Low level trader just trying to make a buck, always honest with my opionions
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Dont worry guys, after tomorrow this thing is going to turn around. Im VERY optimistic about next month. I think this decline has a lot to do with institutions moving money around at the end of the month coinciding with the end of the quarter. As well as huge short positions ironing out following the huge run. Overhyped retail expectations also didnt help.
What we need here are those efficacy numbers as well as a plan laid out by the OWC team detailing the rest of the ongoing trials and the sales dist. plan for the creme. And next month I say we get it.
Im not expecting any fireworks tomorrow. we really didnt show much strength today and unless theres a bombshell 10k during trading hours, we will probably have another slight decline. But who knows, OWCP has surprised many on Fridays.
Interesting informational article:
how-funds-distort-the-stock-market-with-month-end-trading
Highest volume since the 22nd! to bad it seems to be a lot of selling.
The sky is falling! I remember someone posting about Institutions not having to report their holdings if they dont hold the entire quarter. So there coul;d be some selling into Friday. The hope was that the mms would step up and soak the shares. lets see how low she goes by friday. Im holding regardless because it will come right back next quarter.
What happened to sub dollar today without news? going back on our word already?
Still here, still holding. All the guessing games and misinformation here is absurd. Im gonna go watch netflix.
Iv been hearing "sub dollar tomorrow" for weeks. To much support at these levels. Im not afraid at all, and im usually one to jump the gun and sell to early.
Canada's set to legalize marijuana nationwide on July 1, 2018
Mj stocks are going to run soooo hard into 2018
You are correct, they are for profit. so they will focus on building the business, expanding research, and gaining dist. partnerships. But not the stock price.
How will raising the pps at this point make them money? there isnt dilution so i dont see it. and if their goal was to make money by pumping the pps they are doing a pretty bad job right? not pushing out a bunch of prs.
Screw the U.S
We have canada and the whole world!
Canada's set to legalize marijuana nationwide on July 1, 2018
That makes zero sense. wait ill amend that. You are correct, they are for profit. so they will focus on building the business, expanding research, and gaining dist. partnerships. But not the stock price.
The OWCP team does NOT care about the stock price. They dont careful craft prs to pump, nor do they try to cleverly time their financials to manipulate the stock. Just thought you should know that the fins are not late and theres not a big stink around here about it.
Pretty sure its due the end of this month w/o an extension. Nice try
Still here, long.
NO FEAR
OWCP
Brilliant analysis. Thanks for the tip.
agreed :)
Volume increase day over day last 4 trading session.s
reread my post. Im agreeing with you and not claiming there is another mj psoriasis creme. mj cremes yes, psoriasis cremes yes. but no other mj creme specifically targeting psoriasis.
Correct. There are other psoriasis cremes, and there are other mj skin cremes. But not a tested, safety approved, medically proven mj psoriasis creme. This is huge.
Really looking forward to next month. Next quarter marks the begging of OWCPs true rise.
Another Israel base mj pharma company CN*X from 2.70 to 3.10 in the last five trading days. Before this week OWCP had a very similar chart set up after they ran together.
10-k will certainly have some interesting info to digest. Not sure what your cryptic message about desperation means...
Still NO FEAR here. Holding and holding some more. go ahead and sell right before things heat up,especially if your down. My profits have to come from somewhere ;)
Glad to have you aboard! That article though, I dont think they should be saying "publishes promising results". Its kind of word play though being that we have only got an 8k so far basically saying the results look really good. But we havent seen any actual results quite yet. They dont have any information that the articles from a week ago didnt have. Unless im missing something or they are withholding their source.
It should say "promises published results" haha. Not bashing, all those articles are the same though really. Looking forward to the next few weeks.
I really think our move is coming next month. No fear. OWCP holding up well day after day. MJ sector rebounding as a whole. That whole healthcare scare has come and gone.
Management isnt concerned with the stock price, they are focusing on building the company. Everyone cries foul when results arent published yet, even though the company originally stated "testing to be completed by march 2017". Well, they told us its completed so lets give it more than a week before making dire predictions about the end.
