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Well said, try to buy at dips and hold. The stock is clearly manipulated, and can look scary once your down 10%,20%,30%,40%, but all of this does not matter in the long term.
Accumulate during dips, and hold this baby tightly.
Remember guys, manipulation is due to big players wanting to buy-in at cheap shares.
Also, remember the stock hasn't really "popped" yet
all imo
What the bulls say each time PPS tries to go under .08
Looks like reversal, lot's of volume
Bull flag right now?
ok, looks like its moving up! increasing volume as well, get ready boys
Canada: Commercial Medical Marihuana: A Potential Multi-Billion Dollar Industry?/b]
Organigram mentioned in this article.
http://www.mondaq.com/canada/x/363824/Corporate+Commercial+Law/Commercial+Medical+Marihuana+A+Potential+MultiBillion+Dollar+Industry
"It is expected that the new regime will create a private industry eventually worth some $1.3 billion in sales annually with perhaps up to half a million customers. This industry may potentially grow even bigger if one day recreational marihuana becomes legal, as Liberal Leader Justin Trudeau calls for its legalization."
"The market participants clearly see the growth potential in this area. According to some news reports, Health Canada has been swamped with more than 1,100 applications from firms interested in commercial production and distribution of medical marihuana to thousands of Canadians who use it for medical purposes. While the majority of the applicants are small private companies, some of the larger licensees such as Aphria Inc., Bedrocan Cannabis Corp., Mettrum Health Co. and OrganiGram Holdings Inc.have gone public to raise capital for their medical marihuana business."
this stock is manipulated. big players want to get in, so they drive the pps down imo
in the long term its a win, so hold onnn boys
Ever since the PPS dipped under .70's it's been getting good volume consistently.
$OGI
Dec 22 - 110k vol.
Dec 23 - 186k vol.
Dec 24 - 281k vol.
Dec 29 - 142k vol.
Dec 30 - 171k vol.
Just something interesting to note imo.
$OGRMF - got one of it's highest volume on Dec 23/Dec 24 also.
Great news!
Thanks john, appreciate it.
Nice day today, held up nicely with 170k vol
Im holding, no point in selling now, just avg down if u can. I'd wait for beginning of next year, december 22*,2014 was supposedly the bottom for mmj stocks, said wolfofweedstreet.
Like it might dip to .6 but honestly i don't see it going much further down, the stock is already oversold. I believe investors are waiting for a PR or a 'green light'.
Hold imo, just my suggestion.
.0875's good support, possible move-up from here
.0875's good support, possible move-up from here
.08 come to papa
testing .09s, let's see if this holds
Money Flow Index!!!
http://stockcharts.com/c-sc/sc?s=OGI.V&p=D&b=5&g=0&i=t45207873200&r=1419948102321
Btw John, how do you embed charts within your ihub message?
Indeed, the .70's were tricky. I think what made the pps drop was in relation to their recent 2.5m loan for financing.
http://www.marketwired.com/press-release/organigram-obtains-25m-loan-from-farm-credit-canada-announces-closing-equity-financing-tsx-venture-ogi-1978887.htm
Investors may have seen this as the company having "a lack of cash". When you look at it, "a lack of cash" which caused them to obtain the loan, means they are spending to expand. Why? Because they can't meet supply with the current demand. Organigram's got a waiting list right now, must be a good sign right?
The marijuana industry is just a baby. It hasn't grown and isn't moving at full speed yet. It makes sense as to why share prices for marijuana stocks are at their lows right now.
Basically, these shares are super cheap, so load up whenever you get the chance, and hold. 2015 will be special my friend.
IMHO
i hope it hits .08 lol, get me some cheapies. but it looks like it's holding up nice at .097
Indeed i see bedrocan, tweed and organigram as great long-term holds. It's just that at current PPS, I see a better short-term potential for organigram imo :)
A 10 cent run would suggest a 15% gain from current price levels. Not bad I would say.
Market cap is 24m at the moment.
Quote from article: http://www.proactiveinvestors.com/companies/news/58473/organigram-completes-3-more-grow-rooms-to-raise-output-58473.html
"Additionally, the company began construction of a further 8 grow rooms on October 1, 2014. The construction of these 90 flowering light rooms is expected to be complete and production to begin in February 2015. Once completed, this phase of expansion will add 11 grow rooms totaling 936 flowering lights to the current facilities capacity. This expansion will increase the facility’s production to 3,000,000 grams (3,000kg) and represents approx. $24,000,000 in revenue per year."
The company recently obtained a 2.5m loan, which tells me they are expanding their production capabilities. Next year they are expecting a lot more growth, and at current PPS, it seem's quite cheap imo. Think about it, next year, they are projecting to grow $24,000,000 worth of medical marijuana. Why do you think they expanded production? Maybe because there wasn't enough supply to meet demand, as most LP's are experiencing. That is a loss for them in not being able to capture sales, but a good sign that the market is growing.
