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No one knows with certainty how if a stock will go up or down on a given day. I have seen chartists be completely wrong. I have seen stocks react completely different than expected off news. There are just too many variables such as news and who will be dumping or who will be buying that day. That said I think the best predictions I have seen on price action occur over long term. Charlotte’s Web has all the ingredients for long term growth.
They have great fundamentals.
They are currently profitable and revenue should grow yearly
The industry is growing leaps and bounds
They have brand awareness
They are the market share leader
They just had a huge harvest to meet demand
And they have plenty of catalysts
You watch theses boards and sentiment seems to go with daily price action and this sector is extremely volatile but, regardless of the volatility, the sector has grown exponentially and will continue to do so. For day traders, this volatility will cause days with great gains and days with great losses. If you are a day trader, without a doubt you have experienced this and should expect it. If you’re long you can expect massive growth with stock in the right company such as Charlotte’s Web.
I intend on buying more tomorrow as well. I like these prices. When it’s a buyers market you buy.
Dang All In. Last time I was on here you were touting how great this company is. The entire sector has been down and after the big run up there was bound to be a retrace. I’m taking advantage and adding. Charlotte’s Web will run again and set new highs as this company has great fundamentals and is the market share leader in the CBD space. Just need a little patience and need it now!
Nice comparison and post
Also interesting Jane -500, etrf -100 and nite -100 with floating and continuous 700 asks k
And beyond
I will say that it is indeed interesting to watch the level II. Over the course of the past couple of months there always seems to bid two coinciding asks of 100 each from etrf and nite. Those two seems to drive the ask in many situations. Never really seen that before so not sure why that is.
I don’t think it will be all that long. Remember we will have the financials fourth week of March. Really don’t think they will disappoint. Also, Suoer Trades provided a link to the Instagram CBD gummies. I feel like we are going to get a nice pr soon as well. I think bottom is close to being in imo.
With no word from the company I think some investors are getting bored while others may be getting nervous. I have a rather large holding here (far more than my other positions) but it’s mainly because I believe in this company and I know there is a demand for their products.
We are waiting on so many catalysts here, new CEO, uplisting, financials, possible partnerships, CBD regulations, etc. and I believe they will all come. That said, it is my belief that Charlotte’s Web stock just may see its first catalyst on Tuesday, as that’s the day CVSI is going to report and CVSI is its strongest competition. If CVSI financials are solid I believe there will be more confidence in the sector.
Then I would expect an uptick leading to its own financials due fourth week of March. If these are as solid as expected I think we just may hit $20 within a month or two. We will see.
If they sold weed they wouldn’t be able to uplist at least for now. I don’t think there is anything wrong with them not selling weed. I think the CBD market will be quite lucrative. We will get guidance and financials the fourth week of March which will be a catalyst I’m sure.
I do wish they would uplist but there may be reasons for that not happening that we don’t know about. At any rate, I’m sure longs will be rewarded as I mainly see many catalysts on the horizon.
I emailed them and they responded by saying that it would be fourth week of March. Said they would issue a release once they determined the day.
Well, the store that I buy Charlotte’s Web oil from sold out of it’s maximum strength oil in three days. I was fortunate enough to be there the first day they got them. The lady told me they have a tough time keeping it on the shelf. I went to buy some more two days later and it was gone. There was still some lower strength left but the maximum strength sold out.
Based on what I’m seein I imagine q1 numbers will be stellar. I will also say that I felt like I had a slight buzz after taking the maximum strength oil but it works wonders.
I’m in since $9.50ish but have added dips. My average is around $12.50. No panic here. I know this is a great investment. Looking forward to the ride!
Agreed! They need a good quality pr then.
Very true.
Of course not. I never said put out a or for the sake of fluffing the stock. I simply said they need a good pr. I don’t see what’s so hard to understand about that.
For example, the other fraudulent CBD company had a pr this morning and it was up today. Whether we want to admit it or not good prs with good news help share prices. That’s all I’m saying. Charlotte’s Web by far my biggest holding and I’m not selling. I know the catalysts are coming but they will come in the form of prs or filings. If Charlotte’s Web never had another or or or filing I guarantee you it would go down.
You guys can disagree with me all you want to but you know it’s teue.
I’m holding my shares too but I am stating my opinion. I know catalysts are coming but they won’t be known until they are made public as in filings or prs.
A lot of the others have had recent prs. I think we need a good pr to get us going again. Many investors get too impatient without them.
