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Exactly. Got to have some math sense to understand that though. Well said
Except this one though... decent run up towards the end. Up 7% already
All of my cannabis plays are down today. A lot of profit taking going on
Then I can average down a bit. To me it looks like the support is right around .$38. I've been watching this stock for a couple weeks now, new it had to pull back.
$POTN down 36% today, just got in at $.40. Take a look for yourself, new target share price is $1.25, price ran up too fast and needed to correct, just like any stock. Could be a great buy. As always do you DD and GLTA
Support at .38-.40. Been watching this all day, finally got in when it crossed below .40.
DJACF, SIGO, POTN
Thanks Sun
Not including the existing warrants and preferred shares sold at the beginning of 2017. Couldn't be more than 40-50 million. I'd assume a O/S total of somewhere between 200-220 million.
Market Cap is 331.3 million/current share price of $1.79, gets you around 184,000,000 O/S. Is that not correct?
JohnCM answered that question as of Oct 2017 so 3 months ago. 207 million O/S
A huge company, that has been in business since 1910 and has a market cap of $700+ million. With it being Australian day today, we could see a huge jump next week. GLTA! AUSCANN looooooooooong
The price is being kept there because of the redeemable Debentures and the moved up the Warranties date. You got in at a good price. $1.65-$1.70 seems to be the new support level. It'll take off, I just picked up more today after selling some other cannabis stock.
Gotcha. I've got a few more to add too so that works out.
Who are you using Kodybrass? There shouldn't be a foreign exchange fee as there is a US price and Australian price. I use Etrade and have never been charged a foreign exchange fee
Thank you John for doing this. My list as follows: ACNNF, CBWTF, INSY, DOJA, MSRT, NGTF. Those are 6 I've been doing the most research on. I'd also suggest information on ETF's within the industry.
Exports=$$$$$
List of countries currently: Germany, The Netherlands, Czech Republic, Portugal, Argentina, Peru, Belgium, Denmark, Italy, Uruguay, Australia, just to name a few. There are other countries of course with smaller populations, the demand will only increase year after year and there will only be a handful of companies who will be able to supply the product. It's all there, I've never felt more confident in a company within a particular industry.
Medical Cannabis will be a much larger market than recreational cannabis for the foreseeable future as more and more countries legalize it. Countries that already have legalized recreational use have large gap to fill in their supply chain. As CBWTF stockpiles greenery, they'll be a company positioned to fill that gap world wide.
Just about $8 Billion. Canada looks to be positioned to be a global supplier of cannabis. And with CBWTF's streaming model, and their ability to stockpile actual product from those streaming deals, a number starting with a "B" isn't out of the realm of possibility.
StockZoom has shorted multiple stocks he will lose money on. Do not listen to him, do not let it spook you into selling your shares. AUSCANN will be a winner long term, and is no where near a pump and dump scam.
Some Notes: A week ago the RSI was 58.09 and it closed at 1.50, today we have an RSI of 58.08 and we're trading at 1.76. We should see a nice run next with continuing upward trends based upon what the stock has done before at these RSI levels. GLTA CBWTF
I hope so. I'm in this one for the long haul. 3-5 years with tiny adds on the dips as she keeps going up. This stock should be a monster based on everything I've seen. Canada will lead the way in global cannabis supply, and CBWTF will be there to finance it all plus reaping the royalty rewards for each streaming deal they make. It's a win-win.
Bought more today, averaging down now. 9M+ shares released today, great time to add to your pile. Currently sitting on 5,000 shares at a pps of 1.39
Bought some more today, now have close to 7,000 at a pps of 1.15
Back in the game Surfonium. Welcome back!
You won't get anywhere close to covering your short at 1.10-1.20. If you analyze the chart and look at RSI you'll see this will trade in 1.90-2.00 range for a few weeks while they raise cash, then breakout again to 2.30-2.50 range by the middle of Feb
Setting up the next price support at $2.00. The market and investors will digest the news soon enough, I wouldn't be surprised if we saw a big run-up again towards the end of the day.
Really volatile right now. And we're off!
Bid size at 1.92 on my marketcaster. No ask price, just popped to 1.98
StockZoom GTFOH, first you put out misinformation on a trading halt, now you're talking about shorts on the POP. And you haven't posted on here this entire year. Stop spreading misinformation and trying to spook people.
I'd say do your best to get back in under $2.50. This stock is about to rocket. Another revenue stream in their pocket for the next 3 years. Once trading resumes, we could see 30-40% today.
Surfonium why did you sell? This stock has all the makings of a $10 stock in a year. With their new revenue streams, streaming deals, and the fact Canada will be a leading supplier of cannabis for a long time, this is looking more and more like our Golden Tickets! Long and Strong. $3 by end of Feb
Spetty, it's a cooling off period. Straight lines up are never a good thing, we want incremental runs with minor pull backs. Lots of profit taking right now with the run up to almost $2.30. For some who got in at $.70 that's a 300+ percent gain. I'm sitting on a share cost of $1.07 and was up over 110% in under a month. That isn't sustainable
That looks to be the new support level. I picked up a few more shares on the previous dip in the 1.80's, have an average price of $1.07. The Great Green Rush continues on. GLTA!!
A range of $1.89-$1.95 is likely for the rest of the week before it breaks out again and moves on to its next level, building support as it moves northward.
This stock was way overbought. RSI over 90. Needed a pullback to sustain the gains they've already seen or it would have been a more precipitous drop. Small pullbacks are good, gives it another support level to move up to the next rung. Hang in there, don't get spooked. This stock is a $5 stock by year end
The pullback finally happened, called the 10% or so, it was definitely overbought. I was impatient though and didn't wait for the full bottom. In at $1.40, could've got in at $1.35. Oh well, still cheap for the potential we'll see. GLTA!!
Luckily bought into CBWTF at the right time, my timing was just off on ACNNF. Congrats to you all who have been in this for over 2 weeks. Most of you are looking at 200-300% increase as of now.
Hoping for a bit of pull back, I could see 10-15% pull back based on the RSI and moving averages. I want to get in around the $1.30's but don't want to miss out on this potential. Thoughts?