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.
What is up with this stock? All it does it go up. So much so I cannot ignore it and will start to do DD.
RSI? 18? Witchcraft I say. Absolutely useless information. They went up because Namaste is awesome and they are going to 3 dollars!!!
Yea, that's what they said in the .40's. Now it's 20% down from there. Once again, way too much emotion. I do technical analysis, nothing else. No emotions, just numbers. We are descending and the trend has not reversed yet. Until it does I am on the sidelines.
Or a halt for not getting them done in time. We don't know anything.
Rockhall we already know it will be around 4 mil quarter. Thing is it will show almost 0 cannabis sales(Sept,OCT,NOV). We already know what the earnings will be with some DD and watching live videos last year. Why are all of you harping on the earnings like they are some sort of holy grail. Way too many emotions involved. Treat this like the POS it is, sell when you make some money and put it into something more stable till Namaste gets their business together. Next revenues will be interesting to me, not the upcoming one. They will have decent cannabis sales on them.
"We continue to work aggressively to prepare the first 350,000 square feet of flowering area for the final Health Canada submission"
We have quite a wait on our hands. This will take months. I estimate 3 - 4 months minimum which puts us around September. Health Canada moves at a snails pace and they haven't even done final inspection, which it takes months after that anyways. Sometimes there are also a few "final inspections"
Staying in cash. I will get my cheap shares.
That's a good way to potentially lose 15k in 5 minutes on Monday.
Means nothing until they receive the license and get the ball rolling. I am still in cash waiting for cheap shares. I do not let my money sit idle, like the stock price has been here. I put it into other companies like Hexo, Medmen, VGWCF, VFF, CVSI. I'm skimming profits from there to put into Agra when I like the price. Going in hard, maybe a 100k shares. I'm hoping for a global fake news crisis to seal the deal so Hippie can get his cheapies.
Looks like a beautiful area for entry. I'm in.
Welp, that was easy money with 0 stress and no bagholding. Good luck to all.
Same. I'll be on board again this morning for a quick date. They really, really should of put out a big PR today. Shuffling around Corporate Deck? Lol, who gives a ikKJHLKHJ about that.
Blue Sky Breakout tomorrow?
Chart looks great. The highs are now the lows. Very healthy. Looks like a breakout is imminent.
abandon ship to all the new bag holders, lol
Grats to those who bought in the .30's
I do remember it was the .30 range that I first invested with namaste in Fall/Winter time of 2017. That was the start of the .30 - 3.47 run. That was good times. If I had more to burn I would to start averaging in here. I'm greedy though. I think I can get better. Maybe even a 100k shares this time.
There is no major support Green till .18 - .21 range on my chart. I'd imagine a massive bounce from there. What I kept trying to tell everyone here for months now. Instead I always get attacked here. Sell and rebuy back in at the bottom and erase all your losses. Instead so many are still holding here. Now I wouldn't sell either because it's too close to the .20's to risk it. At .50 - .70 and .90 it was a no brainer to get out.
The moment this thing went under .55(US) everyone should of been out. Anyone who follows this board knows about .55 in 2018. That was the big mamba jamba support, and once that broke it was a lock this sucka was dropping good. I wouldn't doubt that this will go up 100% in a week and maybe 150% in under two weeks time at one point in the near future. RSI is about to bust. Might be a spike up or two to cool it down. Looks like we have another whole month of this which is plenty of time to shave off another dozen cents, hit support and make some good money. We'll see.
No way, no how they have 50 mil in cash. No way. I think they have maybe 10 - 20 mil left.
Yes I could see a 100 - 200 mil market cap. That is reasonable with good news and things going well. Atm they hand out 100 mil evaluations like Twinkies so this is extremely viable. Ok so lets take 100 - 200 mil market cap at 900 mil shares. We would be looking around .11 - .22, Still a possible 100 - 200% gains. I see what some of you see. The amount of shares freaks me out from investing hard. I might average up after dipping my toes in to negate possible loss.
50 - 100 x's multiplier sounds awful risky. I am a 10 x's undervalued kind of investor. How do they expand? They have to issue more shares for capital and at .10 expect a ton of shares to be added on.
