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Bid and Ask Sizes are really going up. Could be the beginning of something. This stock is completely oversold, RSI below 35. MACD still negative, gap isn't closing yet. Keeping my eye on it
July 1st isn't confirmed yet. And legal cannabis might not be available for sale until closer to the end of the year.
MACD about to turn positive, closing the divergence each day. Now sitting at -.009. RSI still below 65, not heating up too fast. We're just now seeing this rev up again. New leg here, should see $1.00 next week. $1.25-$1.50 once the audit confirms everyone's suspicions that this company is primed in the CBD market and doing extremely well for being so young
eslifesvr I was waiting for you to post something all day today especially after the day we all had. You've been spot on. I'd say both of our analysis is pretty much in line which is great to know. Keep it rolling POTN investors
Spetty, I've been having a hard time understanding it too. The only explanation I have is that if they're executing their warrants and buying at $1.20, that's adding to the outstanding share total in essence diluting the stock without having to issue actual common stock to regular investors. You would think as a warrant holder you'd want the price to surge. On top of that, I also believe this stock went on an absolute tear, from $.70 to $2.40 in just a matter of weeks with absolutely no revenue to speak of. Profit taking definitely was going on and it has been trading sideways for the last 2 weeks. The chart fundamentals appear to show we're gearing up for a break out. MACD is nearing positive territory and RSI is nearing 30. We just need some news to get this back in the minds of traders. Volume has been extremely low and I think a lot of people are waiting for a clearer sign of legalization in July. I continue to buy and buy. I'm out of free cash right now but the money I should make on POTN should allow me to purchase more. My goal is to have 20,000 shares before we cross $1.50 and then watch as we all laugh our way to the bank.
Since Diamond CBD's products are produced using federally legal CBD, they can be sold uninhibited in all 50 states. It's literally on this page above the message board
CBD DERIVED FROM HEMP IS NOT ILLEGAL
You're correct, $1.50 Canadian. Expires in two days, been a drag on this stock since they accelerated the expiration date
Legal to sell and transport in all 50 states. Cannot be criminalized, DOJ has no jurisdiction, Sessions can't stop it. And the longer the US waits on decriminalization, the better for POTN
IT'S ALL HEMP DERIVED. NO CANNABIS
POTN up 70% since the middle of January. Went to $.96, pulled back to $.38, revenues for Jan just came out $2.1M, audit and uplisting are in final stages. Check it out, called it a few weeks ago. Don't miss this money train. Current StockEquity target is $1.25 and is priced at 16X book value. Industry standard is above 55x, grossly undervalued AND MACD is about to go positive signaling a bullish chart sentiment.
Bought in at $.40 a couple weeks ago. Up 70% :) jealous of all you sub $.10's out there. $$$$$$ if you're not on the POTN money train, you're chasin now
MACD is about to go positive, new upward momentum. RSI still below 65. Revenue in, audit will be here soon. Hold the course everyone! GLTA $POTN
RKRK if you read their unaudited financials it gives you an update on their O/S and structure
Warrants expire in 2 days which is what is holding the price down. In fact it helps CBWTF that the stock price is lower as these last holdouts will either execute at a discount, remember the warrant price was $1.50, or it'll expire. We should start seeing a climb here soon. I'm hoping it stays at this level for another couple of weeks so I can load up even more. We'll never see sub $1.00 if you're holding out for that.
All of our suspicions over the last few weeks have been confirmed. This company has a legitimate audit ongoing, has real revenue and Net Income, is profitable, and is grossly undervalued. Glad I got in at $.40 because we wont see those numbers every again. StockZoom and Taurus, get out now, you'll lose more than your shirt on your shorts. Continue to hold and accumulate POTN holders, there is sunshine on the horizon.
Thanks for doing the leg work. Lets hope it's the trade show results and audited financials. Almost $15M in revenue last year, this stock speaks for itself and is grossly undervalued. Long $POTN
Low Volume + Sideways trading = breakout time!!
Here we go, this gets to $.53 today maybe even touches $.55 before settling back down at the close. News either comes out tomorrow, or it comes out next week on Thursday. Monday is then a holiday, by Tuesday of next week, mark my words, this stock will be over $.65
I agree R39838, it's gearing up for a big pop. Patience is our friend right now
You won't see it decline anymore than $.38 and with the consolidation and sideways trading that has happened since Thursday, we should see the same sideways trading until news pops. This will trade in the $.47-$.50 range until news drops
Meannod I got in when it was sub $1.00 :) been accumulating ever since. Averaged down a bit and now I have a per share price of $1.33
Out of free cash at the moment so I'm hoping my bet on POTN pays off in the next couple weeks, then turn around and by a lot more of CBWTF. Goal is to accumulate 20,000 shares before it gets to $2.00. Then wait for it to $20 in 2-3 years.
Hoping this stays in the $1.35-$1.50 range for another month so I can continue to accumulate shares. This is my early retirement and I just turned 30 :)
I've been adding more and more each week. It's not moving because of what's happening in Canadian stocks and the MJX. All of these stocks were way over valued, they needed a correction and then some consolidation. It'll ramp up here soon. No movement means buying time, its been trading sideways for a couple weeks now.
Oh yeah, it's been trading sideways since last week. I've been watching this stock every day, it's gearing up for something. Consolidating has been happening for almost a week now.
Here we go :) Called $.50 at the close
On Feb 2nd a press release stated they were in the final stages of completing the audit. The audit first started back in Aug 2017. Based on my experience in accounting and from friends that are auditors, it takes 6 months to complete an audit. Feb is the 6th month mark. Second, companies usually release information like that on a Thursday to increase to the hype on Friday and then have all those buy orders that weren't executed Friday pile up over the weekend. Because Monday the 19th is a holiday, I wouldn't be surprised if we get that information sometime next week.
Nupe you won't see $.30, not even close. Support is at .38 at a minimum. Audited financials I bet will be out either Thursday of this week or sometime next week, and they'll have their trade show numbers to report as well. It's only a matter of time until this stock retraces its highs from earlier
Thinking we see a run here in last hour. My best estimation is we see a close above $.50, there's some big time asks on the board
Sold all but 5 shares, this is going to meander for a bit. Put my money in a couple stock that should bear some fruit the next couple weeks and I'm right back into ACNNF, can't forget about her and the long term prospects here.
Yeah me too. Watching this trade at a $.47-$.49 day range is brutal, but necessary. I think people are all waiting for the sales report from the trade show and audited financials. Great buying time though right now.
Added more at $.485. Don't want to miss out on the movement that will happen once the trade show revenue is reported and the audited financials
You can't spell "GENIUS" so I'll take my advice from someone else
You already missed the sell-off when it dropped to it's support level of .38 and bounced back nicely. That limit price won't execute. I'm in at .40 and up 30% so far.
John you're the man. Loved the analysis on Village Farms. Need to free up some cash for a potential investment there. Long positions on ACNNF, CBWTF, and now POTN
Namaste great buy @ $1.17 this morning. Already bounced back up above $1.50. Should've pulled the trigger :(
Surf you're already up close to 30% today at a $1.33 buy in. Nicely done. I bought more at $1.30 this morning. Adding more and more to my position.
RSI and chart studying, that's how I make my moves. Great indicators on when a stock will fall and when it should climb back up amid levels of support. Not enough people do that.
Glad I bought at $.40 wish I had some cash on the side to pick up the 35s. Still up almost 30% already in a day, not too bad. $POTN long.