Im really looking forward to April. Financials will give us some data to process, im not expecting a bomb shell either way (pos. or neg.) But there are going to be some bombshell prs in April, of that im confident.
Im going to sit back, relax, remind myself that im a long and not feed the trolls :)
Trading right in its little channel holding strong. We have already hit 22 before and came back. not seeing the big deal... how hard is it to see the trend? running to new highs, losing 50%, trading sideways for weeks, test new highs.
What do you think is the correct market value of OWCP for q2? care to make a prediction?
Last three trading days saw a gradual increase in volume day over day. Lets see if we can keep in rolling this week.
OWCP
I dont remember ever seeing it trade sideways for weeks and then drop. Only run up.
Exactly! she flatlines right before a huge run everytime. I remember seeing you posting when we were heading to 5 cents. So i know you have witnessed this.
Seems the bid has a ton of invisible AON orders protecting it, while the ask changes with every hit.
Try as I might, the only way im able to look at this is that its being held down. plain and simple. Smacks of desperation.
If there isnt news this week, i think we continue to trot along the bottom. Just an opinion, but whatever the hype im expecting another dull week. no big deal.
I like this game, Call me 67 ;)
The testing for psoriasis is complete, They just havent released the actual results. They are now doing the same testing but for other conditions.
Yep, imo its all to transparent what the mms are doing. Loading shares. But not all at once, no they want the pps to stick around this level so traders move on. They will add but they want the trades to be sells on the bid. There are to few shares available these days to load, if your loading big. It would jack the price up in a hurry if retail didnt happily dump them shares. All they have to do is keep their heads down, lets the volume dry up and set up their nets at the bottom to catch your profits.
We have tested our bottom multiple times since the run. popped to 1.50 this month, then AGAIN popped to 1.50 on that pr. though it didnt hold that pop (due imo to uninformed investors getting in based on over inflated expectations) It did still reach that level again. Its not just fading lower and lower out of existence. Its touching highs and lows but staying in the price channel.
OWCP, showing strength in a time of great uncertainty and speculation.
Not quite sure what to make of the increased short interest. But I dont think these are "short longs", to dangerous. Probably just taking advantage of the inevitable drop in interest and volume after the run. OWCP has been following the same pattern since rising from a penny, So everyone is well practiced at making money off of it, up or down. They will be waiting with their nets down at the bottom, waiting for retail to give up shares out of boredom. Once we get some substantial updates its cover time.
People heeding shorts in regards to pps is almost like a self fulfilling prophecy. Lots of shorting and people think "oh no, id better sell. everyone is banking on it dropping". So a bunch of people sell and the short get what they wanted, then buy back in. And you are left kicking yourself for selling.
I like the way we are trading. I dont even wake up for the open anymore because i know we will still be hanging out somewhere over our tried and tested bottom. Other mj etf stocks are rebounding, I feel like there is some bad blood around here because the last pr wasnt what was expected.
OWC claimed the current phase of testing would be done this month, they didnt say they would drop all the results to us. there could be many reasons for this, but the pr was essentially saying "ok guys, just so you know we finished and its looking good"
A lot of people got in based on that upcoming pr, we popped to 1.50 and came right back down. In and Out. Now theres a stink about the company? I dont get it.
Very interesting
Just stopping in to say hello to all longs :) Not much to comment on today besides that im still holding. Other mj etf stocks are doing well today. Itd be nice to reform a base in the 30s this week.
OWCP doesn't have to get FDA clearance to sell product. The U.S isnt the only game in town. We are going global woo!
volume all but dried up before it moved from .60 to 3.00. I believe there is a day totally missing from the chart bec. it had zip.
Dead on. People seem to think Ihub runs the market. When really we small fish here at ihub only make up a tiny sliver of the action out there.
Companies like this are going to be attacked from every direction bec. they threaten the future of big pharma. Been happening throughout history. Like when when mj was made illegal bec. hemp threatened the timber industry waaaay back in the day.