Remember that most of the time, news is all factored into the price of a stock before it ever comes out. News is like a MACD lagging indicator a lot of the times. I love this company. I will invest a good chunk when the time is right.
You didnt understand what I wrote. I know this is a real company. You buy when you hear that sort of babble at a bottom and the bashing reaches a point of insanity.
.19-.21(USD) bro. At least that's what the chart says. Will probably double for there, then dribble back down.
Wow, you really changed your tune. You were the biggest supporter of Namaste on this board.
Here comes the Summer. Wait till the volume hits a dismal 100 - 300k. Wait till people start questioning if this is a real company or not. Wait till the crying is so awful you can't even open social media because your gut to starts to hurt. That's when I buy. I'm sticking with my prediction of 5.50 - 7.50. I stay in cash. Cash is king.
Their product looks awesome, tastes awesome. With future growth, where are they going to get the money from? They will do what 99% of MJ/Hemp companies are doing. Add shares for capital, for expansion. So early into the game with a share structure like this smells of reverse split. How can they grow exponentially with no cash, no revenue? They have to issue more shares for finance deals to expand. I am not saying this will make the stock go down. Heck this could be the next Redbull, so speculation is just that.
Thanks for the feedback. I am staying cash. I smell Summer deals will happen........yet again. Last Christmas was disastrous. I could see a 2017 end year happening again with a Summer cool off across the sector, especially after a 3 month Jan/Feb/Mar run.
Staying in cash. I see good sector opportunities coming over in the next 4 months, then heading into Fall.
A 200 mil market cap for a company that has 250k for the last quarter in sales is absolutely nuts. Heck my small rental company would be worth 50 million dollars if that was the case. I am Not Saying this stock will go down or up. I'm just trying to figure out why this thing is so diluted and why the market cap is massively overvalued atm.
I do see they are adding stores left and right, i like the product, nice packaging, hemp is a hot sector and will only get hotter and if they can get major supply deals this could explode. But and big it always goes back to the dilution. I will keeping on an eye on this one. Volume is increasing which means a run might be coming. This stock excites me but also scares me. I'll be on the sidelines watching. Good luck to all.
I also see a lot of games on Level 2 with this one. One minute there is 1 million shares on the ask in a half cent range, then it gets nibbled at and it drops then to about 300k. The fake Asks alot of times indicates the stock will move up and they try to hold it as long as they can before the uptrend is inevitable. I see it all the time. Anyways.
Why though? The revenue/market cap makes no sense atm. Please explain why this is going up. I'm not bashing. Just looking for an explanation.
50 - 60 mil market cap atm. Maybe, maybe 2mil in sales for a 12 month period. What am I missing here? This looks like a diluted pig with 900 mil shares. 250k quarterly revenue, 400k next quarter and 50 60 mil market cap? That does not add up at all. This should be worth 10 - 20 mil atm
There is no support till .19(USD)
True. Longs it seems well be rewarded very well with 0 stress of day to day activities.
Absolutely true. Could be way off, or I could be spot on. I buy stocks cheap and it is not cheap atm. Chart says it's a decent possibility.
How good does selling at .87 look now. Everyone gave me hell for saying sell in that area. Good luck bagholding this pos.
5.50 - 7.50(USD) incoming. We are in a downtrend descending as any chart you look out will tell you. Summer is coming. Market as a whole is cooling off. Will be a buyer in a couple months when this gets a shorter haircut. Denial is the first step. On this run from around 6 bucks to 18 bucks we have already seen a 50% Fibonacci retracement back to 12 and the downturn has just started. The bag holding will be hard on this one. Too many emotions going on here. Buy when it is low. Right now it is still way too high.
Yes
I don't hope, that's why I read charts
Yes
Yes very long
You are 1000% correct sir. Let it run it's course, load up at the ugliest point and forget it.
Follow my logic? Read a chart bro. the possibility that it hits 5.50 - 6.50 is a very good possibility to test those ranges again. It happens all the time that a stock retraces to major support. A lot of you are wayyyyyyyyy to emotional already and the journey has not even began.
It will take many months for the full short to play out with a lot of head fakes inbetween for profit taking.