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Lol I said ones over 100k. The 88k was from ETRF that had been pumping out shares to sell all day
More buyers, bigger sellers. I only saw 1 order all day on the buy that was larger than 100k. Multiple on the ask tho were that and larger.
Watch the level 2. I'm telling you shares are being secretly dumped
Ehh I've been watching level 2 and it has improved from a few weeks ago, but still shares being dumped
Looks like dilution still happening today
The hemp bill failed to pass
Fridays candle is a bearish reversal dark cloud cover. That s what it is. That candle comes after we had a little uptrend, which we did. The candle signifies a reversal on a bigger timeframe than a 15 min candle. Just Google "dark cloud cover candle" and you will see. This is exactly what the chart is in right now....bearish mode
I think so...should have given those to the shareholders after all we've been putting up with.
That s on a 15 min candle. I'm talking about a daily candle...the daily candle for Friday is a bearish reversal
The reversal pattern was Friday. Daily candle dark cloud cover. That s bearish sign
Farm bill failed to pass so there goes the hemp industry for now.
Still over extended on the chart. Right now Fridays daily candle is a bearish reversal sign. More red days
That s a pretty long wick tho on that candle. Doesn't look good for Monday
Bc they either don't look at or don't know how to read charts. I was told today to put away my chart and just buy...this was before the exchanges opened lol.
"To the moon!" Lmao
Stocks don't go straight up. They go in waves, patterns, open today was the top of that move. I suggest looking into technical analysis and studying up on it.
I mean honestly who wants to by the top before it pulls back to do this? Buying today is craziness
No its 60%. Go from the close on Monday until now. Up 60% with no pullback or consolidation. It needs to set a higher low on the daily for it to be stair stepping and have a strong chart. Meaning we will have to see a red day or two in a row to establish this. That s what healthy charts look like.
Up 60% on 3 days without a pullback...i wouldn't count on it going higher today. Profit taking and shorts coming
All recreational MJ legalization does in Canada is steal market share. You are seeing it as a helping hand instead of competition
4 months ago the day the stock tanked on the first run if you want real facts. Char5s show wonders
No news today
That was yesterday
During that time the hourly tho gets overbought and then cools off. So not all time frames are showing over bought for more than 2 days in a row.
This just went from .20 to .33 without coming back down and establishing a higher low on the daily. I'm just saying the likelihood of it coming down and attempting to establish a higher low is very high right now. Plus just had a 500,000 share sell order go through a minute ago
I check all time frames throughout the day. The hourly caught my attention since it's now higher than every other time than 6 over the course of this stocks life. Way overbought in this short time frame. It's never made more than 2 days being overbought on the rsi before it consolidates again and let's it cool off.
We are on day 2 now...just an observation and one I think is important.
Lmao! Thanks for that laugh. Look at the charts. This baby is coming down to establish a higher low on the daily chart. Needs to hit above .20 on the next bounce for the uptrend to be sustained. Overbought on every time frame. Rsi at almost 90 on the hourly. Super overbought now it'll come back down and needs to set a higher low than a few days ago before the run. Stocks don't just go straight up XD
The hemp industry will be. The cbd supplement industry tho? I highly doubt that. Just look at tobacco & alcohol companies. That s what MJ is set to take market share wise.
MJ is being treated to patients already.....and it's natural with no side effects. You don't need to smoke it. The majority of people do tho
Analysists say otherwise...and I am fully functional while high btw. Id literally face a blunt and write my best papers in college. Did you ever smoke? Being high is not at all like being drunk. MY step dad is in his 60s and still smokes. Out of 1000s of people I have met not one has even heard of cbd. I know 100s of people personally that smoke medical and recreational.
Is the help market larger bc of its multiple uses? Sure, but that like saying to invest in a candy company because they have a bar with peanuts on it and ya know peanuts have a lot of use cases.
