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Agreed. I also bet they are 100% saturated in the Carolina markets now.
Slapped the ask. Fully back in. Happy Holidays!
They must still be drunk from all the Captain and Kona's they had on Christmas. ;)
*sigh* this is why it's dangerous being out of position, next week we rock. Raising bid, may even have to slap the ask, even with this volume.
Exactly
Dude.... it will literally go right back up in January, so your damn right im sitting on that bid for as cheap as I can get. I'm usually an ask slapper but this didnt drop as hard as I thought it would end of year, so I'm just trying to get what I can at current levels. End of year is time to buy on the bid, not slap asks on the way down.
Thanks. I saw .08 come up on Monday briefly but mine didnt fill. Going to give it another day before I raise it up. Entire goal was to add more shares, not shave them, so trying to optimize.
I'm sitting at .08, hoping it dips there before end of year.
What a Christmas gift at these prices. Better lock those shares up. January is going to be fun.
So funny the overreaction. CNBC had some nerdy analyst explain the fundamentals of how this will definitely snap back. Time to buy basically. Not that it matters for our sector.
No worries and thanks for the shares. I'll finish my orders on Wed.
Stop freaking out, its holiday weeks. Literally dont check this or VATE until January, you will thank me, and enjoy your holidays.
Agreed mid January we should be looking pretty good. I see the MMs split up the bid and ask into 10k blocks. Taking ages to fill my 2nd order, thinking I'll hold off on my 3rd order for Wed or later this week.
We will see.
I'm on the top bid, sell me your shares. I am going to put up another 100k bid after this one fills but going to drop to .08, so sell now or get less for your shares.
Yeah I think .085 bid is the 50 day and when it dropped to .08s this morning, no one was selling, couldnt fill my order.
It's not technically broken. Its end of year selling... I sold last week JUST to buy back in lower this week, so by all means sell. January is going to be a beast.
Whoever got in front of those .08s on the bid... I hate you. I got some .085s, and had bids at .08 and .075 but moved up to .0801. Fill me!!!
Last year that was not the case. Plenty of volume and raise in PPS as multiple states legalized hemp for 1/1/18 also CA legalization for mj. Pull up KGKG, VATE, SIPC, HIPH, PURA, or WDRP. All of them doubled in PPS the last trading week of the year until first trading day of the near year before most consolidated.
The FDA is positive on CBD even approving that Epidiolex med. You can use CBD in food and bevs, you just cant make false claims about its use is all they are saying. Enegy drinks are regulated too and claims are not FDA approved.
To add to sleeks explanation of a lack of anticipatory run-up. I have been reading charts for KGKG, VATE, HIPH, SIPC, PURA from December 2017 through January 2018. Every single 1 of them had a big PPS boost the last trading week of the year. This was due to multiple states legalizing hemp with legalization day of 1/1/18. Yes some of them continued to run in January and some dropped off in January, but all ran the last week off state legislation.
I'm very curious to see how the stocks do this week for comparison. I originally thought they would all be flat or trend down until legalization 1/1/19, but now I'm thinking we may actually see some action this week.
I was looking for a new stock to jump in and was looking through the breakout boards and didn't like many of them, but saw KGKG because they announced the dividend for the sale of VATE. So I bought in at .007, missing the settlement date for getting the dividend by literally 1 day... Then bought again the following year at .017. Hopefully I'll be able to jump back in here at a great price next week before January.
Correct. 1/1/19
You can say this in mid January, give it time. Have you seen the stocks from MJ mania and how they literally started running legalization dat? We have at least until then before passing judgement.
Perfectly said. I'm still not sweating. Mid January, if we are here, I might be a bit salty. I think January will be a great month for us.
Thank you sir. I'll be honest. This is my blind buy. I like the float and the energy on the board. I wish my review of the beer was a tad higher but you know what it will sell, its unique and delicious, and being in Binny's is huge news, like I'm shocked we arent in 10s right now. It will come, hemp mania or not.
It's almost impossible brother. It's ok to take gains, especially when youwish is on the bid at .08. Lol
Hahahahaha, love it buddy. Go KGKG! Tonight we party.
