Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Welcome back Seminole...
It seems that pretty much everyone here on the board is unanimous in expectation of AMMJ hitting $1+ by the November ballot date. There's something like 18 trading days until then and it probably needs at least one more pullback. Personally I'm not speculating where this might go from then on until I see where the share price is come November, how the ballots turn out, and if and when the mainstream media starts to cover Weed Boom 2.0.
Crazies here are saying we could ultimately hit $10 whereas $3-6 seems to be the range with which the majority are toying.
Momentum is mainly based on the coming ballots but there is pretty high expectation that AMMJ mgmt has some big news up their sleeves to announce pending positive ballot results. Also, the mainstream media haven't started covering Weed Boom 2.0 yet so it's safe to say that AMMJ is still flying under the radar a good bit despite the current run. Wait until the CNBCers arrive... volume should ramp up drastically. Most recently, CANN (a competitor to AMMJ) was caught doing some shady promos and insiders started selling there so it seems that that might be giving AMMJ a bit of a boost as well.
'Tis the Biennial!
Essentially 2 million in debt. I never said it was "horrid" but as you say it is a wart-- I overlooked that bit in your prior post so I do apologize on account. In my opinion Surna will eventually uplist or be bought out... it's basically the GE of cannabis. Mgmt just needs to keep the balance sheet in check for one more year really and by then a substantial market will have opened up for their products. It's not on my Top 3 solely because this cycle is just a bit too early for Surna to truly spread its wings so to speak AND there are better share structures out there. When MJ stocks come down from "Weed Boom 2.0" that's the time I'll be hawking that one.
I do appreciate all your input on the board though Contrarian. You make up part of the few that actually does know what the f they are talking about and that aren't here by chance. I recognized that a long while back. There's a lot of bs you have to wade through here on ihub to find the good. GLTY
$AMMJ
I agree with you on all but Surna. It's a real company but the debt situation is not all that great. Sure, it will be 'tradeable' in the coming months but they've got some stuff to figure out with their balance sheet yet. AMMJ is in a far better situation currently and has better share structure. I can't disagree with AERO though, it's real and certainly a solid buyout candidate in eventuality.
As was said before, who cares about 120k?! It's probably a minnow who bought in low that is trying to flip as this is already overbought. A correction is certainly coming but it's far from the end of the run. These are the times that you really start to find out who the real traders are on ihub and who has absolutely no clue.
Hmmm... at first I thought the CANN situation was just steam blow. If it were just because of some dubious promos I would think it would at least take some time to investigate the situation. Third-party promos of that nature don't really mean anything as long as they are truly third-party and not paid for by the entity in question or connected to the entity in question in any similar manner. The truly troubling thing about CANN is the recent insider trading on the heels of such news. That to me is a dagger that says, "Oh shit! We know we did something wrong. Let's take some quick profits while we can."
One thing I've liked about AMMJ for a very long time is that the company does not release news just to release news. You don't see a lot of promo or really any fluff for/from AMMJ which points to the fact that the company is actually devoted to the business rather than the stock price-- which is how it should be. They've been smart with PR, financing, and business strategy in general. Simply put, AMMJ has competent mgmt. When something like this happens to a competitor, you can sleep well knowing that you are in good hands in a company that actually cares about the company itself.
And yes-- this debacle should benefit AMMJ greatly. CNAB and MCOA are really the only substantial direct competitors now. MCOA doesn't have a share structure that even remotely compares to that of AMMJ and CNAB, at least by appearance, does not appear to be as professional as AMMJ. AMMJ is a front-runner in their niche and news will come out when the time is right.
I do believe that is very possible. AMMJ is not being sold. Even on corrections, it is only being accumulated. Shareholders/traders are not going to really start parting from AMMJ until at least Nov. 8th-- and probably not until a week or more afterwards (pending positive ballot results). This MJ run has yet to call the attention of the media, when that happens, MJ stocks will run hard-- very hard.
AND, it should also be noted, the company has yet to release any big news which is certainly still around the corner.
Looks like all states are polling in favor now-- at least by metric of certain polls...
www.thecannabist.co/2016/10/04/recreational-marijuana-polls-election-2016/64599/
Nah, I'm done with you now.
Yeah, you wish.
