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keep your head up, i bought my last chunk of stock exactly where it is right now. I don't know what you mean by buying way to late, I think you mean way too early.
that should be decent, the next quarter after is where I see real growth potential. My predictions at the beginning of the month have been holding true so far as the two LP's that I am investing with, just got back from Jamaica and there was a message from Organigram, my wife is registered and will be making her first order Monday or Tuesday. Can't wait to do a side by side comparison of my two, will let you all know when it comes in.
Dead in the water? I have been doing pretty good lately, price jumped from .40 to .63 recently - huge potential for profit - you can't judge a stock by how it traded months ago, the people buying back then were funding the company and rewarding early investors
we will be seeing fins by the end of april, at least I know that is true for TWD, but I think OGI is scheduled around this time too. Organigram may be able to post a little revenue by then but don't expect much, TWD will be over $1 million for sure, but I am hoping it is closer to $2 million
you are right, the worst is definitely behind us, anything under .69 is a good deal in the long run, I would buy more but i dont have the money
I might have gotten here late, or what I like to call "right on time" but I can read news articles written before i was ever interested in investing, I can see what has happened here, I know the story. Denis Arsenault sold shares to investors at .85, then bought them back at .41, in between he built a business with your money - any questions
the price of organigram isn't low right now, it is high. Low would be .50, a decent price is maybe .54, and .58 is certainly over-valued in my honest opinion. But, if you think the price is low then please continue to purchase more shares, thanks
what i don't understand is the people paying between .70 and .85 for shares, so called "accredited investors' who took the public offerings - can't believe they gave these guys millions for a fraction of a (worthless at the time) business that wasn't operational yet - I don't know how they did it, but selling those shares was the best thing the directors of this company have done to date, growing buds will be profitable but never as profitable as that!
Oh wait, I do know how they did it - they paid momentum 200,000 stock options priced at $1.00 (a super great deal, the options are worthless!) to promote the stock. Momentum paid Chris Perry to write 'articles' about OGI right before the offerings. So, you see, this company was built on people that think the price is 'low' right now. Denis Arsenault thinks the price is great at .41, so can you tell who the sucker in the room is?
Anyone that paid over 60 cents for this stock shouldn't be trading, you shouldn't be following - DD is simple, this stock book value is 12 cents a share, it is trading higher P/B than ALL of it's legitimate competitors, the directors paid promotional firms to pump the stock - "Chris Perry" - when Perry says buy than get out! -investing in Organigram is investing in the outlandish expectations of retail penny stock investors, price is everything
agreed, at first glance I was disappointed, but then I thought, that is 600,000 grams they can sell, and it is clear now they have completed 4 rooms and invited inspection, now it is just a waiting game before they can ramp up. Meanwhile, my wife got a decent call from Organigram, she said the customer service was excellent, and she is being 'processed' that takes about 4 weeks. They tell investors it is a waiting list, they tell customers they are "processing/registering" clients - i like that strategy, they hold on to a customer's authorization to purchase until they are ready to sell them some cannabis, good for shareholders anyways - so I am guessing the revenue will be on the way, me and my wife are patiently waiting to send them our first order.
news out from OGI, sales license increase to 600 kg over next 12 months, 4 grow rooms completed and awaiting inspection - this news is somewhat positive but I was expecting more - that represents about $3.6M in revenue - for a comparison - Tweed has 4,000 kg production and they are working on a order of magnitude expansion of their production capacity, to over 40,000 kg.
http://web.tmxmoney.com/article.php?newsid=74701846&qm_symbol=OGI
we are there from 18th - 25th, celebrating 4:20 at Bob Marley's birthplace
Next week I go to Jamaica, when I come back the snow is melted and it is back to work for me, won't be able to just sit at the computer and look at tweets and posts, fins and quotes, I like my position so far in the MMJ sector, my wife is now on the waiting list for OGI and we are ordering once a month from Tweed (one big bulk order like a good customer), and we own some shares in both companies so that is good.
I am really happy with my first jump into investing, I get really bored in the winter, need something to care about, but I am really sick of thinking about stocks, just realized how boring it all is. I am deciding now that I don't buy or sell any of my OGI or TWD shares until at least the first trading day of October, going to find a decent little fund to put my excess earnings into and I am going to focus more on what I can do and a lot less on what Tweed and Ogi do. Time to shut off my computer, sun is out, winter is over.
lol, i know - its been a huge disappointment all day, i think i need to slow down on the Leonidas to be honest and exchanges should be open 24-7 like Las Vegas Casinos
think it may be another tough day for OGI
Tweed will trade over 2.50 within 2 months, not saying it will stay there, but it will get there. Over
sounds like a flawed strategy, it doesn't take into account for marijuana or money, balance sheet and burn rates, just the price others have paid in the past for this stock. What people paid in the past for this stock is no indication of what others will pay in the future.
I started buying at .53, then at .48, and a bunch more at .41 (that last bunch was more than I wanted to invest in just one company) - I was okay with .53 then, and I am ok with it now.
But when the price recovered from its recent dip I let go of the stock I bought at .41 - got rid of that at .56, because I thought that was a reasonable value for this stock. I got rid of more at .60, and I got rid of almost all of the rest at .62 - because at that price I considered it overvalued.
Since then I put in another order at .54, about where I started with, and so far I am okay with my investment, my strategy has never changed, I keep an eye on the news, I look at the numbers, and I think at about .54 you have a decent chance at some growth, nothing more exciting than that, but these penny stocks are funny, find an actual business behind one of them and you can make some money :)
just looked a TMX, everything is fine, there are plenty of buy orders under .54, plenty of people that want to sell above .58 - the market is just tired of losing money, most of the shares are now owned by serious investors, most of the really 'optimistic' mmj traders have apparently lost most of their money
I wish I caught that webinar, I guess it will be on Youtube in a week. Pretty sure that Q1 Investors Presentation has been up since the last time they released fins, like Jan. 20th or so I would guess.
