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Just dont make the mistake I did towards the end of last year. I was flipping shares in the channel to acquire more for my long term position and then boom...it ran up and I ended up with less than I did initially :/
I'm with you on that! I planned on holding this stock for 2 years or more bc the growth potential in this industry is huge! Picking a top 5 company in it at this price is a frickin steal
I'm sorry to hear that man :/ that's a good chunk of money today...
i wouldnt exactly count on it honestly. Im diversified into crypto and stocks. I keep each seperately. The money that exited in crypto (roughly 200 billion over the course of the week) I believe is a set up bc the first btc futures expire tomorrow so people may be selling bc of fear of that or it is being set up by big money. I have no exited my position and I know many people pull out to wait for the bottom to hit to buy back in. Not saying the MJ market isnt fire right now, but crypto is not dead by any means and not going anywhere. I myself made a nice 22% gain in 2 hrs trading that bounce today on LTC. I know many others taking advantage of it as well, then when it settles the price will be a steal and good for a long term hold.
pulled it out his other end. Anyone that did their due diligence months ago knew this was worth way more.
12 cents? lmao what due diligence did you do? 52% shares being retired, top 5 company in an industry expected to completely boom by 2020, growing at a pretty good rate quarter over quarter, paying off debt. Man I want to know what you are smoking that you came up with that nonsense
and people here still sell lol. Let them go man. They will regret their decision later. This stock has amazing potential over even the next few years. I feel bad for those that dont see it
Im thinking the same thing! This is the stuff us longs have waited months for and people are selling before it lol their loss
I thought the audited fins were suppose to be out the 2nd week of January? This is the end of the 2nd week
And that was before the the Q4 numbers we are about to hear soon, which judging by the past 3 quarters should be more continued growth. Also that was before the audit and before 52% share buy back. This thing is going to take off!
LOL Im holding this long. I'm not selling even 1 share. The audit and Q4 revenues coming out soon, 52% of shares being retired, top 5 company in a rapidly growing industry. Im holding these real long term. Anyone selling this stock doesnt know what they will be missing out on IMO
CBD industry is projected to grow to a 20 billion dollar industry in 2020. Think about it...POTN is a top 5 company in the industry. They are doing roughly 20 million a year now (still waiting on the audit to confirm final numbers). So for them to get a 10% stake in that 20 billion dollar market in 2020 that would put them at 2 billion. I believe a 10% stake in the future market is VERY doable given the fact that they have been growing their quarterly revenues at every quarter pretty convincingly. So if they hit 10% and remain in the TOP 5 that would be 100x growth from this years revenues. With the way they have been growing and positioning themselves in the market I really do believe that this is achievable. If they fall short and do only half thats still 50x this years revenues. This company has HUGE potential! Very excited for the future! Holding Long and Strong
After evaluating the companies growth and reading the article last month about POTN being 1 of the top 5 in the CBD industry I definitely can see this stock going to $7.00 It would not surpise me one bit. That article stated that the industry is expected to be worth 20 BILLION in 2020. Thats 2 years from now and right now POTN is roughly doing 20 million. If they capture %10 of that total 20 billion thats 2 billion and would put them at 100x your investment. I'm not saying that it will happen, but I would not be shocked in the least if it does given their big growth quarter over quarter. Even 10x at this point is extremely conservative and doable.
Yeah unfortunately he retired. I wanted him to win soo bad when he ran for president, but the media painted the picture of him being a crazy old man :/ It's a shame, but looking forward the younger generation are more open to the libertarian view point so one day we will have a president that is actually for the people and gets rid of all this big government intervention
I wish Rand Paul would have won the presidency. By far the most intelligent candidate that was out there and completely for personal liberty and freedom. Its a shame that too many people listen to the media for their decisions...Rand's stance was always its up to the states to decide for pretty much anything. Maybe one day we will lucky to have him as president.
