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Lots More red on the way, imo. Find a shelter!
5.17 minor support should be tested soon, imo. Major support 3.76
Buyers are running thin. I think this is over. https://www.coindesk.com/long-term-support-level-may-struggle-to-revive-bitcoin-price-rally
TA is everything! This is done, imo. Lower highs, lower lows. Watch and see.
Learn to read charts, and you will know that this is a long term downtrend with very few peeks. If there are any bag holders, hopefully you can sell short, to recoup your losses, imo. The next peak will be maybe half of 9000 in another year or so, imo.
Bitcoin is a slow bleeder that you can still make money on, as it goes down.
The top line of the long term downtrend is now created, imo. Charts tell the story here. Draw a line from the two peaks, and the BTC price shouldn’t surpass this line, during the downtrend that began around Christmas 2017. Cash out, imo.
Sell and don’t look back, imo.
Sell, IMO.
If this falls below $8400 this week, Run Away, don’t walk, imo. If it holds above, get more imo! #chartplayer
Cannabis stocks fall after FDA hearing on CBD finds conflicting views of substance
https://www.marketwatch.com/story/cannabis-stocks-fall-after-fda-hearing-on-cbd-finds-conflicting-views-of-substance-2019-06-03
Let’s hope the Florida CBD infusion facility doesn’t get raided for breaking the law. Makes sense why the previous owner sold out, now.
“In March, a drug task force raided a store in Dade County, in northwest Georgia, seizing items like CBD-infused gummie candy and dog treats.
And restaurants, coffeehouses and bars throughout the state pulled back their CBD-infused items after Georgia Agriculture Commissioner Gary Black warned in early May that the use of CBD in food and drinks remains prohibited.”
https://www.ajc.com/news/state--regional-govt--politics/confusion-continues-over-the-legality-cbd-products/RdASW18szZY5THqnPNPeHN/
I would quit too, if I could avoid being responsible for ticking off more than half the country by supporting the drug companies and lobbyists. Whoever takes over is in a lose-lose situation.
“With uncertainty now at the top, it’s just going to slow down the process for regulatory approval of cannabis products.”
https://neonjoint.com/legal/fda-commissioner-resigns/
Those who have the moola, make the rules.
According to the FDA, Companies providing CBD infused foods and drinks could come under prosecution. It makes sense that Coke and Pepsi are steering clear of this.
https://apple.news/APN6bAQ9qSTGGp9zhZmrbIA
Cannabis stocks slide as FDA hearing on cannabis and its ingredients kicks off
“A regulatory framework” could get very expensive!
“Adding to the complication, CBD, which can be derived from marijuana or from hemp, was expected to be legalized along with hemp in last year’s Farm bill. But instead, regulation of CBD was moved over to the FDA, which immediately told companies it cannot be added to food nor drink.”
https://apple.news/AWNe9eJptS4GX6f-uUIDB6w
A lot bigger drop than that is coming, IMO.
BTC is headed back down after this past peak, IMO
11.63 new resistance. Old resistance 11.95 Top O the line for this downtrend peak, imo. Profits taken! New lows coming, imo.
Next week looks bloody, imo.
New Ceiling - $5.91 Old Ceiling $5.93 Lower highs, and lower lows to come, imo.
Future 2019 Dilution - Can anyone lay that schedule out for us?
How do you vote out a failing CEO when he controls more than 50% of the shares?
Q1 Record Setting Net Losses, along with Dilution, not good imo.
This looks almost ready for trial! Looks like a witch hunt to me, as the court has deemed most things erroneous, imo. I think Youngevity is in deep doo doo: https://www.courtlistener.com/docket/4496463/youngevity-international-corp-v-smith/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
Does insurance end up paying anything, when a company loses hundreds of millions of dollars in a legal matter?
There is another pending legal case in Utah against YGYI, after this one is over too.
Here is some great info to read on, from one of the two permit holders in Florida: https://programs.ifas.ufl.edu/hemp/faqs/
Getting over the invasive species of this plant in Florida May be too much for lawmakers.
One huge unknown is will a non GMO seed be able to grow in Florida, if they ever get a permit to grow commercial hemp in Florida? Florida’s climate isn’t good for hemp growth.
It makes more sense to me now why a Hemp place in Florida would sell out: https://www.theledger.com/news/20190226/florida-hemp-production-still-cloud-of-smoke
One thing that is troublesome is there is only a minute amount of CBD in “water soluble CBD” Products. I think they will flop, since CBD customers are more educated than the average consumer. It is a cheap sales gimmick.
I wonder how poorly the hemp oil company was performing, in order for them to take it over? Also, it looks like the coffee segment they acquired is failing as well? Did they fail to deliver on contract, and lost contract(s) because of a FTD? They blamed it on shipping issues? Their track record of purchasing failing businesses, and not being able to make them profitable is becoming a bad habit, imo. Mind-boggling for sure. New lows are coming, imo. They failed to deliver on last years estimates, next years 10K will probably be a great let down too, imo.
If I had to guess, tomorrow’s chart action will be similar to March 22, imo.
The market is answering this question in the PPS. Price briefly went up yesterday, as people didn’t read the 10K. Everyone should have had time to digest the mess now.
The dilution to the Wallach’s and their President is extremely concerning to me. It’s like a personal piggy bank, on the open market, imo. OTC land’ish actions, get OTC results.
3 years late on the Hemp Train. Marijuana is the one to be on.
Multiple legal defense issues are impacting them.
With all of the fluff $ contract Press Releases, and to expect such a huge net loss of $3-$5 Million? This will be the worst 10k since they went public, imo.
Where are they losing? I want to see that 10k
The Company anticipates that its revenue for the year ended December 31, 2018 will be approximately $162.4 million as compared to $165.7 million of revenue for the year ended December 31, 2017. The Company anticipates a decrease in operating loss, however, primarily due to a significant increase in other expense which includes a non-cash increase in the change in fair value of liabilities and a non-cash loss on induced debt conversion, the Company expects to report a significantly higher net loss for the year ended December 31, 2018 as compared to the year ended December 31, 2017.
3/27 Replay?
They definitely need to raise some capital from profitable sales, rather than dilution. The unknown of their upcoming jury trial(s) has to be weighing this down as well, for such a tiny company, imo.
The support numbers that I mentioned, are from charting and nothing else.
Recent Trend Of Poor 10Q/10K results, along with dilution. The stock market goes up and down. Do I feel this is overvalued currently, imo yes.
Next support at 5.15, and 4.705, imo. Should see a small bounce there, before the downtrend continues, imo. If 4.705 fails, good night Irene.