Over here too I see? :) where do you get your calculations from?
Been in this since .007 and .017. I've shed plenty of shares but I'm completely out at this moment, its weird. I hope it hits .08 Monday then she can run to .15 hahaha. Realistically though, it gets to a point when you have so much invested, riding the down days is super hard, especially over the holidays. Plus lack of news to prop the PPS up, end of year selling, etc... just cant hold it this time. I WILL be definitely buying back in though. I do not want to miss January.
Lol it's TRUE, but that high RSI bwahahahahahaha!
First week of January could be insane too though. I'm buying back in end of next week. Sold today.
Let's get angry over 1 day blip, yay! January will be fun. Take a break from daily watching over the holidays, you will be ok.
You forgot to mention from an interview nearly 18 months old lol. These rookies.
We already know the uplist will be completed in January with the hiring of their new office person. Theybare growing so fast they just havent had time to complete it, plain and simple.
I'm glad I didnt miss out on massive gains because of high RSIs and stinky pinky summer doldrums talk. Only the rookies do that.
A federal law change is not a pump. It's the end of the year, no one is trading anything. Dead money until 1/2/19 legalization day, but who cares, that is <2 weeks from now and there may be news before then.
It's not 1/1/19 yet, that's legalization day. Look at 2014/2016 legalization days and the lack of anticipatory run up on MJ stocks. It's literally like a light switch come 1/1/19. Not all of them, but plenty of them. Remember, VATE is the only Hemp/CBD coffee stock right now, and on the OTCQB with canned CBD coffee and teas due any week now! (Ryan told me January when I inquired as I want to distribute alongside our KGKG products)
What new products? They've been selling CBD/Hemp products this entire time, that doesn't change. They've already announced Storm for next year. The main thing the bill does for us is open up big box retailer/distributors for taking on our CBD/hemp bevs.
Mania should be here come 1/1/19 imo, which I basically base off of the 2014/2016 MJ mania's as they are similar.
Yes, as long as our focus is KGKG. KGKG, VATE, and SIPC. (Lots of gray area, basically any mention of KGKG in the post, and it's legit 90% of the time). I just posted a review of Major Hemp on the SIPC board with a picture as well.
I understand what you are saying about KGKG though. There are those looking for the quick flip and will "sell the news" on the farm bill passage. Cheers to us showing them they were wrong to do so come January. :)
Major Hemp H-IPA Review
Picture of my glass and pour of Major Hemp here: https://imgur.com/a/0N2LkQN
I'll be reviewing this to beeradvocate standards, and bare with me, as I may be a bit rusty since it's been awhile since I've done any reviews. I've also requested beeradvocate to add the subsidiary Major Hemp as a brewer/contract brewer to their list of brewers, so that I can add the H-IPA to their site with the first review!
Major Hemp – H-IPA
Style: American Indian Pale Ale
ABV %: 6.5
Overview: I purchased this 4 pack of pint sized cans (16 fl oz) from Binny's just outside of Oak Park. The can's are dated 11/1/18. So keep that in mind as hops and other adjuncts tend to fall off after 4-6 weeks, hence brands like Stone's Enjoy By series being created for optimal freshness. I'll try this again when I see fresher cans on the shelf, and update my review accordingly should it drastically change.
Poured into a New Glarus nonic pint glass.
Appearance: Clear, filtered apple juice color, with a healthy and frothy head
Smell: Pine with a slight citrus note
Taste: Not as resinous as the nose suggests. I get mainly apricot flavor but with the piney bitterness on the finish. Hop flavor has fallen off after 7 weeks in the can it seems. Hemp is undetectable as well, which may be for similar reasons or it is not meant to be hemp forward.
Mouthfeel: Medium carbonation, thin watery mouthfeel, not it's best attribute
Overall: This is a simple mediocre IPA, though sessionable for 6.5%. I do not detect anything that would tell me there is hemp seed powder in this beer, but that may be a good thing. This is unique and impressive that this is one of the first hemp beers on the market. I am sure contract brewer Church Street can fine tune this overtime or even through new recipes.
My rating: 2.75/5