I'll say what I wanna when I wanna say it.
You'll still be able to get back in cheaper than you sold so not such a bad move. This is coming back down again to find some support, maybe not exactly tomorrow but very soon.
Of course, that's why the trend will remain intact. I'm not saying this is going to go back down to 10 cents, what I'm saying is that a correction is coming before this moves higher. It's a good thing though, it's natural and it's needed.
Yeah, I'll tell you what's brewing. A correction. Stochastics and RSI are overbought and Bollinger pierced. It will consolidate before continuing.
correction coming
Si senor, that's what I'm talking about-- although, it isn't realized dilution until it can be dumped on to the market. That won't happen before the anticipated mj pop and that is, in my opinion, why DIGP will be the better trade come November/eoy... DIGP will have those financed funds to expand and pump out the positive news during the time when it really matters. I could give a care less about the company's long-term solvency (or even if it's a real company for that matter). It's key to understand then that I don't invest, I trade. These mj otc stocks can change drastically from gem to stinker in a matter of months so I think it outright foolish to just park money in any particular one of them thinking that one day it will uplist or be bought out just because the industry is expanding at lightspeed. Sure, a select few might make it big, but the majority of them will fail. Flip the runs, do fresh research, reallocate with the cycles, and repeat.
2014 Abattis is a prime example. That stock had a beautiful share structure, was structured for a monster run, and indeed made for a stunningly beautiful trade. And then the party was over. Forever.
At any rate, I wish you luck in the markets. It's clear that you've got a good head on your shoulders if you are reading through financials.
Depends. Signal Bay has more labs but the majority of them are in Oregon-- doesn't mean nothing, but they've put a lot of capital into a state that certainly will not be the cash cow. DIGP is only focused in Nevada at the moment but they are sitting on a substantial amount of cash raised. Further, the float in DIGP is currently much lower which will be better in the coming months. I tend to think both companies are taking a different outlook. Signal is taking a grow-as-you-go approach while Digipath is sitting on the sidelines waiting to allocate its money pending ballot results. DIGP has the upperhand for the quick strike imo.
Thanks for the heads up at any rate. I don't have a position in either of them but I would still buy DIGP over SGBY with the information that I know-- at least for a post-November flip.
GLTY
Good point on real-time sentiment, on that part I agree, the prediction market does better reflect potential result-changing events since it is not static-- albeit those reflections are always likely to be over-exaggerated by the market creating opportunity by means of over-correction.
Prediction markets are still markets which means a) they will typically act irrationally and b) you have your winners and your losers, your sharps and your suckers. For that reason I can't agree that they attract an exclusively intelligent crowd. It is also an assumption to say that traders of those markets evaluate and analyze polls to determine the goods and the bads. Some of them probably do but I'm also willing to assume that many of them do not. Further, going back to irrationality, market sentiment should not directly shadow voter sentiment to a tee because it takes original information and anticipates what has not yet happened. Therefore, in theory, it should have an inflated relationship to voter sentiment. In other words, the price is run up or down by speculation rather than maintaining rational price levels on par with the information known at hand.
i.e. Concerning Prop. 64 PredictIt numbers, those currently buying the 'Yes' are essentially saying, "I believe that I will be able to flip these shares at a higher price than I bought them." OR "I am 89% confident that Prop. 64 will pass" (each share is redeemed for $1 upon positive result). This is a 29% difference from the majority of polls (outliers excluded) taken from samples of registered voters within the State of CA. I will be extremely surprised if the proposition passes with a emphatic 89% 'Yes' vote but, in the case that it happens, I fully expect to hear you give me some shit about this post. None of the polls coming out of California have a margin of error even relatively close to 29% though so I think I'm pretty safe on that one.
I still disagree up front that prediction markets are wholly better barometers than polls. In earnest, they are actually probably worse barometers the majority of the time-- even when taking their dynamic nature into consideration. While they do have some dynamic advantage, they also a) draw heavy on speculation providing for unrealistic and irrational stance when translated and b) in this case, are not solely limited to the participant voters in the state of question.
Sorry for the story but I had to provide logic to the matter. And so concludes another pointless ihub debate.
$AMMJ
Ballsy move by CANN. The chips are in and this November is going to provide a fair amount of fireworks I daresay.