I would if I all my funds werent in long positions :/ I would have had to sell before this news and buy back in lower
lol! Im a libertarian man so I dont have party allegiance, Trump has done some good not to say he's my ideal choice by any means bc hes not. On business side of things I tend to agree more with conservatives where on personal liberties I lean more left. Where is Ron Paul when ya need him?! haha
Im neutral with Trump honestly. Sessions is the one thats hurtful for business growth and states rights
I assume that no one hear agrees with Jeff Sessions trying to go against states rights and the 61% of americans that think pot should be legal. Its not much, but hey maybe if it gets enough signatures some news outlet will cover it and let the voice be heard somewhat. https://petitions.moveon.org/sign/stop-jeff-sessions Sign the petition to get rid of this old dinosaur
I assume that no one hear agrees with Jeff Sessions trying to go against states rights and the 61% of americans that think pot should be legal. Its not much, but hey maybe if it gets enough signatures some news outlet will cover it and let the voice be heard somewhat. https://petitions.moveon.org/sign/stop-jeff-sessions Sign the petition to get rid of this old dinosaur
hmm mine are set to 0,20,-2,2 and its showing ~0.024 as the middle. RSI is at 27 currently so massively oversold. Good buying opportunity IMO
really? I have my Bollinger bands set up and it shows 0.024 as the middle. This is way oversold at the moment
Its just a fear tactic. This can of pandora's box has already been opened and theres no closing it especially with all the big money getting involved (tobacco and alcohol joining with them). Just look at all the states that have it legal for medical alone. Besides Sessions is wrong on this since it goes against states rights. He wont get far if he tries anything. Can you just imagine the pushback if he does? Considering now more than half of US adults believe it should be legalized? The tide has shifted in acceptance and hes behind the times.
You are right. It was around summer when it was 0.16. That was before their private label deal and before Cali (opening more doors for revenue). People here apparently aren't exactly thinking right when it comes to the industry. MJ is only just now becoming more legal and cali again is the 5th largest economy in the whole frickin world...soo please shorts go somewhere else. You would need to be brain dead to try and short stocks in the sector right now
Couldnt agree more. People trying to downplay the private label dont realize that this opens the door to a lot of opportunity. Not to mention that this market sector is in its infancy! This has all kinds of potential to really boom!
You do realize even growing Hemp is/was illegal in some states so yes this is big news. This affects the whole industry, especially since California is the 5th largest economy in the world
What does POTN have anything to do with MJ tho? thats the real question. CBD is already legal in every state. MJ legalization wont do anything, but possible deter from CBD use since most would rather smoke MJ than use CBD but thats my opinion.
Why else would it be running? Considering that it hasnt moved in months and moves as soon as the MJ ETF came out and days before cali. Its still overpriced at this moment before knowing the details of the upcoming audit. Thats what held the stock price back this whole time
They added to their note so more debt. Also it is still unclear on how the share retirement will go. This is what everyone has waited on for months now. It is only running off of cali with mj and not what the company itself is doing.
I doubled my inestment money in one day yesterday. I'm not concerned. I don't gamble on a company that has had known issues in the past at all time highs before stuff is verified. That s just illogical. I'll wait for now
Ehh id rather verify it. Making money in more established companies in the meantime. No sense on gambling on it at this price
Still waiting on that audit which has been the story for a long while now. That and they added to the note...
I'm not expecting, but want reassurance given their history. Back at .05 to .06 I was willing to take that gamble bc of the potential loss wasn't that much. Now that the price has doubled the potential for loss is greater. Soo right now I can't bring myself to put more money into the company given their past at this price with uncertainty of what we will find out in a few weeks
Yeah I know and that's what I'm waiting on. I want to confirm everything especially with the run up and price. Overpriced right now imo until we can confirm their situation.
Sector move or not still waiting on the audit, which has been the case for months now. Only then everything can be confirmed
thanks for the words of encouragement. I guess sometimes even making the right decision the cards dont always fall in our favor. It will definitely remain as a lesson learned thats for sure. Right now I'm just sitting on the side lines again. Once I can read that and confirm things then I will buy back in if I believe the shares are worth the price. With the run up in price though, Im not convinced on taking a bigger gamble on what the audit will reveal to everyone.
I understand the sector news, but the questions on this company still arent answered until the audit is released...this is why I'm surprised that it even made a move yesterday. The audit is key for us shareholders.
Oh I firmly believe in this company and I honestly expected to at the bare minimum for it to hit $0.40 in ~2 years time and with an optimistic view of them being 10% of the market cap projected to be 20 billion in 2020 that would put them at about $7.00 per share if my math is right. That is not as farfetched as it sounds since they are in the top 5 in CBD now. I wanted to hold long, but was only day trading before the audit to get more shares and instead screwed myself in a company that I believe in. Lesson learned
Im not going to lie, I left way too much on the table trying to day trade this last week and waited for a lower entry. So instead of a double up day i made 600...never been soo sick about making money. Sad thing is I KNEW this would be an amazing stock to hold long term. I just thought I had another week yet to give me some time before the audit. Fuck me lmao
Clay that link still doesnt work when you click on it...either way the fundamentals with this company are extremely promising. Growing strong each quarter, the share reduction, and audit in 2 weeks. Only an idiot would sell now