will make sure that are accretive to earnings and not dilute the company very much. If cannabis becomes legal on the Federal level, it is my opinion this will be a $20.00 stock quickly.
Heading out shortly for the day, unfortunately not playing golf like Drugdoctor...LOL! Will check back later in the day. Looking forward to another great day.
VERT is loading up on the buy side, very good sign we are going higher.
ACB, CGC, TLRY and others can list on the NASDAQ because they are Canadian companies so they meet the listing requirements. SHWZ and other American cannabis companies can't be listed yet on NASDAQ or NYSE until cannabis becomes legal on the Federal level.
Well we needed discovery for the price to go higher so we have the opportunity to make some big bucks so I am all for it. You and I along with a few others have been here long enough to finally get the rewards of our research, patience and knowledge. It has been a great joy to be part of one of the best chat boards out there but now with SHWZ getting noticed, I am sure we will start to get bombarded with day traders crashing our chat board.
Just a reminder that on the TV show tomorrow, all of these episodes were filmed before COVID began (I watched all of the previous episodes) so it will be good to get the exposure for Josh and SHWZ but we won't see any earth shaking announcements like the Starbuds deals or any recent news. It will put SHWZ in front of a possible big new audience and bring the company into the media spotlight. Then some of these possible new investors from watching the show will do their research and then jump on the SHWZ bandwagon to help fuel the upward momentum.
If Schwazze isn't mentioned by name tomorrow on the show, then Josh is wasting a big opportunity to promote the company considering his position in the company and the amount of stock he has. I am positive the company will be mentioned as a lead in to the segment because Marcus will be impressed on growth and revenue that Schwazze brings to the table. Marcus is a guy that cares about making money and treating employees and customers well.
Steverisk, there is no doubt that the final Starbuds deals will get done. That was all part of Dye’s previous announcements to make SHWZ profitable. If all the deals aren’t completed, then SHWZ won’t reach anywhere the asset value that it should. Dye is a man of his word and will get it done. Many of us (especially me) have been here a long time and we have heard every line of crap from previous management and since Dye has taken over, he has not let us down once. Like I have stated earlier, this is one of my most exciting positions I have owned in my 40+ years of stock trading and look forward to everyday to see what is going to happen next.
I see $20.00 a share by the end of 2021 especially when the Starbuds deals get completed. When the Starbuds deals are all completed, I wouldn't be surprised to see another 2 or 3 more deals moving forward and also be accretive to earnings because Dye wouldn't have it any other way.
If SHWZ is to be a takeover target by one of the bigger players out there, I just don't see Dye taking any less than $40.00-$50.00 stock price range to make it happen.
Dye is a very smart and proven economics guy. He built Albertson's into an mega supermarket chain that was not in good financial condition earlier. He also uprooting himself to move to Colorado to make this work and I don't see him not making it worthwhile for a payoff of a stock price of $20.00 a share. He also brought along quite a few of his other Albertson's management team so I think they also believe this could be worth a lot more.
I have been a big believer in Dye since he has come on board. I think he has made this company something really special along with some of the other board and management team. The Street Dreams show with Marcus Lemonis on CNBC coming this Tuesday night will be another great shining light on this company along with his interview with Joshua Haupt.
Just my opinion.
Here come the big boys, we might finish green today. We got some big sellers on the other side so it could be an interesting afternoon.
VERT is still to trying to short it and force it down. He is trying to push it to take out $2.00 sell stops. That is my opinion and have been around long enough to see the pattern. If we can take out the sell side through the $2.30 level, it should start to run again.
Very true except that there are many idiots that don't have a clue about that. VERT is on the buy side covering his short from yesterday.
They want to take out the sell stops at $2.00 but don't know if they will get the chance. Great buying opportunity.
VERT is trying so hard again to short it and play for pennies. What a jerk.
And now all the weak hands fold to get out, another opportunity to buy cheap. Should hold in this range.
VERT is playing against the small wall at $2.25, if it breaks that it is off to the races again.
VERT is back in the game to flip for a few pennies.
Well this was a great day overall. In my 30 years of working in the business and the past 10 years of trading, I have never been more excited to own a stock like this one. It has been a long journey since I started trading this one when it went public about 5 years ago. Flipped shares occasionally over that time span but now will be holding for the long term and the homerun. The scenario has been written, going to be profitable and the Federal government is going to legalize cannabis. When this really takes off, it is going to rocket. Best wishes to everyone.