I can be long with the shares I own, but I like the way it's been heading since my order filled!
I like where I bought it, there has been a ton of volume underneath the .54 price recently, but I think most of it was from people actually investing in the long term of this company, but I am certainly ready for it to drop some more
maybe, but last few days we have seen a slow down in volume, with a VWAP consistantly above .55 - about 10% from the biggest insider buy this company has seen recently, there wasn't a lot of volume at .54 so far, but 580 of those shares are now mine :)
being able to refill again in the 40's is precisely why I am taking a bite into the stock right now, I hope she goes undervalued again, and I know I can weather a couple tough quarters and even a little dilution, I believe this company will survive and grow, they are a tight little unit, production, processing, distribution and home office all in one building, they are they only ones East of Ontario doing this, and I know the East Coast does their own fair share of self-medicating, a lot of people here care about their health, their communities and their impact on the environment - Organigram may not be the best deal out there in the LP market, but they have a lot of room to grow, they may have a mortgage, but in my mind that is better than a lease.
I put the order back in, I was able to pick up 580 shares @ .54.
I changed my mind, Organigram is looking like a pretty good little company. I like that they have a small expandable running operation focused on a simple business plan - Grow buds, sell buds - they have a lot of work to do, and I need to keep some powder dry in case this stock wants to fall further.
I like that Roger Rogers bought 100,000 shares @ .50, $50,000 bet on a company he helps run, that is a show of confidence in the long term future of this company - so I am going long!
i canceled the order, bad news coming, they are going to dilute - you didn't hear this from me
that is cool, where we getting these numbers - Tweed looking good at the price it is at now, started my buying at 1.94, I had to wait a while to continue after they announced their bought deal, but now I am buying in again :)
I think the sell off might continue again today, I am really tempted to withdraw my buy order and see what happens, but recently I have been putting in some really decent orders, and when I change my mind I usually regret it - I had an order in for OGI at .40, but changed it to .42 after it didn't immediately fill, I got those shares, but after it was at .40 for hours.
The way I am playing it, I am sticking to my guns, order in to buy 540 at .54, not much but for me it is a decent little position. I know very soon I have some more investment funds headed my way I can use to buy a much greater position if for some reason the stock takes a dump, but if that doesn't happen I can afford to stay 'long' on my 600 shares.
I don't get 'short' and 'long' - to me it is about the price, has nothing to do with time. "With my 600 shares I can afford to hold onto them until there is a significant price increase that is disproportionate to the news coming out from Organigram" would be a more accurate way to say it.
no, I know, that is why I didn't hold onto my shares after I realized some decent capital returns, and that is why now I am being patient, but you realize soon that in a volatile market a person with a level head can actually beat the crap out of the market.
I am going to focus my energy on this market, look to patient numbers, working capital, and market caps - keeping a eye on when companies start production, distribution, registration of customers. Think I timed my buy into OGI just great, and I realized when it wasn't that great anymore so I bailed out and took your advise again on another decent play, so thanks man
anyways I thoughts you sold out your shares at .53 or something, I will remember that for a while, a few months back when I started I was going to go for a buy and hold strategy, but I will remember that saying "Pigs get fat, hogs get slaughtered" - and I thought to myself, nah man, no body is going to touch this hog, im the muthafawking boss hawg, I'm gonna start taking people's money on this volatility!
I hope you are right, in a perfect world all other investors would go temporarily insane today and sell out OGI down to about 12 cents a share, then I can buy a whole bunch of undervalued stock.
I really don't get why people want high prices, there are no opportunities for profit with high prices.
nice play! I want to get back into OGI @ .54, dip my toes - need to be patient with these markets - some investors get excited about nothing and it takes a while for the prices to go normal, but once you are in on the right side there are ample chances to take profit from volatility.
with all due respect, I don't consider all of that really good news. 95 lbs is not that much at all, and still it seems no where near enough to produce a total of 1,000 kg this year (their license limit atm). They have a lot of work to do to justify their current market price.
the only true catalyst that will affect the price of this stock is the fact that they now have over 20 legitimate competitors, the goal is to bite into it a little at a time as she slides down and try to time the bottom, then dump out without getting too greedy - I'm starting at .54
I'm not letting his constant cheerleading get to me Drive, all we need to do is sit back and trust in the fundamentals. We have our main bets on an LP with a serious advantage in real PR, real cash, and real book value
good price to buy this stock is maximum .54 cents, and its speculative at best at that price. That price doesn't change for me when those 4 rooms get approved, they need to continue to grow and eventually start earning before I consider changing my buy price
actually this stock opened up with really big seller volume, dropping the price of the stock almost 3%, someone got rid of 80,000 shares and was willing to take less than I got for them just days ago :)
iHub is run by silly monkeys
OGI's book value is only 6 million dollars, last balance sheet shows less than 800k cash. The only good news they can muster is they can hold on to and renew their license to operate their business. I am not impressed with this news at all.
the news out says they are awaiting inspection on 4 more rooms, meaning they finished build-out recently, that is actually good news, but HC hasn't been doing much lately so I don't know
seems finally there was a little news, apparently Organigram will be allowed to stay in business another 12 months, I agree with Drivepact that this is not the news we were hoping for, lol
Would love to see this stock trade under $.50 again!
the very last thing Chris Perry ever said about Organigram, he sold out all his shares to buy something else