The price might fall a bit over the next few days, as scared investors will sell-off, but at 24m market cap, this doesn't seem like it can fall much more.
The knife has touched the ground, but is still bouncing, it's just a matter of time until settles down and can be picked up.
Everything is my honest opinion, no bullshit here.
$OGRMF and $OGI Organigram BOTTOM?
The stock looks like it has hit bottom, got a good chunk of volume a past few days, and it looks like it could be building up for it's next run. I would enter a position here, the chart looks great and the company itself is solid. Do some DD about the company, they are a licensed medical marijuana producer in Canada are estimating $24 million for revenue in 2015. They already have grow rooms up and running, and grow organic MMJ as well! Nonetheless, the chart looks great at this point in time. Stock got oversold for the past few weeks, but I'm not surprised as most of the medical marijuana stocks in Canada got oversold too. No biggy, have a look, I'm expecting a run sometime this week or by next week latest.
And of course, this is all my personal opinion. GLTA
$OGRMF and $OGI Organigram BOTTOM?
The stock looks like it has hit bottom, got a good chunk of volume a past few days, and it looks like it could be building up for it's next run. I would enter a position here, the chart looks great and the company itself is solid. Do some DD about the company, they are a licensed medical marijuana producer in Canada are estimating $24 million for revenue in 2015. They already have grow rooms up and running, and grow organic MMJ as well! Nonetheless, the chart looks great at this point in time. Stock got oversold for the past few weeks, but I'm not surprised as most of the medical marijuana stocks in Canada got oversold too. No biggy, have a look, I'm expecting a run sometime this week or by next week latest.
And of course, this is all my personal opinion. GLTA
$OGRMF and $OGI Organigram BOTTOM?
The stock looks like it has hit bottom, got a good chunk of volume a past few days, and it looks like it could be building up for it's next run. I would enter a position here, the chart looks great and the company itself is solid. Do some DD about the company, they are a licensed medical marijuana producer in Canada are estimating $24 million for revenue in 2015. They already have grow rooms up and running, and grow organic MMJ as well! Nonetheless, the chart looks great at this point in time. Stock got oversold for the past few weeks, but I'm not surprised as most of the medical marijuana stocks in Canada got oversold too. No biggy, have a look, I'm expecting a run sometime this week or by next week latest.
And of course, this is all my personal opinion. GLTA
$OGRMF and $OGI Organigram BOTTOM?
The stock looks like it has hit bottom, got a good chunk of volume a past few days, and it looks like it could be building up for it's next run. I would enter a position here, the chart looks great and the company itself is solid. Do some DD about the company, they are a licensed medical marijuana producer in Canada are estimating $24 million for revenue in 2015. They already have grow rooms up and running, and grow organic MMJ as well! Nonetheless, the chart looks great at this point in time. Stock got oversold for the past few weeks, but I'm not surprised as most of the medical marijuana stocks in Canada got oversold too. No biggy, have a look, I'm expecting a run sometime this week or by next week latest.
And of course, this is all my personal opinion. GLTA
Just bought some shares! The chart is looking so nice right noww imo
2015, is gonna be, crazy.
beautiful article, exactly what i was looking for. should be a great monday and week for ecig! good stuff guys!
Yup, showed good support at .077's after the morning selloff. Good stuff, the chart looks like it's ready for a move-up imo.
it's holding up nice at .077.
Too much bashing and panic selling this morning, once the dust settles up we go.
Company looks undervalued. Been getting A shit ton of attention recently. Predicts and has made statements on revenue. We know the company is in debt, but for how long? Currently valued at approximately 10m market cap. Attention, undervalued, good prospects for next year, went down from 20's to 0.05, and all the fucking attention at this price. Everything looks to be in place. Good luck to all, i am long on this one. Could be a jackpot over here. All my honest opinion
a lot of support around .1
UP 13%, 12 minutes since market open
Could someone explain, as to why $MINE did not POP today? I read the article yesterday and expected a move-up today. I didn't actually buy shares, but am confused as to why the share price did not even budge to this news? Please, some clarification would be much appreciated!
http://www.nasdaq.com/press-release/minerco-resources-chairman--ceo-issues-letter-to-shareholders-regarding-q1-of-fy-2015-20141222-00849
just crossed 5-day, 5min 1st SMA @ .094 3:16 pm
Today ECIG has constantly been hitting the 1st SMA and going back down, for that reason, if it moves above the 1st SMA, i think it will move-up. Currently, the 1st SMA is at .09, it's literally sitting on it!
looks like volume and sell-off has died down since hitting .08
if it moves above .093 soon, move up quickly back to .10 IMO
HMMM hammer timee, look at 5 day/5-minute chart. HMMMMMM
moving up from .08
buy while u still have a chance because volume + attention will eventually drive the price up