Prediction markets are comprised of persons from any geographic location though no? That is not representative of the state at large but rather a broad market's sentiment. It seems to me that the most accurate way of figuring out where the states actually stand would be to take the average of all samples (polls), to reduce standard deviation overall. The bigger the sample, the more narrow the standard deviation.
True, true. I was just about to say... If medical passes in FL that is also big. So realistically, CA, MA, and FL are the ones to watch. NV would be interesting too but it's really only Vegas. The more the merrier but if those three all pass on their respective ballots, the dam has basically broken.
If all 5 states passed, that would be a huge statement! Personally I think Massachusetts is the other important big that has taken a backseat because of California. Massachusetts would be the first legitimate state back East to legalize (no offense Maine) and it would certainly push NY/NJ to follow in the years to come. At that point Florida would be nice to get the ball rolling towards the South because we all know Texas is not going to hop on that train any time soon. Michigan is also just a matter of time which should open the door for Illinois, Ohio, and the Midwest. The dominoes are falling, slowly but surely.
Agreed, save the news for later and let this run organically for now. We have not even scratched the run yet. That will happen when most every public MJ company and their neighbors will be spouting news out their asses daily. It happened in 2014 and it will probably happen again-- history repeats itself and stocks move in cycles. First CA has to pass though. As much as everyone believes that is a done deal, it is not. Polls do look promising but the actual vote has not yet taken place.... Meanwhile it would be nice to see some sideways movement or consolidation in AMMJ. I love the spike but a stair step is what this really needs now.
Float considered, DIGP is very cheap right now-- probably one of the best buys in the MJ sector at the moment.
Looks like it detects THC of consumed edibles as well... this just gets more and more dreary for you BLOZF holders.
http://sanfrancisco.cbslocal.com/2016/09/14/new-marijuana-breathalyzer-not-only-detects-smoke-but-edibles-too/
Nah, I meant what I typed: front-runner.
Unless Cannabix can release a model for field testing very soon, which doesn't seem all that likely, Houndlabs will be making progress on field testing. It appears they have something small enough that works or else they wouldn't be testing it. You can find various reputable articles in regards. They also have a reserve deputy sheriff in office so it's likely that Houndlabs will be more expeditious in testing due to established ties with police corps.
Good news for you is that it is fairly close to November. If traders shrug this off then it has a chance of making some sort of run still. Whatever happens I wish you luck but, all things considered, the news does not bode well for BLOZF. That much is clear.
A real bummer for all you holding this stock. Hound Labs seems to be the front-runner now. Things could change but I wouldn't bet on it at this point...
I appreciate that Knife. It's never a bad thing to help people out.
You're right too-- "support" is the word I meant to use. Thanks for pointing that out, I should have proofed before I posted.
Best regards to you!
Hey there, I don't post all this often but I saw your post and wanted to respond with a legit answer. Usually mods will get mad if you recommend or pump different stocks on the page of a particular stock, because of that, it's a bit difficult to directly respond to the question you've asked but I'm going to try. I've been in your boots in the past and hopefully I can save you from some future pain by sharing my knowledge.
AMMJ is definitely one of the better MJ stocks on paper but nothing is ever guaranteed especially in the OTC. Someone recommended SRNA to you which also is a real company. I actually like their business focus more than AMMJ but SRNA has quite a lot of debt unlike AMMJ. Debt doesn't typically matter in the OTC (if you are solely flipping/trading) unless the shares go through a reverse split to raise more capital. This can and does happen and it means that the shares you bought would then be worth a half or less of what you bought them at. Sometimes reverse splits can be good when a company is proving that it needs the capital to support its growth trends, but when a company has horrendous debts, it usually isn't a good sign. SRNA will probably be alright through November and the remaining part of this year but it is not something I would ride out long-term just because of its debt.
Another thing that is very important to look at is float. Float is the number of liquid shares that are trading on the market rather than the number of shares issued. A lower float, esp. under 100 million shares, means that a stock has the potential to spike up dramatically when it goes on a run/there is demand. The float of a stock can "lock" which essentially means buyers have bought and supply is basically dry. If there is less of something and demand goes up, prices will rise accordingly with the ratio of supply and demand. Compare a company like ERBB to AMMJ and you'll see what I mean. Float then is really important if you're looking for substantial gains. Also beware of companies that continuously put out a chain of news-- it's usually a pump and dump. Anything that appears too good to be true probably is too good to be true. Yes, it is possible to make money on a pump, you can also lose a lot of money on a pump. It's very risky.