I agree. It’s no fun watching it go down as Charlotte’s Web is by far my largest holding. That said, nothing has changed fundamentally. I have a feeling we will see a pr soon and when they do report financials we will recover and then some. As Warren Buffet says, “the stock market is a means to transfer wealth from the impatient to the patient.”
In the meantime here’s a nice little article just posted on Twitter. https://potstocknews.com/charlottes-web-stock-bearish-potential/
I emailed Charlotte’s Web in regards to uplisting status and when we would get financials and this is their response...
“Q4/YE will be out fourth week of March. We will issue a notice once the date/time is final.
With the passing of the 2018 Farm Bill senior listings in Canada and the US become more accessible for Charlotte’s Web and we are reviewing such listings accordingly”
If you feel that way maybe you should sell your shares and be done with this board.
Very nice!
Yes. Annual revenue has grown every quarter but with the passage of the farm bill and on the heels of their huge harvest (10 x more than last year and twice expectations) I would expect more dramatic increases in revenue.
I also think Charlotte’s Web is flying a bit under the radar which really makes current pps a great buying opportunity. I myself have been taking advantage of these levels to add when I am able.
Yes. Annual revenue has grown every quarter but with the passage of the farm bill and on the heels of their huge harvest (10 x more than last year and twice expectations) I would expect more dramatic increases in revenue.
I also think Charlotte’s Web is flying a bit under the radar which really makes current pps a great buying opportunity. I myself have been taking advantage of these levels to add when I am able.
Nice info. Can’t wait to see q1 financials.
I contacted the fda regarding CBD regulation and the following is the correspondence
To Whom It May Concern, I began investing in CBD companies since the farm bill legalized CBD late last year. I also believe that CBD in food and beverages should be regulated. That said, I would like to see the FDA act sooner rather than later in regards to regulation. It almost feels like this is an instance of trying to close the barn door after the horses got out. My concern is that the longer it takes to act the more food and beverage companies will operate out of compliance not to mention the loss of financial opportunities for companies, investors and the government. Thank you for your time and consideration. Sincerely, Xxxxx xxxxx
The Food and Drug Administration’s (FDA) Food and Cosmetic Information Center (FCIC)/Technical Assistance Network (TAN) has prepared a response for case number 191490.
Response:
Thank you for contacting us Mr. Xxxxx,
Given the substantial public interest in this topic and the clear interest of Congress in fostering the development of appropriate hemp products, we intend to hold a public meeting in the near future for stakeholders to share their experiences and challenges with these products, including information and views related to the safety of such products.
We’ll use this meeting to gather additional input relevant to the lawful pathways by which products containing cannabis or cannabis-derived compounds can be marketed, and how we can make these legal pathways more predictable and efficient. We’ll also solicit input relevant to our regulatory strategy related to existing products, while we continue to evaluate and take action against products that are being unlawfully marketed and create risks for consumers.
At the same time, we recognize the potential opportunities that cannabis or cannabis-derived compounds could offer and acknowledge the significant interest in these possibilities. We’re committed to pursuing an efficient regulatory framework for allowing product developers that meet the requirements under our authorities to lawfully market these types of products.
Very nice
Market did respond well to Pyxus earnings. Should be an interesting day in the sector tomorrow. Hopefully Charlotte’s Web rebounds but did take advantage of today’s decline to add more shares. Share count is now 4530!
Also, during the two year spread is a nice opportunity to expand brand awareness which should bode well for future market share
Strange trading indeed but price going up!
Honestly Charlotte’s Web should do ok even in a recession seeing as, recession or not, the CBD industry is going to thrive just like Apple thrived in 08 recession. I truly believe Charlie Web is almost assuredly going to grow instrumentally over the next couple of years. Looking forward to the ride.
Finally knocked out that 30k ask. Hopefully we go up a bit more now before the close.
There’s the trailing 700 bid again.
I couldn’t agree more. Did you notice the fairly constant 700 bid that ran approximately.1 off last sale price for a good part of the day. There were also two moving asks for 100 each by two different market makers. Once a sale got up a new ask would come in much lower than the last ask. I think they are a etrf and nite. And every so often there would be sake below the current bid. Very strange behavior.
And I agree with that. Just using the possible rationale behind the sell off.
It sort of made sense to me. Don’t get me wrong. I love this company and have never sold a single share. Just feel the nyc publicity had something to do with this morning’s sell off. That said I expect a quick recovery.
I took advantage of the dip. Holding 4500 shares now. Will not sell for a long time. I see thr potential here.
True but if the edibles that were being sold used Charlotte’s Web CBD, wouldn’t that in turn slow sales in nyc?