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I have to protect borrowed money so 40% gains it is =) I cannot chance that.
This is just the beginning of a massive crapolastorm. The shorts will crucify this stock barring a massive game changer PR. Remember when the lawsuits started? That day we all laughed and said it was bs. Then over and over and over again with the layers of shorting and negative write-ups over months. Sold a bunch today.
I take it like anything else....with skepticism. The two I watch are Tiko and Dan the chart man. I dont really watch it for news or advice on Namaste since they are wrong a lot. I more watch it to keep educating myself with reading charts and continuing my new found education.
With that being said it looks like we are either going to .80 or 1.20 with no inbetween. Next two weeks should be interesting. We could be in for another small short.
New info tab on Cannmart website. https://cannmart.com/pages/ultimate-guide-to-cannabis-laws-in-canada
They are a 300 mil+ company without any weed sales imo. That alone helps me sleep at night.
Because it has the most upside.... .06 to 3.47...cough...
I guess. One could interpret it as they didn't have it right to begin with. Either way it is very positive that we are moving in the right path with alot of the specifics out of the way. They seem to know exactly what they need to do now to pull this off. They saved some money also which sweetened the deal.
Today's deal reminded me a little of how Eight Capital squeezed us at the end to get the last finance deal done. Now we are the one squeezing with substantial leverage. Green, remember how if a PR came out or some online news that mentioned Namaste with a huge LP we would get all excited. Now it's the normal hearing Namaste's name along side most of the big players in the sector. Times have changed substantially in the past 12 months.
Holland's Hope from Mediwanna =) That's a first from that company.
Seems the news is/was already priced in to the SP. The whole buy on the rumor, sell on the news. Same reason the MJ market crashed at and after legalization. If Namaste has an excellent financials incoming I would expect them to run up beforehand nicely, then dip after the good news is released because it is the opposite of what seems to make sense.
It's always backwards. We got our license in hand when we waited all year for it, went up a little tiny bit that day, then crashed because we had just run up beforehand. Everything seems to be the opposite of what you think it would be which makes this awfully confusing and wonderful at the same time.
This past month was very similar to Summer of last year. Hit a low, bounce back hard, then consolidate around a dollar with 10 -20% swings to keep people interested. Bands tighten...then boom like September? Very familiar trading going on now all month. I've been here before, been here before....
Going up 110% in a month is stagnant?
Is the sky falling as well today?
My, how things change in one months time.
The worst part of this roller coaster from 10/17 for me had to be June/July/August of 2018. Those were the dog days of Summer. Nice to see new higher lows being formed.
I second and third that. Keeping your 100% profits nice and warm?
Fyi, that is from an article 13 months ago in case you are wondering. https://www.newswire.ca/news-releases/aurora-and-namaste-to-complete-strategic-private-label-software-and-patient-referral-agreements-667650273.html
This helps kickstart a potential sector run. https://www.investors.com/news/marijuana-stocks-canopy-grown-stock-upgrade/
Hardly. We are more right, then wrong here for the most part. I read charts all the time as do others to make informed decisions. There are quite a few here who call it well.
The market is neurotic. Recession in December, everything ok in January. We know what we own. We are one of the only MJ stocks where are marketcap actually makes any sort of sense. If anything we are undervalued due to our tech side. People will catch on. I'm expecting another Nasdaq run, followed of course by a massive crash again.
When it hits, it's going to hit big.
https://www.tradingview.com/x/i1zvhxr6/
Taking a look at the Namaste Weekly Chart you can see we are right at a MACD crossover. We are also only at the first Fibo retracement % as well. Add in a RSI around 48 on the weekly and you can plainly see there is a ton of room. My .02
Wow, nice find. Thank you.
The short trades chart below the volume chart paints a slightly different picture.
100% up, off of it's 52 week low for the second time this month. Que Bueno!
Hey, even a blind squirrel finds a nut once in a while.
Called it this morning/ Woo hoo, got one right. Looks clear to go 20%
Wow, are we in for a 10%+ day today? =)
That was one of Sean's better interviews. Very solid indeed and worth reposting.
Back up to 20 items on Cannmart. They added blueberry pre rolls it looks like.
The US "we are decriminalizing weed and letting the states decide what they want to do" within 2 years will be the mother of all runs. Funny part is when they do inact the law that's when the market will crash probably "terribly" leaving a whole mess of new bagholders asking why the market is crashing when it just got legalized. We know the game now or at least a small handle on it to make some serious retirement type money.
It's like Deja Vu or however you spell it. We screamed all Summer long to buy as much as you can around .80 - 1.05 all Summer long. We all know how good those buys are/were now when September hit. It looks like the same exact scenario all over again from June July August time last year.
Look at the volume. It is being sucked dry getting rid of every nervous Nelly investor until there are no sellers left. Then boom they release their Asks and this puppy shoots up. It's coming. So coincidental that it seems right in line with the financials coming in the next month or so. Crazy how many coincidents happen in the stock market all the time =) Isn't that an oxymoron?
Yea with canopy 27.00 - 29.00 was my trigger price based on them hitting that multiple times earlier on the year. Aurora when it hit in the 4's yet again was a no brainer since it always bounces off the 4's. Emerald hit under 2 bucks so that looked good. Namaste at .60, .62, .65 etc was an easy decision. Crazy Christmas it was.
I borrowed 30k on 0% credit lines around .60'ish to add to my position. 87k shares atm. I also added to Emerald, Aurora, Cronos, Canopy, Nbev, Cvsi lately as well. All in brother. If it dips I have to sell a bunch to protect my gains and loan from .60. Stop losses set. Yea, the usual suspects are all here except for maybe Tauby who went AWOL.
They might be releasing the PR's before their financials to make another Nasdaq run.
They have pretty much cleared out all the weak shares around a dollar but their own(Valx,Otcx,Arca)except for about 5k shares on US side. Least bit of volume and this puppy goes up 5 - 10%. 4800 more now on CDEL and we can see some movement possibly.
Ask is thin. Will we see the volume?