Potn isn't going to be making paper and shit with hemp...lets be real here
Just pulled up an article on business insider to prove my point. Legal MJ did 10 BILLION last year without Cali or recreational in Canada. And is projected to do 2 billion as an industry by 2020...now tell me which is bigger. MJ is predicted to hit 24.5 billion by that time....thats 10x bigger.
Of course there are people taking it...sayimg it's bigger than MJ is a HUGE stretch
which is the bigger market? Judging by alcohol and tobacco I would say smoking mj clearly is. People already know about it, its cheaper, and harmless. Again like I said their price points are too high. Numbers stagnated. Full disclosure, I have shares in the company. I want to see more bc if we are to ever break past that all time high they need to do better.
The last run was in January where they stated they did 2 mil in revs....revs the same and now it'll go higher? Lol
Lol! Dude I know tons of people that smoke. I know zero people that take cbd. Even tried educating those that do smoke MJ. Still none take cbd
I've been in this stock for over a year...ive read their reports. Those discount codes on their site have been on their forever and to be quite honest...their products are overpriced without those codes...think about it like this. 20 bucks for a few gummies or 20 bucks and you can smoke MJ for like a week. MJ is becoming more and more available. What do you think people will turn towards in the US? 20 bucks for some edibles for a day or smoke MJ for a week for that price (something everyone already knows about)? Let's be real. Most people will smoke MJ over taking cbd gummies. They need to bring down their price points and aquire more customers. Their numbers show they haven't done a good job aquiring customers for 4 months now!
Where did you find info that month over month their profit margins have increased? I have read no such thing. If POTN is going to be a dominant player they need to grow. Stagnation in ANY business is never good.
One month? Try four months of seeing pretty much the same number. What skyrocketing growth? The growth that we saw last year since they were new and were acquiring more customers? Yeah that month over month growth has become non existent this year. You can say that they will do better next month, but fact is they could easily do worse again with that crypto facility depending on what happens there.
Again proof is in numbers and when analyzing the monthly revs. They have stagnated for 4 months. You can't even deny it because the numbers are right there in there PRs if you care to take a look
That was not an assumption. Those are monthly rev facts. Straight from their PRs. Their revs have platued or even decreased from last month. Numbers don't lie. 4 months of flat numbers. Doesn't look promising for future months to come with that
January 2.1 mil in revs
February 2 mil in revs
Match 2.2 mil in revs
April 2.15 mil in revs
To put it in perspective in October last year they were doing about 1.7 mil in revs. Once January hit the month over month growth platued.
Rsi way over bought. Pull back coming
Yeah I saw but two back to back double digit green days is saying it's more than likely to happen. Plus there's over a 300k ask sitting at .29 where there is resistance from the last big drop.
Needs to form a higher low than .207 when it comes down and sets the low after this. Anything above that is bullish of it touches higher than .207 on the next bounce.
Yesterday was ~ +15% today at about +12%. Just took profits. Tomorrow will most likely be a red day since the rsi is overbought on the hourly
I said month over month. They grew month over month last year. Now 4 months of no growth. What does that make you think? If you are running a business do you honestly think that sales plateauing for 4 months straight is a good sign? It's not. Shows that their customer acquisition has slowed down.
I have shares. I want to see them grow, not this. As should the rest of you. Their sales have stagnated for 4 months now. They did 2 mil in revs back in January so these "explosive revs" were already figured into the stock price. If you or I want to see this go anywhere with true power, we need to see them start to grow. As of now it doesn't look good. That s almost half a year with no rev increase on a month yo month basis....how are you okay with that?
Maybe when we see their sales grow instead of stagnate for 4 months in a row we will see that increase. For now we settle for mediocrity
Yeah I remember hearing them say it was going to hit that last year lol it's a risky "investment" they didn't need to make when they had an industry that they could have focused on and made so much more. Now btc could hit 5k tomorrow and then what? How would their investment look then? Awful. Wasted time and distracted apparently from building the real company. Stagnant sales prove it.