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Pecked to death by ducks
There really is absolutely nothing to say these days about mrmd. Maybe Barr will say/do something though he’s been anti-pot in the past. He’s clearly wanting some attention though so maybe he’ll go with the popular position.
And finally, Aurora and Canopy Growth report Monday and Thursday(Friday) and are expected to be hit with “on paper” losses from investments. These should not affect any mrmd investors who actually see A and CG actual reports.
https://apple.news/AjGiYHu3gTee2g7S9vr0yvA
So here is the buzz that could lift mrmd ( and all MJ stocks) in the very near future. Definitely read the article. It makes sense to advance the legislation. Complications are that it is being viewed as a civil rights act, because half of MJ incarcerations are African-American, so Trump may not want to offend his “base”. On the other hand, he did sign, and promote, criminal reform legislation, which was definitely impactful on minority incarcerations. Bottom line will be Republican Senators taking the temperature for re-election. “There’s gold in them thar hills” might persuade them. And the Evangelicals, perhaps the only group still resisting weed, are never going to vote for a Dem ( socialism being way more of a SIN than whoring around while your wife is delivering!)
Lots of negative pot news today, including announcement by Canadiens of no net use increase since legalization, goings on at Aphria ( tho a good thing too - rejection of a dirty deal takeover bid) and Namaste discharging ceo for cause. The short selling firms are actually ferreting out a lot of the behind the scenes crapola in these companies. Probably good news for mrmd which is seemingly pretty clean. The expanding restrictions on CBD is not helpful though. A time of real adjustment and potential.
We’re languishing today, this week, waiting for some buzz. By the way, I wasn’t thrilled by the COO’s credentials.
https://www.tauntongazette.com/news/20190201/this-winter-you-may-be-able-to-buy-recreational-marijuana-in-middleboro/1
Hope this posts - an interesting article about mrmd coo and the new middleboro facility
Could this be a sign of life?
There is definitely a lot of flipping but within limits, although they can be quite broad. It rarely drops more than 50% which is of course huge, but at least a limit. Folks on Yahoo board thinks it’s a temporary downward pressure, either shorts or a seller.
Just bought at 4.05
Just bought at 4.05
It is amazing how regularly it droops after run ups. Not a good reputation to develop as far as long term growth ( stock price anyway)
That may have been a buying opp but too rich for me at 4.10. Apparently, the highest level contact between the industry is C3’s Papodopoulus, the former Trump advisor who did a short stint in jail for lying to FBI. Not ideal, but it still may get something going. AG will occur this next week. Any other likely spurs?
Well, it certainly is always the question with mrmd. It could retrace all the way back to 3:15ish ( though I don’t think so) or, it could restart. Takes a long time to get going in the absence of some sizzle. The present wacky AG situation doesn’t help, and Barr is no great help. He did signal support for more Med m research, but that’s a no brainer. I think it just might droop here until some boosting news.
Not a bad day at all! A little strength at end (3.88 at 3:54) and a good consolidation. Anything could happen this week.
Sorry - I’m still trying to post links
Canopy Growth jumping on 50% price target lift by Piper-Jeffrey.AND - Atty Genl designate says he supports expansion of research into medical marijuana.
It’s channel trading today which is fine by me. Consolidate, consolidate.
No, that much is clear. No sell off- we’ve been through sell offs and they don’t look like that. Friday was profit taking wit a buy back in from 4.45 low. Jmho.
And I won’t go on and on, as it’s merely speculation, but I think we’ll see that interest take it over 5 during the day Monday. Actually, Friday had something of a strong finish, given the 35 and 40 thousand lots sold. If it stays 5 ish Monday/Tuesday, it could resume its climb.
Just mho, but I think it will mess around between 4.50 and 5.25 for a while. Next anticipated sizzle will be around consolidation Fireman spoke of, so I think earnings statement at end of March?