I might be wrong, I said $2.50 of Friday next week but it might just happen this week. Looks like a few flippers are at $2.20 now but that shouldn't last very long. Still a chance to grab what is probably cheap stock. They will be taken out soon enough.
Never will see below $2.00 again. Good job to all those who grabbed them recently. Enjoy the ride.
VERT is not even in the picture because he can't control it any longer. The express train is leaving the station. All aboard for the beginning of a ride for a lifetime. There will be some stops along the way but it will be an enjoyable ride.
Last chance to own it under $2.00, come and get them!
They are going to blow the top off this stock soon. VERT will try to hold it down because it seems he shorted quite a few at $1.89 and is trying to cover. If anyone wants to own a chunk, now appears to be the time.
As I stated last night, I believe we will be $2.50 by Friday next week.
Good luck to all.
Stevenrisk, you are pretty new here and I love that you are an informed investor and doing your homework.
The thing is that the can got kicked down the road a bit because the ex-CEO announced 12 takeover deals with no cash to make it happen. The ex-CEO thought he could do it all with stock and it would have made this stock a pure penny stock like less than $.10 a share. The ex-CEO was planning on the stock taking off like some of the others (Canopy, Aurora, etc.) so he wouldn't have to dilute it so much but that never materialized because the skyrocketing price runs of those companies were long over and everyone was skeptical of holding the bag.
Thank goodness we were so fortunate to get a Justin Dye involved to right the ship and make this happen. The Starbuds deals are going to get completed and then this stock moves right up to the elite status of cannabis companies.
In the older days(since I am an old timer), we bought on fundamentals and waited for the rise in stock price but now with chat boards, everyone who buys a stock posts their purchase on the chat board and immediately expects it to take off. Right now is a great opportunity to make some purchases if you want to add to your position if you are inclined to do so.
By the stock action today and the chart pattern, I say this could be $2.50 by a week from Friday.
Good morning. With what should be exciting news about the remaining Starbuds coming very soon, I just wanted to take a moment to say what a great group of posters we have here. Our postings provide great research for all that are interested in what should be a great stock moving forward.
We have had some new investors jump on the bandwagon who fit the profile of what we like in investors for this stock and we welcome them. I have noticed that some bantering due to the frustrating of things not moving as quickly as we would like. Remember, we were almost at the point of really being a penny stock with the direction we were under with AW at the helm. Thank goodness for the investment from JD and his leadership that we are turning the corner.
I am so thankful that we keep in facts here and not have hundreds of postings by the flippers who raid a chat board to state they have a hundred shares and now expect it to go up because they said so. Stock prices move on valuations and this company is ready to skyrocket due to them going to be profitable and still having a considerable low stock share float. Patience is all that is needed. Also. we are not following the rest of the cannabis sector because this trades on the OTCBB. Many funds can not invest in OTCBB stocks, only the NYSE or NASDAQ stocks so we have not gain any traction yet. But with the Federal government looming to legalize cannabis, then SHWZ will be able to move to a bigger exchange and the blastoff will really begin. We all want a payoff as soon as possible but we will need to still be a bit patient for a while longer. In my opinion put it this way, the amount of percentage return on our investment here will be so much greater than looking to flip stocks every day. We all just get edgy because we always want to do something to make the extra bucks.
I am overall not a big board poster and never have been a stock pumper but just wanted to say thanks to all the great people here. I have been a SHWZ (MDCL) investor from almost the first day it started trading and this is one of the best chat boards on IHUB. If the Federal government legalizes cannabis, I believe $20 a share is in the cards and with some more accretive deals by the company, we could see $40-$50 a share longer term. Good luck to all of us.
You might be able to grab some more even cheaper, someone is panicking because of the weak market.
Here's your chance for some cheap shares at $1.67
Well I am sorry you feel that way. I don't see any insiders selling but I can understand your frustration with the lack of movement.
My optimism is now that they finally have a business model (Southeast Edibles) that appears to be growing and catching on. So with the low share float and any possible earnings, this can have the opportunity to fly.
This stock isn't followed by anyone except a very few of us so it will need a good earnings report to get it on someone's radar. With the low share price, I believe it is worth taking a flyer on it.
Whether you jump back in or not, good luck with your trading but I am willing to wait it out for awhile.