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It’s known as the Eleanor Slater Compassion Center in RI. RI is a viper’s best of Tammany Hall politics, so right now, the three Med MJ dispensaries hold a 1 year monopoly on the market. That was due to a particularly stinky deal in which the governor denied the apps of 30 other centers and the three existing centers ponied up the 150000 in fees the state would lose. But the smell was too great to get more than a 1 year exclusion, so next year, things could change. But by then, everything could be different given recreational legalization in MA. ( It’s hard to be very far from MA in RI). I think mrmd did the setup, and owns either the bldg, the land or both.
Well, I’ll stop talking about my profits and losses after this, Smoke a Bull, because it is boring, but if it helps balance things, I lost 250000 on Corning back in the day. I agree that people who brag their wins are usually bsing, and I’ve had my clock cleaned almost as often as doing well. Good luck with your investments!
Almost pure luck. I noticed they were involved in a local Med MJ dispensary and I couldn’t buy into the dispensary, but could mrmd. I am totally grateful, but, by the way, if I could have put that in the dispensary,the profit would be about 5x greater than mrmd. I say that only to note the unbelievable profit from these centers, and my wish that mrmd purchase such a revenue stream. But I get that there is a limit to cash available.
Nice to see no huge selling of mrmd today.
Thanks for the primer, Kgem. I’ve been in since July 2014 at an average of .22 and 100000 shares, so I am nothing but grateful to mrmd. I am more chagrined at my own repurchase amid circumstances that I think dictate more caution and less greed. Having made, lost, and made again, a couple of million in the market over 35 years, I have noticed that stocks go up and down. I’ve sold 60000 of my original at an average of 3+, but have recently been adding at 3.35 which I’m now questioning. There simply is not enough data to go on reliably. Best luck to all with mrmd but a little caution is in order. And, if it were to regain its 5.50 levels again, I’d be inclined to get almost all out.
Let’s hope whoever was offloading this week and especially yesterday is done.
Schwab. I had to adjust it twice for price action, and as it is otc, it’s always possible it would have been rejected at day’s end ( my buys often take a while to appear - like hours). And I’ve cancelled it now, as I don’t in fact want a short in, but it did accept the order.
I was able to short it
We hope! Couldn’t agree more about poor fundamentals, but we knew that. Caveat Emptor!
We have all been informed of an actuality we’ve been aware of. This is just a pure spec stick and I have been creamed for 50k. 100k over the last month. Shame on me!
Down .53
And to notice you just caught a falling knife, another great adage. So much for farm bill enthusiasm. There’s something amiss here- we simply don’t know the details yet.
Sooth sayer’s kinda day! You must be ecstatic. Funny investment strategy tho; I prefer it going up.
The double top in November chart suggests support at 3.48 and we're there.
Sorry for all of us, but I think the pooch is screwed.
And yet, we continue our downward trend......
I think that’s probably right. Had shown a little better recently. I’m pretty sure there is daytrading going on these days. Buy at 4.05 ish and sell at 4.18 ish. It’s annoying but understandable that somebody is flipping for a 3-4% daily return.
And who was the genius who said support at 4? Oh, that was me...
But, I do note that most of us are a lot less wildly certain than we were. Those hills and valleys can make you a little queasy.
I think the call that 3.68 is a real support point is a great comfort. Whole different launch platform than 1 or 2.
Tried at 3.71 but no. Think it might by close.
I’d missed your post 420. I agree it has appeal.
The Irish are tragic poets, not pragmatists! The question arises: is this time to buy in?
Well, we’ve breached the 3.68 point and I don’t envision much lower, but I remember the Irish wisdom: “ It’s darkest just before it’s pitch black”
And I actually meant to suggest that although the pullback is severe, this stock has a lot of volatility and is trending up. I do think profit taking is irresistible. Despite Trump poohpoohing the stock market pullback, I actually lost as much on my traditional stocks - Dis, Klac, Brk, Dow in dollars as I did on mrmd. I’m not for it!