Really makes perfect sense. And I’ll definitely hold maybe 15k in case this isXerox or Casio, like in Defending Your Life! But, I’m very grateful for the blessings and want to be able to say “nest” and “egg” in the same sentence going forward ( pretty funny movie).
I’m glad of that,420, and I’m doing the flip these past couple days. Have sold off 34000 of a 62500 position. Before anybody scolds me, it’s just been too great for me not to take some chips off the table. 28k is not nothin and it kind of balances the upside/downside at 100k. I can survive a loss like that, and a similar gain would be swell, but enough’s enough. I hope you all are treated as well as we have been. GLTA!(I started with 100kat.22)
Hope you did well on the flip, 420, you were an early believer. It’s really hard to know these days, and after the last crushing down from 5.38, I’m not ready for a repeat so have flipped some here myself. The old question: what does the upside, and the downside, do to your lifestyle.
Hope it improved yours enough!
And this could be a very interesting day. Strong day by day week, and a strong finish at yesterday’s close. Or- it could retrace. Fingers crossed!
Hey for perspective, Amazon,Microsoft and Apple are all north of 800 billion, and you can’t vape any of their stuff. Their products actually make you feel worse! Seriously, that’s a helluva market cap for mrmd. Maybe 7 and lookout for profit taking. GLTA
Whirled peas? An end to furlough for people less fortunate than mrmd owners? 6 would be nice....
This time to 5 seems quite different than the last spike. This is wild in itself as it has doubled now in exactly one month, but that ride months ago was just one buyer. This seems quite more sustained, but of course, still an incredible sprouted.
Purity damned close!
I think we may have to wait a bit- like a week or two, or, god forbid, a month! for that. It has nearly doubled in a month!
I may be some of the resistance- sold 20000 in 5000 lots at 4.52/3, but I’m done now. Still have 41K shares. I was just too heavy from purchases when it fell. Blue skies as far as me selling for a while.
100k? The profit at Slater in RI is way, way,way, way more. They just. Own the land, but from what I’ve seen of the retail outlets in MA, Slater is no exception. Nice action today. Next stop 4.50 hopefully.
I sold a thousand this am more as a test than anything. On previous “spiky” days, my efforts to sell 500 shares at varying amounts under the ask but above the bid all failed. Today’s 1000 went off without a hitch at 4.14 and within 30 seconds. I take that as a positive sign that it’s not JUST mms running things here.
Never sure what to make of these “type” days, but it’s encouraging to see today’s high surpass the spike of a week ago. And we’re up 50% from a month ago. Jeech! What a stock. I think liquidity questions remain; that more than half (at least) of the daily volume is mm action.
Oh, I’m not dismissing his comments, and I ( we all!) need to do my df on Gencanna. It’s more that to say the revenue will be x number in two or three months is the “ forward looking statement”, about which people used to exercise extreme caution -BEM ( before Elon Musk). I love the prospect as well as the whisper.
I always thought that the revenue would come from a Med producer but revenue is revenue and its extraordinary what Fireman has suggested, particularly the timeframe.
I’d love it to be a sudden event like a takeover with a fat purchase price, but I’m suggesting that the “sudden event” could be reporting revenues as many on the board have noted as necessary.
Thanks SoothSayer and KGEM for that audio. I’d been triying to listen but got swamped by news on the Mass Pike extension! The time points were helpful. That’s very, very serious stuff he’s talking about. And I get why his lawyer shits the bed when he talks numbers. If there is not a retract, or an addition of data re share dilution or something of that sort, Fireman has just announced huge earnings. Whoa.....
Ah, thanks,KGEM. That could actually be good news. Fireman doesn’t usually throw bs around, so that might be well received. 50 million in revenues would of course convert to about .25 cents per share and a p/e of 20 at a stock price of 5, very conservative price for a growth stock. It seems stuck these days until one realizes it’s up over 50% from Dec 24 (and down 35% since Oct 8). That’s quite a roller coaster in 3 months!