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You are holding the bag so hard on this. The only reason you root so hard. Has nothing to do with fundamentals, only emotion.
So after 7 yucky trading days looks like we're going up at bell today. We shall see.
B Bands getting tight
Time to buy my second round of shares
On the CSE yesterday at opening bell we had around a million shares traded in the first minute. Today 26k. Just a tad different than yesterday.
They are right where they should be. 20 mil aprox in sales for 2018 on a 10 x's multiplier puts them at 200 mil market cap. They are right around 200 mil market cap under N(CAD). After all this, Namaste is neither undervalued or overvalued imo. Can they escape from being gobbled up by lawyers or a short/buy out? That is the question. It's good they have been silent so they stop doing further damage to themselves. The market has a short memory.
Someone just threw down a 480,000 BID at .62 to stop the price from dropping. Now as I am looking they beefcaked a big ole wall within 5 minutes. .46 looks like a good starter entry for me.
Low volume and half the volume on the Bid is fictional. They put a million down spread out across .60 - .62(CAD) on AGRA(CAD) this morning and then retracted when it got hot. That tells me all I need to know. Will be watching for entry. Exciting times. Longs, go play golf and come back around Christmas.
Wow, what a head fake. Wonder how many bagholders jumped on this round? Sad
The lower volume this morning hints that there are not a lot of buyers at these levels. That of course could change at any time but when I saw it I sold my remaining shares at .505. I will be back when the volume returns. Could be in 5 minutes or 5 days. That's the craziness of this game.
Volume drying up
Been following Medmen for months now looking at my charts. The consolidation pattern is so coiled up. The horseshoe looking patterns are now only 6 - 8 days instead 13 -15 days. They squeeze, get tighter and tighter, then boom it goes up, especially when undervalued too. The same exact pattern happened with CVSI recently. 3.00 a share for the company with top sales. I remember when Aurora traded at 3 dollars all to clearly. I'll roll the dice here, I like my odds.
Very bullish this closed above .495(March 6) today forming higher lows yet again. Every time it has formed higher lows like this it has gone up this year. Will see if it repeats again. Daily RSI has cooled of significantly from a ridiculous 92.00 to the 62.00 area without losing much gains.
.49.5 will be what I will be watching to see how it reacts. That will tell me whether I'm buying more or selling, then re-buying. Any decent PR and this flies to .75 - 1.00 and then massively dumps in typical fashion. Salivating in anticipation. I so see a run to .75, back down to .50, then hangs out around .63. Pure speculation of course, but that's what my chart says or at least I think it does. Great time to be alive.
I don't buy and hold stocks that go up 500% in a couple of months. I swing trade them. I will not hold any bags is such a volatile market at such a volatile time. I use two sets of legit Level 2 programs, intensive charting with a multitude of chart studies and watch the buy/sell volume every trading day, all day. I then follow trends sniping my 10 - 30% gains while never holding the bag and "always" either averaging in or down. I also cut any losses the day I make the trade and it starts going south on me. What this being said, of course I am wrong easily 1/3 of the time which you cannot escape so I'm pretty much babbling at this point.
"a bird in the hand. Something of some value that is already acquired. Taken from the proverb "a bird in the hand is worth two in the bush," which means that having something, even if it is a lesser quantity, is better than taking the chance of losing it in order to attain something else that seems more desirable."
Took profits. Bird in hand.
I usually take some profit but it ended the day so strong it seemed silly to.
Today the down day is sector wide. Whole sector is down.
Started loading PUFXF Again. .39!!!
Bought a crapload at .39. TYVM AgraFlora. .39, lol. .39!!
Looks like it is time to re-enter soon. A nice gap done entry would be nice.
Dude, they did a 5 for 1 forward split just recently. This is well known. There is nothing criminal but old information and a lack of due diligence on your end. Heck, if you broke out a chart you would see the drop from .70 area to .12 area. That was the split. Obviously you're DD needs a ton of work.
I don't speculate. Speculation will get you nowhere. I leave all emotion out of it and trust my DD and my charts. Will accumulate again soon like the last time, while my charts verify the price. It's all a game and I own the handbook. I put in my work.
I love these down times when I don't have to watch it all day because I'm clipping realized gains, daily during an uptrend. That's the real stress for me. Not like now when it's going down and there is nothing to do. I Do Not Buy Stocks In a Downtrend. Rule #1. I only invest in what is going up. It's gives more leeway for error.
During these down times I do projects around the house and visit friends. The last thing I would ever do is watch the ticker or open my portfolio page and look at my bottom line during down trends. Up until this week, I stayed at home clipping gains daily like a savage for a month straight, only leaving on weekends for food and water. I literally stayed online for past month straight during that run. Nothing wrong waiting twice a year for runs and making a couple year's salary in a month.
The way I look about AgraFlora is this. Are they perfect? Oh God no, they are pretty much like all the rest who have some sort of baggage. They have as many flaws and they do positives. None of which I will talk about because it is pointless. What I do feel or know is that AgraFLora at one point this year will run to 1.00 Canadian, which is around .75(USD). I have seen this sort of Level 2 manipulation last year when I was watching Namaste's Level 2's daily for a year straight when they had their two epic runs. So with that knowledge right there that I feel it will run to a dollar CAD, one might think a fella like me could make some coin. Hint, hint. Wink, wink.
It's completely incorrect. There is over 400 mil shares atm. With the last sets of news bank on around 500 mil. His evaluations are off by 80%. A 5 billion dollar evaluation down the road would maximum be 10.00. Don't listen to any of these people.
https://ca.finance.yahoo.com/quote/AGRA.CN/key-statistics?p=AGRA.CN
No, the tour will probably the next huge selloff, because the run-up always happens beforehand. It is always priced in by insiders. Look at what just happened to Aurora. Ran up on crap earnings and no news. Billionare steps in with great news and it's down. How the game works. Sell on the news most of the time. Everything works backwards with the stock market. Trade accordingly =)
Over 18 mil volume traded in Canada atm. 600k is a drop in the bucket. Exciting watching the end of this epic week. Either way, pure awsomeness.
Funny part is atm there are only 650k shares from .71 - .80(CAD). Do they dare at the bell? Lol, this is quite entertaining watching it in real time.
A ton of those shares that got bought on this drop went all back on the sell end. Was wild watching it. All sporadic asks up to a dollar now where before there was only three large ASK blocks in between .85 - 1.00. Now there is 15, lol. I see the game they are playing.
Too good, too good.
Here is how I look at it when you sell half. If it goes down you did good and nailed hitting the high, taking some profits. If it continues to go up, you continue to make good money on your 50%. Either way you win in my opinion.
So many interesting Cannabis plays. Here is another.
Careful this could be a dump right now. I took 50%. Always take some profits.
No, I just get short term capital gains which is treated like regular W2 income. Sure beats a regular job. I use rental property repairs and rehab cost on new ones to help offset those gains but atm there is only so much loss I can have without throwing off flags. It's a good problem to have.
One thing I see all to often is people don't pay themselves in this game. If you're up nicely, take 30% and send it to your bank and then do something with that money. I do it every week when things are up. It's like having a couple more rental incomes coming in a lot of months. It's never tangible and does not exist if you don't take some and then use it for something other than stock. We have no idea what can happen tomorrow. Will war or a natural disaster start tomorrow? Always take profits and pay yourself is how I do.
It's nuts. It's March and I'm already allocating monies for next years taxes. Full Alert.