On June 14, it hit an intraday high of 4.07 and two weeks later it closed at 2.27 on Jun 28, for a drop of about 45%. Two weeks after that, on July 13, it was 3.20, and then just over two weeks more, on July 31, it was 2.08 or 37% down. A week ago, it intradayed at about 5.88ish. A 40% drop would take it to about 3.50, so I guess we’re not too badly off above 4. Wearying tho.
Well, 420Hope, you have your chance! And I hope you’re right MRE1980. I am not loving the motivated seller who is hammering mrmd these last few days. I’m pleased I sold some but bummed I didn’t stick to my sell price targets. I’d love to see a recovery, particularly before any earnings announcement. There is always that inconvenient matter of fundamentals.
Is there any evidence of such shorting? I think that it is simple profit taking. I’ve redeemed approximately 70% of my stake at various times, but if I was moving 500,000 shares as seems to be the case here, the price would suffer as it has. Just too tempting to people in below $1 not to cash some in. Even recent speculators in at 4 could make a 10-20% profit in less than a week. That’s hard to pass up.
And to the poster in at 5, I think you may see it by Friday if this seller is finished.
Lots of profit taking or principal dumping. Hope it stops before that 3.68 price
I’m away from my computer- does anyone have the ability to decipher if this was a market price sell order as I think? It appears very similar to the Friday midday exit but did not end.
But, is it really related to mrmd? It seems this might be very favorable for wddd, but other than holding 2% of mrmd stock, does it really impact us?
This board has been pretty quiet about some pretty stunning price action these last two trading days/daze. Pretty powerful recovery from what had to be a market sell offer that drove it back to the 4.80s. And, what will be the impact of the fundamentals question when there is another earnings release. As someone here has wisely noted, the sizzle can be the most important factor in the price runup. I’m a bit concerned that earning will be a deflating influence. Meanwhile, I’m pretty stunned by how much we’ve all made. Tough to find wisdom at such times.
Well, I did off load another 10% at 5.48, but I’ll tell you, this is one bad boy of a roller coaster ride. My steep off load target was 5.30, but did I behave? Of course not. And now this piggy will be sausages, at least for a while.
Fear and greed
I am really perplexed as to how that deal could be done at 3.68. It does seem true that this had to be a pre-arranged agreement as otherwise it seems to violate some rules. But if a principal agreed to transfer a large block to a specific buyer at a set price, I suppose it could’ve done. Puzzling.
Someone buying very strongly at close! Bodes well. Looks like 4.77 on the ask, 4.76 on the bod. I did off load another 10% but had a hard time using voice commands as strange oinking sounds kept issuing from my mouth!
I don’t understand. One million at 3.68? Really?
I agree that technically it looks like a fine consolidation and I wouldn’t be surprised to see 4.50 soon ( just as likely, a retrench to 3.55ish). I confess to selling 10% of my position here. I did pick up 10k shares at mid 2s after laddering out of my 50% of my 100k original shares between 1.00 and 3.60, so I feel both fat and happy, though there is, of course, no limit to greed!
Boy, this board has gone quiet! Is everyone else sitting on the edge of their seats? I haven’t seen such prolonged strength in mrmd before. Of course, it is all sentiment rather than fundamentals, but one more buyer as we’ve seen in the past and this will break well over 4.
Definitely profit taking, but in the absence of some buyers, I’d hate to see the drift down that occurred after the last run to 4 - all he way down to 2.62. Today, already giving back half the gains. I’m only bummed as today could have been the mission accomplished day for me. I can hear my own pig grunting sounds. Yikes! This greed thing can be unattractive.
Really huge blocks being sold. Yesterday, there was an aggressive buyer and I hope that returns today. Usual pattern is to drift back down from here. I have sold a few thousand shares in the 3s but will hold on to the other 45000 till the 4s and ladder out there. I think the general environment, with Coca Cola expressing interest is spotlighting all our good pot stocks. I think it’s eagerness not income that will give us our return these short days.
I’m in since .22 which means I was also in and watching it hit .11. I greatly prefer this direction.
They have a valuable income stream in RI from a land lease, I believe. But their tenant dispensary is a goldmine and I would be happy to see a share dilution occur for purchasing.
Today’s drop- I expect we will be notified next week of a principal selling. Oh, well.