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Some nice consolidation leads to blazing rips...
Needs to cool down that RSI a pullback to .14 would be good for the chart
$600 million valuation seems a bit high...
SRNA just keeps on truckin!
Nice steady gains. I am expecting a breakout day to .24 followed by a week or two of consolidation.
What does this company do? How will they take money?
Compared to the other licensed producers in Canada, and even many MMAR growers, no they are not producing the highest quality medicine. There are no producers as big, but there are better ones and profitable ones!
What they really need is profitable revenue. All those revs aren't so great when you consider how much money they are burning through. Shit weed that nobody is going to want to smoke if it isn't through mail order...
I don't doubt this company will get to $10 stock price. But I think long term they need to step up their acts.
Company founded by someone who never smoked weed. No passion just money...
Maybe if they throw money at a cactus it will make them more profits
Nice close over .08!!
Because people are buying!
Why that is happening is most likely election sentiment. Also big runs in Canadian mmj stocks. Profits flowing in here too
Huge bids here! We know where this is going!
Compared to the last 6 months the volume here is amazing, even today.
Nice bounce off the .0685 support again today. Going to test .12 soon
Not many shares for sale in the .08s
Quite enjoying the intraday consolidation here. Trading very nicely for longs, not big swings jus stair stepping up.
JT has shit all strategy, he has bill Blair overlooking a shitty task force which is full of dinosaurs. The leader of the task force sad earlier this week that "nobody should smoke weed".
They are thinking about banning any extracts! Canadian government is fucking stupid and slow, I work with them. Don't expect anything too fast.
Can you please short 100 000 shares into the bid then? Money where your mouth is!
Let me explain how it will work.
The task force will give their recommendations in the fall. The government will table legislation in the spring. It needs to pass the House of Commons and senate for three reading each. This will take until the fall since parliament goes on break in the summer. Then there will be a date when sales go live. Most people who work in the ACMPR ( like myself) and know contacts in health Canada estimate that will be sometime in 2018.
Good luck. Pharmacan will be $5 in 2018
Next stop .09!!
Canadian stocks don't have a big catalyst coming as soon as US ones. I think some consolidation until legislation is tabled in the spring. Another pop when it passes house and senate, and then finally the day sales become legal. That is an 18 month time frame IMO.
Money entering into US stocks as profits taken on this Canadian run. Too much too fast, needs cosnolidation, value is not there (yet).
But seriously aurora, pharmacan, and supreme all have way outperformed canopy.
I'm not talking about their stock. Canopy is growing shit weed and they to pay millions in advertising to get anyone to buy it. Burning through tons of cash. Throwing money at a plant ain't gonna make you rich. They have founders who don't even smoke weed, just want money. If the government wasn't enforcing an oligopoly with their adds one regulations tweedle would fail real competition. Just saying...
Trading strong for this Friday! Setting up weekly and daily charts very well for next week!
Canopy is hemorrhaging money out all the ends. 17 mill revenue is not so hot when your also loosing 10 millions plus a year...
They grow shit weed for the most part too. Private companies are soon better than tweedle
Support at 1.00, .80 .60 and .50
We'll see what holds now that shorts are getting involved.
$5 in 2018. Load the dips!
Volume here is amazing. I think this is going to have a huge run coming..
It just went under 1.20 lol. This doesn't have much bid support. Millions of shares bought under .60 want their double in a month. No fundamentals to keep this going at this pace only hype...
Time for a pullback. I think a test of .80 maybe .60 gap fill before another run. Legalization is still 18months away at least. This will pop again when legislation is tabelled in the spring.
I expect this $5 by 2018
Everyone lined up at .073 for some reason... Let's push them back
A lot of momentum into that close. Should be a lot of pressure on .14 tomorrow could be a blue sky breakout...
Not going to chase it now. Needs some consolidation, but yeah .50 is gone.
This should be at .24 in a short time IMO. Then probably consolidate .24-.12 until election time I would guess
That wall at .133 was slapped so fast, things really starting to heat up here. Chatter still low and no pumping yet...looking good
It's consolidating completely outside the bollinger band! Good to see and will probably push again later or tomorrow if it stays above .07
6s coming! .6. Haha
Churn baby churn! Great base forming here.
I think 21 million and .0926
Mostly longs (and shorts!) here. Not too many traders or pumpers (yet!).
Riding outside the top bollinger band! Could push to .12 or pullback to .06 as this week proceeds. I expect a weekly close between .085-.105.
Wall being put up at .08. Mms trying to slow it down now?
Absolutely insane run here! Should have bought yesterday!
Nice filling of the gap there..back up we go!