I really don't have any other MJ stocks to recommend per se but I do think plays like DIGP (No, that is not a recommendation.) and those in the testing niche are interesting. Marijuana testing will eventually be a necessity nationwide and so I see a lot of potential there. Make sure you do your own homework (DD) though because you can't trust anyone on here. That is a sure way to lose money over the years. Also, don't expect to hold your OTC stock(s) for years and years hoping that it will become a huge company. Sure, it might happen and you could get extremely rich that way but it is more likely that it doesn't happen and you lose your money. The way to trade pennies is to get in when supply is matching demand--- i.e. a stock moves sideways for a month, typically more and make sure there is a resistance level that it is holding... When I say sideways, I mean sideways, not even slightly downward. Don't put all your money in at one fell swoop either. Make sure you have cash to average down if needed. No one can predict a bottom despite whatever bullcrap they'll try to feed you. Pennies are made to be flipped-- sometimes over a matter of days and other times over a matter of months. We are not really in the Land of "Investing" then but rather the Realm of "Trading." Keep that in mind.
Look into marijuanaindex.com ... there are a handful of US and Canadian MJ stocks that are tracked there. If you click on the link at the bottom of their page to use their older site, the stocks will be divided between MJ stocks that actually report their financials and MJ stocks that do not report their financials. Usually it's a good thing to stick to the ones that report their financials-- those companies are more likely to be real.
I wish you luck with the pennies. A lot of it will still be a learning curve but I hope I've helped you some. Stay vigilant, do your own research, and don't get greedy at the end of the day.
The weakest hands are now being shaken. Selling here is the equivalent of kicking your future self in the @$$... AMMJ strong
interesting close there, should be a crazy day tomorrow
that would be nice, looking to have some trouble with the 2090 level so hoping for a bit of a sell off on friday... it's definitely been stretched over this week though but who knows anymore with this market
today i am in
absolutely agree. another day... maybe, maybe 2. i'm looking to position in for a swing on the next flat/semi-flat day. i'm thinking that could be thursday or friday latest. glty man, this is not an easy one to trade right now but if timed right it is an absolute money pot!
flush is coming sooner than later, just gotta be careful with uvxy. i've been staying on the sideline for the past few weeks until the market stretches for another test or close to. you'll make it back, shit is definitely frustrating at times though.
only half right brother, i didn't see the markets gapping up today by any means. that close was dreadful (also didn't call that) but shit is super irrational right now. everything seems to be a bit counter intuitive at the moment.
seems to me that this rally might be a last gasp though... looking at the weekly stochastics and this market should bleed very soon. borderline overbought again and was already overbought when it broke 2100-- 1st sell off always seems to be a head fake. better chance the next move down is a good flush down assuming it can't make a higher high but that looks unlikely.
dea has not declared that it WILL BE rescheduled, the organization has said that it is currently IN CONSIDERATION of rescheduling the drug though. that is what i understand of it. please post your source if otherwise.
Good point! It's no guarantee that it will be rescheduled though either, DEA is in consideration... If anything it will be changed to Schedule 2 if rescheduled... I see extremely little chance for Schedule 3. Fingers crossed indeed, it would do wonders for financing the industry. MJ on the ballots is an absolute given however.
If it breaks 2055 today, watch out... it may not and that would be ideal if you're holding here but it looks like it might make a go for it eod here. EOD will be make or break.
I would argue that it's very manipulated by mms right now for sure... AMMJ has yet to run though and, barring any change in share structure/debt, this will run very hard. The ideal would be a sector wide MJ Boom 2.0 as November approaches but that's anyone's guess really. The dump has not occurred yet because there really hasn't been any significant run up in this stock. Yes, it was "dumped" from 30 cents but there have been buyers so support is holding up. Look at long term accum/dist vs. short term accum/dist. Also look at the lows since October of 2015-- they are higher lows since its bottom. Both are good indicators that AMMJ still has room to run and shares are getting progressively thinner.